Market News
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
![](/images/research-%20methodology/507786global-circuit-breaker-and-fuses-market-fig-2.png)
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.