QYR: Prediction that the value of High Voltage Circuit Breaker markets can be 462.87 M USD by 2022
QYResearch forecasts, the USA High Voltage Circuit Breaker markets has a total value of 287.69 M USD back in 2012, and increased to 372.15 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of High Voltage Circuit Breaker markets can be 462.87 M USD by 2022.The CAGR of High Voltage Circuit Breaker is 4.46% from 2017 to 2022.
Unlike the emerging countries, USA’s high voltage circuit breaker has been mature, and the divers are mainly from the update of the products from the power grid companies, the construction companies and the transportation companies. Besides, the drivers also comes from the new projects from all over the world.
The market here is relatively mature with relatively high concentration, and the market growth rate is relatively slow, the manufacturers need to seek new business growth point. For example, increase the market input and distribution in emerging markets to get a bigger market share and get the competition advantage.