As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.

Dublin, December 7, 2021--(Business Wire)--The "Fuses and Circuit Breakers-Global Market Track and Analysis" report has been added to ResearchAndMarkets.com's products.

During the COVID-19 crisis, the global market for fuses and circuit breakers in 2020 is estimated at US$16.8 billion, and is expected to reach a revised US$23.8 billion by 2027, growing at a CAGR of 5.2% during 2020-2027 .

Circuit breakers are one of the market segments analyzed in the report. It is estimated that by the end of the analysis period, the compound annual growth rate will reach 5.4%, reaching 18.2 billion US dollars. After an early analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the fuse division was re-adjusted to a revised 4.5% compound annual growth rate over the next 7 years.

The US market is estimated to be US$4.5 billion, while China is expected to grow at a compound annual growth rate of 8%

The U.S. fuse and circuit breaker market is estimated at 4.5 billion U.S. dollars in 2020. China is the second largest economy in the world. It is estimated that the market size will reach 4.9 billion US dollars by 2027, with a compound annual growth rate of 7.9% during the analysis period from 2020 to 2027.

Other notable geographic markets include Japan and Canada, which are expected to grow by 2.8% and 4.7% respectively during the period 2020-2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 3.2%.

Fuji Electric FA Components & Systems Co., Ltd.

Hitachi Industrial Equipment System Co., Ltd.

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Assess the impact of recent economic turmoil on the fuse and circuit breaker market

Growth momentum has improved in 2015 and beyond

The impact of Covid-19 and the imminent global recession

The circuit breaker is still the dominant part

Vacuum circuit breaker success

Automatic recloser circuit breaker gains a prominent position

Optimistic prospects for molded case circuit breakers

Low cost and simple design help the fuse stay strong

High-power fuse: ready to go

Manufacturers focus on adding overcurrent protection components to the fuse

The strong demand for switchgear heralds the market

Upgrade outdated systems to stimulate demand for switchgear

The industry develops in step with the growth of OEMs

The high costs associated with equipment downtime have prompted the deployment of fuses and circuit breakers

Increasing power demand has a positive impact on the fuse and circuit breaker market

Spiral energy consumption and equally robust electricity production: the business case for high-voltage circuit breakers

Power companies push fuses to cut the market

Increase in construction activity heralds market growth

Infrastructure and construction activities boost the MCCB market

The increasing popularity of automotive electronics and the increase in automotive production have driven the demand for fuses and circuit breakers

For more information about this report, please visit https://www.researchandmarkets.com/r/78e31n

View the source version on businesswire.com: https://www.businesswire.com/news/home/20211207005541/en/

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900

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