市场调查报告书
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全球断路器和熔断器市场评估:按电压、类型、最终用户、地区、机会、预测(2016-2030)Circuit Breaker and Fuse Market Assessment, By Voltage, By Type, By End-user, By Region, Opportunities and Forecast, 2016-2030F |
全球断路器和熔断器市场规模预计将从 2022 年的 162 亿美元增至 2030 年的 253 亿美元,2023-2030 年预测期间复合年增长率为 5.7%。
推动市场成长的因素包括渗透率上升、技术进步、建筑活动增加、基础建设发展、投资增加以及各行业对电气安全需求的激增。 智慧和环保解决方案的进步也有助于市场扩张,因为它们符合不断发展的能源效率和环境法规。
智慧功能和自复位功能等保险丝技术的进步正在极大地推动市场成长。 这些创新提高了可靠性、减少了停机时间并提高了安全性,满足了各行业对高效、复杂的电气保护解决方案不断增长的需求。
例如,2022年10月,LittleFuse Inc.推出了eFuse保护IC,它由四种类型的电路保护装置组成。 这些 IC 采用最先进的设计,提供 3.3 至 28 伏特输入范围和整合保护。 此外,这些电子保险丝还提供短路、过流、反向电流等保护。
保护继电器使用的增加将显着推动断路器和熔断器市场的发展。 此外,由于发电、公用事业和工业应用等各个行业对可靠的自动化保护解决方案的需求不断增加,市场正在扩大。
2022 年 2 月,ABB 宣布了继电器改造计划,旨在将某些 SPACOM 保护继电器升级到最新的保护和控制技术 REX610。 REX610是一款综合保护继电器,旨在适应不断变化的电网需求,提供多功能、环保且面向未来的解决方案。
空气断路器的日益普及正在推动断路器和熔断器市场的成长。 这些断路器在各种应用中都是首选,因为它们提供可靠、有效的保护,防止电气过载和短路。 它们的适应性、易于维护性和处理高电流的能力有助于不断增长的市场,特别是在需要最大限度的电气安全和设备保护的商业和工业领域。
例如,2023年5月,Schneider Electric推出了专为加拿大市场量身定制的最新高压断路器EvoPacT。 此增强型解决方案经过精心设计,可满足基础设施、大型商业和工业设施、电力密集型企业以及云端和服务供应商的要求。
不断增加的电网投资正在为断路器和熔断器市场创造重大机会。 这些投资旨在加强配电并确保可靠性和效率。 此外,电网基础设施的扩张,加上适应再生能源和智慧电网技术的需求,正在推动对电路保护装置的需求。
例如,2023 年1 月,中国State Grid Corporation宣布将在2023 年投资输电项目,作为在2021 年至2025 年 "十四五" 期间拨款3,290 亿美元的更广泛承诺的一部分。已公布的计划投资770亿美元。 此外,重要电力公司China Southern Power Grid已为该项目承诺投资990亿美元。 加上当地企业的投资,全国对该领域的投资总额预计将达到 4,420 亿美元。
北美已成为断路器和熔断器的全球市场领导者,由于强大的工业基础设施、不断增长的建筑业以及对电气安全标准日益浓厚的兴趣等因素,推动了对电路保护装置的需求。 Masu。 该地区正在积极投资智慧电网技术和再生能源,进一步支持市场成长。 此外,严格的监管合规性和对技术进步的高度重视相结合,使北美近年来处于断路器和熔断器市场成长的前沿。
本报告研究和分析了全球断路器和熔断器市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
Global circuit breaker and fuse market size was valued at USD 16.2 billion in 2022, which is expected to reach USD 25.3 billion in 2030, with a CAGR of 5.7% for the forecasted period between 2023 and 2030.
Circuit breakers and fuses provide crucial protection by preventing electrical overloads and faults and enhancing safety and safeguarding equipment. The market growth is driven by the rise in adoption rate, technological advancements, increasing construction activities, infrastructure development, rise in investments, and the surge in demand for electrical safety across industries. Additionally, advancements in smart and eco-friendly solutions contribute to market expansion as they meet evolving energy efficiency and environmental regulations.
The technological advancements in fuses, such as smart and self-resetting features, are propelling the market growth exponentially. These innovations enhance reliability, reduce downtime, and improve safety, thereby meeting the growing demand for efficient and sophisticated electrical protection solutions in various industries.
For example, in October 2022, LittleFuse Inc., introduced the eFuse Protection ICs of 4 distinct circuit protection devices. These ICs utilize a modern design which provides a power input range from (3.3 to 28) Volts as well as integrated protection. Additionally, these electronic fuses provide protection against short circuit, overcurrent, reverse current, etc.
The increased utilization of protective relays significantly boost the Circuit Breakers and Fuses Market. Protective relays are vital in monitoring and responding to electrical system abnormalities, such as overcurrent, short circuits, and voltage imbalances. They trigger circuit breakers and fuses to protect equipment and prevent electrical hazards. Moreover, the growing demand for reliable and automated protection solutions in various industries, including power generation, utilities, and industrial applications, is expanding the market.
In February 2022, ABB introduced the Relay Retrofit Program, which aimed to upgrade specific SPACOM protection relays to the latest protection and control technology, REX610. It is an all-inclusive protection relay engineered to adjust to the requirements of advancing power grids, offering a versatile, eco-friendly, and forward-looking solution.
The increased adoption of air circuit breakers drives growth in the circuit breaker and fuse market. These circuit breakers offer reliable and efficient protection against electrical overloads and short circuits, making them a preferred choice in various applications. Their adaptability, ease of maintenance, and ability to handle high currents contribute to market expansion, especially in industrial and commercial sectors, where maximum electrical safety and equipment protection are required.
For example, in May 2023, Schneider Electric unveiled EvoPacT, its latest medium voltage circuit breaker, tailored for the Canadian market. This enhanced solution has been carefully crafted to meet the requirements of infrastructure, sizeable industrial and commercial facilities, power-intensive operations, as well as cloud and service providers.
Increased investments in transmission grids are creating substantial opportunities within the Circuit Breaker and Fuse Market. These investments aim to enhance power distribution, ensuring reliability and efficiency. Moreover, the expansion of grid infrastructure, coupled with the need to accommodate renewable energy sources and smart grid technologies are driving the demand for circuit protection devices.
For example, in January 2023, China's State Grid Corporation announced its plans to invest USD 77 billion in transmission projects in 2023, as part of its broader commitment to allocate USD 329 billion during the entire 14th Five-Year Plan period from 2021 to 2025. In addition, China Southern Power Grid, a significant electric utility, had stated to contribute USD 99 billion to this undertaking. When combined with investments from regional companies, the total national investments in this sector are projected to reach USD 442 billion.
North America has emerged as a leader in the global circuit breaker and fuse market due to factors such as robust industrial infrastructure, a growing construction sector, and increasing focus on electrical safety standards, driving the demand for circuit protection devices. The region has witnessed substantial investments in smart grid technology and renewable energy, further boosting the market growth. Moreover, stringent regulatory compliance, coupled with a strong emphasis on technological advancements, position North America at the forefront of circuit breakers and fuse market growth in recent years.
For example, in March 2022, National Grid and Siemens Energy joined forces in Orlando, Florida, to carry out a state-of-the-art upgrade of a National Grid substation, incorporating Siemens Energy's "Blue circuit breakers", which were designed with fluorinated gas-free technology, clean air insulation, and vacuum switching technology.
Government initiatives are crucial for the market as they promote safety and support sustainable electrical infrastructure. Regulations and standards enforced by governments ensure the use of reliable and certified products, enhancing public and industrial safety. Incentives, such as tax credits for energy-efficient solutions, stimulate innovation in the market. Government investments in infrastructure projects drive market growth. Overall, these initiatives play a pivotal role in maintaining the integrity of electrical systems, reducing electrical hazards, and promoting energy efficiency.
For example, the National Electrical Code (NEC), introduced by the United States government, stated that overcurrent protection is a necessity in every electrical circuit, whether it involves high-voltage transmission lines with substantial amperage or low-voltage lighting circuits with minimal amperage. Moreover, certain devices are designed to safeguard both conductors and equipment from the risks of overloads and short-circuits.
The market witnessed a significant transformation in the COVID-19 pandemic. Pre-COVID-19, the market was on a growth trajectory, driven by urbanization, industrialization, and increased power distribution needs. However, the pandemic disrupted supply chains, causing delays and hindrances in production and construction activities. It resulted in a temporary dip in demand as projects were postponed. In the post-COVID-19 era, the market gradually recovered as construction projects resumed, emphasizing the importance of reliable electrical infrastructure. The pandemic accelerated the adoption of advanced technologies, such as smart and IoT-enabled circuit protection solutions, driven by the increased reliance on technology in remote work and healthcare sectors. The market is now evolving, characterized by enhanced safety and technological integrations.
Global circuit breaker and fuse market is rapidly advancing, marked by major companies boosting their investments in smart meters and circuit breakers. Furthermore, these firms are committing substantial resources to improve their market position and financial performance. They are actively engaging in collaborations, acquisitions, and partnerships, which are redefining the industry's dynamics and accelerating overall market growth.
In October 2023, ABB introduced the SACE Infinitus solid-state circuit breaker, which will have its debut in Japan at the CEATEC 2023 sustainable technology exhibition from October 17 to 20th in Makuhari, Chiba City. The SACE Infinitus represents a groundbreaking achievement as the world's inaugural IEC60947-2 solid-state circuit breaker, playing a pivotal role in ushering in the next era of sustainable energy networks.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.