SAN FRANCISCO, September 22, 2015 /PRNewswire/ --
The global circuit breaker and fuse market is expected to reach USD 18.92 billion by 2022, according to a new report by Grand View Research, Inc. Replacement of electromechanical and mechanical devices with electronic equipment is expected to drive demand in manufacturing and industrial sector.
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Increasing construction and infrastructure activities using different components in residential and commercial projects such as MCBs, protective relays, air and gas circuit breakers is expected to boost demand.
Technological advancements such as emergence of generator circuit breakers in natural gas power plants are further expected to boost the demand. Moreover, significant investment transmission grid has surpassed the need of replacing worn out energy infrastructure which is expected to provide significant opportunities for the circuit breaker and fuse industry.
Browse full research report with TOC on "Circuit Breaker And Fuse Market Analysis By Voltage (High Voltage, Medium Voltage, Low Voltage), By Type (Air, Vacuum, Oil, SF6), By Application (Construction, Transport, Industrial, Consumer Electronics, Power Generation) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/circuit-breaker-and-fuse-market
Growing focus on increasing the functionality of power system apparatus to facilitate better system asset management and improve electrical power quality is expected to drive the market over the next seven years. However, high cost of raw materials such as gold and silver used for component wiring are expected to hamper growth.
Further key findings from the report suggest:
Grand View Research has segmented the circuit breaker and fuse market on the basis of product, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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