Published Date: 16-Sep-2020
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According to a new report Global Low Voltage Circuit Breaker Market, published by KBV research, The Global Low Voltage Circuit Breaker Market size is expected to reach $4.5 billion by 2026, rising at a market growth of 5.8% CAGR during the forecast period.
By type, the miniature circuit breaker segment held the biggest share of the overall industry in 2019, due to increment in demand for miniature circuit breakers from cable protection, protection of small motors, x-ray machines, UPS systems, and other residential and business applications.
Based on application, the shut-off circuit segment ruled the worldwide market in 2019, regarding share, credited to increment in faulty operations in the electrical circuits, for example, overloading, short circuit faults, motor-powered devices faults, and others in the private, business, and industrial applications.
By the end-use industry, in 2019, the business segment held the biggest share of the market, attributed to the growing demand for low voltage circuit breakers from the business sites, for example, shops, buildings, shopping centers, theaters, and other applications.
The Asia Pacific is anticipated to generate higher revenue in the low voltage circuit breakers market during the forecast period. The improvement in infrastructure and industrial division, growing initiatives in railways, metros, and bullet trains are some of the significant factors driving the Asia Pacific low voltage circuit breakers market. North America and Europe are anticipated to give consistent growth in the low voltage circuit breakers market.
Structural Insights: https://www.kbvresearch.com/low-voltage-circuit-breaker-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Mitsubishi Electric Corporation, Siemens AG, Panasonic Corporation, Schneider Electric SE, Eaton Corporation PLC, The Danfoss Group, Hager Group, Carling Technologies, Inc., and CHINT Group.
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