Sustained Demand from the Energy End-Use Sector Drives the Global Market for Fuses and Circuit Breakers, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 09, 2015 -- Follow us on LinkedIn – The growing prominence of power systems management and engineering, against a backdrop of increased use of electronic devices, is driving demand for fuses and circuit breakers. As sophisticated power protection devices, fuses and circuit breakers play instrumental roles in managing electrical loads. These devices assume critical importance in protecting electrical and electronic equipment from unexpected power fluctuations resulting from overvoltages, overload, ground faults and short circuits. Increasing focus on efficient power transmission and distribution is the principal factor driving demand for fuses and circuit breakers in electric utility applications. Emerging economies, which are currently at the forefront of establishing new energy infrastructure, are especially poised to spur growth. Manufacturers seeking emerging market exposure are increasingly looking beyond the BRICs. As BRIC countries slowdown highlighting the popping of the BRIC bubble, non-BRIC emerging markets are poised to turbo-charge opportunities in the energy end-use sector. These emerging countries, for instance, require huge amounts of energy to power economic growth and the rapid industrialization underway.
The market, over the past decade, has largely benefited from the robust sales of electronic and electric equipment all of which warrant the use of protection devices such as fuses and circuit breakers. Increased replacement of mechanical and electro-mechanical devices with electronic equipment in the manufacturing and industrial sectors is also expected to drive gains in the market. Urbanization and the ensuing rapid expansion in commercial building and residential units will also spur demand for fuses and circuit breakers. Environmental regulations mandating the need for more efficient power distribution and transmission equipment will further drive demand for fuses and circuit breakers in electric utility applications. Proliferation of IT technologies will drive increased need for power management in computer systems and server farms thus bringing in new opportunities for growth.
Electronics form a core part of modern automobiles with every sub-system electronically controlled, right from electronic power steering, four-wheel steering systems, anti-lock braking systems, climate control systems, occupant restraint airbag systems, power seat modules, door control, light controls, car security systems like engine immobilization, and keyless remote entry. With electronics becoming an indispensable part of automobile design and engineering, wiring of electrical components is now more common thus providing widespread opportunities for the use of fuses and circuit breakers to protect the electrical components of the automobile.
As stated by the new market research report on Fuses and Circuit Breakers, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing regional market driven by sustained demand from key end-use industries in emerging Asian economies. Circuit Breakers represents the largest as well as the fastest growing market with growth projected to wax at a CAGR of 6.6% over the analysis period.
Major players in the global marketplace include ABB Limited, Alstom S.A, Automation Systems Interconnect, AVX Corporation, Bel Fuse Inc., Bentek Inc., Bourns Inc., Carling Technologies Inc., Eaton Corporation, EPCOS AG, E-T-A Elektrotechnische Apparate GmbH, Fuji Electric FA Components & Systems Co., Ltd., General Electric Company, Hitachi Ltd., Legrand S.A, Littelfuse Inc., Mersen SA, Mitsubishi Electric Corporation, Schneider Electric SA, SCHURTER AG, Sensata Technologies Inc., Siemens AG, TE Connectivity Ltd., and Vicor Corporation among others.
The research report titled “Fuses and Circuit Breakers: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed in the report include Fuses and Circuit Breakers.
For more details about this comprehensive market research report, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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