Circuit Breaker Market Size, Outlook Growths, Global Development Factors, Top Companies, Research Method and Forecast 2024
Category: #energy-and-environment  By Rahul Sankrityayan  Date: 2020-02-06
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Circuit Breaker Market Size, Outlook Growths, Global Development Factors, Top Companies, Research Method and Forecast 2024

Decresearch adds Circuit Breaker Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

The Circuit Breaker Market is valued at 13  Billion USD in 2017 and is expected to reach 21 Billion USD by the end of 2024, Forecast Period 2018 to 2024 CAGR is 6.7%.The global circuit breaker market size has lately been growing at a significant rate, primarily owing to the need for safety measures to integrate sustainable and reliable electrical infrastructure. While the growth of the industry is essentially characterized by the increasing prevalence of workplace accidents and power generation facilities due to power system failures, one of the most important factors that will drive the circuit breaker market is the stringent regulatory landscape enforced by electrical safety foundations and global governments.

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French automation company Schneider Electric’s popular ‘Masterpact’ circuit breaker is endowed with advanced features for protection against insulation faults, short circuits and overloads, as well as power uptime, even in the toughest environments. Recently, the company has introduced ‘Masterpact MTZ’, a future-ready circuit breaker suitable for an era driven by the Internet of Things (IoT).

Integrating the new EcoStruxure Power architecture, the advanced version provides smooth integration with building and energy management systems, along with providing smartphone connectivity, through an app, for wireless alerts and maintenance. Schneider’s commitment is certain to pave the way for other companies to follow suit, the impact of which is certain to be felt across the circuit breaker market.

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Enumerating on further efforts undertaken by industry contenders that have been driving the circuit breaker market, it is imperative to mention that the Swiss automation company, ABB has recently rolled out medium voltage circuit breaker ‘VD4G’. These circuit breakers are especially designed for generator applications, to reduce carbon footprint by over 30 percent and protect from up to 130 per cent higher DC components levels.

This technological development from ABB is aligned with environmental conservation, the ongoing trend that has been encouraging numerous companies to manufacture products adhering to eco-friendly standards. This is expected to eventually generate substantial demand for circuit breakers, as the awareness for reducing carbon footprint depicts a gradual upsurge.

Partial Table of Contents (ToC) of the report:

Chapter 5  Circuit Breaker Market, By Rated Voltage

5.1  Circuit breaker market share by rated voltage, 2017 & 2024

5.2  < 500 V

5.2.1  Global market from < 500 V, 2013 - 2024

5.2.2  Global market from < 500 V, by region, 2013 - 2024

5.3  500 V to 1 kV

5.3.1  Global market from 500 V to 1 kV, 2013 - 2024

5.3.2  Global market from 500 V to 1 kV, by region, 2013 - 2024

5.4  1 to 15 kV

5.4.1  Global market from 1 to 15 kV, 2013 - 2024

5.4.2  Global market from 1 to 15 kV, by region, 2013 - 2024

5.5  15 to 50 kV

5.5.1  Global market from 15 to 50 kV, 2013 - 2024

5.5.2  Global market from 15 to 50 kV, by region, 2013 - 2024

5.6  50 to 70 kV

5.6.1  Global market from 50 to 70 kV, 2013 - 2024

5.6.2  Global market from 50 to 70 kV, by region, 2013 - 2024

5.7  70 to 145 kV

5.7.1  Global market from 70 to 145 kV, 2013 - 2024

5.7.2  Global market from 70 to 145 kV, by region, 2013 - 2024

5.8  145 kV to 300 kV

5.8.1  Global market from 145 kV to 300 kV, 2013 - 2024

5.8.2  Global market from 145 kV to 300 kV, by region, 2013 - 2024

5.9  300 kV to 550 kV

5.9.1  Global market from 300 kV to 550 kV, 2013 - 2024

5.9.2  Global market from 300 kV to 550 kV, by region, 2013 - 2024

5.10   550 kV to 800 kV

5.10.1   Global market from 550 kV to 800 kV, 2013 - 2024

5.10.2   Global market from 550 kV to 800 kV, by region, 2013 - 2024

5.11   > 800 kV

5.11.1   Global market from > 800 kV, 2013 - 2024

5.11.2   Global market from > 800 kV, by region, 2013 - 2024

Browse complete table of content of this report @ https://www.decresearch.com/toc/detail/circuit-breakers-market

Powered by the incredible efforts adopted by pivotal industry players, it is evident that the circuit breaker market would depict a significant growth rate in the upcoming years. The competitive spectrum of circuit breaker market is quite diverse, comprising prominent companies such as Mersen S.A, L&T, BEL Fuse, TE Connectivity, Meidensha, Fuji Electric, Hubbell, Powell Industries, Crompton Greaves, Hitachi, Siemens, Toshiba and Mitsubishi. Aided by the ongoing trends of sustainability and energy optimization, the global circuit breaker market size is anticipated to exceed a valuation of USD 21 billion by the end of 2024.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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