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Cape Town, South Africa, 2010/07/26 - The South African low voltage circuit breakers market has witnessed significant growth since 2006, driven by an increase in investment within the metals, minerals and mining, construction and power generation industries.
The South African low voltage circuit breakers market has witnessed significant growth since 2006, driven by an increase in investment within the metals, minerals and mining, construction and power generation industries. Although the global financial crisis largely affected demand within a few key end-user sectors in 2008 and 2009, the low voltage circuit breakers market is expected to witness strong and steady growth over the next five years.
New analysis from Frost & Sullivan (motors.frost.com), South African Low Voltage Circuit Breakers Market, finds that the market earned revenues of $196.4 million in 2008 and estimates this to reach $377.0 million in 2015. The products covered in this study are air circuit breakers, miniature circuit breakers, and moulded case circuit breakers.
If you are interested in more information on this study, please send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
"Eskom's investment in expanding existing energy infrastructure is a factor that is likely to boost the demand for circuit breaker products during the medium and long terms," says Frost & Sullivan Industry Analyst James Fungai Maposa. "Eskom proposes to invest an estimated $385.00 billion in additional capacity."
However, a decline in short-term investment in the metals, minerals and mining sector as well as the shelving and cancellation of projects in the construction industry, particularly the residential sector, has resulted in a fall in the demand for circuit breakers.
"Expansion activity within most of the process industries has also been subdued, with purchases being restricted to strategic buys, further contributing to a decline in demand for circuit breaker products," explains Maposa.
Despite these challenges, strong market growth continues to be anticipated in the mid- and long-term buoyed by the government's proposal to increase the number of low-cost houses.
"With an anticipated revival of the global economy in 2011, demand for circuit breakers is expected to steadily rise from 2011 to 2015, buoyed by investments in infrastructure expansion projects within the chemicals and petrochemicals, power generation, construction and water and waste water industries," concludes Maposa.
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South African Low Voltage Circuit Breakers Market / M50D