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New Revenue Pockets: Circuit Breaker & Fuse Market
In recent times, there has been lots of developments in terms of technology and functionality of circuit breakers. Some of the big players have designed new era circuit breakers that have special features and potential to grab the global market. Continuous change in the technologies as per the industrial requirements made the manufacturers more competitive in nature.
In North America, arc fault circuit interrupters have been compulsory by law since 2008. With the SF6 circuit breaker, Siemens is the first producer to launch this kind of device into the European market.
A new fire protection technology of a circuit breaker has been developed by Siemens AG (Germany). It is capable of preventing electrical fires from initiating. The mechanism registers unsafe arcing in an electrical installation and breaks the circuit automatically. Arcing can occur as a consequence of voltage fluctuations in electrical circuits.
ABB Ltd. (Switzerland), which is also a well-known name in the circuit breaker industry, has developed the world’s first circuit breaker for High Voltage Direct Current (HVDC). It combines very quick mechanics with power electronics, and competent of interrupting power flows which are thirty times faster than the blink of a human eye. This breakthrough removes a 100-year-old obstruction to the development of DC transmission grids. These types of DC (direct current) grids will also improve grid reliability and enhance the ability of existing AC (alternating current) networks.
All these technological developments are creating new revenue pockets in circuit breaker and fuse market. Moreover, there is a significant increase in the imports of circuit breakers around the globe. Manufacturers from all over the world are selling their products in the international market. This is leading to more and better options of circuit breakers and fuses in the market.
Circuit Breaker & Fuse Market by Application (Non-Residential/Residential, Electronic/Electrical, Transportation (Automotive/Non-Automotive), by Type (SF6, Vacuum, and others), by Voltage (HV, MV & LV), and by Region - Global Trends & Forecast to 2019
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