In 2016, the global circuit breaker and fuse market were worth USD 13.58 billion. The market is predicted to grow in response to the growing demand for more efficient networks as well as renewable energy connectivity.
Due to rising safety concerns about short circuits and damage caused by power fluctuations, demand for advanced equipment in the electronics, automotive, and telecommunications segments is increasing, and the market for circuit breakers and fuses is expected to grow over the forecast period.
Circuit Breaker and Fuses Market devices minimize and regulate the electric load on appliances, industrial machinery, IT goods, and electric tools, protecting them against power fluctuations caused by short circuits, overvoltage, and overload. Furthermore, rising energy consumption and increased use of circuit breakers and fuses in the automotive industry are expected to drive up demand for these devices over the forecast period.
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