Top 5 Vendors in the Circuit Breaker, Fuse, and Relay Market | Technavio

Update date:2017-09-27 Source:MAXGE


MAXGE circuit breaker

LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global circuit breaker, fuse, and relay market report from 2017 to 2021. This research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period.

Technavio announces top five leading vendors in the global circuit breaker, fuse, and relay market until 2021.

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The construction sector, especially residential construction, has been witnessing increased investments since 2015. Countries in North America and Southeast Asia are the key regions where the rise in building constructions will account for a significant share of the market growth. The Asian construction market is largely driven by the rapid economic growth and urbanization in the region.

Competitive vendor landscape

The global circuit breaker, fuse, and relay market is highly competitive, especially in the low and medium-voltage segment, due to the presence of a large number of international as well as regional players. The competition is further intensified in these categories due to the absence of product differentiation and low pricing strategy of local and regional vendors.

“The circuit breaker, fuse, and relay market is expected to proliferate during the forecast period in almost all regions of the world, owing to economic growth. China is expected to maintain the fastest growth rate in the market during the next five years. Most vendors expect the rapid economic development in APAC and MEA to drive the market growth. Many major vendors have bagged huge smart grid and HVDC projects in these regions, which are expected to increase during the forecast period,” says Anju Ajaykumar, a lead tools and components research analyst from Technavio.



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Copyright© 2017
www.maxge.com All Rights Reserved.

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