CIRCUIT BREAKER AND FUSES MARKET ANALYSIS
The global circuit breaker and fuses market is estimated to be valued at US$ 17.7 billion in 2021 and is expected to exhibit a CAGR of 5.2% over the forecast period (2021-2028).
Market Trends
Key companies in the market are focused on research and development activities, in order to enhance the product portfolio and gain a competitive edge in the market. For instance, in March 2014, ABB Ltd launched SACE FORMULA, a complete range of low voltage circuit breakers, for the market in Malaysia. Furthermore, in August 2012, ABB Ltd. launched a new environment-friendly, carbon dioxide live tank high-voltage circuit breaker.
Major companies in the market are involved in strategic partnerships, in order to strengthen the market presence. For instance, in April 2013, Alstom partnered with Soyuz Holding S.A. to manufacture and distribute high voltage switch gears for modernizing the Russian electrical grid. This partnership deal includes manufacturing of 110-220 kV circuit breakers and an additional range up to 500kV.
Circuit Breaker And Fuses Market Report Snapshots
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