SOURCE: The Freedonia Group, Inc.

January 16, 2008 10:20 ET

US Demand for Circuit Breakers and Fuses to Reach $3.6 Billion in 2011

CLEVELAND, OH--(Marketwire - January 16, 2008) - US demand for circuit breakers and fuses is forecast to grow 3.7 percent per year through 2011 to $3.6 billion. Stronger outlooks for construction of nonresidential buildings and electric utilities will boost demand for circuit breakers and fuses, aiding the recovery from the fall in demand experienced between 2000 and 2003. Circuit breakers will advance more quickly than fuses, led by strong growth in power circuit breakers. These and other trends, including market share, demand and company profiles, are presented in "Circuit Breakers & Fuses," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

The fastest growing market through 2011 will be the nonresidential construction market, with annual growth of 6.1 percent. This rebound from the losses experienced between 2001 and 2006 will follow from the dramatic resurgence of industrial construction through 2011. The electric power market will be the largest and second fastest growing source of demand for circuit breakers and fuses through 2011, reaching $1.2 billion on annual growth of 4.2 percent.

Power circuit breakers will be the fastest growing product segment through 2011. Faster growth in both utility and nonresidential building construction will be the primary reason for the recovery of power circuit breaker demand from its stagnant growth between 2001 and 2006. By 2011, power circuit breakers will account for one-third of total circuit breaker demand.

Demand for molded case circuit breakers will account for one-half of total circuit breaker and fuse demand in 2011. Increases in demand for molded case circuit breakers will benefit from faster growth of nonresidential building construction, and in particular, the strong rebound in industrial building construction. High-power fuses will be the fastest growing fuse type through 2011, with annual gains of 2.4 percent, driven by stronger construction activity in both electric power and nonresidential markets.

The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product and market forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles. More than 90% of the industrial companies in the Fortune 500 use Freedonia research to help with their strategic planning.

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