February 18, 2021 06:04 ET | Source: IMARC Group IMARC Group
New York, February 18, 2021 (GLOBE NEWSWIRE) - According to the latest report of the IMARC Group, the global circuit breaker market will reach 7.91 billion USD in 2020. Looking ahead, IMARC Group expects that the global circuit breaker market will show moderate growth in 2021-2026. Circuit breakers are carefully crafted automatic safety devices used to regulate the flow of current in the power system. They are used to prevent circuit damage due to current supply fluctuations and overloads. They interrupt the current when an irregular power supply is detected by opening or closing the circuit. Unlike a fuse, a circuit breaker can be reset after a power interruption to restore its normal operation. There are many sizes to choose from, small variants are used to protect low-current circuits, and larger switchgears are used to protect high-voltage circuits. They are an important part of the safety mechanisms adopted by the construction, transportation, residential, and locomotive sectors to minimize potential fire hazards caused by wiring problems and equipment failures.
We will regularly track the direct impact of COVID-19 on the market and the indirect impact of related industries. These opinions will be included in the report. Click here to learn about the short-term and long-term impact of COVID-19 on the market.
To learn more about this market, please visit: https://www.imarcgroup.com/circuit-breaker-market
Global circuit breaker market trends:
The main driving force of the market is the increasing demand for upgrading the global power transmission network. The ever-growing global population and rapid urbanization have led to an increase in power consumption rates and an ever-increasing demand for uninterrupted power. At the same time, some governments are investing heavily in expanding their existing power generation capacity to meet the electricity demand in urban and rural areas. They also promote the transformation of aging grid infrastructure by installing energy-saving systems and smart grids to promote complex power flow and improve reliability.
Since circuit breakers are an important part of the grid infrastructure, this provides impetus for market growth. The residential sector is increasingly using circuit breakers instead of fuses, which has further promoted the development of the market. This can be attributed to the higher efficiency provided by these safety devices during periods of high voltage fluctuations. In addition, the continued demand for operational safety in the energy sector and the rapid expansion of the power sector are becoming another major growth inducing factor.
Request customization: https://www.imarcgroup.com/request?type=report&id=1091&flag=E
have any doubt? Talk to the analyst at https://www.imarcgroup.com/request?type=report&id=1091&flag=C
The report analyzes the competitive landscape of the market and introduces the main players in detail. Some of these participants include ABB Group, Alstom SA, Eaton Corporation, General Electric Company, Mitsubishi Electric Products Company, Schneider Electric, Siemens AG, Camsco Electric Co. Ltd., G&W Electric Co., Kirloskar Electric Co.. Ltd., Larsen & Toubro Limited, Powell Industries Inc., SCHURTER Holding AG, Sensata Technologies Inc. and Toshiba Corporation.
1 Foreword 2 Scope and methodology 2.1 Research objectives 2.2 Stakeholders 2.3 Data sources 2.3.1 Main sources 2.3.2 Secondary sources 2.4 Market estimation 2.4.1 Bottom-up approach 2.4.2 Top-down approach 2.5 Forecast Method 4 3 Executive Summary Introduction 4.1 Overview 4.2 Major Industry Trends 5 Global Circuit Breaker Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Segmentation by Product Type 5.5 Market Segmentation by Voltage 5.6 Segmentation by Technology 5.7 Market Segmentation by End Use 5.8 Market Segmentation by Region 5.9 Market Forecast 5.10 SWOT Analysis
Hybrid solution market size, share, industry analysis by system type (solar-diesel, wind-diesel, solar-wind-diesel, others), by rated power (up to 10 kW, 11 kW-100 kW, 100 kW or more) ), end users (residential, commercial) and regional forecasts, 2021-2026
Green mining market size, share, industry analysis and regional forecast by mining type (surface, underground), technology (reduction of electricity, reduction of fuel and maintenance, reduction of toxicity, reduction of emissions, reduction of water and others), 2021-2026
Connected mining market size, share, industry analysis by component (equipment, software, service), equipment segment by type (automatic mining excavator, loading conveyor, drilling rig and crusher, others), software by type And service segmentation (data/operation/asset management and security software, support and maintenance services, system integration and deployment services, others), classification by mining type (open-pit mining, underground mining), classification by solution type (connected assets and Logistics solutions, interconnected control solutions, interconnected security and security solutions, remote management solutions, others) and regional forecasts, 2021-2026
Ozone generator market size, share, technical industry analysis (ultraviolet generator, cold plasma generator, corona discharge generator, electrolysis generator), segmented by application (drinking water treatment, industrial water treatment, air treatment, experiment Room and medical, aquaculture, others), breakdown by end use (municipal, industrial, commercial, residential) and regional forecast, 2021-2026
IMARC Group is a leading market research company that provides management strategy and market research on a global scale. We work with customers in all industries and regions to identify their most valuable opportunities, respond to their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are the company's top expertise.
Syndicated Analytics is a subsidiary of IMARC Group, providing consulting services and providing comprehensive market intelligence in the form of research reports, production cost reports and feasibility studies.
Read the press release: Rising power generation capacity drives the growth of the global circuit breaker market