United States Circuit Breaker Market Overview
The United States circuit breaker market is forecast to grow at a CAGR of over XXXX% during the period 2020-2026.
This report provides an in-depth analysis of the circuit breaker market in the United States. It discusses the major drivers and restraints that are expected to impact the market growth over the next few years. The study also includes opportunities and trends that are likely to fuel market expansion during the forecast period.
The report segments the market on the basis of voltage rating, application, end-use industry, and geography. It provides detailed information about the key players operating in this market, along with their business overview, product portfolio, financials, key developments, and SWOT analysis.
United States Circuit Breaker Market: Drivers and Restraints
The United States circuit breaker market is expected to grow at a CAGR of over XXXX% during the forecast period. The major drivers for the growth of this market are the increasing demand for renewable energy and the upgradation of existing infrastructure. However, the stagnant growth of end-use industries is expected to restrain market growth.
The United States has been a leading country in terms of renewable energy deployment with significant investments in solar and wind power generation. The country had installed over 150 GW of renewable energy capacity by early 2020. The growing deployment of renewable energy is expected to increase the demand for circuit breakers as they are used for protecting electrical equipment from damage due to overload or short circuit.
The United States has an aging infrastructure, which is resulting in an increased demand for refurbishment and upgradation projects. This is expected to create opportunities for circuit breaker manufacturers as upgrading existing electrical infrastructure requires replacement of old circuit breakers with new ones.
United States Circuit Breaker Market: Opportunities and Forecasts
The U.S. circuit breaker market is forecast to grow at a CAGR of XXXX% from 2019 to 2024. The report looks at the drivers, restraints, opportunities and challenges in the U.S. circuit breaker market and provides an in-depth analysis of the market size (in terms of value) for 2018 and forecast for the next five years.
The main drivers for the growth of the U.S. circuit breaker market include the increasing demand for electricity, growing renewable energy generation, and strict government regulations on power quality and safety standards. However, the high cost of installation and maintenance is restraining the growth of this market to a certain extent.
Opportunities for market players in the U.S. circuit breaker market include the growing adoption of smart grid technologies and rising investments in transmission and distribution infrastructure development projects. Some of the key players in this market are ABB Ltd., Eaton Corporation PLC, General Electric Company, Hitachi Ltd., Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Toshiba Corporation, and Fuji Electric Co., Ltd.
United States Circuit Breaker Market: Investment Potential
The US circuit breaker market is forecast to grow at a CAGR of XXXX% during the period 2020-2026.
A circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by overload or short circuit. Its basic function is to detect a fault condition and, by interrupting continuity, to immediately discontinue electrical flow. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset (either manually or automatically) to resume normal operation.
The report covers the present scenario and the growth prospects of the United States circuit breaker market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of circuit breakers in North America.
Some of the key drivers for growth of US Circuit Breaker Market are:
-Development of smart grid technologies
-Increasing investments in T&D infrastructure
-Growing demand for renewable energy integration
With development of smart grid technologies, it has become easier to monitor as well as control electricity distribution more effectively which in turn is driving investments in T&D infrastructure globally including US. Also with rise in awareness about climate change and need for sustainable development
United States Circuit Breaker Market – Issues and Challenges
The United States circuit breaker market is forecast to grow at a CAGR of XXXX% during the period 2016-2022.
One of the major drivers for this market is the increasing demand for electricity. The growing population and economic development are resulting in an increased demand for electricity. This, in turn, is driving the need for circuit breakers as they play a vital role in protecting electrical equipment from damage due to overloading or short circuiting.
However, there are some issues and challenges faced by the manufacturers in this market. One of the major issues is the declining prices of raw materials. The prices of copper and aluminum have been declining over the past few years which is impacting the margins of manufacturers. Another challenge faced by manufacturers is the stringent regulations regarding environmental protection. The manufacturing process of circuit breakers generates harmful emissions which need to be controlled as per the regulations set by various government bodies.
Key Player’s Profiles for United States Circuit Breaker Market
The US circuit breaker market is expected to grow at a CAGR of XXXX% from 2016 to 2021. The report provides an in-depth analysis of the market and its key players, including ABB Ltd., Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, Siemens AG, and Schneider Electric SE.
ABB Ltd.:
ABB Ltd., headquartered in Zurich, Switzerland, is a leading player in the global circuit breaker market with a strong presence in North America. The company operates through four business segments: Electrification Products, Robotics and Motion, Industrial Automation, and Power Grids. It offers a wide range of circuit breakers under the product categories of air circuit breakers (ACBs), gas-insulated switchgear (GIS), vacuum circuit breakers (VCBs), and cast resin dry-type transformers (CRTs). In 2015, the company acquired Dalkia International SA’s operations in Canada and the United States to strengthen its position in the North America market.
Eaton Corporation PLC:
Eaton Corporation PLC is a diversified power management company headquartered in Dublin, Ireland. The company operates through four business segments: Electrical Products Group (EPG), Vehicle Group (VG), Hydraulics Group (HG), and Aerospace Group (AG). It offers a wide range of products under the product categories of air circuit breakers (ACBs), cast resin dry-type transformers (CRTs), gas-insulated switchgear (GIS), and vacuum circuit breakers (VCBs). It has a strong presence in several countries across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. In 2015, the company acquired Cooper Industries plc in an all-stock transaction to strengthen its presence in the global electrical equipment market.
