DUBLIN, December 07, 2021--(BUSINESS WIRE)--The "Fuses and Circuit Breakers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Fuses and Circuit Breakers estimated at US$16.8 Billion in the year 2020, is projected to reach a revised size of US$23.8 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027.
Circuit Breakers, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fuses segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 8% CAGR
The Fuses and Circuit Breakers market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Select Competitors (Total 169 Featured):
Automation Systems Interconnect
Bel Fuse Inc.
Carling Technologies, Inc.
Eaton Corporation Plc
E-T-A Elektrotechnische Apparate GmbH
Fuji Electric FA Components & Systems Co., Ltd.
General Electric Company
Hitachi Industrial Equipment Systems Co., Ltd.
Mitsubishi Electric Corp.
Sensata Technologies, Inc.
TE Connectivity Corp.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
The Indispensability of Power Protection Devices: A Review
Recent Market Activity
Resurgence in Global Economy Extends Optimistic Outlook
Improvement in Global GDP Bodes Well for Market Growth
CIVETS to Replace BRICs as the Focal Point for Future Growth
Assessing the Impact of Recent Past Economic Upheavals on Fuses and Circuit Breakers Market
Growth Momentum Improves in 2015 & Beyond
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Circuit Breakers Remain the Dominant Segment
Vacuum Circuit Breakers Makes the Cut
Auto-Reclosers Circuit Breakers Gaining Prominence
Sanguine Prospects for Molded Case Circuit Breakers
Low Cost & Simple Design Help Fuses Remain Strong
High-Power Fuses: Poised for Strong Growth
Manufacturers Focus on Incorporating Overcurrent Protection Element in Fuses
Waxing Demand for Switchgears Bodes Well for the Market
Up gradation of Obsolete Systems to Spur Demand for Switchgears
Industry Thrives in Tandem with Growth in OEMs
High Costs Associated with Equipment Downtime Motivates Deployment of Fuses & Circuit Breakers
Rising Power Demand Positively Influences Fuses & Circuit Breakers Market
Spiraling Energy Consumption and Equally Robust Electric Power Production: Business Case for HV Circuit Breakers
Electric Utility Drives Fuse Cutouts Market
Increase in Construction Activity Bodes Well for Market Growth
Infrastructure and Construction Activities Bolster MCCB Market
Growing Use of Automobile Electronics & Increasing Automotive Production Propel Demand for Fuses and Circuit Breakers
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/78e31n
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207005541/en/
Laura Wood, Senior Press Manager
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