Circuit Breaker, Thermistor & Fuse Market: power transmission and industrial applications are boosting the demand.
The Circuit breakers, thermistors and fuses are used to protect the electrical circuit from harmful surcharges. These are the essential components for electricity transmission and industrial applications, thus they have high scope in the Circuit Breaker, Thermistor & Fuse Market. Resettable fuse is one of the highly used fuses in applications where the replacement is difficult such as nuclear power plants.
In the Circuit Breaker, Thermistor & Fuse Market, the ACB, MCB and ELCB are highly used types of circuit breakers in industries. Oil circuit breaker is often used in power stations. SF6 circuit breaker use is expected to be replaced by vacuum circuit breaker in power stations for environmental concerns.
Regional Forecast for the Circuit Breaker, Thermistor & Fuse Market:
In the Asia Pacific region, the growth of the industrial and construction sectors are the major drivers for the Circuit Breaker, Thermistor & Fuse Market. Construction and building industry in developing nations such as India and China will propel this market during 2015-2021. In South America, Brazil is expected to witness high demand for these products owing to its growth in industries through 2021.
The high demand for constant power transmission in North America and Europe regions are pushing the Circuit Breaker, Thermistor & Fuse Market forward. This market is expected to grow at a CAGR of 9% during 2015-2021. This market is largely dependent on development of infrastructures and power plants.
Segmentation of Circuit Breaker, Thermistor & Fuse Market:
The Circuit Breaker, Thermistor & Fuse Market is segmented into various categories according to the IndustryARC market studies report by type, by voltage type, by principle of operation, by application and by geography.
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By type: circuit breaker types (miniature circuit breaker (MCB), molded case circuit breaker (MCCB), air circuit breaker, vacuum circuit breaker, SF6 circuit breaker, oil circuit breaker and others (RCCB, ELCB, RCBO)), fuse types (rewirable fuse, cartridge fuse, blade fuse, resettable fuse and others) and thermistor types (NTC thermistor, PTC thermistor and others)
By voltage type: low voltage (circuit breakers, fuses), medium voltage (circuit breakers, fuses) and high voltage (circuit breakers, fuses)
By principle of operation: magnetic type, thermal type, hybrid type and others
By application: transportation, consumer electronics, construction (residential and non-residential), power generation, industrial, medical, telecommunication and others
By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the key companies in the Circuit Breaker, Thermistor & Fuse Market that are mentioned in the IndustryARC market research report are as follows:
- ABB Ltd.
- Eaton Corporation
- General Electric
- Schneider Electric
- Siemens AG
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The Circuit Breaker, Thermistor & Fuse Market is a rapidly growing market owing to the high demand of power transmission in various regions across the globe. The rise of industrialization and infrastructure is positively influencing this market to grow during 2015-2021.
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