Allied Market Research published a new report, titled, “Circuit Breaker Market.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The growth of end-use industries including power, oil & gas, mining, chemicals, pulp & paper, and others and involvement of domestic governments, non-profit organizations, and international financial institutions have increased the growth of the global circuit breakers market. However, greenhouse gas emission from the SF6 circuit breaker hinders the market growth. On the contrary, surge in consumption of electricity and rise in use of circuit breakers in energy-related areas would open new opportunities in the future.
Significant development of the end-use industries, such as oil & gas, power, mining, chemicals, pulp & paper, and others fuels the demand for circuit breakers, which in turn is expected to fuel the growth of the circuit breakers market. In addition, involvement of domestic governments, non-profit organizations, and international financial institutions, such as the World Bank in the development of electricity access rate majorly influences the adoption of circuit breaker at the global level. In addition, increase in the consumption of electricity fuels the demand for circuit breakers, thereby propelling the growth of the market. Circuit breakers are used in energy-related areas to define the sensitivity of high residual current to provide optimum protection. On the contrary, greenhouse gas emission from the SF6 circuit breaker hampers the growth of the global market. Therefore, this market is leading toward growth stabilization and stable demand for circuit breakers.
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The research offers a detailed segmentation of the global Circuit Breaker market. Key segments analyzed in the research include Voltage, Installation and End user and geography. Extensive analysis of sales, revenue, growth rate, and market share of each segment, and geography for the historic period and the forecast period is offered with the help of tables.
Based on region, North America is expected to grow at the highest CAGR of 6.1% during the forecast period. On the other hand, the Asia-Pacific accounted for the highest market share, contributing to nearly two-fifths of the total share in 2018, and will maintain its dominant position during the forecast period. The report also discusses regions including Europe and LAMEA.
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The market player positioning segment provides an understanding of the current position of the market players active in the Circuit Breaker industry.
The research offers an extensive analysis of key players active in the global Circuit Breaker industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include ABB, Ltd., Alstom, Eaton Corporation Plc, Furukawa Group, Kirloskar Electric, Powell Industries, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, and Toshiba Corporation. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Covid-19 scenario:
- The Covid-19 pandemic resulted in shutdown of several industrial operations including manufacturing, construction, renewable energy, and other infrastructure installations.
- In addition, ban on international import & export and manufacturing activities decreased the demand for circuit breakers from consumers.
- Unavailability of workers and surge in demand-supply gap hampered the circuit breaker market.
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