Circuit Breaker Market 2019 Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry from 2019-2026



The global circuit breaker market is set to attain a value of USD 25.75 billion by 2026, displaying a CAGR of 6.97% during the forecast period. The main driving factor for this is the ever-increasing demand for electricity around the world. According to the International Energy Agency (IEA), in 2018, world electricity demand increased by 4%, double the amount of the overall energy demand. Among nations, China and the US accounted for 70% of the total global demand. Increasing demand and consumption of electricity will lead to a corresponding rise in the demand for circuit breakers, since they are essential components in any electrical system. Circuit breakers are basically switching devices, that is, their primary function is to disturb or interrupt the flow of fault or abnormal current. This protects the electrical system from any damage and prevents any potential accidents.

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Some of the prominent companies in the global circuit breaker market include:
•                    CG Power and Industrial Solutions Limited
•                    ABB
•                    Atom Power, Inc.
•                    Mitsubishi Electric Corporation
•                    Salzer Group
•                    Schneider Electric
•                    Larsen & Toubro Limited
•                    Kirloskar Electric Company
•                    Siemens AG
•                    GE
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Key Market Driver –  Enormous demand for electricity
Key Market Restraint –  High installation and maintenance cost

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