Global Low-Voltage Circuit Breakers Market - Overview
The global Low-Voltage
Circuit Breakers Market is
expected to exhibit a steady 4.54% CAGR over the forecast period from 2018 to
2023, according to the latest research report from Market Research Future
(MRFR). The global low-voltage circuit breakers market is expected to reach a
valuation of USD 1.6 billion by 2023, according to the report. The report
presents a detailed evaluation of the global low-voltage circuit breakers
market by analyzing the market’s historical and present growth trajectory to
provide estimates as to the market’s likely growth trajectory over the forecast
period.
Competitive Leader board:
Leading players in the
global low-voltage circuit breakers market include China People Electric
Appliance Group Shanghai Co. Ltd., Hager Group, Changshu Switchgear Mfg. Co.
Ltd., Fuji Electric FA Components & Systems Co. Ltd., Hyundai Electric
& Energy Systems Co. Ltd., CHINT Group, HangShen Electric, DELIXI, Shanghai
Liangxin Electrical Co. Ltd., Eaton Corporation, Siemens AG, Mitsubishi
Electric Corporation, Schneider Electric, and ABB Ltd.
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Accurate projections are
made for the market’s growth over the forecast period based on a detailed
analysis of the market’s historical growth trajectory. The report also examines
the global low-voltage circuit breakers market’s competitive landscape. Major
players in the global low-voltage circuit breakers market are profiled in the
report. The impact of the COVID-19 pandemic on the global low-voltage circuit
breakers market is also assessed in the report.
Industry Highlights
Low-voltage circuit
breakers protect electrical equipment by shutting down the equipment in case of
a power overload. By detecting faults caused by overload, low-voltage circuit
breakers interrupt the power flow and thus protect the electrical equipment
from damage. The increasing construction of infrastructure in emerging regions
in Asia Pacific, the Middle East, and Latin America is likely to be a major
driver for the global low-voltage circuit breakers market over the forecast
period. New construction taking place around the world at the moment usually
incorporates protection from overloads in the form of low-voltage circuit
breakers or other protective devices. This is necessitated by supportive
government regulations, which mandate the use of low-voltage circuit breakers
or similar equipment to protect the electrical equipment in buildings from
overloads. The growing government support to safety regulations is likely to be
a major driver for the global low-voltage circuit breakers market over the forecast
period. Growing urbanization in emerging regions has led to a growing need for
infrastructure in the urban areas. Growing urbanization in countries such as
China, India, South Korea, Brazil, and Mexico is thus likely to be a major
driver for the low-voltage circuit breakers market over the forecast period.
The increasing
incorporation of renewable energy sources into the power generation scenario in
a number of countries is likely to be a major driver for the global Low-Voltage
Circuit Breakers Industry over the forecast
period. Due to the intermittent nature of power generation through renewable
energy sources, protection against overloads is vital in renewable energy
infrastructure. The growing use of solar and wind power in developing as well
as developed economies across the world is likely to remain a major driver for
the global low-voltage circuit breakers market over the forecast period.
Segmentation:
The global low-voltage
circuit breakers market is segmented on the basis of type, application, and
region.
By type, the global
low-voltage circuit breakers market is segmented into miniature circuit
breaker, molded case circuit breaker, and air circuit breaker.
By application, the
global low-voltage circuit breakers market is segmented into energy allocation,
shut-off circuit, and others.
Regional Analysis:
Asia Pacific is likely to
be a major regional market for low-voltage circuit breakers over the forecast
period. In 2017, Asia Pacific accounted for a massive 44.25% of the global
low-voltage circuit breakers market. The growing residential, industrial, as
well as commercial construction in Asia Pacific is likely to be a major driver
for the low-voltage circuit breakers market over the forecast period. Growing
infrastructure construction in China, India, and other Southeast Asian
countries is also likely to be a major driver for the low-voltage circuit
breakers market over the forecast period.
Browse Low-Voltage Circuit Breakers Market
Research Report at: https://www.marketresearchfuture.com/reports/low-voltage-circuit-breakers-market-6927
List of Tables:
Table 1 Market Synopsis
Table 2 List Of
Assumptions
Table 3
Distributors/Traders List
Table 4 Manufacturing
Cost Structure Of Low-Voltage Circuit Breakers
Table 5 Global Low
Voltage Circuit Breaker Market Share, By Type, 2016-2023 (USD Million)
Table 6 Global Low
Voltage Circuit Breaker Market, By Application, 2016-2023 (USD Million)
Table 7 Global Low
Voltage Circuit Breaker Market, By Country, 2016-2023 (USD Million)
Table 8 North America:
Low Voltage Circuit Breaker Market, By Country, 2016-2023 (USD Million)
Continued…..
List of Figures
Figure 1 Global
Low-Voltage Circuit Breakers Market: Market Structure
Figure 2 Research Process
Of MRFR
Figure 3 Top-Down And
Bottom-Up Approaches
Figure 4 Forecast Model
Figure 5 Us Construction
Market, 2012–2017 (USD Million)
Figure 6 Growth Of Transmission
Lines In India, 2012–2018 (Circuit Km)
Figure 7 Us: Electric
Distribution System Costs For Major Utilities, 2011–2017 (USD Billion)
Figure 8 Driver Impact
Analysis
Figure 9 Restraint Impact
Analysis
Figure 10 Supply Chain:
Global Low-Voltage Circuit Breaker Market
Continued….
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