CIRCUIT BREAKER AND FUSES MARKET ANALYSIS

Circuit Breaker and Fuses Market, By Type (Circuit breakers, Fuses), By Circuit Breakers Voltage level of Installation (Low voltage, Medium voltage, High voltage), By Arch Quenching Media Type (Air circuit breakers, Vacuum circuit breakers, Oil circuit breakers, SF6 circuit breakers, Others (CO2, hybrid, DCB, so on)), By Fuse Voltage level of Installation (Low voltage fuses, High voltage fuses), By Fuse Type (Plug-in fuses, Cartridge fuses), By Applications (Construction, Transport, Industrial, Consumer Electronics, Power generation, Others (healthcare, military, so on)), By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Recent Developments:

In September 2020, Siemens launched the type SDV-R non-arc-resistant and type SDV-R-AR arc-resistant medium-voltage outdoor distribution circuit breakers that are designed for renewable energy applications, such as wind power generation.
In January 2020, Siemens acquired C&S Electric, a manufacturer of electrical and electronic equipment, to cater to the growing need for electrification products.
In September 2020, Eaton Cummins Automated Transmission Technologies announced the expansion of the Endurant Automated Transmission lineup with the launch of the Endurant XD series. The series is high-performance automated transmissions designed for on-highway applications, such as double and triple trailer trucks, and severe-duty on/off highway applications like dump and logging trucks.

Figure 2. Global Circuit Breaker and Fuses Market Share, By Circuit breakers, 2020

Key Takeaways of the Graph:

The Low voltage held dominant position in the market and accounted for 38.47% share in the global circuit breaker and fuses market in 2020. The segment is expected to reach US$ 7.83 billion in 2028, owing to owing to provide short circuit protection and overload protection.
In 2020, the Cartridge fuses accounted for the largest share of 52.48% in the global circuit breaker and fuses market and is expected to be valued at US$ 1.63 billion by 2028. This is owing to provide short circuit protection and overload protection.