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Circuit Breaker Market in Asia Pacific to grow at a CAGR of over 4% To 2024 | Siemens,Eaton

Author : Rahul Sankrityayan | Published Date : 2019-05-10 

Circuit Breaker Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast to 2024.

Circuit Breaker Market in Asia Pacific market is anticipated to witness growth over 8% by 2024. 

Europe market will gain escalation subject to the stringent energy efficiency mandates along with rising share of sustainable electricity networks. Regulators with an aim to institute a potent energy mechanism have been channelizing funds to befit their networks for effective electricity generation & supply. European Union’s policy objectives comprehend, investment & restructuring of the existing grid infrastructure to integrate renewable resources and sustain the leap in energy demand.

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Affirmative regulatory mandates toward the development of cross border electric infrastructure to sustain the rising demand for the refurbishment of ageing transmission network will foster the circuit breaker market. Favorable policy interventions coupled with positive sectoral amendments supported by rapid economic escalation have further instigated the overall energy industry. Aggregate technical & commercial (AT&C) coagulated by accruing circuit losses, result in deficiency in terms of revenue & energy realization which in turn will complement the integration of effective transmission & distribution components.

> 550 kV units in the current industrial scenario, have gained an upsurge subject to the ongoing expansion of ultra-high-tension (UHT) electric networks to endure losses accumulated from long-distance power supply. Advance product specifications, curtailment ability for over-currents, cost along with ease of installation are essential factors driving the product penetration. Regulatory inclination towards the deployment of HVDC transmission infrastructure to meet cross-border demand for electricity will further complement the circuit breaker market outlook.

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Electric protection equipment’s in the current industrial regime have gained prominence subject to their product versatility and diverse applicability across power distribution networks. These products have gained penetration across a pool of applications hovering from small residential electricity networks to large utility-aided distribution infrastructure. With increasing adoption, manufacturers and industry participants have aligned their focus on the development and sustainable distribution of the products. Favorable consumer tendencies and product versatility favored by cost-effective product configurations will fuel the global market potential. 

Eminent players across the global market comprise of Schneider Electric, Eaton, ABB, Mitsubishi, Toshiba, Mersen S.A, Hitachi, Crompton Greaves, Siemens, Powell Industries, Fuji Electric, Meidensha, Hubbell, TE Connectivity, L&T, and BEL Fuse.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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