Latest Breaking News On - Africa circuit breaker market analysis - Page 1 : comparemela.com

Share this article Share this article ResearchAndMarkets.com s offering. The global circuit breaker market is projected to reach US$8.196 billion by 2026, at a CAGR of 6.08%, from an estimated US$5.422 billion in 2019. The market is expected to be driven by the increasing projects of renewable energy, efficient energy infrastructure and increasing developmental projects, as they are in turn increasing the demand for the electricity consumption (especially in developing countries). Rapid industrialization and urbanization in the countries along with the use of the sustainable energy sources (renewable energy) caters the increase in demand for power consumption in the economies, which in turn is increasing the demand for the circuit breakers in the upcoming years. Though, intense competition from the gray market and stringent environmental and safety regulations are impacting the market.

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