Circuit Breaker Market By Top Trends, Outlook & Forecast To 2024
Category: #business  By Ronak Bora  Date: 2022-07-01
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Circuit Breaker Market By Top Trends, Outlook & Forecast To 2024

With each passing day, the demand for electricity has been increasing worldwide. Developing nations like Africa and Asia have been witnessing frequent cases of network breakdowns and power failures. Such growing instances has fueled the requirement for effective circuit breaker systems. Measures to curb operational dereliction, fire hazards and electrical supply faults has influence increased product adoption. 

Moreover, there has been a rise in construction of renewable energy and smart grid infrastructures. The advent of such technologies has emphasized the need to restructure and revamp aging grid structure that offer safe and secure operations. Meanwhile, ongoing suburban migration has led to an exponential surge in power consumption, which has in turn driven the demand for efficient circuit protection equipments.

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With growing consumer awareness and stern building norms focus on securing and safeguarding electrical networks, the circuit breaker market may accrue sizeable growth. Citing reports, a study conducted by GMI, suggest that the global circuit breaker market may record annual installation of 40 million units by 2024.

As per voltage rating, the < 70 kV circuit breaker market is anticipated to witness increased traction over the coming years. Ongoing development of power distribution systems coupled with rising energy demand across the primary and secondary electric infrastructure may influence segmental growth. The adoption of micro-grid action plans towards off-grid renewable grid network may further aid product demand. 

Notably, circuit breakers for gaining increased traction in various industrial spheres. From small scale residential grid network to large scale utility-aided distribution network, these products enable enhanced safety in overall business operations. With growing demand, industry participants and manufacturers are inclined towards achieving sustainable product distribution and development. Positive customer inclination towards safer operations and the product’s flexibility and cost-effectiveness may also stimulate the demand for circuit breakers in the industrial sector.

As per regional share, Europe circuit breaker market is slated to witness prominent growth owing to strict efficiency norms and growing implementation of renewable energy networks. With an aim to install strong energy mechanism, government authorities are also investing heavily to befit the region’s energy generation and distribution systems.

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In essence, the global circuit breaker market is registering notable growth, driven by the addition of advanced, flexible and secure product configurations. Key market players operating in this industry include Mersen S.A., BEL Fuse, Meidensha, Fuji Electric, Hitachi, Siemens, Crompton Greaves, L&T, Hubbell, Powell Industries, Mitsubishi, Toshiba, TE Connectivity, Eaton, ABB and Schneider Electric. 

Suppliers and manufacturers across the globe are investing heavily on research and development to enhance and expand their product portfolio. Moreover, additional funds are infused by companies to roll out advanced products which may compliment global circuit breaker market development.

Partial Chapter of the Table of Content

Chapter 2    Executive Summary

2.1    Global circuit breaker market 3600 synopsis, 2013 – 2024

2.1.1    Business trends

2.1.2    Voltage trends

2.1.3    Rated voltage trends

2.1.4    Rated current trends

2.1.5    Installation trends

2.1.6    Application trends

2.1.7    End use trends

2.1.8    Regional trends

Chapter 3    Global Circuit Breaker Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013 – 2024 (USD Million)

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution Channel

3.4    Regulatory Landscape

3.4.1    U.S.

3.4.1.1    Sulphur Hexafluoride (SF6)

3.4.1.2    Key Elements of the Regulation

3.4.1.3    Environmental Objectives

3.4.1.4    Affected Entities

3.4.2    Canada

3.4.2.1    C22.2 NO. 31-14 - Switchgear assemblies

3.4.3    Europe

3.4.3.1    Low Voltage Circuit Breaker Standards

3.4.3.1.1    Harmonisation

3.4.3.2    European Standards

3.4.3.3    EU regulation of fluorinated greenhouse gases and HFCs

3.4.3.4    National regulation of fluorinated greenhouse gases and HFCs

3.4.4    France

3.4.4.1    Directive 96/92/EC

3.4.4.2    Directive 2003/54/EC

3.4.4.3    Directive 2009/72/EC

3.4.5    Russia

3.4.5.1    Technical Regulations (TR TC 032/2013)

3.4.6    China

3.4.6.1    The Electric Power Law of the People's Republic of China

3.4.6.2    13th Five-year Plan

3.4.7    Korea

3.4.8    India

3.4.8.1    Indian Electrical Equipment Industry Mission Plan 2012-2022

3.4.9    Japan

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/circuit-breakers-market 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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