TechNavio recognizes the following companies as the key players in the Global Circuit Breaker, Fuse, and Relay Market: ABB Ltd., Alstom SA, Schneider Electric Co., Siemens AG, and Toshiba Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the Electrical and Electronics industry is the increasing need for miniaturization. Most of the vendors, especially relay vendors, are focusing on solid state relays since they can be incorporated in the PCB with more ease compared to electromechanical relays. One of the major reasons for the increased demand for smaller relays is the increased growth in the Electrical and Electronics industry, which is growing at a rapid rate in countries such as India, Brazil, and China. Developed nations such as the US, Japan, and European countries have also witnessed an increased demand for smartphones during the last five years. Due to the growth in demand for miniaturized electronic gadgets, vendors in Circuit Breaker, Fuse, and Relay market are being forced to reduce the size of relay products to compete in the market. Another major field driving the need for miniaturization is robotics. This field uses high-density PCBs, which makes miniaturization a necessity.”
According to the report, one of the major drivers in the market is the increased construction activities. Construction activities have increased to a great extent in emerging countries such as China and India.
Further, the report states that one of the major challenges in the market is the availability of cheap products. The major vendors are finding it difficult to compete with the cheaper products present in the market which are mainly manufactured by small companies in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-circuit-breaker-fuse-and-relay-ma…\
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Circuit Breaker, Fuse, and Relay Market 2014-2018
