The global circuit breaker and fuses market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. The major factors contributing to the growth of the market include the rising demand for renewable energy sources and the growing construction industry. As per the International Renewable Energy Agency (IRENA), the global solar energy capacity increased from 488.7 gigawatts (GW) in 2018 to 586.4 GW in 2019. Solar energy and wind energy is constantly leading renewable capacity expansion. These combinedly accounted for 90% of total net renewable additions in 2019. Growing environmental concerns such as rising carbon emission, air pollution, and global warming are the major factors encouraging the adoption of solar panels.