London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Circuit Breaker Market 2014-2018, which is expected to grow at a CAGR of 4.61 percent during the forecast period of 2013-2018.
The predominant end-user industries of this market are: Construction industry, Electrical and Electronics industry, Transportation industry. The Global Circuit Breaker market is mainly driven by the increased demand for electricity and power distribution systems in the non- organization for economic cooperation and development countries. The Asia Pacific region, especially India and China, is expected to drive the demand for circuit breakers, because of their rapid industrialization and population. These countries are revamping their existing power distribution systems to meet future demand.
Key Market Drivers
- Increased Demand for Electricity and Power Distribution Systems
- Increase in Construction Activities
- Stringent Energy-efficiency Regulations
- Emergence of Non-conventional Energy Sources
Key Market Trends
- Increased Demand from the APAC Region
- Increased Need for Technological Improvements
- Increase in M&A
Key Vendors
- ABB Ltd.
- Alstom SA
- Schneider Electric Co.
- Siemens AG
“The emergence of China and India as major markets and low-cost manufacturing hubs is likely to drive the major vendors to invest more in setting up manufacturing units in these countries,” says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
