is a mechanical device used to open/close a circuit by self-operated means. It helps in protection of the device/equipment by automatically opening a circuit at a pre-assumed overload current within its rating. On the other hand, a fuse is an electrical component utilized to prevent the passage of the overload current from itself. Thus, circuit breaker is a technologically advanced solution for circuit protection.
Circuit breaker is an electrical switching device used on T&D networks for safety of the devices and equipment. Rising grid investments globally to replace ageing grids in order to upgrade to new efficient networks coupled with the need for effective load management are factors bolstering the global circuit breaker market. In addition, rising efforts to provide renewable energy connectivity to existing grids is further driving the circuit breakers market. Over the years, fuses are being replaced by circuit and the trend is expected to continue. However, fuses market possesses a slight threat to the circuit breaker market owing to its cost advantage and a few operational benefits.
The global circuit breaker market is classified into applications as follows:
- Automotive Transportation Equipment
- Residential Building Construction
- Non-Automotive Transportation Equipment
- Electronics & Electrical Equipment
- Non-Residential Building Construction.
The global circuit breaker market is segmented into voltage level as follows:
- Low Voltage Circuit Breaker
- Medium Voltage Circuit Breaker
- High Voltage Circuit Breaker.
The global circuit breaker market is classified into type as follows:
- SF6 Circuit Breaker
- Vacuum Circuit Breaker
The global circuit breaker market is further bifurcated on the basis of end-users into:
Lastly, the global circuit breaker market is segmented by regions into North America, Asia Pacific (APAC), Europe and Rest of the World (RoW). The global circuit breaker market is expected to grow significantly across North America and Europe, owing to their rapidly expanding manufacturing bases and thriving economies. With a rising concern for safety in electrical, electronic, electrical, telecommunication equipment and automotive, the demand for advance circuit breakers and fuses is analyzed to grow exponentially. Developing economies in Asia Pacific, such as India, and China, are expected to be one of the biggest circuit breaker markets in the near future.
Some of the prominent players operating in the global circuit breaker market are:
- ABB Ltd. (Switzerland)
- Mitsubishi Electric Corporation (Japan)
- BEL Fuse Inc. (U.S.)
- Schneider Electric SE (France)
- Mersen S.A. (France) among others.