The global circuit breaker and fuse market is expected to reach USD 18.92 billion by 2022, according to a new report by Grand View Research, Inc. Replacement of electromechanical and mechanical devices with electronic equipment is expected to drive demand in manufacturing and industrial sector. Increasing construction and infrastructure activities using different components in residential and commercial projects such as MCBs, protective relays, air and gas circuit breakers is expected to boost demand. Technological advancements such as emergence of generator circuit breakers in natural gas power plants are further expected to boost the demand. Moreover, significant investment transmission grid has surpassed the need of replacing worn out energy infrastructure which is expected to provide significant opportunities for the circuit breaker and fuse industry.
http://www.grandviewresearch.com/industry-analysis/circuit-breaker-and-fuse-market
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