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Middle East and Africa Circuit Breaker and Fuses Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Middle East and Africa Circuit Breaker and Fuses Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Circuit Breaker and Fuses Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 0.94 USD Billion
Diagram Market Size (Forecast Year) USD 1.46 USD Billion
Diagram CAGR %

Major Markets Players

Middle East and Africa Circuit Breaker and Fuses Market, By Voltage (300V-500V, 500V- 1000V, 1000V- 1500V, 1500V-2000V, 2000V-2500V, 2500V-3000V, 3000V-3600V), Arc Quenching Media Type (Vacuum Circuit Breakers, Oil Circuit Breakers, Air Circuit Breakers), Application (Transmission and Distribution, Construction, Industrial, Power Generation, Consumer Electronics), Component (Circuit Breaker, Fuse), Circuit Breaker Technology (Air Blast, Vacuum, Oil, SF6, Others), Fuse Voltage (Low, High), End-Use (HVAC, Energy Storage, EV charging) – Industry Trends and Forecast to 2030.

 Middle East and Africa Circuit Breaker and Fuses Market

Middle East and Africa Circuit Breaker and Fuses Market Analysis and Size

The electronics, automotive, and telecommunications sectors all require advanced equipment as a result of increasing safety concern regarding short circuits and damage from fluctuations of power. Therefore, circuit breakers and fuses will continue to witness major growth during the forecast period because these devices guard against instant power fluctuations driven by problems such as overloads, overvoltage, and short circuits. Moreover, the increasing need for renewable energy connectivity and up-gradation of adept networks are likely to enhance the circuit breaker and fuse market.

Data Bridge Market Research analyses that the circuit breaker and fuses market is expected to reach USD 1.46 billion by 2030, which is USD 0.94 billion in 2022, registering a CAGR of 5.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa Circuit Breaker and Fuses Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Voltage (300V-500V, 500V- 1000V, 1000V- 1500V, 1500V-2000V, 2000V-2500V, 2500V-3000V, 3000V-3600V), Breaker Product Type (Low Voltage, High Voltage), Fuses Product Type (Specialty Fuse, Traction Fuse, Thermal Fuse, High Power Fuse, Telecom Fuse, Others), Arc Quenching Media Type (Vacuum Circuit Breakers, Oil Circuit Breakers, Air Circuit Breakers), Application (Transmission and Distribution, Construction, Industrial, Power Generation, Consumer Electronics), Component (Circuit Breaker, Fuse), Circuit Breaker Technology (Air Blast, Vacuum, Oil, SF6, Others), Fuse Voltage (Low, High), End-Use (HVAC, Energy Storage, EV charging)

Countries Covered

 

Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

 

Fujitsu (Japan), Panasonic Corporation (Japan), Alstom (France), Eaton (U.S.), General Electric (U.S.), Mitsubishi Electric Power Products, Inc.. (U.S.), Schneider Electric (France), Toshiba International Corporation (Japan), Sensata Technologies, Inc. (U.S.), SMIC (China), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), SCHURTER Holding AG (Switzerland), Powell Industries (U.S.),

Market Opportunities

  • Surging partnership between major market players
  • Insufficient electric power infrastructure

Market Definition

Circuit breakers and fuses are those devices which interrupt the flow of current by use of a high-resistance material. This type of switch is mainly designed to open the circuit when a fault arises, for instance tripping it off in case if too large amount of current flows through them. Switching can be done automatically or manually depending on specific applications and types of circuit breakers and fuses.

Middle East and Africa Circuit Breaker and Fuses Market Dynamics

Drivers

  • Increasing prevalence of medium voltage circuit breaker

Medium voltage circuit breaker holds the major market share of the circuit breaker and fuses market with huge investment in the power distribution and transmission sector. Medium voltage circuit breakers are those circuit breakers that work around 400 volts to 15kV voltage levels. The reason they are titled so is that because very low voltage conditions are not ideal for them to operate appropriately. So a medium voltage level of circuit breakers is common for them to work on. Hence, as a result of all these factors, increasing prevalence of medium voltage circuit breaker which is expected to drive the market growth.

  • Growing usage of circuit breaker and fuses in pharmaceuticals

Circuit breakers and fuses are widely used in pharmaceuticals to prevent a major increase of current by clearing the fault this aids to avoid severe damage. It is also used for isolating circuits from separating one circuit from another circuit in pharmaceuticals sector. Increasing demand for electrical equipment in pharmaceuticals sector eventually increases the demand of circuit breaker and fuse which is expected to drive the market growth.

Opportunities

  • Growth and expansion of construction sector

Rapid growth and expansion of construction market including both commercial and residential buildings is expected to increase the demand for the circuit breakers and fuses which will generate immense opportunities for the market growth in upcoming years. Modern era infrastructures are looking for large number of electrical devices such as aesthetic lighting, air-condition facilities, connected appliances security appliances and so on. This is mainly increasing the demand for the circuit breakers and fuses and enhance the market growth.

  • Insufficient electric power infrastructure  to uphold the bulk power movement

Various countries have power infrastructures lacking to uphold the bulk power movement and standards of quality required for several operations worldwide. Technologies that were developed earlier are today reflected as aging electric infrastructure. According to the U.S. Department of Energy, around 60 percent of circuit breakers are over 30 years old and 70 percent of transformer and transmission lines are over 25 years old. Now, companies are focusing on transforming or modernizing such infrastructure to help the new era of electric technology and to maintain reliability. Therefore, insufficient electric power infrastructure is expected to offer lucrative growth opportunities to the market during the forecast period.

Restraints/ Challenges

  • Environmental issues associated with the usage of SF6 based circuit breakers

Moreover, strict environmental regulations for and huge competition from the unorganized sector will further pose major challenges for market growth. These are some of the major factors are expected to hamper the market growth during the forecast period.

  • High costs associated with raw materials

High price of circuit breaker and fuses will hamper the growth of the market.Circuit breaker and fuses comprises various components such as switching and diodes mechanisms. Some of these components make use of expensive metals such as silver and gold. According to the World Gold Council, 7 percent of the total global demand for gold is used for technical applications. This is the major factor why such raw materials prices have been increasing subsequently over the last few years. Therefore the high costs of materials are anticipated to hamper the market.

This circuit breaker and fuses market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the circuit breaker and fuses market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2020, Siemens launched two outdoor distribution circuit breakers which are type SDV-R-AR arc-resistant and type SDV-R non-arc-resistant. These outdoor distribution circuit breakers are mainly manufactured for renewable energy applications such as wind power generation.
  • In 2020, Siemens announced their acquisition with C&S Electric which is a manufacturer of electrical and electronic component or equipment. Through this acquisition, they will dela with the increasing requirement for electrification products.
  • In 2020, Eaton Cummins Automated Transmission Technologies launched Endurant XD series with the advancement of Endurant Automated Transmission line-up. This series is designed for on-highway purposes, such as triple and double trailer trucks, dump trucks and logging.

Middle East and Africa Circuit Breaker and Fuses Market Scope

The circuit breaker and fuses market is segmented on the basis of voltage, brearc quenching media type, application, component, circuit breaker technology and fuse voltage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Voltage

  • 300V-500V
  • 500V- 1000V
  • 1000V- 1500V
  • 1500V-2000V
  • 2000V-2500V
  • 2500V-3000V
  • 3000V-3600V

Arc Quenching Media Type

  • Vacuum Circuit Breakers
  • Oil Circuit Breakers
  • Air Circuit Breakers

Application

  • Transmission and Distribution
  • Construction
  • Industrial
  •  Power Generation
  • Consumer Electronics

Component

  • Circuit Breaker
  • Low Voltage
  • High Voltage
  • Fuse
  • Specialty
  • Traction
  •  Thermal
  • High Power
  •  Telecom
  •  Others

 Circuit Breaker Technology

  • Air Blast
  • Vacuum
  • Oil
  • SF6
  • Others

Fuse Voltage

  • Low
  • High

End-Use

  • HVAC,
  • Energy Storage
  • EV Charging

Circuit Circuit Breaker and Fuses Market Regional Analysis/Insights

The circuit breaker and fuses market is analyzed and market size insights and trends are provided by country, voltage, arc quenching media type, application, component, circuit breaker technology and fuse voltage as referenced above.

The countries covered in the circuit breaker and fuses market report Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Circuit breaker and fuses Market Share Analysis

The circuit breaker and fuses market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to circuit breaker and fuses market.

Some of the major players operating in the circuit breaker and fuses market are:

  • Fujitsu (Japan)
  • Panasonic Corporation (Japan)
  • Alstom (France), Eaton (U.S.)
  • General Electric (U.S.)
  • Mitsubishi Electric Power Products, Inc.. (U.S.)
  • Schneider Electric (France)
  • Toshiba International Corporation (Japan)
  • Sensata Technologies, Inc. (U.S.)
  • SMIC (China)
  • Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
  • SCHURTER Holding AG (Switzerland)
  • Powell Industries (U.S.) 


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The Middle East and Africa Circuit Breaker and Fuses Market is projected to grow at a CAGR of 5.70% during the forecast period by 2030.
The future market value of the Middle East and Africa Circuit Breaker and Fuses Market is expected to reach USD 1.46 billion by 2030.
The major players in the Middle East and Africa Circuit Breaker and Fuses Market are Fujitsu (Japan), Panasonic Corporation (Japan), Alstom (France), Eaton (U.S.), General Electric (U.S.), Mitsubishi Electric Power Products, Inc.. (U.S.), Schneider Electric (France), Toshiba International Corporation (Japan), etc.
The countries covered in the Middle East and Africa Circuit Breaker and Fuses Market are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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