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 $21.0 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 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.
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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 [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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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: [email protected]
Tel. +1-972-636-5056
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