North America Circuit Breaker and Fuses Market, By Product (By Voltage Level of Installation, By Arc Quenching Media Type, By Voltage Level of Installation), Breaker Type (Low Voltage, High Voltage), Fuse Type (Specialty Fuse, Traction Fuse, Thermal Fuse, High Power Fuse, Telecom Fuse, Others), Application (Transmission and Distribution, Construction, Industrial, Power Generation, Consumer electronics), End Use (HVAC, Energy Storage, EV Charging) – Industry Trends and Forecast to 2030.
North America Circuit Breaker and Fuses Market Analysis and Size
The circuit breaker and fuse market is expected to witness significant growth during forecast period. The market is anticipated to flourish due to the growing need for upgradation to efficient networks coupled with renewable energy connectivity. Moreover, growing demand for advanced equipment in telecommunication, electronics, automotive sectors owing to growing safety concerns related to short circuits and power fluctuations, enhance the growth of circuit breaker and fuses market over the forecast period.
Data Bridge Market Research analyses that the circuit breaker and fuses market is expected to reach USD 13716.20 million by 2030, which is USD 8,225.76 million in 2022, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
North America Circuit Breaker and Fuses Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (By Voltage Level of Installation, By Arc Quenching Media Type, By Voltage Level of Installation), Breaker Type (Low Voltage, High Voltage), Fuse Type (Specialty Fuse, Traction Fuse, Thermal Fuse, High Power Fuse, Telecom Fuse, Others), Application (Transmission and Distribution, Construction, Industrial, Power Generation, Consumer electronics), End Use (HVAC, Energy Storage, EV Charging)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Fujitsu (Japan), Panasonic Corporation (Japan), Weebit (Israel), SMIC (China), Micron Technology Inc, (U.S.), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), 4DS Memory Limited (Australia), Renesas Electronics Corporation (Japan), Other World Computing, Inc, (U.S.), Sony Corporation (Japan), VentureBeat (U.S.), Rambus (U.S.), Intel Corporation (U.S.), Avalanche Technology (U.S.), SK HYNIX INC. (South Korea), HOPE Microelectronics CO., Ltd. (China), Adesto Technologies Corporation. (U.S.)
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Market Opportunities
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Market Definition
Circuit breaker is an electrical switch that operates automatically to protect an electrical circuit from damaging an overload or short circuit. Its main purpose is to stop the current flow when a fault is identified. Moreover, an electrical fuse is a type of safety device that protects electrical circuit from overcurrent. Circuit breakers and fuses halt the flow of power and preventing electricity overload.
North America Circuit Breaker and Fuses Market Dynamics
Drivers
- Growing demand for circuit breakers and fuses to reduce and manage electric load on equipment
Electric equipment such as industrial machinery, home appliances, IT products, and electric tools are prone to damage owing to power fluctuations. Circuit breakers and fuses are used to manage and reduce the electric load on equipment thus protecting them from sudden power fluctuations including situations such as overload, short circuits and overvoltage. Moreover, the increasing need for up-gradation of adept networks, renewable energy connectivity and advanced electronics, telecommunication and automotive equipment are anticipated to boost the market's growth.
- Increasing demand for electricity will channelize the market growth rate
Consistent power delivery and augmented demand for electricity are some of the primary factors which are expected to drive the growth of the global market during the forecast period. With rapid economic growth, technological advancements and urbanization, the demand for the electricity has grown immensely. Infrastructure with high capacity and new upgrades are required to cater to such demand for power. As a result of this, the demand for the circuit breaker and fuses increases which drive the market growth.
Opportunities
- Insufficient electric power infrastructure to uphold the bulk power movement
Various countries have power infrastructures lacking to uphold the bulk power movement and standards of quality required for several operations worldwide. Technologies that were developed earlier are today reflected as aging electric infrastructure. According to the U.S. Department of Energy, around 60 percent of circuit breakers are over 30 years old and 70 percent of transformer and transmission lines are over 25 years old. Now, companies are focusing on transforming or modernizing such infrastructure to help the new era of electric technology and to maintain reliability. Therefore, insufficient electric power infrastructure is expected to offer lucrative growth opportunities to the market during the forecast period.
- Surging partnership between major market players
The surging partnership between major market players further offers numerous growth opportunities. For instance Alstom and Madrid Asperger Association have signed a partnership agreement in 2019, according to which people with Asperger’s Syndrome will do pre-occupational professional internships at Alstom in Spain assisting to increase their professional skills and socio-occupational capacity.
Restraints/ Challenges
- Multiple issues associated with circuit breaker and fuses market
High price of circuit breaker and fuses will hamper the growth of the market. Moreover, strict environmental regulations for SF6 circuit breakers and huge competition from the unorganized sector will further pose major challenges for market growth. These are some of the major factors are expected to hamper the market growth during the forecast period.
This circuit breaker and fuses market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the circuit breaker and fuses market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2020, Siemens launched type SDV-R-AR arc-resistant and type SDV-R non-arc-resistant medium-voltage outdoor distribution circuit breakers that are mainly designed for renewable energy applications, for instance wind power generation.
- In 2020, Siemens acquired C&S Electric which is a manufacturer of electrical and electronic equipment. With this acquisition, they will cater to the increasing need for electrification products.
- In 2020, Eaton Cummins Automated Transmission Technologies announced the launch of the Endurant XD series with the development of Endurant Automated Transmission lineup. This series is designed for on-highway applications, such as triple and double trailer trucks, and severe-duty on/off highway applications such as logging and dump trucks.
North America Circuit Breaker and Fuses Market Scope
The circuit breaker and fuses market is segmented on the basis of product, breaker type, fuse type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- By Voltage Level of Installation
- Low Voltage
- Medium Voltage
- High Voltage
- By Arc Quenching Media Type
- Air
- Vacuum
- Oil
- SF6
- CO2
- Hybrid
- Others
- Others
- By Voltage Level of Installation
- Low voltage
- High voltage
Breaker Type
- Low Voltage
- High Voltage
Fuse Type
- Specialty Fuse
- Traction Fuse
- Thermal Fuse
- High Power Fuse
- Telecom Fuse
- Others
Application
- Transmission and Distribution
- Construction
- Industrial
- Power Generation
- Consumer electronics
End Use
- HVAC
- Energy Storage
- EV Charging
Circuit Circuit Breaker and Fuses Market Regional Analysis/Insights
The circuit breaker and fuses market is analyzed and market size insights and trends are provided by country, product, breaker type, fuse type, application and end use as referenced above.
The countries covered in the circuit breaker and fuses market report U.S., Canada and Mexico in North America.
U.S. dominates the circuit breaker and fuses market in terms of revenue and market share due to rapid growth in the construction sector. Moreover, growing adoption of alternative energy generation sources such as solar and wind which require huge investments in transmission and distribution will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Circuit breaker and fuses Market Share Analysis
The circuit breaker and fuses market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to circuit breaker and fuses market.
Some of the major players operating in the circuit breaker and fuses market are:
- Fujitsu (Japan)
- Panasonic Corporation (Japan)
- Weebit (Israel)
- SMIC (China)
- Micron Technology Inc, (U.S.)
- Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
- 4DS Memory Limited (Australia)
- Renesas Electronics Corporation (Japan)
- Other World Computing, Inc, (U.S.)
- Sony Corporation (Japan)
- VentureBeat (U.S.)
- Rambus (U.S.)
- Intel Corporation (U.S.)
- Avalanche Technology (U.S.)
- SK HYNIX INC. (South Korea)
- HOPE Microelectronics CO., Ltd. (China)
- Adesto Technologies Corporation. (U.S.)
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