Circuit Breaker, Thermistor & Fuse Market - Forecast 2021 - 2026
Circuit Breaker, Thermistor & Fuse Market Overview:
Imagining accomplishing daily-assessments without electrically powered and recharged devices such as hair dryers, toasters, refrigerators, mobile phones, computers, smart home gears, television, and automotive is beyond the analytical faculty of our grey-matters. As per the International Energy Agency, global electricity demand witnessed an elevation of 3.1 % in 2018, considerably higher than the comprehensive upsurge in energy demand in 2017[1]. A huge chunk of global energy is consumed by individual in the form of electricity. Electricity and electronic devices for efficient and safe operations requires intricate mechanism, and circuit breaker, thermistor, and fuse are an integral part of it. Extensive application in distribution & transmission of pivotal electricity and electrical circuits to prevent harmful surcharges and short circuits has augmented the global circuit breaker market, thermistor market, and fuse market, who collectively had opportunities worth around $13 billion - $15 billion as of 2018. The analyst of the report has tracked the opportunities in the market to be growing at a CAGR of around 5% - 7% during the forecast period of 2019-2025.
Circuit Breaker, Thermistor & Fuse Market Outlook:
After an acute analysis of the regional outlook, Europe was detected to be encapsulating the massive demand portion of 33% to 35% of the global circuit breakers market, thermistors market, and fuses market as of 2018. This sheer affluence can be supported by the fact that Europe is considered as one of the most electrically advanced region. The more operations dependent on electricity, the more the demand for circuit breakers, thermistors, and fuses.
As per the European Automobile Manufacturers Association, in the fourth quarter of 2018, among the registrations of alternatively-powered cars across the European Union, electrically-chargeable vehicles (EVC) highest percentage gain of +33.1%, particularly compelled by an elevation of the battery-electric segment (+88.7%).
Apart from ECVs, another sector augmenting the growth of circuit breakers, thermistors, & fuses market is the renewable power generation industry. As per the analyst, among the application segment, power generation is the most flourishing, augmenting with an application CAGR of 5%-8% going through 2025.
Europe is constantly exploiting the potential of the renewable form of energy from wind, solar and biomass. They upgraded by 12% in 2017 to 679 Terawatt hours, surpassing generation from coal for the first time[3]. Such considerable drift in practices of power generation requires a whole new set up for distribution and transmission mechanism. Thus the inevitable employment of circuit breaker, thermistor, and fuse in such developments is all set to stroke the market with abundant demand.
Circuit Breaker, Thermistor & Fuse Market Growth Drivers and Trends:
- Due to escalation in implementation of IT and IoT technologies in numerous operations, the devices necessitates appropriate power controlling for upgraded performance, thus accelerating the demand for circuit breaker, thermistor & fuse market. This is coupled with need for competent power generation for managing future demand of electricity, thus blooming the demand for all such safeguard devices.
- Rapidly flourishing construction market comprising of commercial and residential buildings is estimated to shoot the demand for circuit breakers and fuses. Modern era infrastructures are host to immense number of electrical devices such as aesthetic lighting, connected appliances, air-condition facilities, security appliances and so on.
Circuit Breaker, Thermistor & Fuse Market Challenges:
In occurrences of overload the filament in fuses gets heated and breakdowns to halt the current flow to avoid harmful surcharges and short circuits. The demand for fuses is falling due to its defenseless peculiarity, and the necessity to substitute it frequently following each overload incident. However this challenge can be overshadowed by the fact that such instances are constantly creating reoccurring revenue pockets in the fuse industry since it is not a one-time installment. Moreover an effective and economical substitute for fuses is absent.
Global Circuit Breaker, Thermistor & Fuse Market Players Perspective:
Some of the key companies identified in the report that are currently holding majority shares in the global circuit breaker, thermistor & fuse market are ABB Ltd Alstom, SA Eaton Corporation, G&W Electric Company, General Electric (GE), Maxwell Technologies Ltd, Mitsubishi Electric, Pennsylvania Breaker LLC, Schneider Electric, Siemens, and AG Toshiba Corporation.
Schneider Electric SE is a French multinational corporation that specializes in energy management, automation solutions, spanning hardware, software, and services. EcoStruxure is Schneider Electric’s IoT-enabled, plug-and-play, open, interoperable architecture and platform, in homes, buildings, data centres, infrastructure and industries. It delivers enhanced value around safety, reliability and operational efficiency.
Circuit Breaker, Thermistor & Fuse Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Circuit Breaker, Thermistor & Fuse Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various equipment in Circuit Breaker, Thermistor & Fuse Market, and their specific applications in different types of ailments.
Circuit Breaker, Thermistor & Fuse Market Report: Industry Coverage
By Type: Circuit Breaker (Air, Vacuum, SF6, & Oil), Thermistor (NTC, PTC) & Fuse (Rewirable, Cartridge, Blade, Resettable)
By Applications: Transportation, Medical, Consumer, and Others
The Circuit Breaker, Thermistor & Fuse Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
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