Overview
Circuit breakers and fuses help manage and reduce the electrical load on home appliances, industrial machinery, IT products, and electric tools, protecting against power fluctuations resulting from short circuits, overvoltage, and overload. An air circuit breaker is a specific type of circuit breaker designed to protect low-voltage circuits by safely energizing and de-energizing high currents.
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Market Growth Trends
Growing energy demand and increased energy production and supply
The growing demand for electrification and the increasing global need for energy storage are expected to drive the switchgear market in the coming years. Concerns about power interruptions are rising among end-users worldwide. The adoption of energy storage technology in power grids has become one of the most cost-effective solutions for utility providers to prevent service disruptions. Additionally, significant electricity losses during transmission have led to the emergence of decentralized power generation.
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Market is Segmented
By Voltage: Low Voltage, Medium Voltage
By Type: Air Blast Circuit Breaker, Plain Air Circuit Breaker
By Application: Industrial, Commercial, Residential
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
· ABB
· Siemens
· Eaton Corporation PLC
· Mitsubishi Electric
· Fuji Electric
· Terasaki Electric Co. Ltd
· Legrand
· Larsen & Toubro
· Hitachi Industrial Equipment Systems Co., Ltd
· CBI-electric Group
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