DUBLIN, Aug. 18, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4hvs9c/global_circuit) has announced the addition of the "Global Circuit Protection Market 2015-2019" report to their offering.
The global circuit protection market to grow at a CAGR of 5.49% over the period 2015-2019.
This report covers the present scenario and the growth prospects of the global circuit protection market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sale of two major components: circuit breaker and fuse.
The report, Global Circuit Protection Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Currently, innovation in the automotive industry is mainly focused on ensuring the safety of people and equipment. To this end, automotive sensors are being fitted in vehicles to monitor brake and other fluid levels. . New arc-flash relays along with electrical fuses and custom electrical products provide protection against electrical shocks in industrial areas and mines.
According to the report, consumption of electricity globally is on the rise. Developing countries are the major source of increased electricity consumption worldwide. During the forecast period, there will be continuous growth in the demand for energy. This will result in more projects for power generation, transmission, and distribution on a large scale. These projects will require circuit protection equipment, so the global circuit protection market will benefit from the growing demand for electricity and the development of power distribution infrastructure.
Further, the report states that one of the challenges is the demand for a speedy time-to-market turnaround.
- Bel Fuse
- Mitsubishi Electric
Other Prominent Vendors
- Camsco Electric
- Cooper Industries
- General Electric.
- Kirloskar Electric
- Powell Industries
- Schurter Holding
- Sensata Technologies
For more information visit http://www.researchandmarkets.com/research/4hvs9c/global_circuit
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SOURCE Research and Markets