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Global Circuit Breaker Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Global Circuit Breaker Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Dec 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Circuit Breaker Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 6,279.83 USD Million
Diagram Market Size (Forecast Year) USD 10,398.00 USD Million
Diagram CAGR %

Major Markets Players

  • ABB
  • Siemens
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Efacec

Global Circuit Breaker Market, By Product Type (Low Voltage Circuit Breaker, High Voltage Circuit Breaker), Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil  Circuit Breaker), External Design(Dead Tank, Live Tank), Location Type (Indoor and Outdoor),Voltage Range(Less than 500V, 500V to 1KV, 1KV to 15KV,15KV to 50KV,50KV to 150KV,150KV to 300KV, 300KV to 800KV, Greater than800V),Rated Current (Less than 500A, 500A to 1500A, 2500A to 4500A, Greater than 4500A), Operating Mechanism (Spring Operated Mechanism, Hydraulic Operating Mechanism, Pneumatic Operating Mechanism, Others), End-User(Industrial, Utility, Commercial, Automotive, Residential, Others)  - Industry Trends and Forecast to 2030.

Circuit Breaker Market

Circuit Breaker Market Analysis and Size

The investments in railway sector across the globe acts as one of the major factors driving the growth of circuit breaker market. The use in renewable sources such as photovoltaic and wind generators which require a dedicated protection system, and increase in demand for circuit breaker owning to the rising number of installations of solar and wind power plants accelerate the market growth.

Data Bridge Market Research analyses that the Global Circuit Breaker Market which was USD 6,279.83 million in 2022, is expected to reach USD 10,398.72 by 2030, and is expected to undergo a CAGR of 6.2% during the forecast period 2023-2030. This indicates the market value. Low Voltage Circuit Breakers lead the global circuit breaker market due to their versatile applications, safety features, cost-effectiveness, and compliance with regulations, meeting the rising demands for electrical infrastructure. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

By Product Type (Low Voltage Circuit Breaker, High Voltage Circuit Breaker), Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil  Circuit Breaker), External Design(Dead Tank, Live Tank), Location Type (Indoor and Outdoor),Voltage Range(Less than 500V, 500V to 1KV, 1KV to 15KV,15KV to 50KV,50KV to 150KV,150KV to 300KV, 300KV to 800KV, Greater than800V), Rated Current (Less than 500A, 500A to 1500A, 2500A to 4500A, Greater than 4500A), Operating Mechanism (Spring Operated Mechanism, Hydraulic Operating Mechanism, Pneumatic Operating Mechanism, Others), End-User (Industrial, Utility, Commercial, Automotive, Residential, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Efacec (Portugal), Eaton (Ireland), TOSHIBA INTERNATIONAL CORPORATION (U.S.), Fuji Electric Co (Japan), TE Connectivity Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Panasonic Corporation (Japan), Powell Industries (U.S.), Carling Technologies (United States), CG Power and Industrial Solutions Ltd (India), LARSEN & TOUBRO LIMITED (India), MAXWELL TECHNOLOGIES, INC. (U.S.), HAWKER SIDDELEY SWITCHGEAR (U.K.), INDUSTRIAL ELECTRIC MFG (U.S.), ETA Elektrotechnische Apparate GmbH (Germany), Andeli Group Co., Ltd (China), Hitachi Industrial Equipment Systems Co., Ltd (Japan), Tavrida Electric (Russia), Terasaki Electric Co., Ltd (Japan), Yueqing Feeo Electric Co., Ltd (China)

Market Opportunities

  • Renewables energy integration
  • Smart grid development

Market Definition

Circuit breakers refer to the electrochemical switches that break the circuit in both ways, automatically or manually under all conditions at no-load, full load and short circuit. The main purpose of the circuit breaker is detecting fault function by interrupting continually and immediately discontinue electric flow. Circuit breakers have the option of reset either automatically or manually to resume normal options.

 Global Circuit Breaker Market Dynamics

Drivers

  • Rapid urbanization and industrialization

The relentless growth of urban centers and industrial zones, especially in emerging markets, is fueling the demand for electrical infrastructure. This surge in construction and development projects necessitates robust and reliable electrical protection systems, where circuit breakers play a crucial role. As cities expand and industries flourish, the market for circuit breakers continues to grow.

  • Technological advancements

Ongoing advancements in circuit breaker technology, such as the implementation of digital protection systems and IoT integration, are transforming the industry. Digital circuit breakers allow for precise monitoring, faster fault detection, and remote control capabilities. The evolution of these technologies enhances the safety, efficiency, and maintenance of electrical systems, making circuit breakers more attractive for a wide range of applications.

Opportunity

  • Electric vehicle charging infrastructure

With the rapid adoption of electric vehicles (EVs) worldwide, there is a substantial opportunity for circuit breaker manufacturers to play a pivotal role in the expansion of EV charging infrastructure. Circuit breakers are essential for safe and efficient power distribution in charging stations. Developing specialized solutions that meet the unique demands of this growing market can lead to significant growth and innovation for the circuit breaker industry..

Restraint/Challenge

  • Stringent environmental regulations

The increasingly stringent environmental regulations and the growing emphasis on sustainability are challenging circuit breaker manufacturers to balance eco-friendliness and energy efficiency with cost-effectiveness. Achieving sustainability goals while meeting strict industry standards can be a complex task, requiring the development of circuit breakers that minimize environmental impact and reduce energy waste without significantly increasing costs. This challenge is pushing the industry to innovate and find sustainable solutions that align with global environmental initiatives.

Recent Development

  • In July 2022, Eaton's acquisition of a 50% stake in Jiangsu Huineng Electric Co., Ltd.'s circuit breaker business, a leading manufacturer of LV circuit breakers in China, facilitated the amalgamation of tailor-made products with a worldwide distribution network. This synergy empowered both entities to harness prospects in renewable energy, grid modernization, and the industrial & commercial building sectors. This strategic move bolstered Eaton's position in the circuit breaker industry, enhancing its market presence

Global Circuit Breaker Market Scope

The Global Circuit Breaker Market is segmented on the basis of product type, insulation type, external design, location types, voltage range, rated current, operating mechanism, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Types

  • Low Voltage Circuit Breaker
  • High Voltage Circuit Breaker

Insulation Types

  • Vacuum Circuit Breaker
  • Air Circuit Breaker
  • Gas Circuit Breaker
  • Oil Circuit Breaker

External Design

  • Dead Tank
  • Live Tank

Location Types

  • Indoor
  • Outdoor

Voltage Range

  • Less than 500V
  • 500V to 1KV
  • 1KV to 15KV
  • 15KV to 50KV
  • 50KV to 150KV
  • 150KV to 300KV
  • 300KV to 800KV
  • Greater than 800V

Rated Current

  • Less than 500A
  • 500A to 1500A
  • 2500A to 4500A
  • Greater than 4500A

Operating Mechanism

  • Spring Operated Mechanism
  • Hydraulic Operating Mechanism
  • Pneumatic Operating Mechanism
  • Others

End-User

  • Industrial
  • Utility
  • Commercial
  • Automotive
  • Residential
  • Others

 Global Circuit Breaker Market Region Analysis/Insights

The circuit breaker market is analyzed and market size insights and trends are provided by country, product type, insulation type, external design, location types, voltage range, rated current, operating mechanism, and end user as referenced above.

The countries covered in the global circuit breaker market report are the U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.

North America is expected to dominate the circuit breaker market due to the inclination towards the retrofit & replacement of the traditional electrical equipment with advance units within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2023to 2030 because of the rising electricity demand in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data...

Competitive Landscape and Global Circuit Breaker Market Share Analysis

The Global Circuit Breaker Market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Global Circuit Breaker Market.

Some of the major players operating in the Global Photoelectric Sensor Market are:

  • ABB (Switzerland)
  • Siemens (Germany)
  • Schneider Electric (France)
  • Mitsubishi Electric Corporation (Japan)
  • Efacec (Portugal)
  • Eaton (Ireland)
  • TOSHIBA INTERNATIONAL CORPORATION (U.S.)
  • Fuji Electric Co (Japan)
  • TE Connectivity Ltd. (Switzerland)
  • Honeywell International, Inc. (U.S.)
  • Panasonic Corporation (Japan)
  • Powell Industries (U.S.)
  • Carling Technologies (U.S.)
  • CG Power and Industrial Solutions Ltd (India)
  • LARSEN & TOUBRO LIMITED (India)
  • MAXWELL TECHNOLOGIES, INC. (U.S.)
  • HAWKER SIDDELEY SWITCHGEAR (U.K.)
  • INDUSTRIAL ELECTRIC MFG (U.S.)
  • ETA Elektrotechnische Apparate GmbH (Germany)
  • Andeli Group Co., Ltd (China)
  • Hitachi Industrial Equipment Systems Co., Ltd (Japan)
  • Tavrida Electric (Russia)
  • Terasaki Electric Co., Ltd (Japan)


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FREQUENTLY ASK QUESTIONS

The Circuit Breaker Market size will be worth USD 10,398.72 by 2030 during the forecast period.
The Circuit Breaker Market growth rate is 6.2% during the forecast period.
Technological advancements, Rapid urbanization, and industrialization are the growth drivers of the Circuit Breaker Market.
The product type, insulation type, external design, location types, voltage range, rated current, operating mechanism, and end-user are the factors on which the Circuit Breaker Market research is based.
Major companies in the Circuit Breaker Market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Efacec (Portugal), Eaton (Ireland), TOSHIBA INTERNATIONAL CORPORATION (U.S.), Fuji Electric Co (Japan), TE Connectivity Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Panasonic Corporation (Japan), Powell Industries (U.S.), Carling Technologies (United States), CG Power and Industrial Solutions Ltd (India), LARSEN & TOUBRO LIMITED (India), MAXWELL TECHNOLOGIES, INC. (U.S.), HAWKER SIDDELEY SWITCHGEAR (U.K.), INDUSTRIAL ELECTRIC MFG (U.S.), ETA Elektrotechnische Apparate GmbH (Germany), Andeli Group Co., Ltd (China), Hitachi Industrial Equipment Systems Co., Ltd (Japan), Tavrida Electric (Russia), Terasaki Electric Co., Ltd (Japan), Yueqing Feeo Electric Co., Ltd (China).
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