Low-Voltage Circuit Breakers Market – Industry Challenges, Key Vendors, Drivers,

Posted by Komal Boudhh on June 1st, 2021

The global low-voltage circuit breakers market is expected to exhibit a steady 4.54% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global low-voltage circuit breakers market is expected to reach a valuation of USD 1.6 billion by 2023, according to the report. The report presents a detailed evaluation of the global low-voltage circuit breakers market by analyzing the market’s historical and present growth trajectory to provide estimates as to the market’s likely growth trajectory over the forecast period. Accurate projections are made for the market’s growth over the forecast period based on a detailed analysis of the market’s historical growth trajectory. The report also examines the global low-voltage circuit breakers market’s competitive landscape. Major players in the global low-voltage circuit breakers market are profiled in the report. The impact of the COVID-19 pandemic on the global low-voltage circuit breakers market is also assessed in the report. 

Low-voltage circuit breakers protect electrical equipment by shutting down the equipment in case of a power overload. By detecting faults caused by overload, low-voltage circuit breakers interrupt the power flow and thus protect the electrical equipment from damage. The increasing construction of infrastructure in emerging regions in Asia Pacific, the Middle East, and Latin America is likely to be a major driver for the global low-voltage circuit breakers market over the forecast period. New construction taking place around the world at the moment usually incorporates protection from overloads in the form of low-voltage circuit breakers or other protective devices. This is necessitated by supportive government regulations, which mandate the use of low-voltage circuit breakers or similar equipment to protect the electrical equipment in buildings from overloads. The growing government support to safety regulations is likely to be a major driver for the global low-voltage circuit breakers market over the forecast period. Growing urbanization in emerging regions has led to a growing need for infrastructure in the urban areas. Growing urbanization in countries such as China, India, South Korea, Brazil, and Mexico is thus likely to be a major driver for the low-voltage circuit breakers market over the forecast period. 

The increasing incorporation of renewable energy sources into the power generation scenario in a number of countries is likely to be a major driver for the global low-voltage circuit breakers market over the forecast period. Due to the intermittent nature of power generation through renewable energy sources, protection against overloads is vital in renewable energy infrastructure. The growing use of solar and wind power in developing as well as developed economies across the world is likely to remain a major driver for the global low-voltage circuit breakers market over the forecast period. 

Regional Analysis:

Asia Pacific is likely to be a major regional market for low-voltage circuit breakers over the forecast period. In 2017, Asia Pacific accounted for a massive 44.25% of the global low-voltage circuit breakers market. The growing residential, industrial, as well as commercial construction in Asia Pacific is likely to be a major driver for the low-voltage circuit breakers market over the forecast period. Growing infrastructure construction in China, India, and other Southeast Asian countries is also likely to be a major driver for the low-voltage circuit breakers market over the forecast period. 

Competitive Leaderboard:

Leading players in the global low-voltage circuit breakers market include China People Electric Appliance Group Shanghai Co. Ltd., Hager Group, Changshu Switchgear Mfg. Co. Ltd., Fuji Electric FA Components & Systems Co. Ltd., Hyundai Electric & Energy Systems Co. Ltd., CHINT Group, HangShen Electric, DELIXI, Shanghai Liangxin Electrical Co. Ltd., Eaton Corporation, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric, and ABB Ltd. 

Segmentation:

The global low-voltage circuit breakers market is segmented on the basis of type, application, and region. 

By type, the global low-voltage circuit breakers market is segmented into miniature circuit breaker, molded case circuit breaker, and air circuit breaker. 

By application, the global low-voltage circuit breakers market is segmented into energy allocation, shut-off circuit, and others. 

Browse Complete Details @ https://www.marketresearchfuture.com/reports/low-voltage-circuit-breakers-market-6927

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

Our Forte 

  • Strong industry focus

  • Robust methodology

  • Tailor-made solutions

  • Disruptive research

  • Cutting-edge detailed reports

  • Competitive pricing

  • Domain expert researchers

  • Timely delivery

  • Ground-breaking approach

  • Advanced and transparent research methodology

  • Cover latest trends and innovations 

Contact Us:

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Like it? Share it!


Komal Boudhh

About the Author

Komal Boudhh
Joined: July 17th, 2020
Articles Posted: 121

More by this author