Circuit Breaker Market Growth Steady at 4.85% CAGR to 2022 | ReportsnReports

PUNE, India, January 11, 2018 /PRNewswire/ --

Circuit Breaker Market is forecast to reach $8.68 billion by 2022 from $6.85 billion in 2017 at a CAGR of 4.85% during (2017-2022) driven by the increasing construction and developmental activities, growing access to electricity in developing countries, and the rising number of renewable power generation projects; while transmission and distribution segment is expected to hold the largest share of the market by end-user.

Browse 70 Market Data Tables and 40 Figures spread through 142 Pages and in-depth TOC on "Circuit Breaker Market by Voltage (Medium Voltage, and High Voltage Circuit Breakers), End-User (Transmission & Distribution, Renewable, Power Generation, and Railways), Type (Outdoor, and Indoor), and Region - Global Forecast to 2022" http://www.reportsnreports.com/reports/268113-circuit-breaker-fuse-market-by-type-high-medium-low-voltage-application-non-residential-residential-construction-electronic-electrical-equipment-transportation-equipment-automotive-non-automotive-geography-global-trends-forecast-to-2018.html .

The key players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

The market in Asia Pacific led the global circuit breaker market in 2016. The circuit breaker market has been analyzed with respect to 5 regions namely Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific is currently the largest for circuit breakers followed by the North American market. Rising investments in construction and developmental activities and increasing electricity demand are driving the circuit breaker market in Asia Pacific.

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The report identifies and addresses key markets for circuit breakers, which would help manufacturers review the growth in demand. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.