According to a market report by Lucintel, the future of the global circuit breaker and fuse market looks promising with opportunities in the construction, transport, industrial, consumer electronic, power generation, and automotive markets. The global circuit breaker and fuse market is expected to reach an estimated $21 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are increasing need for reliable network access, widespread adoption of renewable energy resources, and rising requiremnet for electrical power supply and reliable power distribution.
A more
than 150-page report to understand trends, opportunity and forecast in global circuit
breaker and fuse market to 2030 by type (air circuit breaker & fuse, vacuum
circuit breaker & fuse, oil circuit breaker & fuse,SF6 circuit breaker
& fuse, and CO2 circuit breaker & fuse), voltage (low voltage, medium
voltage, and high voltage), end use industry (construction, transport,
industrial, consumer electronics, power generation, and automotive), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that low voltage will remain the largest segment over the forecast
period due to rising need for secure, economical, and energy-efficient
low-voltage systems across diverse industries.
Within
this market, construction will remain the highest growing segment over the
forecast period due to growing adoption of smart building technologies and
escalating requirement for construction in residential, commercial, and
infrastructure sectors, which ensures the safety and reliability of electrical
systems within buildings and infrastructure projects.
Download
sample by clicking on circuit
breaker and fuse market.
APAC will
remain the highest growing region over the forecast period due to continuous
urban expansion and industrial development as well as rising adoption of
renewable energy sources and advancement of smart grids in this region.
ABB, Bel
Fuse, Schneider Electric, Mitsubishi Electric Corporation, Eaton Corporation,
General Electric, Siemens, Rockwell Automation, Larsen & Toubro, NXP
Semiconductors are the major suppliers in the circuit breaker and fuse market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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