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Circuit Breaker Market to reach a valuation of more than US$ 8 Billion by 2022.

The global circuit breaker market was valued at USD 6.62 Billion in 2016 and is projected to reach USD 8.68 Billion by 2022, growing at a CAGR of 4.85%, from 2017 to 2022. Growing access to electricity in developing countries, increasing construction and developmental activities, and the rising number of renewable power generation projects are the major drivers that would trigger growth in the circuit breaker market.

[USPRwire, Fri Aug 31 2018] The circuit breaker market is expected to grow from an estimated USD 6.85 Billion in 2017 to USD 8.68 Billion by 2022, at a CAGR of 4.85%, from 2017 to 2022. The global market is set to witness significant growth due increasing construction and developmental activities, growing access to electricity, and the increasing number of renewable power generation projects. Circuit breakers are vital part of power protection industry. Circuit breaker plays a significant part in electric power transmission and distribution. Browse 70 market data Tables and 40 Figures spread through 142 Pages and in-depth TOC on "Circuit Breaker Market" https://www.marketsandmarkets.com/Market-Reports/circuit-breaker-and-fuse-market-1237.html The transmission and distribution segment is expected to hold the largest share of the circuit breaker market, by end-user, during the forecast period. The transmission and distribution end-user segment led the circuit breaker market in 2016 and is projected to dominate the market during the forecast period. The renewable segment is expected to grow at the fastest rate during the forecast period. The growth of the transmission and distribution segment is primarily driven by increasing investments in sub-station automation, modernization of electric grids, and smart utilities which include smart grids and smart meters. This would enhance protection by decreasing energy losses caused by the poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the circuit breaker market during the forecast period. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=1237 The outdoor circuit breaker segment is expected to hold the largest share of the circuit breaker market, by type, during the forecast period. The outdoor circuit breaker segment led the circuit breaker market, by type, in 2016 and is projected to dominate the market during the forecast period. The need for high reliability and safe operation of sub-station equipment is expected to drive the outdoor circuit breaker market. Outdoor circuit breakers can operate in the toughest climates and function reliably in every kind of environment. Asia Pacific: the leading market for circuit breakers In this report, the circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific led the global circuit breaker market in 2016. Increasing grid investments especially in developing economies such as China and India and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the circuit breaker market in Asia Pacific. Indonesia aims to achieve a 90% electrification rate by 2025 and countries such as the Philippines and Malaysia have similar plans. Growing investments in smart grid technologies such as distribution grid automation, smart meters, and demand response systems in Japan, South Korea, and Australia, among other countries, would create opportunities for the circuit breaker market in Asia Pacific. Make an Inquiry@ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1237 To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the circuit breaker market. The key players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan). About MarketsandMarketsao MarketsandMarketsao provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketsao for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarketsao are tracking global high growth markets following the "Growth Engagement Model -- GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketsao now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketsao is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarketsao INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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Publication:USPRwire
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Date:Aug 31, 2018
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