Press Release

Circuit Breaker Market Size and Detailed Analysis Focusing On Key Players | Fortune Business Insights

Top Players in Circuit Breaker Market Schneider Electric, Eaton Corporation, ABB, Siemens, General Electric, Mitsubishi Electric, Toshiba, Larsen Toubro, CG Power & Industrial Solution Ltd., BCH Electric Ltd., Westinghouse Electric Corporation, Federal Pacic, and Kirlos

The global circuit breaker market is set to attain a value of USD 25.75 billion by 2026, displaying a CAGR of 6.97% during the forecast period. The main driving factor for this is the ever-increasing demand for electricity around the world. According to the International Energy Agency (IEA), in 2018, world electricity demand increased by 4%, double the amount of the overall energy demand. Among nations, China and the US accounted for 70% of the total global demand. Increasing demand and consumption of electricity will lead to a corresponding rise in the demand for circuit breakers, since they are essential components in any electrical system. Circuit breakers are basically switching devices, that is, their primary function is to disturb or interrupt the flow of fault or abnormal current. This protects the electrical system from any damage and prevents any potential accidents.

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Some of the prominent companies in the global circuit breaker market include:

  • CG Power and Industrial Solutions Limited
  • ABB
  • Atom Power, Inc.
  • Mitsubishi Electric Corporation
  • Salzer Group
  • Schneider Electric
  • Larsen & Toubro Limited
  • Kirloskar Electric Company
  • Siemens AG
  • GE

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Key Market Driver –  Enormous demand for electricity

Key Market Restraint –  High installation and maintenance cost

 

Segmentation

1. By Voltage

  • Low Voltage
  • Medium Voltage
  • High Voltage

2. By Installation Location

  • Indoor Circuit Breakers
  • Outdoor Circuit Breakers

3. By End User

  • Residential
  • Commercial
  • Industrial
  • Utility

4. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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Industrial Development to Propel the Market in Asia-Pacific

Among regions, Asia-Pacific is expected to dominate the global circuit breaker market share owing to the fast-paced industrial and manufacturing sector development, especially in China and India. Moreover, increasing infrastructure activities in the region will further enlarge the global circuit breaker market size till 2026. Heightened urbanization will make Africa the most promising regional market for circuit breakers in the coming decade, while oil and gas exploration and refinement activities will fuel the market in the Middle East. North America and Europe are anticipated to make sizeable contributions to the global circuit breaker market revenue in the forecast period.

Development of Innovative Products to Intensify Competition

Key players in the global circuit breaker market are increasingly focusing on creating and launching new and innovative products so as to gain a competitive edge. For example, in April 2019, Hannover-based ABB introduced their solid-state circuit breaker that is designed to enable electrical systems and grids to adapt renewable energy solutions and improve industrial battery storage capacities. Similarly, Schneider Electric upgraded their Masterpact circuit breakers product line with the Masterpact MTZ, which is specifically designed to empower smart devices to cope with Internet of Things (IoT) tools and solutions.

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Table of Content

5. Global Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
5.1. Key Findings/Summary
5.2. Market Analysis, Insights and Forecast – By Voltage
5.2.1. Low Voltage
5.2.2. Medium Voltage
5.2.3. High Voltage
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1. Residential
5.3.2. Commercial
5.3.3. Industrial
5.3.4. Utility
5.4. Market Analysis, Insights and Forecast – By Installation
5.4.1. Indoor
5.4.2. Outdoor
5.5. Market Analysis, Insights and Forecast – By Rated Voltage
5.5.1. Upto 500V
5.5.2. 500V- 1kV
5.5.3. 1kV-15kV
5.5.4. 15kV-50kV
5.5.5. 50kV-70kV
5.5.6. 70kV-150kV
5.5.7. 150kV-300kV
5.5.8. 300kV-600kV
5.5.9. 600kV-800kV
5.5.10. Above 800kV
5.6. Market Analysis, Insights and Forecast – By Region
5.6.1. North America
5.6.2. Latin America
5.6.3. Europe
5.6.4. Asia Pacific
5.6.5. Middle East & Africa
6. North America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
6.1. Key Findings/ Summary
6.2. Market Analysis, Insights and Forecast – By Voltage
6.2.1. Low Voltage
6.2.2. Medium Voltage
6.2.3. High Voltage
6.3. Market Analysis, Insights and Forecast – By End User
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Utility
6.4. Market Analysis, Insights and Forecast – By Installation
6.4.1. Indoor
6.4.2. Outdoor
6.5. Market Analysis, Insights and Forecast – By Rated Voltage
6.5.1. Upto 500V
6.5.2. 500V- 1kV
6.5.3. 1kV-15kV
6.5.4. 15kV-50kV
6.5.5. 50kV-70kV
6.5.6. 70kV-150kV
6.5.7. 150kV-300kV
6.5.8. 300kV-600kV
6.5.9. 600kV-800kV
6.5.10. Above 800kV
6.6. Market Analysis, Insights and Forecast – By Country
6.6.1. U.S.
6.6.2. Canada
7. Latin America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
7.1. Key Findings/ Summary
7.2. Market Analysis, Insights and Forecast – By Voltage
7.2.1. Low Voltage
7.2.2. Medium Voltage
7.2.3. High Voltage
7.3. Market Analysis, Insights and Forecast – By End User
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.3.4. Utility
7.4. Market Analysis, Insights and Forecast – By Installation
7.4.1. Indoor
7.4.2. Outdoor
7.5. Market Analysis, Insights and Forecast – By Rated Voltage
7.5.1. Upto 500V
7.5.2. 500V- 1kV
7.5.3. 1kV-15kV
7.5.4. 15kV-50kV
7.5.5. 50kV-70kV
7.5.6. 70kV-150kV
7.5.7. 150kV-300kV
7.5.8. 300kV-600kV
TOC Coninued…!

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