Global Circuit Breakers Market Size, Trends & Growth Opportunity, By Type (Low Voltage, Medium Voltage, and High Voltage), By Application (Outdoor and Indoor), By End User (Residential, Commercial, and Industrial), By Region and Forecast till 2030.
Global Circuit Breakers Market
The Global Circuit Breakers Market is expected to grow from US$ 6.06 Billion in 2022 to US$ 9.1 Billion by 2030; it is estimated to grow at a CAGR of 5.21% from 2023-2030.
Market Overview
A circuit breaker is a switching device used to protect the electrical system by preventing high-magnitude current from flowing through an electric circuit. For reliable, high-quality electricity to be delivered to the recipient, it fixes system problems and brings the system back to normal operation. Metal springs that are bent, compressed air, and hydraulic pressure are used to store potential energy. It can be controlled remotely from a distance and run independently without monitoring. It is used to effectively control, regulate, and change electric power in lighting circuits, motor control centres, and feeder circuits.
Market Drivers
Electrical trading devices see an increase in sales across the board due to continued profitability in the cutting edge sector and continued use of modern infrastructure. Most of the time, these devices are utilised in modern and professional situations. As a result, modern extended hypothesis mandates the employment of these devices in numerous creative and end-use projects. A few developing nations have energised initiatives to connect the natural areas to the framework. Additionally, a number of nations are attempting to set up distinct system zones in order to spread out a really open organisation. Additionally, these elements have increased the market potential for utility-scale switches. Ample electrical energy is being produced as a result of the rapid infrastructure upgrade driven by the increased power availability. The global circuit breaker market is anticipated to be driven by rising revenue for new confidential turn of events combined with quick overall collection of maintainable power.
Impact of Covid-19
Lockdowns enacted in response to the COVID-19 pandemic led to a temporary prohibition on manufacturing and processing, as well as import and export, across a variety of businesses and electrical utilities, which reduced consumer demand for circuit breakers. The construction of new electric utility infrastructures, renewable power plants, the grid network, residential and commercial buildings, and other power plants was also halted during the pandemic period due to a lack of labourers and an increase in the demand-supply gap. As a result, market growth declined in 2020. Although the COVID-19 immunisation is now available in a number of countries throughout the world, the circuit breakers market was anticipated to rebound by the fourth quarter of 2021 as a result of the expected improvement in the global economy.
Market Segmentation
Segmentation By Type: Global Circuit Breakers Market is segmented into type such as Low Voltage, Medium Voltage, and High Voltage.
Segmentation By Application: Global Circuit Breakers Market is segmented into Application such as Outdoor and Indoor.
Segmentation By End User: Global Circuit Breakers Market is segmented into end user such as Residential, Commercial, and Industrial.
Segmentation By Region: Global Circuit Breakers Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The circuit breaker market is expected to be dominated by the Asia Pacific region, which currently holds the largest share of the pie. Extension of the district can be attributed to business endeavours, extended framework development, and companies.
Market Key Players
Various key players are discussed in this report such as Powell Industries, Hitachi Industrial, Siemens, Equipment Systems Co. Ltd., Eaton, CG Power and Industrial Solutions Limited, Schneider Electric, Mitsubishi Electric Corporation, Toshiba Corporation, and ABB.
Industrial Development
• ABB India introduced a new line of circuit breakers for the retail sector in 2021. Under the "Make in India" initiative, the full formula DIN range of circuit breakers was created for use in both residential and commercial structures.
• At the NECA Convention in 2021 in Nashiville, US, Schneider Electric introduced the PowerPacTTM Moulded Case Circuit Breaker (MCCB) series. The new PowerPacT Series, which provides an enhanced circuit breaker solution for the future, is focused on cutting-edge technology created to fulfil the needs of Schneider Electric's customers.
Market Taxonomy
By Type
• Low Voltage
• Medium Voltage
• High Voltage
By Application
• Outdoor
• Indoor
By End User
• Residential
• Commercial
• Industrial
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Circuit Breakers Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Circuit Breakers Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Circuit Breakers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Circuit Breakers Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Circuit Breakers Market Share Analysis, By Type
5.3 Global Circuit Breakers Market Size and Forecast, By Type
5.3.1 Low Voltage
5.3.2 Medium Voltage
5.3.3 High Voltage
6 Global Circuit Breakers Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Circuit Breakers Market Share Analysis, By End User
6.3 Global Circuit Breakers Market Size and Forecast, By End User
6.3.1 Residential
6.3.2 Commercial
6.3.3 Industrial
7 Global Circuit Breakers Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Circuit Breakers Market Share Analysis, By Application
7.3 Global Circuit Breakers Market Size and Forecast, By Application
7.3. 1 Outdoor
7.3.2 Indoor
8 Global Circuit Breakers Market, By Region
8.1 Global Circuit Breakers Market Share Analysis, By Region
8.2 Global Circuit Breakers Market Share Analysis, By Region
8.3 Global Circuit Breakers Market Size and Forecast, By Region
9 North America Circuit Breakers Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Circuit Breakers Market Share Analysis, By Type
9.3 North America Circuit Breakers Market Size and Forecast, By End User
9.4 North America Circuit Breakers Market Size and Forecast, By Application
9.5 North America Circuit Breakers Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Circuit Breakers Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Circuit Breakers Market Share Analysis, By Type
10.3 Europe Circuit Breakers Market Size and Forecast, By End User
10.4 Europe Circuit Breakers Market Size and Forecast, By Application
10.5 Europe Circuit Breakers Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Circuit Breakers Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Circuit Breakers Market Share Analysis, By Type
11.3 Asia Pacific Circuit Breakers Market Size and Forecast, By End User
11.4 Asia Pacific Circuit Breakers Market Size and Forecast, By Application
11.5 Asia Pacific Circuit Breakers Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Circuit Breakers Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Circuit Breakers Market Share Analysis, By Type
12.3 Latin America Circuit Breakers Market Size and Forecast, By End User
12.4 Latin America Circuit Breakers Market Size and Forecast, By Application
12.5 Latin America Circuit Breakers Market Size and Forecast, Country
13 Middle East Circuit Breakers Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Circuit Breakers Market Share Analysis, By Type
13.3 Middle East Circuit Breakers Market Size and Forecast, By End User
13.4 Middle East Circuit Breakers Market Size and Forecast, By Application
13.5 Middle East Circuit Breakers Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Powell Industries
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Hitachi Industrial
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Siemens
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Eaton
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Equipment Systems Co. Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 CG Power and Industrial Solutions Limited
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Schneider Electric
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Toshiba Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 ABB
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
