Global Circuit Breaker, Fuse, and Relay Market 2017-2021

Overview of the global circuit breaker, fuse, and relay market

Research analysis on the global circuit breaker, fuse, and relay market identifies that the increasing demand for power across the globe will be one of the major factors that will have a positive impact on the growth of the market. The coming years will witness an increase in the demand for power generation and electrification grids especially from the remote and rural areas of the Asian and African regions. Additionally, the rise in global population and urbanization that leads to the rapid growth in industrialization, will also fuel the demand for electricity. This will drive the growth of the circuit breakers, fuse, and relay market during the forecast period, which according to Technavio's market research analysts, will grow at a CAGR of almost 7% by 2021.

In terms of geography, APAC accounted for the maximum market shares during 2016. The increase in demand for power due to the economic growth of the developing countries will drive the demand for circuit breakers, fuse, and relays in this region. Countries that do not have access to electricity across all regions will to invest in the expansion of transmission network projects. This will again fuel the growth of this global market in this region.

Competitive landscape and key vendors

Owing to the presence of a large number of international vendors, the circuit breaker, relay, and fuse market appears to be highly competitive. The level of competition among the vendors will intensify in the coming years due to the less differentiation in products and the low pricing strategy of local and regional vendors. The vendors in the market are concentrating on the developing regions of APAC and MEA to increase their sales volume.

The leading vendors in the market are -

• ABB
• GENERAL ELECTRIC
• Siemens
• Schneider Electric
• Eaton

The other prominent vendors in the market are Mitsubishi Electric, CAMSCO ELECTRIC, Honeywell International, Itron, LARSEN & TOUBRO, SCHURTER Holding, Xiamen Hongfa Electroacoustic, Littelfuse, Rockwell Automation, S&C Electric Company, NR Electric, Chint, Legrand, and Bel Fuse.

Segmentation by product and analysis of the circuit breaker, fuse, and relay market

• Circuit breaker
• Relay
• Fuse

During 2016, the circuit breaker segment accounted for the major shares of this market. The increasing demand from the commercial, residential, and industrial sectors and the usage of circuit breakers that can be used in low and high voltage applications, will fuel the growth of this market segment. There is an increasing demand for these products from the construction industry and equipment protection, such as in electrical substations and railways for low and medium-voltage circuits breaker.

Segmentation by end-user and analysis of the circuit breaker, fuse, and relay market

• Power
• Construction
• Automotive
• Industrial

The power industry was the major end-user to the market during 2016. The increasing demand for medium to high voltage circuit breakers especially from the under developed regions will drive the market's growth prospects. The rise in government initiatives towards the expansion of T&D networks in the Asia, South America, and MEA, will also lead to the growth of the circuit breaker, relay, and fuse market in this end-user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global circuit breaker, fuse, and relay market?
• What are the key market trends impacting the growth of the global circuit breaker, fuse, and relay market?
• What are the challenges to market growth?
• Who are the key vendors in the global circuit breaker, fuse, and relay market?
• What are the market opportunities and threats faced by the vendors in the global circuit breaker, fuse, and relay market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global circuit breaker, fuse, and relay market? 

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global circuit breaker fuse and relay market analyzes the major trends and emerging drivers that influence the growth of the heavy industry sector. Industry experts at Technavio also follow a substantial data collection methodology for the chemicals and materials industry and offer a study of developing markets segments like tools and components.

By considering the market size, market share, and statistical models for the tools and components industry, the market research specialists at Technavio present an overall study of the global circuit breaker fuse and relay market for the estimated period of 2017-2021. Moreover, Technavio's market research practices help the clients to develop effective growth strategies and keep up with the constantly changing market landscape. Additionally, to offer clients information gathered from specific resources such as channel partners and stakeholders, this market research report on the global circuit breaker fuse and relay market offers a comprehensive analysis of the tools and components industry.

As per our market research experts, growth in the global power demand and consumption may influence the demand for circuit breaker fuse and relays in the coming years. This upcoming market research report on the global circuit breaker fuse and relay market also covers vendors like Schneider Electric, General Electric, Mitsubishi Electric Corporation, Eaton Corporation, Toshiba Corporation, SCHURTER Electronic Components, Kirloskar Electric Company, ABB Ltd., and Siemens AG. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global circuit breaker fuse and relay market also covers geographies like the Americas, APAC, and EMEA.

This upcoming market research report on the global circuit breaker fuse and relay market also identifies the key influencers, the emerging trends, and the major pain points faced by the vendors in the tools and components sector. Furthermore, to give a realistic picture of the industry's growth prospects, the industry report also provides detailed insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global market.

Our market research methodology for the circuit breaker fuse and relay market

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