Global circuit breaker & fuse market grow at a cagr of 5.2% to reach $15,100.0 million by 2018
Growing demand of electricity and power transmission activities with increasing investment in residential/non residential construction is expected to drive the Circuit breaker & fuse market. It is estimated to reach $15,100.0 million by 2018, with a CAGR of 5.2% from 2013 to 2018.
The Americas, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years. Asia-Pacific is having highest CAGR of around 6.0% from 2013 to 2018.
The need to satisfy rising electricity distribution demand is expected to enhance the growth prospects of the circuit breaker & fuse market. The lucrative and high-investment areas such as Asia-Pacific and Americas are the key driving factors for the exponential growth of circuit breaker & fuse market.
Circuit breaker & fuse market in terms of volume can be depicted in terms of a million units. Here also, circuit breakers have bigger market as compared to fuses. Also there is a significant variation in the pricing of circuit breakers and fuses. Demand wise, the circuit breaker is dominating and expected to follow the same trend
Electric-power transmission is the bulk transfer of electricity, from power plants to electrical substations. Electric power transmission and distribution (T&D) equipments have very high demand. The primary driver for increases in transmission spending is demand for the electricity grid. Circuit breaker & fuses are one of the major components of the power transmission equipments.
Top players in the circuit breaker & fuse market include Siemens AG, ABB, Schneider Electric SA, Toshiba, Alstom Grid, Mitsubishi Electric Corporation etc. with a combined share of around 59%.
For this report, the major players in the market are identified through secondary and primary research based on which, their market shares are evaluated. This includes study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing people.
The size of overall market is determined by forecasting techniques based on circuit breaker & fuse demand in different regions, which is validated through primary sources. The market revenue and volume for various types of circuit breakers & fuses are determined and are evaluated using primary and secondary research. The market data is available from 2011 to 2018 with CAGR from 2013 to 2018.
This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such Siemens AG, ABB, Schneider Electric SA, Toshiba, Alstom Grid, Mitsubishi Electric Corporation etc. have also been profiled in this report.
