Europe Circuit Breaker Market is anticipated to grow on account of increasing measures toward integration of sustainable and reliable electrical infrastructure along with expanding transmission network across the region. Ability to reduce network failures and frequent power delays along with enhanced operational safety will boost the product demand. In addition, increasing power demand coupled with growing real estate sector will boost the business landscape.
Get more details on this report - Request Free Sample PDF
Large scale expansion of renewable energy technologies along with ongoing digitalization of power utilities will stimulate the product adoption. Shifting consumer inclination toward safe and secure electrical network along with surging infrastructure development will escalate the industry growth. Ongoing off-grid & remote areas electrification programs coupled with upsurge in investments toward construction activities will positively influence the business landscape.
Integration of smart grids and expansion of power distribution infrastructure across Austria will augment the circuit breaker industry growth. Introduction of micro grids along with development of Tier II & III cities will complement the product adoption. Space optimization, ability to reduce fire hazards and power supply faults are some of the key features which will drive the product penetration. Ongoing modernization and automation of existing industries coupled with introduction of advanced product portfolios including MCCB’s, MCB’s, ACB’s and other associated protection equipment’s will positively influence the business landscape.
Increasing infrastructural investments coupled with growing real estate sector in France will accelerate the circuit breaker market size. Refurbishment of existing buildings along with development of commercial establishments including schools, colleges, hotels and resorts will drive the product growth. In addition, increasing public and private funds toward advancement of control features and smart communication systems will enhance the business outlook.
Ongoing development of smart cities integrated with information and communication technology and data centers will fuel the product adoption. Increasing applicability in high voltage DC cables and heavy load equipment’s will boost the industry potential. In addition, wide scale utilization across bullet trains, metros, data centers and IT hubs will positively influence the business outlook.
Utility owned circuit breaker market will witness an upsurge on account of development of smart electric substation along with ongoing integration of renewable energy technologies. Shifting government inclination toward control networks and smart grid infrastructure favored by development of primary & secondary electrical infrastructure will foster the industry growth. Furthermore, introduction of major industry players in collaboration with local DISCOMs across utility based grid infrastructure will fuel the industry potential.
The major players operating in the Europe Circuit Breaker market includes ABB Group, Mitsubishi, Siemens, Schneider Electric, Eaton, Toshiba, Fuji Electric Co, Inc., Hitachi, Powell Industries, Hubbell, TE Connectivity, Mersen, BEL Fuse, L&T and Meidensha Corporation. The companies are introducing new product portfolios and developing advanced technologies for the substantial growth in the industry.