Analysis of Global Circuit Breaker Market Development

According to the latest market report of the world's leading market research firm Transparency Market Research, the global market analysis, scale, growth, trend and forecast of the circuit breaker and fuse market 2013-2019, the market value in 2012 was US$11.16 billion (approximately RMB694.3). Billion), it is expected to reach US$15.9 billion (approximately RMB 98.92 billion) by 2019 and increase at a compound annual growth rate of 5.2% between 2013-2019. Lack of adequate power infrastructure and increasing demand for reliable power transmission are the main drivers of market development.

Most electronic devices and devices cannot distinguish between normal load and overload. Therefore, the electronic device will continue to introduce current until it is burned. Circuit breakers and fuses are important protection devices that protect by limiting and minimizing faults. However, the choice of fuses or circuit breakers is determined by space, maintenance, environmental restrictions and users.

In 2012, global circuit breakers accounted for most of the market share, exceeding the fuse market. This is due to the emergence of smart grids and governments around the world to propose new management to improve energy efficiency. According to the voltage type, low-voltage circuit breakers account for a higher market share than medium-voltage circuit breakers and high-voltage circuit breakers because of cost competitiveness.

Geographically, in 2012, North America dominated the circuit breaker and fuse market. This is due to the strict laws and regulations requiring the replacement of the old power infrastructure. Emerging economies in the Asia Pacific region, such as South Korea, Taiwan, India, China and Japan, are expected to become the fastest growing regions in the circuit breaker and fuse market. This development is mainly driven by rapid urbanization, expansion of power generation and transmission industries, and construction and transportation industries.

The global breaker and fuse market contains many small-scale and large-scale participants. In 2012, GE occupied the largest share of the market. Other major companies are ABB Group, Alstom, Eaton Electric Group, Maxwell Technology, Mitsubishi Electric, Pennsylvania Circuit Breaker, Schneider Electric, Siemens, and Toshiba Group.