circuit breakers market 2016-2024

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Circuit Breakers Market to grow at over 7 CAGR
to reach 13.5bn by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Global Market Scenario of Circuit Breakers
industry

• Circuit Breakers Market size will exceed USD 13.5
  billion by 2024, as reported in the latest study
  by Global Market Insights, Inc.
• Growing demand for the modular and packaged
  substation primarily across commercial and
  industrial end users will stimulate the global
  circuit breakers market share during the forecast
  timeframe. In 2016, Qatar had awarded USD 12.4
  million contract to Siemens for the supply of
  integrated E-House substations for Hamad Port
  megaproject.
• Development of numerous green corridors projects
  for exporting electricity generated from
  renewable energy sources to national grids will
  positively impact the industry landscape. In
  2014, Power Grid Corporation of India Ltd.
  (PGCIL) had announced the investment of over USD
  7 billion to facilitate the integration of clean
  energy plants with the national and state grids.

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Continued...

• Rising investments towards the renovation of
  conventional transmission grid infrastructure by
  utilities and other private participants will
  augment global circuit breakers market revenue.
• In 2015, Government of China announced a USD 315
  billion investment towards the refurbishment of
  power grid infrastructure over the next five
  years. Rural electrification programs designed by
  countries including China, India, South Africa,
  and Nigeria will further influence the business
  outlook.
• LV circuit breakers market was valued over USD 1
  billion for 2015. Strong investment outlook
  towards deployment of new low voltage substations
  across remote areas will augment the industry
  size. SF6 is expected to witness significant
  growth of over 10, owing to its high dielectric
  strength and efficient arc quenching properties.

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Global Circuit Breakers Market, By Technology,
2014 2024 (USD Billion)

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Browse Full Market Research Report On Circuit
Breakers Market _at_ http//bit.ly/2muYLx6
Request for Sample PDF of the Report _at_
http//bit.ly/2muZYRi
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Continued...

• Key industry players include GE Alstom, Powell
  Industries, Mitsubishi Electric Corporation, BEL
  Fuse Inc., Schneider Electric, Toshiba, Siemens,
  Eaton Corporation, TE Connectivity and ABB.
• Circuit breakers market research report includes
  in-depth coverage of the industry with estimates
  forecast in terms of revenue in USD Million
  from 2014 to 2024, for the following segments

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360 Analysis

• Application Trends
• Global circuit breakers market size from power
  distribution applications was valued over USD 5
  billion in 2015. Increasing investment towards
  development of new substations primarily in rural
  areas is influencing the demand across the globe.
  Transmission applications is anticipated to grow
  over 5 from 2016 to 2024 owing to rising concern
  towards safe power transmission. In 2017, the
  U.S. Federal Government announced USD 100 million
  investment towards refurbishment of countrys
  first HVDC link in Pacific Intertie.
• Regional Trends
• U.S. circuit breakers market size was valued over
  USD 1 billion in 2015. Federal government
  initiatives to enhance the safety and reliability
  of transmission and distribution network will
  augment the industry growth.
• Russia market share is predicted to witness
  growth over 7 during the forecast period. Focus
  towards implementation of smart grid
  infrastructure networks will positively impact
  the growth.

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