세계의 회로 차단기 및 퓨즈(Circuit Breaker and Fuse) 시장 규모는 2022년 162억 달러에서 2030년 253억 달러에 달할 것으로 예상되며, 2023-2030년 사이 CAGR로 5.7%로 추이하며 성장 할 것으로 전망되고 있습니다.
시장의 성장 촉진 요인은 보급률의 상승, 기술의 진보, 건설 활동 증가, 인프라 개발, 투자 증가, 각 산업에 있어서의 전기 안전에 대한 수요의 급증 등입니다. 또한 스마트하고 친환경적인 솔루션의 발전은 이들이 발전하는 에너지 효율과 환경 규제에 부합하기 때문에 시장 확대에 기여하고 있습니다.
스마트 기능과 셀프 리셋 기능 등 퓨즈 기술의 진보가 시장의 성장을 비약적으로 촉진하고 있습니다. 이러한 혁신은 신뢰성을 높이고 가동 중지 시간을 단축하며 안전성을 향상시켜 다양한 산업 분야에서 효율적이고 정교한 전기 보호 솔루션에 대한 수요 증가에 부응하고 있습니다.
예를 들어, 2022년 10월, LittleFuse Inc.는 4가지 회로 보호 장치로 구성된 eFuse Protection IC를 발표했습니다. 이 IC는 3.3-28 볼트 입력 범위와 통합 보호를 제공하는 최신 설계를 활용합니다. 또한 이러한 전자 퓨즈는 단락, 과전류, 역전류 등에 대한 보호 기능을 제공합니다.
보호 릴레이의 이용 확대가 회로 차단기 및 퓨즈 시장을 크게 밀어 올립니다. 게다가 발전, 유틸리티, 산업용도 등 다양한 산업에서 안정적이고 자동화된 보호 솔루션에 대한 수요가 증가하고 시장이 확대되고 있습니다.
2022년 2월 ABB는 특정 SPACOM 보호 릴레이를 최신 보호 및 제어 기술인 REX610으로 업그레이드하는 것을 목표로 하는 Relay Retrofit Program을 발표했습니다. REX610은 진보하는 전력망의 요구사항에 적응하도록 설계된 종합적인 보호 릴레이이며, 다목적이고 친환경적인 미래를 향한 솔루션을 제공합니다.
에어 회로 차단기의 채택 확대가 회로 차단기 및 퓨즈 시장의 성장을 뒷받침하고 있습니다. 이 회로 차단기는 전기적 과부하 및 단락에 대한 신뢰성 있고 효율적인 보호 기능을 제공하기 때문에 다양한 용도로 선호됩니다. 그 적응성, 유지 보수의 용이성, 고전류 대응 능력은 특히 최대의 전기 안전성과 장비 보호가 요구되는 상업 부문 시장 확대에 기여합니다.
예를 들어, Schneider Electric은 2023년 5월 캐나다 시장을 위해 조정된 최신 고압 회로 차단기인 EvoPacT를 발표했습니다. 이 향상된 솔루션은 인프라, 대규모 상업시설, 전력 집약적 인 비즈니스, 클라우드 및 서비스 제공 업체의 요구 사항을 충족하도록 정교하게 만들어졌습니다.
송전망에 대한 투자 증가는 회로 차단기 및 퓨즈 시장에 큰 기회를 가져왔습니다. 이러한 투자는 배전을 강화하고 신뢰성과 효율성을 보장하기 위한 것입니다. 또한, 신재생에너지원과 스마트 그리드 기술에 대응할 필요성과 함께, 송전망 인프라의 확대가 회로 보호 디바이스 수요를 촉진하고 있습니다.
예를 들어 중국의 State Grid Corporation은 2023년 1월, 2021년부터 2025년까지의 14차 5개년 계획 기간 전체에 3,290억 달러를 할당하는 광범위한 투자의 일부로, 2023년에 송전 프로젝트에 770억 달러 투자 계획을 발표했습니다. 게다가 중요한 전력 기업인 China Southern Power Grid는 이 사업에 990억 달러를 투자한다고 밝혔습니다. 현지 기업의 투자와 함께, 이 부문에 대한 국가 투자의 총액은 4,420억 달러에 이를 것으로 예측됩니다.
북미는 견고한 산업 인프라, 건설 부문의 성장, 전기 안전 기준에 대한 관심 증가 등의 요인에 의해 세계의 회로 차단기 및 퓨즈 시장 리더로서 대두해, 회로 보호 디바이스 수요를 촉진하고 있습니다. 이 지역에서는 스마트 그리드 기술과 신재생에너지에 대한 투자가 활발히 이루어지고 있으며, 시장의 성장을 더욱 촉진하고 있습니다. 게다가 엄격한 규제 준수와 기술의 진보에 대한 강한 고집이 함께 북미는 최근의 회로 차단기 및 퓨즈 시장 성장의 최전선에 있습니다.
세계의 회로 차단기 및 퓨즈(Circuit Breaker and Fuse) 시장에 대해 조사 분석했으며, 시장 규모 및 예측/시장 역학/주요 기업 정세 및 전망 등을 제공합니다.
Global circuit breaker and fuse market size was valued at USD 16.2 billion in 2022, which is expected to reach USD 25.3 billion in 2030, with a CAGR of 5.7% for the forecasted period between 2023 and 2030.
Circuit breakers and fuses provide crucial protection by preventing electrical overloads and faults and enhancing safety and safeguarding equipment. The market growth is driven by the rise in adoption rate, technological advancements, increasing construction activities, infrastructure development, rise in investments, and the surge in demand for electrical safety across industries. Additionally, advancements in smart and eco-friendly solutions contribute to market expansion as they meet evolving energy efficiency and environmental regulations.
The technological advancements in fuses, such as smart and self-resetting features, are propelling the market growth exponentially. These innovations enhance reliability, reduce downtime, and improve safety, thereby meeting the growing demand for efficient and sophisticated electrical protection solutions in various industries.
For example, in October 2022, LittleFuse Inc., introduced the eFuse Protection ICs of 4 distinct circuit protection devices. These ICs utilize a modern design which provides a power input range from (3.3 to 28) Volts as well as integrated protection. Additionally, these electronic fuses provide protection against short circuit, overcurrent, reverse current, etc.
The increased utilization of protective relays significantly boost the Circuit Breakers and Fuses Market. Protective relays are vital in monitoring and responding to electrical system abnormalities, such as overcurrent, short circuits, and voltage imbalances. They trigger circuit breakers and fuses to protect equipment and prevent electrical hazards. Moreover, the growing demand for reliable and automated protection solutions in various industries, including power generation, utilities, and industrial applications, is expanding the market.
In February 2022, ABB introduced the Relay Retrofit Program, which aimed to upgrade specific SPACOM protection relays to the latest protection and control technology, REX610. It is an all-inclusive protection relay engineered to adjust to the requirements of advancing power grids, offering a versatile, eco-friendly, and forward-looking solution.
The increased adoption of air circuit breakers drives growth in the circuit breaker and fuse market. These circuit breakers offer reliable and efficient protection against electrical overloads and short circuits, making them a preferred choice in various applications. Their adaptability, ease of maintenance, and ability to handle high currents contribute to market expansion, especially in industrial and commercial sectors, where maximum electrical safety and equipment protection are required.
For example, in May 2023, Schneider Electric unveiled EvoPacT, its latest medium voltage circuit breaker, tailored for the Canadian market. This enhanced solution has been carefully crafted to meet the requirements of infrastructure, sizeable industrial and commercial facilities, power-intensive operations, as well as cloud and service providers.
Increased investments in transmission grids are creating substantial opportunities within the Circuit Breaker and Fuse Market. These investments aim to enhance power distribution, ensuring reliability and efficiency. Moreover, the expansion of grid infrastructure, coupled with the need to accommodate renewable energy sources and smart grid technologies are driving the demand for circuit protection devices.
For example, in January 2023, China's State Grid Corporation announced its plans to invest USD 77 billion in transmission projects in 2023, as part of its broader commitment to allocate USD 329 billion during the entire 14th Five-Year Plan period from 2021 to 2025. In addition, China Southern Power Grid, a significant electric utility, had stated to contribute USD 99 billion to this undertaking. When combined with investments from regional companies, the total national investments in this sector are projected to reach USD 442 billion.
North America has emerged as a leader in the global circuit breaker and fuse market due to factors such as robust industrial infrastructure, a growing construction sector, and increasing focus on electrical safety standards, driving the demand for circuit protection devices. The region has witnessed substantial investments in smart grid technology and renewable energy, further boosting the market growth. Moreover, stringent regulatory compliance, coupled with a strong emphasis on technological advancements, position North America at the forefront of circuit breakers and fuse market growth in recent years.
For example, in March 2022, National Grid and Siemens Energy joined forces in Orlando, Florida, to carry out a state-of-the-art upgrade of a National Grid substation, incorporating Siemens Energy's "Blue circuit breakers", which were designed with fluorinated gas-free technology, clean air insulation, and vacuum switching technology.
Government initiatives are crucial for the market as they promote safety and support sustainable electrical infrastructure. Regulations and standards enforced by governments ensure the use of reliable and certified products, enhancing public and industrial safety. Incentives, such as tax credits for energy-efficient solutions, stimulate innovation in the market. Government investments in infrastructure projects drive market growth. Overall, these initiatives play a pivotal role in maintaining the integrity of electrical systems, reducing electrical hazards, and promoting energy efficiency.
For example, the National Electrical Code (NEC), introduced by the United States government, stated that overcurrent protection is a necessity in every electrical circuit, whether it involves high-voltage transmission lines with substantial amperage or low-voltage lighting circuits with minimal amperage. Moreover, certain devices are designed to safeguard both conductors and equipment from the risks of overloads and short-circuits.
The market witnessed a significant transformation in the COVID-19 pandemic. Pre-COVID-19, the market was on a growth trajectory, driven by urbanization, industrialization, and increased power distribution needs. However, the pandemic disrupted supply chains, causing delays and hindrances in production and construction activities. It resulted in a temporary dip in demand as projects were postponed. In the post-COVID-19 era, the market gradually recovered as construction projects resumed, emphasizing the importance of reliable electrical infrastructure. The pandemic accelerated the adoption of advanced technologies, such as smart and IoT-enabled circuit protection solutions, driven by the increased reliance on technology in remote work and healthcare sectors. The market is now evolving, characterized by enhanced safety and technological integrations.
Global circuit breaker and fuse market is rapidly advancing, marked by major companies boosting their investments in smart meters and circuit breakers. Furthermore, these firms are committing substantial resources to improve their market position and financial performance. They are actively engaging in collaborations, acquisitions, and partnerships, which are redefining the industry's dynamics and accelerating overall market growth.
In October 2023, ABB introduced the SACE Infinitus solid-state circuit breaker, which will have its debut in Japan at the CEATEC 2023 sustainable technology exhibition from October 17 to 20th in Makuhari, Chiba City. The SACE Infinitus represents a groundbreaking achievement as the world's inaugural IEC60947-2 solid-state circuit breaker, playing a pivotal role in ushering in the next era of sustainable energy networks.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.