The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold the largest share by 2022, followed by the markets in North America and Europe. The growth of the circuit breaker market is driven by increasing access to electricity in developing countries, growing renewable power generation projects, and increasing construction and developmental activities.
Don’t miss out on business opportunities in Circuit Breaker Market. Download PDF Brochure and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/pdfdownload.asp?id=1237
Target Audience:
Consulting companies in the energy and power sector
Environmental research institutes
Government and research organizations
Investment firms
Power generation plants
Power and energy associations
State and national regulatory authorities
Circuit breaker manufacturers, dealers, and suppliers
Transmission and distribution utilities
Aging power infrastructure, increasing high voltage direct current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for circuit breaker companies. Moreover, the governments of most countries are investing in renewable energy-based power generation to meet the growing energy demand. All these factors are likely to drive the circuit breaker market during the forecast period.
The high voltage segment is estimated to be the fastest growing circuit breaker market, by voltage, from 2017 to 2022. This segment is expected to witness growth due to rapid industrialization and urbanization. Aging power infrastructure leading to the modernization and upgradation of existing high voltage electrical grids and power plants is also a key factor driving the growth of the high voltage circuit breaker market.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=1237
Asia Pacific: the leading market for circuit breaker
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.
Scope of the Report:
By Voltage
Medium Voltage: Live Tank and Dead Tank
High Voltage: Live Tank and Dead Tank
By End-User
Transmission and Distribution
Renewable
Power Generation
Railways
By Type
Indoor Circuit Breakers: High and Medium Voltage
Outdoor Circuit Breakers: High and Medium Voltage
By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Make an Inquiry@ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1237
The circuit breaker market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan).
Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting