The global circuit breaker and fuses market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. The major factors contributing to the growth of the market include the rising demand for renewable energy sources and the growing construction industry. As per the International Renewable Energy Agency (IRENA), the global solar energy capacity increased from 488.7 gigawatts (GW) in 2018 to 586.4 GW in 2019. Solar energy and wind energy is constantly leading renewable capacity expansion. These combinedly accounted for 90% of total net renewable additions in 2019. Growing environmental concerns such as rising carbon emission, air pollution, and global warming are the major factors encouraging the adoption of solar panels.
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Another major factor for the growth of the solar industry is the reduction in the price of the solar panels. A significant decline in the cost of rooftop solar panels has been observed over the years. Solar panels are penetrating significantly from various commercial to household applications across the globe. Due to these benefits, the installations of solar photovoltaic (PV) systems has been accelerating, which in turn, is leading the adoption of circuit breakers and fuses. Circuit breakers and fuses are primarily used for the protection of the PV wiring from getting too hot and catching fire.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Circuit Breaker and Fuses Market by Product Type
- Circuit Breaker
- High Voltage
- Medium Voltage
- Low Voltage
- Fuse
- High Voltage
- Medium Voltage
- Low Voltage
Global Circuit Breaker and Fuses Market by Arc Quenching Media Type
- Vacuum Circuit Breakers
- Oil Circuit Breakers
- Air Circuit Breakers
- Others
Global Circuit Breaker and Fuses Market by Application
- Consumer Electronics
- Industrial
- Transport
- Construction
- Energy
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Atom Power, Inc.
- Bourns, Inc.
- Camsco Electric Co., Ltd.
- Changan Group Co.,Ltd.
- Eaton Corp. plc
- EFACEC
- Fuji Electric Co., Ltd.
- G&W Electric Co.
- Havells India Ltd.
- Hitachi, Ltd.
- Honeywell International Inc.
- Larsen & Toubro Ltd.
- Legrand
- Maxwell Technologies, Inc.
- Mitsubishi Electric Corp.
- Pennsylvania Breaker LLC
- Schneider Electric SE
- Siemens AG
- Tavrida Electric
- TE Connectivity Ltd.
- Toshiba International Corp.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global circuit breaker and fuses market. Based on the availability of data and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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