Circuit Breaker Market Analysis | 2022-28

Market Insights

The Circuit Breaker Market was estimated at USD 6.04 Billion in 2021 and is likely to grow at a CAGR of 6.38% from 2022-2028 to reach USD 9.37 Billion in 2028.

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What is Circuit Breaker?
The circuit breaker is a switching device used to integrate the abnormal or faulty current. It is a mechanical device that disturbs the flow of high-magnitude fault current along with performing the function of a switch.

Market Drivers:

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• Increasing focus on operational safety,
• Growing measures to integrate reliable and sustainable electrical infrastructure.

Key Players

Some of the key players in the market are-

• ABB
• Schneider Electric
• Eaton
• Mitsubishi
• Toshiba
• Siemens
• Hitachi
• Crompton Greaves
• Powell Industries
• Hubbell
• Fuji Electric
• Meidensha
• TE Connectivity
• BEL Fuse
• L&T
• Mersen S.A.

Segment Analysis

Rated Voltage Type:

• The market is segmented as <500V, 500V to 1kV, 1 to 15kV, 15 to 50kV, 50 to 70kV, 70 to 145kV, 145 to 300kV, 300 to 550kV, 500 to 800kV, and >800kV.
• The <500V segment dominated the market in 2021 and is expected to maintain its position during the forecast period as well.
• Rural electrification initiatives in developing economies are the major factor driving the growth of the <500V segment.

End-Use Industry Type:

• The market is segmented as residential, industrial, commercial, and utility.
• The utility segment is projected to witness the fastest growth during 2022-2028 driven by stringent energy efficiency protocols, inclination towards deployment of smart grid and control networks, and expansion of primary & secondary distribution networks.

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Regional Analysis Of the Market

• Asia-Pacific is estimated to be the largest market driven by growing investment and infrastructure development in China, Japan, India, South Korea, ASEAN Countries, and Others.
• Expanding industrial sector, rapid urbanization, significant economic development in the region, and increased focus on power distribution in remote areas are the major factors driving the growth of the Asia-Pacific region.
• North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Voltage Type:

• Low
  • Type Analysis: ACB, MCB, MCCB, and Others
• Medium
  • Type Analysis: ACB, VCB, GCB, and Others
• High
  • Type Analysis: ACB, GCB, VCB, and Others

By Rated Voltage Type:

• <500V
• 500V to 1 kV
• 1 to 15 kV
• 15 to 50 kV
• 50 to 70 kV
• 70 to 145 kV
• 145 to 300 kV
• 300 to 550 kV
• 550 to 800 kV
• >800 kV

By Rated Current Type:

• <500 A
• 500 to 1500 A
• 1500 to 2500 A
• 2500 to 4500 A
• >4500 A

By Installation Type:

• Indoor
• Outdoor

By Application Type:

• Power Distribution
• Power Transmission

By End-Use Industry Type:

• Residential
• Commercial
• Industrial
• Utility

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

• This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
• We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization

Customization options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the voltage types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.