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Circuit Breaker Market Analysis | 2022-28
Circuit Breaker Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028.
The Circuit Breaker Market is Segmented by Voltage Type (Low {ACB, MCB, MCCB, and Others}, Medium {ACB, GCB, VCB, and Others}, and High {ACB, GCB, VCB, and Others}), by Rated Voltage Type (<500 V, 500 V 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 500 kV, 550 to 800 kV, >800 kV), by Rated Current Type ...
The circuit breaker market is expected to witness an impressive growth of 7.5% CAGR in the foreseeable future.
ABB, Schneider Electric, Eaton, Mitsubishi, Toshiba, Siemens, Hitachi, Crompton Greaves, Powell Industries, Hubbell, Fuji Electric, Meidensha, TE Connectivity, BEL Fuse, L&T, and Mersen S.A are among the key players in the circuit breaker market.
Asia-pacific is expected to be the largest circuit breaker market during the forecast period.
The utility segment is expected to witness the fastest growth in the circuit breaker market in the coming years.
The <500V segment is expected to remain dominant in the circuit breaker market in the next five years.
Increasing focus towards operational safety and growing measures to integrate reliable and sustainable electrical infrastructure are the factors driving the growth of circuit breaker market.