US Circuit Breakers & Fuses Market Demand to Grow 5.5% Annually to 2017 in New Research Report at RnRMarketResearch.com
(PR Web Via Acquire Media NewsEdge) Dallas, TX (PRWEB) February 03, 2014
US demand to rise 5.5% annually through 2017
US demand for circuit breakers and fuses is expected to increase 5.5 percent per year to $5.1 billion in 2017. Gains will be supported by favorable conditions in most of the industries and sectors that utilize these products. Demand will be bolstered by strong growth in electricity generation and ongoing increases in construction activity by electric utilities. In addition, circuit breaker and fuse producers will benefit from solid growth in both residential and nonresidential building construction. Conditions in the manufacturing sector will also support expanding circuit breaker and fuse sales. Production of machinery, motor vehicles, and aerospace equipment will increase at improved rates, and electrical and electronic equipment manufacturing will rebound from the declines experienced during the 2007 to 2012 period. Furthermore, renewed strength in fixed investment spending will drive additional circuit breaker and fuse sales.
Complete report is available @ http://www.rnrmarketresearch.com/circuit-breakers-fuses-to-2017-market-report.html .
Residential construction to be fastest growing market
The residential construction market will post the strongest gains of any market, growing 8.4 percent per year to $290 million in 2017. This will be a considerable improvement from the declines registered during the 2007 to 2012 period. Market expansion will be the result of a major turnaround in residential construction activity, with 14 percent yearly spending increases forecast through 2017. The residential market will continue to be dominated by circuit breakers, as these products have replaced fuses in most single unit homes.
The electric power market will remain the largest end-user of circuit breakers and fuses through 2017. This was the fastest rising market during the 2007 to 2012 period, aided by increases in utility construction spending, and healthy gains are forecast to continue through 2017. Further efforts to update the US electrical grid will aid gains, as will the continued adoption of wind and solar power.
Power circuit breakers to post strongest gains
Circuit breaker sales will outpace fuse sales through 2017, and power circuit breakers will post the strongest gains of any individual product category during that time period. Demand for power circuit breakers will be driven by efforts to update the US electrical grid, as well as by the increasing utilization of these products by independent power producers and nonutility generators. Furthermore, technological advances will support sales of higher value power circuit breakers.
Domestic shipments to improve from recent declines
Shipments of circuit breakers and fuses from US manufacturers are forecast to increase 4.7 percent per year to $4.1 billion in 2017. This will be an improvement from the declines in shipments posted during the 2007 to 2012 period, but overall gains will lag demand forecasts. Growth will be supported by improved conditions in domestic demand and the reshoring of some circuit breaker and fuse-using manufacturing operations. However, manufacturers will continue to face intense competition from producers in regions with lower labor costs, particularly at the lower end of the market. Import growth will outpace export growth, and the US trade deficit in these products will expand through 2017.
Profiles 24 industry players such as ABB, Eaton, General Electric, Littelfuse, Mersen ,Schneider, Electric, and TE Connectivity
This study analyzes the US markets for and manufacturers’ shipments of circuit breakers and fuses. Specific products covered are molded case (industrial, light-duty, and specialty) and power-type circuit breakers, and related parts and accessories; and high-power (including distribution cutouts), cartridge, plug, electronic, and other fuses, as well as related parts and accessories.
Historical data for 2002, 2007, and 2012 and forecasts for 2017 and 2022 are provided in US dollars (including inflation) for sales, shipments, imports, and exports for the aggregate circuit breaker and fuse categories, and for sales of the respective circuit breaker and fuse major segments. In addition, the study provides shipments in constant dollars (2005 dollars) for aggregate circuit breakers and fuses. Historical data and forecasts for detailed product classifications are presented as sales in current dollars. The term “sales” — used interchangeably with “market,” “demand,” and “consumption” — is defined as all shipments from US plants, plus imports minus exports. Historical and forecast sales by market (electric power, nonresidential construction, machinery, electronic equipment, residential construction, nonautomotive transportation equipment, automotive, electrical equipment, and other) are also provided.
Purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=146888 .
Browse more reports on Electrical Equipment Market @ http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/electrical-equipment .
Contact sales(at)rnrmarketresearch(dot)com for further information.
RnRMarketResearch.com (http://www.rnrmarketresearch.com/ .) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.
Read the full story at http://www.prweb.com/releases/circuit-breakers-fuses/2017-market-report/prweb11547678.htm
(c) 2014 PRWEB.COM Newswire
[ Back To TMCnet.com's Homepage ]