Lewes, DE -- (SBWIRE) -- 02/05/2019 -- Global Circuit Breaker market will register a 4.9% CAGR in terms of revenue, reach US$ 8810 million by 2023, from US$ 6630 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Circuit Breaker market for 2018-2023.

A circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by excess current from an overload or short circuit. Circuit breakers may also be used in the event of pre-existing damage to electrical systems. Its basic function is to interrupt current flow after a fault is detected. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset (either manually or automatically) to resume normal operation.

The market in Asia Pacific led the global circuit breaker market in 2017. The circuit breaker market has been analyzed with respect to 5 regions namely Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific is currently the largest for circuit breakers followed by the North American market. Rising investments in construction and developmental activities and increasing electricity demand are driving the circuit breaker market in Asia Pacific.

Over the next five years, study projects that Circuit Breaker will register a 4.9% CAGR in terms of revenue, reach US$ 8810 million by 2023, from US$ 6630 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Circuit Breaker market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Medium Voltage: Live Tank and Dead Tank
High Voltage: Live Tank and Dead Tank
Segmentation by application:
Transmission and Distribution
Renewable
Power Generation
Railways

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB (Switzerland)
Schneider Electric (France)
Eaton (Ireland)
Siemens (Germany)
Larsen & Toubro (India)
Hitachi (Japan)
CG Power (India)
Efacec (Portugal)
Mitsubishi (Japan)
Toshiba (Japan)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Circuit Breaker consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Circuit Breaker market by identifying its various subsegments.
Focuses on the key global Circuit Breaker manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Circuit Breaker with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Circuit Breaker submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 133 pages "Forecast of Global Circuit Breaker Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Circuit Breaker by Players, Circuit Breaker by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Circuit Breaker Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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