The Global Circuit Breaker Fuse and Relay Market 2016-2020 is a new research report added to SandlerResearch.org. Smart grids have a significant impact on the global energy economy, especially in terms of energy distribution. They enable the integration of distributed energy resources (DER) such as power from renewable energy sources, and help utilities adapt to demand patterns. Smart grids therefore form an integral part of a sustainable, participatory, decentralized, safe, and secure energy generation system.
Complete report on circuit breaker, fuse, and relay market spread across 71 pages, analyzing 4 major companies and provides 26 data exhibits is now available at http://www.sandlerresearch.org/global-circuit-breaker-fuse-and-relay-market-2016-2020.html .
The analysts forecast global circuit breaker, fuse, and relay market to grow at a CAGR of 6.66% during the period 2016-2020. According to the report, the growing use of renewable energy, such as wind, solar, geothermal, and hydropower, is likely to drive the market for circuit breakers, protective relays, and fuses in the Americas, China, India, and the GCC countries during the forecast period.
According to circuit breaker, fuse, and relay market research report, the circuit breaker product segment will account for an impressive market share of more than 46% by 2020. Factors such as the growing demand for electricity and the expansion of T&D networks will aid in the growth of this market segment during the forecast period. Furthermore, with the rising demand for alternative electrical transmission systems, the market for circuit breakers will have a positive outlook until the end of the forecast period.
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During 2015, APAC was the largest market for circuit breakers, fuses, and relays, and is anticipated to retain its market position until 2020 owing to incremental investments in the power infrastructure. In APAC, the recent growth of the automotive and construction industries will also aid in the growth of this market over the next few years. Comprehensive market research carried out by the analysts at has shown that the market for circuit breakers, fuses, and relays in APAC will grow at a CAGR of over 7% by 2020.
The global circuit breaker, fuse, and relay market is extremely competitive as the adoption of this product is mostly spread across different consumer segments with electronic and electrical capabilities. Due to the presence of a large number of small and regional vendors in the market, the market is highly fragmented. The prominent vendors in this market are integrating optimized technology into their products as it will help them to improve their product portfolio and also increase their market penetration.
Key players in the Global Circuit Breaker Fuse and Relay Market: ABB, GE, Schneider Electric, and Siemens. Other Prominent Vendors in the market are: Camsco Electric, Cooper Industries, Honeywell International, Itron, Kirloskar Electric, L&T, Littelfuse, Mitsubishi Electric, NR Electric, Rockwell Automation, S&C Electric, Schurter Holding, and Sensata Technologies.
Further, the report states that competition from local vendors restricts international vendor's market growth.
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