Global Circuit Breaker & Fuse Market

Circuit Breaker & Fuse Market Size, Share, Growth Analysis, By Insulation type(Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage(Medium voltage, high voltage), By Installation(Indoor, Outdoor), By End-User(T&D Utilities, Power Generation, Renewables, Railways), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2033 | Region: Global | Published Date: February, 2024
Pages: 248 | Tables: 117 | Figures: 77

Circuit Breaker & Fuse Market News

  • Eaton announced a purchase of 50% share of Jiangsu Huineng Electric Co., Ltd. In 2022. The share pertains to its circuit breaker division. This partnership is expected to bring lucrative growth opportunities for the industry players.

  • The replacement of traditional infrastructure with tech-oriented setup is highly expected.

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Circuit Breaker & Fuse Market size was valued at USD 14.28 billion in 2019 and is poised to grow from USD 15.05 billion in 2023 to USD 22.62 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

Circuit Breaker & Fuse Market Top Player’s Company Profiles  'ABB Ltd.', 'Alstom SA', 'Eaton Corporation', 'Siemens AG', 'Schneider Electric SE', 'Mitsubishi Electric Corporation', 'General Electric', 'Toshiba Corporation', 'Honeywell International Inc.', 'Legrand SA', 'Rockwell Automation Inc.', 'Larsen & Toubro Limited', 'TE Connectivity Ltd.', 'Hubbell Incorporated', 'S&C Electric Company', 'Powell Industries Inc.', 'Fuji Electric Co. Ltd.', 'Littelfuse Inc.', 'Mersen SA', 'Entec Electric & Electronic Co. Ltd.'

investments in the power sector in renewable power industry were found to be worth USD 328 billion in 2022. Renewable sources such as photovoltaic and wind generators require a dedicated protection system. Hence, the Circuit Breaker & Fuse is required to connect the power generating stations to switchyards and the electrical grid, making it pivotal for the industry. It is one of the most important and critical components in an electrical system. 

Increasing use of AI and IoT: The market has evolved with the use of AI and IoT and is expected to continue incorporating these technologies in electrical industry. To overcome manual challenges, AI technologies are more likely to appear solution-oriented

Asia Pacific accounted for the largest share in 2022. China is the fastest-growing market in the region. China is considered the leading country in the world in power transmission & distribution.

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Global Circuit Breaker & Fuse Market

Report ID: SQMIG20D2033

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