Thermal Magnetic Circuit Breakers: Introduction

  • Thermal magnetic circuit breakers are devices that provide protection from overcurrent in circuits
  • Thermal magnetic circuit breakers consist of thermal magnetic trip units that determine the time to open the contact automatically. The trip unit contains elements that sense the heat dissipated due to overload condition and then, it automatically disconnects the switch.
  • Thermal magnetic circuit breakers have two switching mechanisms: an electromagnet switch and a bimetal switch
  • Thermal magnetic circuit breakers are employed in various applications such as power generation, motor control centers, and home appliances
  • These circuit breakers are used in sectors such as energy & utility, telecom & communications, industrial, residential, and commercial

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure

Rise in Demand for Thermal Magnetic Circuit Breakers in Motor Control Centers

  • Industrial manufacturing has emerged as an attractive sector for investments by organizations across the globe. In this sector, thermal magnetic circuit breakers are significantly used for motor control centers, process control, and other industrial applications
  • In motor control centers, thermal magnetic circuit breakers play an important role of protecting the motor from heating effect. In motor control centers, a circuit breaker precisely monitors temperature of the motor. When temperature of the motor increases, the circuit breaker interrupts the mechanism of the motor to protect the circuit from overload condition. Hence, thermal magnetic circuit breakers are increasingly used in industrial applications.
  • Moreover, with the help of magnetic protection function, thermal magnetic circuit breakers prevent motor control centers from fault currents. Thus, increase in the use of thermal magnetic circuit breakers in motor control centers is expected to drive the global thermal magnetic circuit breakers market during the forecast period.

Expanding operations in future? To get the perfect launch ask for a custom report

Increase in Use of Thermal Magnetic Circuit Breakers in Industrial Processes

  • In industries  such as metals & mining, paper & pulp, and oil & gas, thermal magnetic circuit breakers are employed to protect equipment, wiring, and personnel from overcurrent fault
  • Thermal magnetic circuit breakers are largely used in industrial processes, owing to their reliability, cost effectiveness, and availability in multiple types that suit various applications

Home Appliances Segment to Witness Lucrative Opportunities

  • Based on application, the global thermal magnetic circuit breakers market can be segmented into power generation, motor control centers, home appliances, and others
  • Low-voltage thermal magnetic circuit breakers are significantly used in home appliances, as they protect equipment from overcurrent fault
  • Rise in the demand for thermal magnetic circuit breakers for use in home appliances is anticipated to drive the home appliances during the forecast period

North America to Lead Global Market

  • In terms of region, the global thermal magnetic circuit breakers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is anticipated to dominate the global thermal magnetic circuit breakers market throughout the forecast period, owing to increase in automation and ongoing technological advancements in the semiconductor industry in the region
  • The thermal magnetic circuit breakers market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. However, the market in Latin America and Middle East & Africa is estimated to expand at a moderate rate during the forecast period.

Key Players in Global Market

The global thermal magnetic circuit breakers market was highly fragmented in 2018. Prominent players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for thermal magnetic circuit breakers. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global thermal magnetic circuit breakers market are:

  • ABB
  • Eaton
  • E-T-A
  • Siemens
  • TE Connectivity
  • General Electric
  • Schneider Electric
  • Rockwell Automation
  • Carling Technologies
  • PHOENIX CONTACT

Global Thermal Magnetic Circuit Breakers Market: Research Scope

Global Thermal Magnetic Circuit Breakers Market, by Product

  • Single-pole Thermal Magnetic Circuit Breakers
  • Multi-pole Thermal Magnetic Circuit Breakers

Global Thermal Magnetic Circuit Breakers Market, by Switching Mechanism

  • Electromagnet Switch
  • Bimetal Switch

Global Thermal Magnetic Circuit Breakers Market, by Application

  • Power Generation
  • Motor Control Centers
  • Home Appliances
  • Others

Global Thermal Magnetic Circuit Breakers Market, by End-use Industry

  • Energy & Utility
  • Telecom & Communications
  • Industrial
  • Residential
  • Commercial
  • Others

Global Thermal Magnetic Circuit Breakers Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Thermal Magnetic Circuit Breakers Market

Pre Book