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    Circuit Breaker Market Report

    Circuit Breaker Market Report
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    Circuit Breaker Market Size, Share, Trend, Forecast, & Industry Analysis – 2021- See more...

    Impact of COVID-19 on Circuit Breaker Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Circuit Breaker Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Circuit Breaker Market is likely to witness an impressive CAGR of 7.5% during the forecast period. Increasing focus towards operational safety and growing measures to integrate reliable and sustainable electrical infrastructure is likely to drive the market growth of circuit breakers.

    Circuit Breaker Market – Snapshot

    Growth

    7.5% for the next five years

    Dominant Segment in Rated Voltage

    <500

    Fastest Growing End-Use Industry

    Utility

    Region with the Highest demand

    Asia-Pacific

    Key Players

    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.

    Segment Analysis

    Circuit-Breaker-Market-Dominant-Segments

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    Circuit Breaker Market Share: By Rated Voltage Type

    Based on the 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 2020 and is expected to maintain its position during the forecast period as well. Rural electrification initiatives in the developing economies are the major factor driving the growth of the <500V segment.

    Circuit Breaker Market Share: By End-Use Industry Type

    Based on the 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 the forecast period driven by stringent energy efficiency protocols, inclination towards deployment of smart grid and control networks, and expansion of primary & secondary distribution networks.

    Circuit Breaker Market Share: By Region

    In terms of regions, 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 towards 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.

    Circuit-Breaker-Market-By-Region

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    Market Scope & Segmentation

    Circuit breaker is a switching device used to interrupt the abnormal or fault current. It is a mechanical device that disturbs the flow of high magnitude fault current along with performing the function of a switch. The market is segment as by voltage type into low {ACB, MCB, MCCB, and Others}, medium {ACB, GCB, VCB, and Others}, and high {ACB, GCB, VCB, and Others}; by rated voltage type into <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 into <500 A, 500 to 1500 A, 1500 to 2500 A, 2500 to 4500 A, and >4500 A; by installation type into indoor and outdoor; by application type into power distribution and power transmission; and by end-use industry type into residential, commercial, industrial, and utility.

    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.

    Circuit Breaker Market Research Report - Features

    Market Segmentation

    7

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The circuit breaker market is segmented into the following categories. 

    Circuit Breaker Market Size, Share, & Forecast, by Voltage Type:

    • Low
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: ACB, MCB, MCCB, and Others
    • Medium
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: ACB, VCB, GCB, and Others
    • High
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: ACB, GCB, VCB, and Others

    Circuit Breaker Market Size, Share, & Forecast, by Rated Voltage Type:

    • <500V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 500V to 1 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 1 to 15 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 15 to 50 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 50 to 70 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 70 to 145 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 145 to 300 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 300 to 550 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 550 to 800 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >800 kV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Circuit Breaker Market Size, Share, & Forecast, by Rated Current Type:

    • <500 A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 500 to 1500 A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 1500 to 2500 A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 2500 to 4500 A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >4500 A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Circuit Breaker Market Size, Share, & Forecast, by Installation Type:

    • Indoor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Outdoor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Circuit Breaker Market Size, Share, & Forecast, by Application Type:

    • Power Distribution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Power Transmission (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Circuit Breaker Market Size, Share, & Forecast, by End-Use Industry Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Utility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Circuit Breaker Market Size, Share, & Forecast, by Region:

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

    Key Players

    Some of the key players in the circuit breaker 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.

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market 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 Options

    With this detailed report, 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

    Frequently Asked Questions (FAQs)

    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.

    •