Circuit Breaker, Thermistor & Fuse Market Gaining Traction from Power Generation Industry

Global Circuit Breaker, Thermistor & Fuse Market:

The circuit breaker is an electrical switch which is highly adapted to avoid short circuits. It is used in switchgear to protect high voltage circuits which handle entire city electricity supply. Fuse is an automatic resource which removes power from a fault system. The thermistor is a temperature dependent resistor, which is broadly used in positive temperature coefficient and negative temperature coefficient (NTC) applications, especially as a resistance thermometer in NTC applications. Modern digital thermostats use the thermistor to monitor the temperature of battery packs during charging. Thermal fuses are most commonly used in small consumer electronic devices such as hair dryers and coffee makers. The new electronic policy named The National Policy on Electronics is targeting to make India as one of the major global hubs which deal with the manufacturing of mobile phones, refrigerators, televisions and air-conditioners. According to IndustryARC estimations, the global circuit breaker, thermistor, & fuse market was valued around $13 billion – $15 billion for the year 2018. It is set to grow at a CAGR of 5%-7% through to 2025.

As per the IndustryARC analysis, it was found that power generation is the key application of circuit breaker, thermistor & fuse market and it is estimated to grow at a CAGR of 5%-8% over the forecast period. This steep growth is due to the groundbreaking technologies in automotive fuse coupled with improved efficiency and functionality of circuit breakers and thermistors in the power generation industry. Europe region held a major share which accounts for around 33%-35% in 2018. This information is presented in a recently published market research report titled: “Circuit Breaker, Thermistor & Fuse Market: By Type (Circuit Breaker (Air, Vacuum, SF6, & Oil), Thermistor (NTC, PTC) & Fuse (Rewirable, Cartridge, Blade, Resettable) By Voltage; By Operation; Application (Transportation, Medical, Consumer, Other) & Geography – Forecast (2019-2025).”

Global Circuit Breaker, Thermistor & Fuse Market Companies: Recent Developments

Some of the key players operating in the global circuit breaker, thermistor & fuse market are ABB Ltd, Alstom SA, Eaton Corporation, G&W Electric Company, General Electric (GE), Maxwell Technologies Ltd, Mitsubishi Electric Pennsylvania Breaker LLC, Schneider Electric, Siemens AG, and Toshiba Corporation.

  • In February 2019, Schneider Electric launched a new circuit breaker “Masterpact MTZ”. It is a next-generation high-power low voltage circuit-breaker, produced to improve the performance, reliability, and safety of an electrical circuit. Schneider Electric also provide most reliable industrial miniature circuit breakers which are used not only to back the entire system and also to protect it from the unwanted breakdown
  • In June 2018, ABB Ltd launched molded case circuit breakers which are necessary for higher voltage solar power plants. This advanced breaker is designed to guard combiners, switchgear, and inverters up to 1500V DC. This innovation is adding value to ABB’s protection solutions for solar plants.

Conclusion:

Circuit breaker, thermistor & fuse are the primary components which boost the growth of power generation through their enhanced functionalities and efficiency. Innovative product launches made by the major companies such as ABB Ltd, and Schneider Electric are impacting the growth of the circuit breaker, thermistor & fuse market in the near future

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