San Jose, CA (Vocus) November 1, 2010
Global Fuses & Circuit Breakers market is expected to grow moderately in the coming years. With the maturing of western markets, the market is projected to achieve a slower, yet steady growth. Developing economies in the Asia-Pacific region, including China and India are expected to be the fastest growing markets. Prospects for aftermarket segment of the industry are expected to remain favorable owing to robust growth witnessed in OEMs during the last decade. With increased concern for safety and security in the electronic, medical, and telecommunication equipments, the need for newer fuses and circuit breakers has increased significantly. Electronic and automotive equipment industries are the largest markets in North America, Japan, and Europe, while construction, power generation, and industrial machinery industries are expected to drive growth in the Asia-Pacific, Middle East, and Latin American regions. As the fuses and circuit breakers market in developed economies is near saturation stage, several companies are exploring other potential, growth oriented regions, including the Middle East, China, India, South America, Russia, and Eastern Europe. The Middle Eastern countries in particular, are vital from the view of untapped business opportunities from new power system installations in the region. On a similar note, the other developing countries are important for their abundant, inexpensive and low technology products.
Increasing growth in the end-use sectors during the past few years is primarily driving the demand for fuses and circuit breakers. In specific, the powerful growth in telecommunication and electronic equipment is expected to propel overall demand in a big way. Fuses and circuit breakers are extensively used in several diverse OEM industries including industrial machinery, telecommunication equipment, medical equipment, transportation equipment, electrical & electronic equipment, and various others. Rapid advancements in automobile electronics are also playing a vital role in escalating the global market demand.
The fuses & circuit breakers market worldwide was significantly impacted by the global economic meltdown as most of the infrastructure activities were either delayed or canceled. The complete collapse of construction market in 2007 amidst the mortgage crisis and credit crunch took a heavy toll on the fuses & circuit breakers market. The situation is expected to remain grim for the next 1-2 years, with gradual market incline likely only by 2011, owing to a rebound in industrial and construction activity, specifically for residential buildings. While developed and mature markets of North America, Japan and Europe were the worst hit, developing economies including Asia-Pacific, Middle East and Latin America fared relatively better, registering marginal decline in growth rates.
The US dominates the worldwide market for fuses & circuit breakers, as stated by the new market research report on Fuses & Circuit Breakers. Asia-Pacific and Europe represent the other significant regions worldwide with respect to market size. Asia-Pacific, comprising of vastly untapped and rapidly growing markets of China, India, Indonesia, Taiwan, Vietnam, and Thailand is expected to drive the future demand for fuses & circuit breakers. The region is forecast to emerge as the fastest growing market at a CAGR of more than 3.0% for the period 2007-2015. Other developing markets including the Middle East, Latin America and Africa are also emerging as lucrative markets, and offer tremendous growth potential in the near future.
The Circuit Breakers segment is the dominant and most popular category, garnering a lions share of the fuses & circuit breakers market worldwide. Demand for circuit breakers far outpaces the fuses segment, and is expected to expand through 2015 at the highest growth rate.
Major market participants profiled in the report include Asea Brown Boveri (ABB), Cooper Industries Ltd, E-T-A Elektrotechnische Apparate GmbH, Eaton Corporation, General Electric, Hitachi Ltd., Littelfuse Inc., Mitsubishi Electric Corporation, Moeller GmbH, Powell Industries Inc., Schneider Electric SA, and Siemens AG.
The research report titled Fuses & Circuit Breakers: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, market trends & drivers, end-use industries, product innovations, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Market analytics are provided in terms of US$ million (value) for product segments including Fuses and Circuit Breakers. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Fuses_and_Circuit_Breakers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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