Recession trips up circuit breaker market

Study finds market will decline as recovery lags

07/09/2009


It's forecast to be a tough year for the low voltage products market in North America. According to IMS Research ( www.imsresearch.com ) the market for molded case (MCCB) and power circuit breakers is expected to decline from $1.163.6B in 2008 to $1.035.6B in 2009, a contraction of 11%. The long term outlook is for the market to return to growth in the region of 3% per year. However, the period of recovery is expected to be prolonged.
While 2009 is already proving to be a difficult year for circuit breaker suppliers, the MCCB and power breaker markets are affected differently by the downturn. The collapse in the construction industry began in 2007 over a year before that of industrial production. This had the greater impact on the MCCB market leading to a drop in this market, beginning in 2007. However, recovery in the construction industry, particularly in areas such as commercial buildings, is expected to lead to an upturn in the MCCB market in 2010.
The power breaker market has lagged the MCCB market, with growth remaining positive in 2008, buoyed by the greater proportion of sales into heavy industry, such as oil and mining. These industries were more resistant to the onset of the downturn. However, recovery of the market is also lagging that of the general economy and growth is forecast to be negative through 2010, although it is expected to return to around 3% by 2012.

 





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me