Global Circuit Breaker, Fuse, and Relay Market 2017-2021

Overview of the global circuit breaker, fuse, and relay market

Research analysis on the global circuit breaker, fuse, and relay market identifies that the increasing demand for power across the globe will be one of the major factors that will have a positive impact on the growth of the market. The coming years will witness an increase in the demand for power generation and electrification grids especially from the remote and rural areas of the Asian and African regions. Additionally, the rise in global population and urbanization that leads to the rapid growth in industrialization, will also fuel the demand for electricity. This will drive the growth of the circuit breakers, fuse, and relay market during the forecast period, which according to Technavio's market research analysts, will grow at a CAGR of almost 7% by 2021.

In terms of geography, APAC accounted for the maximum market shares during 2016. The increase in demand for power due to the economic growth of the developing countries will drive the demand for circuit breakers, fuse, and relays in this region. Countries that do not have access to electricity across all regions will to invest in the expansion of transmission network projects. This will again fuel the growth of this global market in this region.

Competitive landscape and key vendors