PUBLISHER: IMARC | PRODUCT CODE: 1423220
PUBLISHER: IMARC | PRODUCT CODE: 1423220
Circuit Breaker Market Report by Product Type, Voltage, Technology, End-Use, and Region 2024-2032
Abstract
The global circuit breaker market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. The rising demand for renewable energy sources, increasing installation of circuit breakers in utilities and power plants, and the growing utilization of electrical appliances in households represent some of the key factors driving the market.
A circuit breaker refers to a switching device that interrupts the flow of high-magnitude current in an electric circuit to protect the electrical system from damage. It removes faults from the system and restores the normal functioning required for supplying reliable quality power to the receiving end. It stores potential energy by deforming metal springs, compressed air, and hydraulic pressure. It can operate independently without any supervision and can be remotely controlled from a distance. It efficiently controls, regulates, and modifies electric power and is used in lighting circuits, motor control centers, and feeder circuits. It detects the abnormality in the temperature of an electric system and the occurrence of short circuits causing fire outbreaks and damage to the circuit. Furthermore, as it is suitable for harsh conditions, requires minimum maintenance, and improves electrical safety measures, the demand for circuit breaker is rising around the world.
Circuit Breaker Market Trends:
At present, the increasing demand for circuit breakers due to rising improvements in electrical transmission networks represents one of the key factors influencing the market positively. Besides this, governing agencies of various countries are undertaking initiatives to expand the power-generating capacity and fulfill the electricity requirements of urban and rural areas. They are also replacing conventional electric equipment with modern and technologically advanced systems to reduce energy wastage and improve safety measures. In addition, the rising demand for renewable energy generation sources on account of the growing environmental concerns among the masses is offering a positive market outlook. Apart from this, the increasing utilization of various electrical appliances, such as washing machines, mixers, blenders, refrigerators, vacuum cleaners, and air purifiers, in households to simplify chores is contributing to the growth of the market. Additionally, the rising installation of heavy machinery in industries to increase productivity and efficiently carry out routine tasks is strengthening the market growth. Moreover, the increasing installation of circuit breakers in utilities and power plants to operate grids safely and deliver electricity to consumers is bolstering the market growth. Furthermore, the rising utilization of electric vehicles (EVs) to reduce emissions of automobile exhausts in the air and the usage of fossil fuels is supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global circuit breaker market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, voltage, technology and end use.
Product Type Insights:
Indoor Circuit Breakers
Outdoor Circuit Breakers
The report has provided a detailed breakup and analysis of the circuit breaker market based on the product type. This includes indoor circuit breakers and outdoor circuit breakers. According to the report, outdoor circuit breaker represented the largest segment.
Voltage Insights:
Low Voltage
Medium Voltage
High Voltage
A detailed breakup and analysis of the circuit breaker market based on the voltage has also been provided in the report. This includes low voltage, medium volage, and high voltage. According to the report, high voltage accounted for the largest market share.
Technology Insights:
Air
Vacuum
Oil
SF6
A detailed breakup and analysis of the circuit breaker market based on the technology has also been provided in the report. This includes air, vacuum, oil, and SF6. According to the report, air accounted for the largest market share.
End-Use Insights:
Transmission and Distribution
Renewable
Power Generation
Railways
A detailed breakup and analysis of the circuit breaker market based on the end-use has also been provided in the report. This includes transmission and distribution, renewable, power generation, and railways. According to the report, transmission and distribution accounted for the largest market share.
Regional Insights:
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. According to the report, Asia Pacific was the largest market for circuit breaker. Some of the factors driving the Asia Pacific circuit breaker market included the rising demand for electric vehicles (EVs), technological advancements, increasing utilization of advanced machines in industries, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global circuit breaker market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd, Alstom Holdings, Eaton Corporation plc, General Electric Company, Mitsubishi Electric Power Products, INC., Schneider Electric, Siemens, Camsco Electric Co., Ltd, G&W Electric, Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., Schurter Holding AG, Sensata Technologies, Inc., Toshiba Corporation, etc.
Key Questions Answered in This Report
- 1. What was the size of the global circuit breaker market in 2023?
- 2. What is the expected growth rate of the global circuit breaker market during 2024-2032?
- 3. What are the key factors driving the global circuit breaker market?
- 4. What has been the impact of COVID-19 on the global circuit breaker market?
- 5. What is the breakup of the global circuit breaker market based on the product type?
- 6. What is the breakup of the global circuit breaker market based on the voltage?
- 7. What is the breakup of the global circuit breaker market based on the technology?
- 8. What is the breakup of the global circuit breaker market based on the end use?
- 9. What are the key regions in the global circuit breaker market?
- 10. Who are the key players/companies in the global circuit breaker market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Circuit Breaker Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Voltage
- 5.6 Market Breakup by Technology
- 5.7 Market Breakup by End-Use
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.11.1 Overview
- 5.11.2 Research and Development
- 5.11.3 Raw Material Procurement
- 5.11.4 Manufacturing
- 5.11.5 Marketing
- 5.11.6 Distribution
- 5.11.7 End-Use
- 5.12 Porters Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
- 5.13 Price Analysis
- 5.13.1 Key Price Indicators
- 5.13.2 Price Structure
- 5.13.3 Price Trends
6 Market Breakup by Product Type
- 6.1 Indoor Circuit Breakers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Outdoor Circuit Breakers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Voltage
- 7.1 Low Voltage
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium Voltage
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High Voltage
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Air
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Vacuum
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Oil
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 SF6
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by End-Use
- 9.1 Transmission and Distribution
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Renewable
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Power Generation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Railways
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 Asia Pacific
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 North America
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Europe
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 Circuit Breaker Manufacturing Process
- 11.1 Product Overview
- 11.2 Raw Material Requirements
- 11.3 Manufacturing Process
- 11.4 Key Success and Risk Factors
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 ABB
- 12.3.2 Alstom
- 12.3.3 Eaton Corporation
- 12.3.4 General Electric Company
- 12.3.5 Mitsubishi Electric Power Products
- 12.3.6 Schneider Electric
- 12.3.7 Siemens
- 12.3.8 Camsco Electric
- 12.3.9 G&W Electric
- 12.3.10 Kirloskar Electric
- 12.3.11 Larsen & Toubro Limited
- 12.3.12 Powell Industries
- 12.3.13 Schurter Holding
- 12.3.14 Sensata Technologies
- 12.3.15 Toshiba
List of Figures
- Figure 1: Global: Circuit Breaker Market: Major Drivers and Challenges
- Figure 2: Global: Circuit Breaker Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Circuit Breaker Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Circuit Breaker Market: Breakup by Voltage (in %), 2023
- Figure 5: Global: Circuit Breaker Market: Breakup by Technology (in %), 2023
- Figure 6: Global: Circuit Breaker Market: Breakup by End-Use (in %), 2023
- Figure 7: Global: Circuit Breaker Market: Breakup by Region (in %), 2023
- Figure 8: Global: Circuit Breaker Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: Circuit Breaker Market: Average Prices (US$/Unit), 2018-2032
- Figure 10: Circuit Breaker Market: Price Structure
- Figure 11: Global: Circuit Breaker Industry: SWOT Analysis
- Figure 12: Global: Circuit Breaker Industry: Value Chain Analysis
- Figure 13: Global: Circuit Breaker Industry: Porter's Five Forces Analysis
- Figure 14: Global: Circuit Breaker (Indoor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Circuit Breaker (Indoor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Circuit Breaker (Outdoor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Circuit Breaker (Outdoor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Circuit Breaker (Low Voltage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Circuit Breaker (Low Voltage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Circuit Breaker (Medium Voltage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Circuit Breaker (Medium Voltage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Circuit Breaker (High Voltage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Circuit Breaker (High Voltage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Circuit Breaker (Air) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Circuit Breaker (Air) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Circuit Breaker (Vacuum) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Circuit Breaker (Vacuum) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Circuit Breaker (Oil) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Circuit Breaker (Oil) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Circuit Breaker (SF6) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Circuit Breaker (SF6) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Circuit Breaker (Transmission and Distribution) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Circuit Breaker (Transmission and Distribution) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Circuit Breaker (Renewable) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Circuit Breaker (Renewable) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Circuit Breaker (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Circuit Breaker (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Circuit Breaker (Railways) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Circuit Breaker (Railways) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Asia Pacific: Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Asia Pacific: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: North America: Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: North America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Europe: Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Europe: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Middle East and Africa: Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Middle East and Africa: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Latin America: Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Latin America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Circuit Breaker Manufacturing: Process Flow
List of Tables
- Table 1: Global: Circuit Breaker Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Circuit Breaker Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Circuit Breaker Market Forecast: Breakup by Voltage (in Million US$), 2024-2032
- Table 4: Global: Circuit Breaker Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 5: Global: Circuit Breaker Market Forecast: Breakup by End-Use (in Million US$), 2024-2032
- Table 6: Global: Circuit Breaker Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Circuit Breaker: Raw Material Requirements
- Table 8: Global: Circuit Breaker Market Structure
- Table 9: Global: Circuit Breaker Market: Key Players-2032
