Both overload and short circuit can be highly dangerous to the
performance and safety of an electrical circuit. This necessitates
the use of a circuit breaker, which as the name indicates, interrupts
the flow of electric current in the event of an overload or short
circuit. Likewise, electric circuits also comprise a fuse – a
resistor with a low resistance setting that acts as a sacrificial
appliance to prevent greater damage to a circuit in the event of a
short circuit or overload.
Given their ubiquitous nature, fuses and circuit breakers comprise a
multibillion dollar market. In 2014, the global circuit breakers and
fuses market was pegged at US$20.75 billion. Transparency Market
Research expects that the global circuit breakers and fuses market
will stand at US$31.11 billion by the end of 2021. This translates to
a 6% CAGR between 2015 and 2021.
Browse the full Circuit Breakers and Fuses Market Report
at
http://www.transparencymarketresearch.com/circuit-breakers-fuses-market.html
Mandates Pertaining to Electric Device Protection Components Propel
Demand for Circuit Breakers and Fuses
With far flung regions in the world now gaining access to
electricity, industrialization and infrastructure development have
gathered pace in many developing regions of the world. This has
further fuelled the demand for electricity, ultimately also leading
to a higher demand for circuit breakers and fuses.
The breakneck speed at which the consumer electronics sector is
expanding is yet another growth driver for the global electric
circuit breakers and fuses market that cannot be overlooked. Though
electronic devices are getting more sophisticated with time, many of
them remain vulnerable to failure if exposed to power fluctuations.
Again, this necessitates the use of circuit breakers and fuses.
However, it has become imperative that the evolution of circuit
breakers and fuses keeps pace with that of electronic devices –
this is the only way in which companies in the market can stay
competitive.
Browse the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/circuit-breakers-fuses-market.htm
North America Occupies Top Spot in Global Circuit Breakers and Fuses
Market; APAC Emerges as Lucrative Market
About 34.8% of the total circuit breakers and fuses market was held
by North America in 2014. This made the region the single-largest
contributor to the global market and analysts expect that the region
will maintain its position over the next few years as well. Although
North America remains the largest market, the interest in the Asia
Pacific circuit breakers and fuses market is unmistakable. Developing
countries in the Asia Pacific region are laying a great degree of
emphasis on developing a safe and reliable energy transmission
network, which in turn gives companies in the circuit breakers and
fuses market an evident growth opportunity.
Electric Vehicles, Solar Energy, and Smart Meters Represent Three
Remunerative Opportunities for Circuit Breakers and Fuses Market
Alternative energy is the buzzword in the power industry today, and
it is highly unlikely that the circuit breakers and fuses market will
remain insulated from these changing trends. Thus, the development of
new and innovative fuses and circuit breakers that are compatible for
use in new-age energy applications is an opportunity worth
considering.
Companies such as ABB Ltd, Eaton Corporation, General Electric Corp,
Toshiba Corporation, and Mitsubishi Electric are all vying for a
greater share in the global electric circuit breakers and fuses
market by focusing on opportunities on the horizon.
Request a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2287
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Us
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company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants,
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research techniques in developing distinctive data sets and research
material for business reports.
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