Circuit Breaker Market Scenario
Continued growth of construction & developmental activities coupled with increasing access to electricity in developing countries are some of the major factors propelling the circuit breaker market globally. Furthermore, growth in renewable power generation is also one of the factor propelling the growth of circuit breaker market. However, increasing competition from the unorganized sector of the circuit breaker market is one of the major factor expected to hamper the global growth of the market.
Circuit Breaker Market Segmentation
The Circuit breaker Market is segmented by Voltage, Type, End Use, Insulation Type and Geography. The Voltage comprises of High Voltage and Medium Voltage. Likewise, the various Types of Circuit breaker are Outdoor Circuit Breaker and Indoor Circuit Breaker. Furthermore, various End User of this market are Transmission & Distribution Utilities, Power Generation, Renewables and Railways. In addition, the Insulation Type studied in the report are Oil Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker and Vacuum Circuit Breaker. Based on Geography, the Circuit breaker Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Circuit Breaker Market by Geography
Based on geography, the circuit breaker market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. In 2019, APAC accounted for the largest share of the market. China accounted for the largest share of the circuit breaker market in the Asia Pacific region. Moreover, in January 2017, the government of China planned to invest about USD 361 billion in clean energy by 2020 as China aims to supply 20% of power from non-fossil sources by 2030, which shows a positive growth for the circuit breaker market.
Circuit Breaker Market Key Players
Some of the major players operating in the global circuit breaker market includes CG Power, Fuji Electric, Larsen & Toubro, Efacec Power Solutions, Hawker Siddeley Switchgear, Tavrida Electric, Siemens, Eaton, Schneider Electric, Mitsubishi, Toshiba, Powell, TE Connectivity and ABB. Many companies in this market implement initiatives such as mergers and acquisitions, product developments, and geographic penetration to compete in the market.
Circuit Breaker Market Report Key Benefits