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Circuit breakers render added safety to electrical circuits by
cutting off the flow of electricity in the event of an overload or a
short circuit. Fuses, on the other hand, are sacrificial components
that melt so as to impede the flow of electric current in a circuit
if the safe level is exceeded. The soaring demand for reliable
electrical components that can serve the needs of an expanding
electrical infrastructure in growth markets will bode well for the
overall circuit breakers and fuses market.
What also ensures steady growth for the global market for circuit
breakers and fuses is that the use of these components—typically
referred to as electrical device protection components—is mandated
by law in most countries. According to a TMR analyst, “The demand
for innovative and compact circuit breakers and fuses is expected to
reach a tipping point with the commercial acceptance of solar energy
devices, smart meters, and electric vehicles. Companies can expect
massive growth by catering to these emerging areas.”
In this study, TMR analysts have segmented the circuit breakers and
fuses market regionally into North America, Asia Pacific, Europe, and
Rest of the World. North America took the lead in the circuit
breakers and fuses market globally in 2014, accounting for 34.8% of
the total market. The escalating demand for electricity will help
keep the North America fuses and circuit breakers market on the
growth track.
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Furthermore, the report also segments the circuit breakers market on
the basis of voltage level of installation into low-voltage,
medium-voltage, and high-voltage circuit breakers. Of these,
low-voltage circuit breakers accounted for the largest share in the
circuit breakers and fuses market as of 2014 thanks to their massive
use in power grids.
The circuit breakers market is also segmented using arc quenching
media type as a criterion. Segmented thus, the market is composed of:
vacuum circuit breakers, SF6 circuit breakers, air circuit breakers,
oil circuit breakers, and circuit breakers for other media.
Likewise, the global fuses market is segmented on the voltage level
of installation into two types: low-voltage and high-voltage fuses.
The low-voltage fuses market is sub-segmented into cartridge fuses
and plug-in fuses. The report also studies the circuit breakers and
fuses market on the basis of application, segmenting it thus:
Automotive, industrial, construction, power generation, consumer
electronics, and others (military and healthcare). The demand for
both fuses and circuit breakers was seen to be highest from the power
generation segment, which stood at US$5.41 bn in 2014. With a
progressive upswing in energy needs across the world, the power
generation sector will continue to consume fuses and circuit breakers
in sizeable quantities.
Companies profiled in the report include: Toshiba Corporation, Alstom
SA, G&W Electric Company, ABB Ltd, Schneider Electric SA, Eaton
Corporation, and Mitsubishi Electric.
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