Global circuit breaker market is expected to reach USD 17,345.38 million by 2026 and is growing at a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The circuit breaker market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market will see a prominent growth in upcoming years due to rapidly growing construction sector, increasing access of electricity particularly in emerging nations, increase of circuit breaker across residential sector and upsurge in advancements for the transmission network. The growing influx of smart city initiative across the globe, growing safety concerns in mining sector and usage of solar circuit breaker possesses a great demand for this market.
Siemens dominated the circuit breaker market and accounts for the highest market share in 2018 and this is followed by Schneider Electric and ABB. The other key players existing in the market includes Mitsubishi Electric Corporation, Efacec, Eaton, TOSHIBA INTERNATIONAL CORPORATION, Fuji Electric Co, TE Connectivity Ltd., Honeywell International, Inc., Panasonic Corporation, Powell Industries, Carling Technologies, CG Power and Industrial Solutions Ltd, LARSEN & TOUBRO LIMITED, MAXWELL TECHNOLOGIES, INC., HAWKER SIDDELEY SWITCHGEAR, INDUSTRIAL ELECTRIC MFG, ETA Elektrotechnische Apparate GmbH, Andeli Group Co.,Ltd, Hitachi Industrial Equipment Systems Co.,Ltd, Tavrida Electric, Terasaki Electric Co.,Ltd, Yueqing Feeo Electric Co., Ltd, among others.
Siemens, headquartered in Berlin, Germany was founded in 1847. The company focuses towards engineering and innovation in electrification, automation and digitalization. The company has ten operating divisions namely, Power and gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process industry and drives, Siemens Healthineers, Siemens Gamesa, Renewable Energy and Financial Services.
The Power and gas business division is engaged in offering a broad spectrum of products and solutions for generating electricity from fossil fuels and for producing and transporting oil and gas. Energy Management division is engaged in R&D, manufacturing and marketing various software, products, systems, solutions, and services for transmitting, distributing and managing electrical power and for providing intelligent power infrastructure. Building Technologies division is engaged in R&D, manufacturing and marketing of automation technologies and digital services. Mobility division is engaged in the area of passenger and freight transportation, including rail vehicles, rail automation systems, rail electrification systems, road traffic technology, digital solutions and related services. Digital factory is engaged in providing the solutions for the automation solutions for manufacturing sector. Process industries and drives segment is engaged in providing the product, software, solution and service portfolio for moving and transportation. Siemens Healthineers is engaged in providing solutions for diagnostic imaging and laboratory diagnostics. Siemens Gamesa and Renewable Energy are engaged in the development, construction and sale of wind farms. Financial Services is engaged in supporting the customers’ investments with leasing solutions and equipment, project and structured financing in the form of debt and equity investments.
It has its global networks through direct sales representatives and distributors in the Europe, C.I.S., Asia, Africa, Middle East, Americas, and Australia. The company has various subsidiaries such as Siemens Healthcare GmbH (Germany), Dresser-Rand (U.S.), Siemens PLM Software (U.S.), Siemens Gamesa Renewable Energy, (S.A.), Siemens Technology and Services (India) and others.
Schneider Electric, headquartered in Rueil-Malmaison, France was established in 1836. The company focuses in providing energy management solutions in private and public sector. They majorly deal in improving the efficiency of the energy products by combining energy, software and automation. The company operates through two business segments which include, Energy Management and Industrial Automation.
The energy management segment is divided into three segments which are low voltage segment, medium voltage segment and high voltage segment. The low voltage segment offers a wide range of products for low voltage power and building automation products and solutions for all the end markets like buildings, industries and infrastructure to data centres. The medium voltage segment offers a wide range of products for medium voltage and grid automation activities. The secure power segment offers products for Secure Power activities. The industrial automation segment offers products for industrial automation and industrial control activities, across discrete, process & hybrid industries.
It has its global networks through direct sales representatives and distributors in the Europe, Asia, North America, South America, and Oceania. It operates through its subsidiaries such as Schneider Electric Energy (Poland), APC by Schneider Electric (India), Telemecanique (U.K.), Square D (U.S.A.), Clipsal (Australia) and others.
ABB is headquartered in Zurich, Switzerland, founded in 1988. The company is engaged in manufacturing electrification, robotics and motion, industrial automation, and power grid products. ABB operates through three major strategic business units which include Electrification Products, Robotics and Motion, Power Grids and Industrial Automation.
Electrification business segment offers innovative products, digital solutions and services from substation to socket, pointing the way to a future of safe, smart and sustainable electrification. It includes modular substation packages, distribution automation products, switchgear, circuit breakers, measuring and sensing devices, control products, solar power solutions, EV charging infrastructure, wiring accessories, and enclosures and cabling systems, including KNX systems (the recognized global standard for home and building control) and data communication networks. Industrial Automation segment offers integrated automation solutions across process, electrical and motion, measurement and analytics as well as marine and turbocharging solutions for process and hybrid industries. Robotics and motions segment offers products, solutions and related services that increases industrial productivity and energy efficiency. It includes motors, generators; drives and robotics segment is engaged in providing products and solutions for power, motion and control for a wide range of automation applications.
The company has wide geographical presence in Asia-Pacific, Europe, Middle East and Africa, Latin America and North America. It operates through its subsidiaries such as ABB India Limited (India), B&R (Austria), Thomas & Betts (USA) and others.
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