According to a new market report published by Transparency Market Research “Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021,” the circuit breakers and fuses market was valued at USD 20.75 billion in 2014, which is expected to reach USD 31.11 billion by 2021, growing at a CAGR of 6% from 2015 to 2021.

Browse the full Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at https://www.transparencymarketresearch.com/circuit-breakers-fuses-market.html

Circuit breakers are electric switches which operate automatically to protect the electric circuit from damage by turning itself on/off when faced with overload or short circuit. The basic function of the circuit breaker is to identify any malfunctioning and breakup in the current flow. Whereas fuses are a kind of low resistance resistor which acts as a sacrificial appliance designed to protect overcorrect protection from either load or short circuit.

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Growth of industrial and construction industry in emerging markets and increasing demand for electricity and reliable power delivery are factors driving the circuit breakers and fuses market. Moreover, electronic devices are vulnerable to failure due to power fluctuations. Private agencies and governments around the world have recommended and mandated the incorporation of device protection components such as fuses and circuit breakers in electronic devices.