By 2024, the global circuit breaker market will exceed 13.5 billion US dollars

According to a report by Global Market Insights, the global circuit breaker market is expected to exceed $13.5 billion by 2024.

The U.S. circuit breaker market share is expected to exceed 7%. In terms of the European circuit breaker market, the UK's revenue in 2015 exceeded $140 million. Investments in the development of new smart grid infrastructure will expand industry prospects. By 2024, China's circuit breaker market will exceed $2 billion. A large number of projects that provide renewable energy to households, such as the China Rural Electrification Project and the China Rural Electrification Project, will boost the development of the Chinese market. The Indian circuit breaker market is expected to grow by more than 8%. The Brazilian circuit breaker market is expected to exceed $450 million. The grid connection of renewable energy generation to the national grid and state grid will expand the market demand.