DALLAS, April 24, 2015 /PRNewswire/ --
The report "Circuit Breaker & Fuse Market by Application (Non-Residential/Residential, Electronic/Electrical, Transportation (Automotive/Non-Automotive), by Type (SF6, Vacuum, and others), by Voltage (HV, MV & LV), and by Region - Global Trends & Forecast to 2019", published by MarketsandMarkets, Circuit breakers and Fuse Market is estimated to reach $15,632.3 Million by 2019 at a CAGR of 6.8% from 2014 to 2019.
Browse 63 market data Tables and 48 Figures spread through 160 Pages and in-depth TOC on "Circuit Breaker & Fuse Market"
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Circuit breakers and fuses market is likely to grow reasonably in upcoming years. With the growth of western markets, the circuit breaker and fuse industry is projected to achieve a slower, yet stable growth. With a growing concern for safety in electronic, electrical, automotive, and telecommunication equipments, the need for advance fuses and circuit breakers has increased considerably. Developing economies in the Asia-Pacific region, including India, China, and Indonesia are expected to be the fastest growing markets. Circuit breakers and fuse market is estimated to reach $15,632.3 Million by 2019 at a CAGR of 6.8% from 2014 to 2019.
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The market has been estimated from demand side. This report breaks the market into smaller product segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 12 companies in the circuit breaker and fuse market. Analysis is also done on the changing regulatory environment and standards as the demands of electronically governed world increase.
The residential building construction segment will post the strongest gains in the circuit breakers market. This will be a considerable improvement from the declines registered during the 2007 to 2012 period. Market expansion will be the result of a major turnaround in residential construction activity taking place in the developing economies and replacement work taking place in developed economies of North America and Europe. The residential market will continue to be dominated by circuit breakers, as these products have replaced fuses in most single unit homes.
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