Circuit breaker are vital part partof power protection industry. Circuit breakersplaysa significant part in electric power transmission and distribution. The circuit breaker market is expected to grow to an estimated $ 6.85 trillion in 2017 to $ 8.68 trillion by 2022, at a CAGR of 4.85%, from 2017 to 2022. The global market is set to witness significant growthdue Increasing construction and development activities, growing access to electricity, and increasing power generation projects.
Browse 70 market data Tables and 40 Figures spread through 142 Pages and in-depth TOC on „Circuit Breaker Market“
https://www.marketsandmarkets.com/Market-Reports/circuit-breaker-and-fuse-market-1237.html
During the forecast period the transmission and distribution segment is expected to hold the largest share of the circuit breaker market.
The transmission and distribution end-user segment is the circuit breaker market in 2016 and is projected to dominate the market during the forecast period. The renewable segment is expected to grow at the fastest rate during the forecast period.
The growth of the transmission and distribution segment is driven by increasing investments in sub-station automation, modernization of electric grids, and smart utilities. This would improve protection by decreasing energy losses caused by the poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the circuit breaker market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1237
Asia Pacific: the leading market for circuit breakers
In this report, the circuit breaker market has been Analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market inasia Pacific is the global circuit breaker market in 2016. Increasing grid investments especially in developing economies such as China and India and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the circuit breaker market in asiaPacific. Indonesia aims to achieve a 90% electrification rate by 2025 and countries as the Philippines and Malaysia have similar plans. Growing investments in smart grid technologies such as distribution grid automation, smart meters, and demand response systems in Japan, South Korea, and Australia, among other countries, would create opportunities for the circuit breaker market inasia Pacific.
Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1237
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the circuit breaker market. The key players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan).
About MarketsandMarkets ™
MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth opportunities / threats 70% to 80% of worldwide companies‘ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight markets worldwide approach MarketsandMarkets ™ for theirpain points around
Our 850 fulltime analyst and SMEs at MarketsandMarkets ™ are following the „Growth Engagement Model – GEM“. The GEM aims to identify new opportunities, identify the most important customers, write attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets ™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets ™ is going to spend more than 10,000 companies this year for their revenue planning and help them make their innovations / disruptions early to the market.
MarketsandMarkets flagship competitive intelligence and market research platform, „RT“ connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets ™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA :1-888-600-6441
sales@marketsandmarkets.com