Circuit Protection Market: Shocking Performance in 2013

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Circuit Protection Market: Shocking Performance in 2013
Circuit Protection Market: Shocking Performance in 2013

The world market for miniature circuit breakers and residual current devices (MCBs and RCDs) is projected to be worth nearly 10 billion USD in 2018, according to a recently released report by IHS. According to analyst, Toby Colquhoun, "The MCB and RCD market barely grew in 2013, relative to 2012, which was difficult for many suppliers. IHS projects a broad based recovery in 2014: MCBs and RCDs are ubiquitous in a wide variety of industries. The residential sector is the most important destination for these components and a recovery in the housing market, especially in the United States, will sustain high levels of industry growth. That said: all sectors are projected to grow, in particular the machine builder sector.

"Although the product category has a reputation to be a little staid, upcoming challenges facing the market are: the introduction of AFCI products to the IEC world, competition from Chinese suppliers and the influence of electronic solid-state components".

Posted on February 25, 2014 - (94 views)
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