Global Circuit Breaker Market 2024-2028

The circuit breaker market is forecasted to grow by USD 3378.61 mn during 2023-2028, accelerating at a CAGR of 6.11% during the forecast period. The report on the circuit breaker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of renewable energy, increase in number of residential and commercial building projects, and growing investments in electric power systems.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.67%
CAGR	6.11%
Incremental Value	$3378.61mn

Technavio's circuit breaker market is segmented as below:

By Power Rating

High
Medium
Low

By End-user

Commercial
Industrial
Residential
Utilities

By Geography

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the rise in adoption of smart grids as one of the prime reasons driving the circuit breaker market growth during the next few years. Also, emergence of smart grids and increase in offshore wind farm installations will lead to sizable demand in the market.

The report on the circuit breaker market covers the following areas:

Circuit breaker market sizing
Circuit breaker market forecast
Circuit breaker market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading circuit breaker market vendors that include ABB Ltd., BCH Electric Ltd., Camsco Electric Co. Ltd., CG Power and Industrial Solutions Ltd., Eaton Corp. Plc, General Electric Co., Larsen and Toubro Ltd., LS ELECTRIC Co. Ltd., Meidensha Corp., Mitsubishi Electric Corp., Myers Power Products Inc., Powell Industries Inc., Schneider Electric SE, Siemens AG, Tavrida Electric GmbH, Toshiba Corp., Zhejiang CHINT Electrics Co. Ltd., TE Connectivity Ltd., Salzer Electronics Ltd., and Hyundai Electric and Energy Systems Co. Ltd.. Also, the circuit breaker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74485

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Power Rating
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global circuit breaker market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global circuit breaker market 2018 - 2022 ($ million)
4.2 Power Rating Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Power Rating Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Power Rating

6.1 Market segments
Exhibit 30: Chart on Power Rating - Market share 2023-2028 (%)
Exhibit 31: Data Table on Power Rating - Market share 2023-2028 (%)
6.2 Comparison by Power Rating
Exhibit 32: Chart on Comparison by Power Rating
Exhibit 33: Data Table on Comparison by Power Rating
6.3 High - Market size and forecast 2023-2028
Exhibit 34: Chart on High - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on High - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on High - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on High - Year-over-year growth 2023-2028 (%)
6.4 Medium - Market size and forecast 2023-2028
Exhibit 38: Chart on Medium - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Medium - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Medium - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Medium - Year-over-year growth 2023-2028 (%)
6.5 Low - Market size and forecast 2023-2028
Exhibit 42: Chart on Low - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Low - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Low - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Low - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Power Rating
Exhibit 46: Market opportunity by Power Rating ($ million)
Exhibit 47: Data Table on Market opportunity by Power Rating ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 50: Chart on Comparison by End-user
Exhibit 51: Data Table on Comparison by End-user
7.3 Commercial - Market size and forecast 2023-2028
Exhibit 52: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Exhibit 56: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Residential - Market size and forecast 2023-2028
Exhibit 60: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.6 Utilities - Market size and forecast 2023-2028
Exhibit 64: Chart on Utilities - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Utilities - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Utilities - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Utilities - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 68: Market opportunity by End-user ($ million)
Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share by geography 2023-2028 (%)
Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 115: Market opportunity by geography ($ million)
Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 123: ABB Ltd. - Overview
Exhibit 124: ABB Ltd. - Business segments
Exhibit 125: ABB Ltd. - Key offerings
Exhibit 126: ABB Ltd. - Segment focus
12.4 CG Power and Industrial Solutions Ltd.
Exhibit 127: CG Power and Industrial Solutions Ltd. - Overview
Exhibit 128: CG Power and Industrial Solutions Ltd. - Business segments
Exhibit 129: CG Power and Industrial Solutions Ltd. - Key offerings
Exhibit 130: CG Power and Industrial Solutions Ltd. - Segment focus
12.5 Eaton Corp. Plc
Exhibit 131: Eaton Corp. Plc - Overview
Exhibit 132: Eaton Corp. Plc - Business segments
Exhibit 133: Eaton Corp. Plc - Key news
Exhibit 134: Eaton Corp. Plc - Key offerings
Exhibit 135: Eaton Corp. Plc - Segment focus
12.6 General Electric Co.
Exhibit 136: General Electric Co. - Overview
Exhibit 137: General Electric Co. - Business segments
Exhibit 138: General Electric Co. - Key news
Exhibit 139: General Electric Co. - Key offerings
Exhibit 140: General Electric Co. - Segment focus
12.7 Larsen and Toubro Ltd.
Exhibit 141: Larsen and Toubro Ltd. - Overview
Exhibit 142: Larsen and Toubro Ltd. - Business segments
Exhibit 143: Larsen and Toubro Ltd. - Key news
Exhibit 144: Larsen and Toubro Ltd. - Key offerings
Exhibit 145: Larsen and Toubro Ltd. - Segment focus
12.8 LS ELECTRIC Co. Ltd.
Exhibit 146: LS ELECTRIC Co. Ltd. - Overview
Exhibit 147: LS ELECTRIC Co. Ltd. - Product / Service
Exhibit 148: LS ELECTRIC Co. Ltd. - Key offerings
12.9 Meidensha Corp.
Exhibit 149: Meidensha Corp. - Overview
Exhibit 150: Meidensha Corp. - Business segments
Exhibit 151: Meidensha Corp. - Key news
Exhibit 152: Meidensha Corp. - Key offerings
Exhibit 153: Meidensha Corp. - Segment focus
12.10 Mitsubishi Electric Corp.
Exhibit 154: Mitsubishi Electric Corp. - Overview
Exhibit 155: Mitsubishi Electric Corp. - Business segments
Exhibit 156: Mitsubishi Electric Corp. - Key news
Exhibit 157: Mitsubishi Electric Corp. - Key offerings
Exhibit 158: Mitsubishi Electric Corp. - Segment focus
12.11 Myers Power Products Inc.
Exhibit 159: Myers Power Products Inc. - Overview
Exhibit 160: Myers Power Products Inc. - Product / Service
Exhibit 161: Myers Power Products Inc. - Key offerings
12.12 Powell Industries Inc.
Exhibit 162: Powell Industries Inc. - Overview
Exhibit 163: Powell Industries Inc. - Product / Service
Exhibit 164: Powell Industries Inc. - Key offerings
12.13 Schneider Electric SE
Exhibit 165: Schneider Electric SE - Overview
Exhibit 166: Schneider Electric SE - Business segments
Exhibit 167: Schneider Electric SE - Key news
Exhibit 168: Schneider Electric SE - Key offerings
Exhibit 169: Schneider Electric SE - Segment focus
12.14 Siemens AG
Exhibit 170: Siemens AG - Overview
Exhibit 171: Siemens AG - Business segments
Exhibit 172: Siemens AG - Key news
Exhibit 173: Siemens AG - Key offerings
Exhibit 174: Siemens AG - Segment focus
12.15 TE Connectivity Ltd.
Exhibit 175: TE Connectivity Ltd. - Overview
Exhibit 176: TE Connectivity Ltd. - Business segments
Exhibit 177: TE Connectivity Ltd. - Key offerings
Exhibit 178: TE Connectivity Ltd. - Segment focus
12.16 Toshiba Corp.
Exhibit 179: Toshiba Corp. - Overview
Exhibit 180: Toshiba Corp. - Business segments
Exhibit 181: Toshiba Corp. - Key news
Exhibit 182: Toshiba Corp. - Key offerings
Exhibit 183: Toshiba Corp. - Segment focus
12.17 Zhejiang CHINT Electrics Co. Ltd.
Exhibit 184: Zhejiang CHINT Electrics Co. Ltd. - Overview
Exhibit 185: Zhejiang CHINT Electrics Co. Ltd. - Product / Service
Exhibit 186: Zhejiang CHINT Electrics Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 187: Inclusions checklist
Exhibit 188: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 189: Currency conversion rates for US$
13.4 Research methodology
Exhibit 190: Research methodology
Exhibit 191: Validation techniques employed for market sizing
Exhibit 192: Information sources
13.5 List of abbreviations
Exhibit 193: List of abbreviations