Global Fuses and Circuit Breakers Industry to 2027 – Waxing Demand for Switchgears Bodes Well for the Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Fuses and Circuit Breakers – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Fuses and Circuit Breakers estimated at US$16.8 Billion in the year 2020, is projected to reach a revised size of US$23.8 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027.
Circuit Breakers, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fuses segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 8% CAGR
The Fuses and Circuit Breakers market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Select Competitors (Total 169 Featured):
- ABB
- Automation Systems Interconnect
- Bel Fuse Inc.
- Bentek Corp.
- Bourns Inc.
- Carling Technologies, Inc.
- Eaton Corporation Plc
- E-T-A Elektrotechnische Apparate GmbH
- Fuji Electric FA Components & Systems Co., Ltd.
- General Electric Company
- Hitachi Industrial Equipment Systems Co., Ltd.
- Legrand
- Littelfuse, Inc.
- Mersen
- Mitsubishi Electric Corp.
- Schneider Electric
- SCHURTER Group
- Sensata Technologies, Inc.
- Siemens AG
- TE Connectivity Corp.
- Vicor Corp.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- A Primer
- The Indispensability of Power Protection Devices: A Review
- Recent Market Activity
- Resurgence in Global Economy Extends Optimistic Outlook
- Improvement in Global GDP Bodes Well for Market Growth
- Outlook
- CIVETS to Replace BRICs as the Focal Point for Future Growth
- Competitive Landscape
- Assessing the Impact of Recent Past Economic Upheavals on Fuses and Circuit Breakers Market
- Growth Momentum Improves in 2015 & Beyond
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Circuit Breakers Remain the Dominant Segment
- Vacuum Circuit Breakers Makes the Cut
- Auto-Reclosers Circuit Breakers Gaining Prominence
- Sanguine Prospects for Molded Case Circuit Breakers
- Low Cost & Simple Design Help Fuses Remain Strong
- High-Power Fuses: Poised for Strong Growth
- Manufacturers Focus on Incorporating Overcurrent Protection Element in Fuses
- Waxing Demand for Switchgears Bodes Well for the Market
- Up gradation of Obsolete Systems to Spur Demand for Switchgears
- Industry Thrives in Tandem with Growth in OEMs
- High Costs Associated with Equipment Downtime Motivates Deployment of Fuses & Circuit Breakers
- Rising Power Demand Positively Influences Fuses & Circuit Breakers Market
- Spiraling Energy Consumption and Equally Robust Electric Power Production: Business Case for HV Circuit Breakers
- Electric Utility Drives Fuse Cutouts Market
- Increase in Construction Activity Bodes Well for Market Growth
- Infrastructure and Construction Activities Bolster MCCB Market
- Growing Use of Automobile Electronics & Increasing Automotive Production Propel Demand for Fuses and Circuit Breakers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/78e31n
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