Market Overview:
The global fuses and circuit breakers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and rising awareness about safety measures. In terms of type, the fuse segment is expected to dominate the market during the forecast period owing to its low cost and easy installation. However, with technological advancements, circuit breakers are becoming more popular as they provide better protection against short circuits and overcurrents than fuses. In terms of application, commercial use is expected to grow at a higher rate than home use during the forecast period owing to increased spending on infrastructure development projects across regions.
Product Definition:
A fuse is a device in an electrical circuit that protects against excess current. A fuse is connected in series with the load and opens if the current exceeds a safe level. Circuit breakers are similar to fuses, but they can be reset after they open. They are also usually connected in parallel with the loads. Fuses and circuit breakers protect against fire by preventing too much current from flowing through a wire.
Fuses:
Fuses are used to interrupt the flow of electric current in case of abnormal conditions. It does not allow the current to pass from one circuit to another circuit. The main function of a fuse is protect the device or equipment from damage due to short circuits, overloading and overloads, and overheating. Fuse means “protection device” in Latin language; it is also known as blown fuse” or “fused wire” in electronics industry.
Circuit Breakers:
Circuit breakers are used to protect electrical devices from abnormal current flow. They have three terminals: anode, cathode, and middle terminal. The anode is the positive terminal and it has a larger surface area compared to the other two terminals; it is also called as “ BREAKER ANODE ” or sometimes just “anode”.
Application Insights:
The commercial use segment dominated the global market with a revenue share of over 60% in 2017. The growth can be attributed to the growing infrastructural development across regions coupled with an increase in industrialization. Moreover, increasing number of power distribution stations and rising demand for electrical equipment are further expected to drive the product demand from commercial applications.
The home use segment is projected register a CAGR of XX% from 2018 to 2030 owing to increased usage of electricity at homes as well as offices, which has resulted in increased product adoption globally. Furthermore, fuse and circuit breakers are used at homes for protection against electric shocks caused by tripping over electrical wires or circuits; this factor is anticipated to fuel industry expansion over the forecast period globally.
Increasing urbanization along with technological developments such as smart meters.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are rapidly expanding their power infrastructure as well as adopting new technologies across various sectors including transportation and energy. This has led to a significant increase in demand for fuses & circuit breakers across this region over the past few years.
The Asia Pacific was followed by Europe which accounted for just above 20% of the total revenue share in 2017 owing to high consumer awareness regarding electricity safety standards coupled with growing demand from commercial sector for protection against electrical hazards caused by lightning strikes or other causes such as short-circuiting etc.
Growth Factors:
- Increasing demand from the automotive and electrical industries
- Growing investments in infrastructure development
- Rising concerns over energy conservation and safety
- Proliferation of smart grids and renewable energy sources
- Technological advancements in fuse and circuit breaker products
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuses and Circuit Breakers Market Research Report
By Type
Fuses, Circuit Breakers
By Application
Home Use, Commercial Use
By Companies
Eaton, Siemens, Mersen, General Electric, Mitsubishi Electric Corporation, ABB, Schneider Electric, Hager, Hitachi, Fuji Electric, Eaton, HYUNDAI, Sensata Technologies, SCHURTER, Carling Technologies, Littelfuse, CHINT Electrics, Shanghai Renmin, Changshu Switchgear, Liangxin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Fuses and Circuit Breakers Market Report Segments:
The global Fuses and Circuit Breakers market is segmented on the basis of:
Types
Fuses, Circuit Breakers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Siemens
- Mersen
- General Electric
- Mitsubishi Electric Corporation
- ABB
- Schneider Electric
- Hager
- Hitachi
- Fuji Electric
- Eaton
- HYUNDAI
- Sensata Technologies
- SCHURTER
- Carling Technologies
- Littelfuse
- CHINT Electrics
- Shanghai Renmin
- Changshu Switchgear
- Liangxin
Highlights of The Fuses and Circuit Breakers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fuses
- Circuit Breakers
- By Application:
- Home Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuses and Circuit Breakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuses and circuit breakers are devices that protect electrical equipment from overloads or short circuits. When an overload or short circuit occurs, the fuse or breaker will open and interrupt the flow of electricity to the affected part of the electrical system.
Some of the key players operating in the fuses and circuit breakers market are Eaton, Siemens, Mersen, General Electric, Mitsubishi Electric Corporation, ABB, Schneider Electric, Hager, Hitachi, Fuji Electric, Eaton, HYUNDAI, Sensata Technologies, SCHURTER, Carling Technologies, Littelfuse, CHINT Electrics, Shanghai Renmin, Changshu Switchgear, Liangxin.
The fuses and circuit breakers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fuses and Circuit Breakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fuses and Circuit Breakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuses and Circuit Breakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fuses and Circuit Breakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fuses and Circuit Breakers Market Size & Forecast, 2018-2028
4.5.1 Fuses and Circuit Breakers Market Size and Y-o-Y Growth
4.5.2 Fuses and Circuit Breakers Market Absolute $ Opportunity
Chapter 5 Global Fuses and Circuit Breakers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fuses and Circuit Breakers Market Size Forecast by Type
5.2.1 Fuses
5.2.2 Circuit Breakers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fuses and Circuit Breakers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fuses and Circuit Breakers Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fuses and Circuit Breakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fuses and Circuit Breakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fuses and Circuit Breakers Analysis and Forecast
9.1 Introduction
9.2 North America Fuses and Circuit Breakers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fuses and Circuit Breakers Market Size Forecast by Type
9.6.1 Fuses
9.6.2 Circuit Breakers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fuses and Circuit Breakers Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fuses and Circuit Breakers Analysis and Forecast
10.1 Introduction
10.2 Europe Fuses and Circuit Breakers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fuses and Circuit Breakers Market Size Forecast by Type
10.6.1 Fuses
10.6.2 Circuit Breakers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fuses and Circuit Breakers Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fuses and Circuit Breakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuses and Circuit Breakers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fuses and Circuit Breakers Market Size Forecast by Type
11.6.1 Fuses
11.6.2 Circuit Breakers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fuses and Circuit Breakers Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fuses and Circuit Breakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuses and Circuit Breakers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fuses and Circuit Breakers Market Size Forecast by Type
12.6.1 Fuses
12.6.2 Circuit Breakers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fuses and Circuit Breakers Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fuses and Circuit Breakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuses and Circuit Breakers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fuses and Circuit Breakers Market Size Forecast by Type
13.6.1 Fuses
13.6.2 Circuit Breakers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fuses and Circuit Breakers Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fuses and Circuit Breakers Market: Competitive Dashboard
14.2 Global Fuses and Circuit Breakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Siemens
14.3.3 Mersen
14.3.4 General Electric
14.3.5 Mitsubishi Electric Corporation
14.3.6 ABB
14.3.7 Schneider Electric
14.3.8 Hager
14.3.9 Hitachi
14.3.10 Fuji Electric
14.3.11 Eaton
14.3.12 HYUNDAI
14.3.13 Sensata Technologies
14.3.14 SCHURTER
14.3.15 Carling Technologies
14.3.16 Littelfuse
14.3.17 CHINT Electrics
14.3.18 Shanghai Renmin
14.3.19 Changshu Switchgear
14.3.20 Liangxin
