North America Low-Voltage Circuit Breakers Market Research Report Information by Type, by Current Type, by Application (Energy Allocation, Shut-off Circuit, Others), by End-User, and by Country (US, Canada, Mexico) Forecast till 2032

Description

List of Tables

North America Low-Voltage Circuit Breakers Market Research Report Information by Type [Miniature Circuit Breaker (MCB), Molded-case Circuit Breaker (MCCB), Air Circuit Breaker (ACB)], by Current Type [Direct Current (DC), Alternating Current (AC)], by Application (Energy Allocation, Shut-off Circuit, Others), by End-User [Residential, Commercial, Others (Industrial and utilities)], and by Country (US, Canada, Mexico) Forecast till 2032

Industry Overview

The market size is expected to hit USD 9,547.7 million by 2032, supported by a 4.2% CAGR during the forecast period. A low-voltage circuit breaker is an automatic switch that disconnects electrical power when abnormal conditions like short circuits or overcurrents occur. Operating at voltages under 1,000 volts, they prevent hazards such as equipment failure and electrical fires. Their wide application includes homes, offices, and manufacturing units.

Growing electricity consumption across North America remains a key driver for the low-voltage circuit breakers market. In 2022, electric energy consumption in the U.S. reached a total of 3.93 trillion kWh, thus emphasizing the need for a solid and stable electrical infrastructure. The trend of urbanization, in parallel with the increasing number of residential buildings and the electrification of houses with electric vehicles, smart gadgets, and energy-saving appliances, has always been the driver of demand. Advanced circuit breakers with IoT-enabled monitoring, predictive maintenance, and adaptive protection are increasingly essential to support renewable energy integration and safeguard against power surges, faults, and fire risks.

Major Company Development

In February 2025, Mitsubishi Electric Corporation was the initiator of the business partnership with HD Renewable Energy Co., Ltd., an enterprise located in Taipei that specializes in solar and battery storage. The collaboration program foresees Mitsubishi Electric gaining an ownership share in HD Renewable Energy for the energy aggregation business undertaken together. The import of renewable solutions is deeply etched by changes in season, weather, and time. Grid operators are encountering supply-demand problems of large proportions. This venture leverages distributed energy resources such as solar panels and battery storage to stabilize the grid, strengthen energy efficiency, and ensure greater profitability, aligning with Japan's commitment to carbon neutrality and sustainable power solutions.

Key Players

Major players in the North America low-voltage circuit breakers market are Eaton Corporation, Mitsubishi Electric Corporation, Fuji Electric, HD Hyundai Electric, NOARK Electric, Rockwell Automation, ABB, WEG, Schneider Electric, and Siemens.

Report Attribute Details

Market Size 2024: USD 6,295.7 Million
Market Size 2035: USD 9,547.7 Million
CAGR (2024-2032): 4.2%
Base Year: 2023
Market Forecast Period: 2024-2032

Industry Segmentations

By Type: Miniature Circuit Breaker - 4.5%, Molded-case Circuit Breaker - 4.2%.
By Current Type: Direct Current - 4.1%, Alternating Current - 4.3%.
By Application: Energy Allocation - 4.1%, Shut-off Circuit - 4.4%.
By End-User: Residential - 4.2%, Commercial - 4.5%.

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DEMAND FOR ELECTRICITY
- 4.2.2 EXPANSION OF RENEWABLE ENERGY PROJECTS
4.3 RESTRAINTS
- 4.3.1 HIGH INITIAL COST
- 4.3.2 COMPETITION FROM FUSES & ALTERNATIVE PROTECTION DEVICES
4.4 OPPORTUNITY
- 4.4.1 SMART CIRCUIT BREAKERS & IOT INTEGRATION
- 4.4.2 EVOLUTION OF SOLID-STATE CIRCUIT BREAKERS
4.5 IMPACT ANALYSIS OF COVID - 19

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 PARTICIPANTS
  - 5.1.1.1 RAW MATERIAL ANALYSIS
  - 5.1.1.2 LIST OF RAW MATERIAL SUPPLIERS (COMPANY NAME, HEADQUARTERS, CONTACT DETAILS)
  - 5.1.1.3 MANUFACTURERS
  - 5.1.1.4 DISTRIBUTORS
  - 5.1.1.5 LIST OF DISTRIBUTORS (COMPANY NAME, HEADQUARTERS, CONTACT DETAILS))
  - 5.1.1.6 END-USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES
- 5.2.5 INTENSITY OF RIVALRY
5.3 TECHNOLOGICAL ADVANCEMENTS
- 5.3.1 DIGITALIZATION AND SMART FEATURES
- 5.3.2 ADAPTIVE PROTECTION AND FLEXIBILITY
- 5.3.3 INTEGRATION WITH RENEWABLE ENERGY SOURCES
5.4 TECHNOLOGICAL ADVANCEMENTS
- 5.4.1 CURRENT SCENARIO
- 5.4.2 FUTURE ROADMAP
- 5.4.3 CHALLENGES
- 5.4.4 NOVEL APPLICATIONS
- 5.4.5 KEY DEVELOPMENTS
5.5 REGULATORY FRAMEWORK
5.6 PATENT ANALYSIS
5.7 TOP LOW-VOLTAGE CIRCUIT BREAKERS EXPORTING COUNTRIES TO US & QUANTITY
5.8 PRICING ANALYSIS, BY PRODUCT TYPE (2018-2032) ($/UNIT)
- 5.8.1 PRICING TRENDS
5.9 IMPACT OF U.S. POLICIES ON THE INTERNATIONAL TRADE (TRUMP 2.0)
- 5.9.1 CHINA-U.S. TRADE WAR IMPACT ON CIRCUIT BREAKERS TRADE
5.10 ANALYSIS OF DIFFERENT STANDARDS FOR MCB TYPES IN THE US
- 5.10.1 DIN RAIL TYPE MCB
- 5.10.2 NEMA TYPE MCB

6 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET, BY TYPE

6.1 INTRODUCTION
- 6.1.1 MINIATURE CIRCUIT BREAKERS (MCBS)
- 6.1.2 MOLDED-CASE CIRCUIT BREAKERS (MCCBS)
- 6.1.3 AIR CIRCUIT BREAKERS (ACBS)

7 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET, BY CURRENT TYPE

7.1 INTRODUCTION
- 7.1.1 DIRECT CURRENT (DC)
- 7.1.2 ALTERNATING CURRENT (AC)

8 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET, BY APPLICATION

8.1 INTRODUCTION
- 8.1.1 ENERGY ALLOCATION
- 8.1.2 SHUT-OFF CIRCUIT
- 8.1.3 OTHERS

9 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET, BY END-USER

9.1 INTRODUCTION
- 9.1.1 RESIDENTIAL
- 9.1.2 COMMERCIAL
- 9.1.3 OTHERS

10 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET, BY COUNTRY

10.1 INTRODUCTION
- 10.1.1 US
- 10.1.2 CANADA
- 10.1.3 MEXICO

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 MARKET SHARE% ANALYSIS, 2023
11.3 TOP 5 MANUFACTURERS OF ACB AND MARKET SHARE
11.4 TOP 5 MANUFACTURERS OF MCCB AND MARKET SHARE
11.5 TOP 5 MANUFACTURERS OF MCB AND MARKET SHARE
11.6 COMPETITION DASHBOARD
11.7 PRODUCT BENCHMARKING FOR
- 11.7.1 ACB
- 11.7.2 MCCB
- 11.7.3 MCB
11.8 COMPETITIVE BENCHMARKING
11.9 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
11.10 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.10.1 BUSINESS EXPANSION, BUSINESS PARTNERSHIP, INVESTMENT & PRODUCT LAUNCH
- 11.10.2 ACQUISITION

12 COMPANY PROFILES

12.1 EATON CORPORATION
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
12.2 MITSUBISHI ELECTRIC CORPORATION
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
12.3 FUJI ELECTRIC
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
12.4 HD HYUNDAI ELECTRIC
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
12.5 NOARK ELECTRIC
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
12.6 ROCKWELL AUTOMATION
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGY
12.7 ABB
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGY
12.8 WEG
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGY
12.9 SCHNEIDER ELECTRIC
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGY
12.10 SIEMENS
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGY

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT
TABLE 2 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY TYPE, 2018-2032 ($MILLION)
TABLE 3 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY CURRENT TYPE, 2018-2032 ($MILLION)
TABLE 4 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET FOR CURRENT TYPE ESTIMATES & FORECAST, BY TYPE, 2018-2032 ($MILLION)
TABLE 5 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 ($MILLION)
TABLE 6 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY END USER, 2018-2032 ($MILLION)
TABLE 7 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY COUNTRY, 2018-2032 ($MILLION)
TABLE 8 US LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY REGION, 2018-2032 ($MILLION)
TABLE 9 US LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY CURRENT TYPE, 2018-2032 ($MILLION)
TABLE 10 US LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY TYPE, 2018-2032 ($MILLION)
TABLE 11 US LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 ($MILLION)
TABLE 12 US LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY END USER, 2018-2032 ($MILLION)
TABLE 13 CANADA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY CURRENT TYPE, 2018-2032 ($MILLION)
TABLE 14 CANADA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY TYPE, 2018-2032 ($MILLION)
TABLE 15 CANADA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 ($MILLION)
TABLE 16 CANADA LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY END USER, 2018-2032 ($MILLION)
TABLE 17 MEXICO LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY CURRENT TYPE, 2018-2032 ($MILLION)
TABLE 18 MEXICO LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY TYPE, 2018-2032 ($MILLION)
TABLE 19 MEXICO LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 ($MILLION)
TABLE 20 MEXICO LOW-VOLTAGE CIRCUIT BREAKER MARKET ESTIMATES & FORECAST, BY END USER, 2018-2032 ($MILLION)
TABLE 21 TOP 5 MANUFACTURERS OF ACB AND MARKET SHARE
TABLE 22 TOP 5 MANUFACTURERS OF MCCB AND MARKET SHARE
TABLE 23 TOP 5 MANUFACTURERS OF MCB AND MARKET SHARE
TABLE 24 COMPETITION DASHBOARD: NORTH AMERICA LOW VOLTAGE CIRCUIT BREAKER MARKET
TABLE 25 PRODUCT BENCHMARKING: ACB
TABLE 26 PRODUCT BENCHMARKING: MCCB
TABLE 27 PRODUCT BENCHMARKING: MCB
TABLE 28 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
TABLE 29 BUSINESS EXPANSION, BUSINESS PARTNERSHIP, INVESTMENT & PRODUCT LAUNCH
TABLE 30 ACQUISITION
TABLE 31 EATON CORPORATION: PRODUCTS OFFERED
TABLE 32 EATON CORPORATION: KEY DEVELOPMENTS
TABLE 33 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 34 MITSUBISHI ELECTRIC CORPORATION: KEY DEVELOPMENTS
TABLE 35 FUJI ELECTRIC: PRODUCTS OFFERED
TABLE 36 HD HYUNDAI ELECTRIC: PRODUCTS OFFERED
TABLE 37 HD HYUNDAI ELECTRIC: KEY DEVELOPMENTS
TABLE 38 NOARK ELECTRIC: PRODUCTS OFFERED
TABLE 39 ROCKWELL AUTOMATION: PRODUCTS OFFERED
TABLE 40 ROCKWELL AUTOMATION: KEY DEVELOPMENTS
TABLE 41 ABB: PRODUCTS OFFERED
TABLE 42 ABB.: KEY DEVELOPMENTS
TABLE 43 WEG: PRODUCTS OFFERED
TABLE 44 WEG: KEY DEVELOPMENTS
TABLE 45 SCHNEIDER ELECTRIC PRODUCTS OFFERED
TABLE 46 SCHNEIDER ELECTRIC: KEY DEVELOPMENT
TABLE 47 SIEMENS: FINANCIAL OVERVIEW
TABLE 48 SIEMENS: PRODUCTS OFFERED
TABLE 49 SIEMENS: KEY DEVELOPMENTS

LIST OF FIGURES

FIGURE 1 URBAN POPULATION (% OF TOTAL POPULATION) - NORTH AMERICA
FIGURE 1 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET SNAPSHOT
FIGURE 2 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET: STRUCTURE
FIGURE 3 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032)
FIGURE 4 URBAN POPULATION (% OF TOTAL POPULATION) - NORTH AMERICA
FIGURE 5 TOTAL CONSTRUCTION SPENDING: RESIDENTIAL IN THE UNITED STATES (USD BILLION)
FIGURE 6 US WIND ELECTRICITY GENERATION 2019-2023 AND WIND ELECTRICITY SHARE IN TOTAL US ELECTRICITY GENERATION 2019-2022
FIGURE 7 NORTH AMERICA BATTERY ENERGY STORAGE SYSTEMS MARKET (USD MILLION), 2018-2032
FIGURE 8 DRIVER IMPACT ANALYSIS (2025-2032)
FIGURE 9 RESTRAINT IMPACT ANALYSIS (2025-2032)
FIGURE 10 SUPPLY CHAIN: NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET
FIGURE 11 PORTER'S FIVE FORCES ANALYSIS OF THE NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKERS MARKET
FIGURE 12 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET, BY TYPE, % SHARE (2023)
FIGURE 13 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET, BY CURRENT TYPE, % SHARE (2023)
FIGURE 14 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET, BY APPLICATION, % SHARE (2023)
FIGURE 15 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET, BY END USER, % SHARE (2023)
FIGURE 16 NORTH AMERICA LOW-VOLTAGE CIRCUIT BREAKER MARKET, BY COUNTRY, % SHARE (2023)
FIGURE 17 US LOW VOLTAGE CIRCUIT BREAKER MARKET MAJOR PLAYERS MARKET SHARE ANALYSIS, 2023 (%)
FIGURE 18 COMPETITIVE BENCHMARKING: NORTH AMERICA LOW VOLTAGE CIRCUIT BREAKER MARKET
FIGURE 19 EATON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 20 EATON CORPORATION: SWOT ANALYSIS
FIGURE 21 MITSUBISHI ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 22 MITSUBISHI ELECTRIC CORPORATION: SWOT ANALYSIS
FIGURE 23 FUJI ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 24 FUJI ELECTRIC: SWOT ANALYSIS
FIGURE 25 HD HYUNDAI ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 26 HD HYUNDAI ELECTRIC: SWOT ANALYSIS
FIGURE 27 NOARK ELECTRIC: SWOT ANALYSIS
FIGURE 28 ROCKWELL AUTOMATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 29 ROCKWELL AUTOMATION: SWOT ANALYSIS
FIGURE 30 ABB: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 31 ABB: SWOT ANALYSIS
FIGURE 32 WEG: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 33 WEG: SWOT ANALYSIS
FIGURE 34 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 35 SCHNEIDER ELECTRIC: SWOT ANALYSIS
FIGURE 36 SIEMENS: SWOT ANALYSIS