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Circuit Breakers Market by Voltage, By Installation and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031468
  • Report
  • March 2020
  • Region: Global
  • 278 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • ABB
  • Alstom
  • Eaton Corporation plc
  • Furukawa Group
  • Kirloskar Electric
  • Powell Industries
The global circuit breakers market was valued at $9.8 billion in 2018, and is projected to reach $14.8 billion by 2026, growing at a CAGR of 5.30% from 2019 to 2026.



Circuit breakers are programmed automatic electric switches which are utilized to protect an electrical circuit from harm or damage by excess current from an overload or short circuit. The basic function of circuit breakers is to stop the flow of current after a fault is detected. In opposite to a fuse, which works once and after that must be replaced, circuit breakers can be used for continuing typical activity. The function of circuit breakers is to shut down the electric supply in case of excess current, overload or short circuit. After the fault is solved, the system starts with normal conditions for providing good quality power to the output ends. Circuit breakers play a significant role in electric power distribution and transmission in communication circuits, automobiles, telecommunication, computers, industrial machinery & equipment, consumer electronics, and other applications.

Factors such as growth in renewable power generation, rise in residential projects, increase in access to electricity in developing countries, continued growth of construction & developmental activities, rapid growth in industrialization, expansion of smart grid networks and surge in demand for power across the globe drive the global circuit breakers market growth. However, increase in competition from the unorganized sector of the circuit breakers and stringent environmental & safety regulations for SF6 circuit breakers limit the growth of the market. Increase in HVDC transmission, aging power infrastructure, and growing smart cities create opportunities for market growth.

The global circuit breakers market is segmented into type, voltage, installation, end-use industry, and region. Based on type, the market is classified into air circuit breakers, oil circuit breakers, sf6 circuit breakers, vacuum circuit breakers, and others. According to voltage, the market is categorized into low, medium, and high. The medium voltage sub-segment is expected to dominate the market due to increase in investments in electrical infrastructure for distribution and transmission networks. On the basis of installation, the market is bifurcated into indoor and outdoor. The outdoor circuit breakers has major market share because it offers protection against extreme environmental conditions, low maintenance, and space optimization. Further, the global circuit breakers market is segmented into various end-use industries such as electrical & electronics, oil & gas, mining, power generation, automotive, construction, railways, telecommunication, and others.

Based on region, the global circuit breakers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Asia-Pacific region is expected to dominate the market, due to an increase in electricity demand, and upgrade of aging electrical grid infrastructure.

Key players operating in the global circuit breakers market are ABB, Alstom, Eaton Corporation plc, Furukawa Group, Kirloskar Electric, Powell Industries, Mitsubishi Electric Corporation, Schneider Electirc, Siemens AG, Toshiba Corporation, and others. Major players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base in the market. For instance, in February 2018, for the production of circuit breakers and vacuum interrupters, Mitsubishi Electric Corporation has expanded its integrated-automation factory in Marugame, Japan.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global Circuit breakers market from 2018 to 2026 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
  • Estimations and forecasts are based on factors impacting the market growth, in terms of both value and volume
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth

KEY MARKET SEGMENTS

By Voltage
  • High
  • Medium
  • Low

By Installation
  • Indoor
  • Outdoor

By Application
  • Residential
  • Commercial
  • Industrial
  • Utility

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • South Africa
  • LAMEA

KEY MARKET PLAYERS
  • ABB, Alstom
  • Eaton Corporation plc
  • Furukawa Group
  • Kirloskar Electric
  • Powell Industries
  • Mitsubishi Electric Corporation
  • Schneider Electric
  • Siemens AG
  • Toshiba Corporation
Frequently Asked Questions about the Global Circuit Breakers Market

What is the estimated value of the Global Circuit Breakers Market?

The Global Circuit Breakers Market was estimated to be valued at $9.8 billion in 2018.

What is the growth rate of the Global Circuit Breakers Market?

The growth rate of the Global Circuit Breakers Market is 5.3%, with an estimated value of $14.8 billion by 2026.

What is the forecasted size of the Global Circuit Breakers Market?

The Global Circuit Breakers Market is estimated to be worth $14.8 billion by 2026.

Who are the key companies in the Global Circuit Breakers Market?

Key companies in the Global Circuit Breakers Market include ABB, Alstom, Eaton Corporation plc, Furukawa Group, Kirloskar Electric, Powell Industries, Mitsubishi Electric Corporation, Schneider Electirc and Toshiba Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Alstom
  • Eaton Corporation plc
  • Furukawa Group
  • Kirloskar Electric
  • Powell Industries

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for electricity and need for reliable power delivery
3.4.1.2. Increase in electricity access rate across the globe
3.4.2. Restraint
3.4.2.1. Safety regulation regarding the product quality of circuit breaker and resulting opportunity for unorganized sector
3.4.3. Opportunity
3.4.3.1. Rise in renewable energy production
3.5. Parent market overview : switchgear market
3.6. Patent analysis, 2015-2018
3.6.1. Patent analysis by country
3.6.2. Patent analysis by applicant
3.6.3. Patent analysis by Innovator
3.7. Impact of government rules and regulations
3.7.1. Mandatory residual current device sensitivity
CHAPTER 4: CIRCUIT BREAKER MARKET, BY VOLTAGE
4.1. Overview
4.1.1. Market size and forecast
4.2. High voltage
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3. Medium voltage
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4. Low voltage
4.4.1. Market size and forecast, by region
4.4.2. Market share analysis, by country
CHAPTER 5: CIRCUIT BREAKER MARKET, BY INSTALLATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Indoor circuit breaker
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis, by country
5.3. Outdoor circuit breaker
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis, by country
CHAPTER 6: CIRCUIT BREAKER MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Residential
6.2.1. Market size and forecast, by region
6.2.2. Market share analysis, by country
6.3. Commercial
6.3.1. Market size and forecast, by region
6.3.2. Market share analysis, by country
6.4. Industrial
6.4.1. Market size and forecast, by region
6.4.2. Market share analysis, by country
6.5. Utility
6.5.1. Market size and forecast, by region
6.5.2. Market share analysis, by country
CHAPTER 7: CIRCUIT BREAKER MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast, by region
7.2. North America
7.2.1. Market size and forecast, by voltage
7.2.2. Market size and forecast, by installation
7.2.3. Market size and forecast, by application
7.2.4. Market size and forecast by Country
7.2.5. U. S.
7.2.5.1. Market size and forecast, by voltage
7.2.5.2. Market size and forecast, by installation
7.2.5.3. Market size and forecast, by application
7.2.6. Canada
7.2.6.1. Market size and forecast, by voltage
7.2.6.2. Market size and forecast, by installation
7.2.6.3. Market size and forecast, by application
7.2.7. Mexico
7.2.7.1. Market size and forecast, by voltage
7.2.7.2. Market size and forecast, by installation
7.2.7.3. Market size and forecast, by application
7.3. Europe
7.3.1. Market size and forecast, by voltage
7.3.2. Market size and forecast, by installation
7.3.3. Market size and forecast, by application
7.3.4. Market size and forecast by Country
7.3.5. Germany
7.3.5.1. Market size and forecast, by voltage
7.3.5.2. Market size and forecast, by installation
7.3.5.3. Market size and forecast, by application
7.3.6. France
7.3.6.1. Market size and forecast, by voltage
7.3.6.2. Market size and forecast, by installation
7.3.6.3. Market size and forecast, by application
7.3.7. Italy
7.3.7.1. Market size and forecast, by voltage
7.3.7.2. Market size and forecast, by installation
7.3.7.3. Market size and forecast, by application
7.3.8. Spain
7.3.8.1. Market size and forecast, by voltage
7.3.8.2. Market size and forecast, by installation
7.3.8.3. Market size and forecast, by application
7.3.9. UK
7.3.9.1. Market size and forecast, by voltage
7.3.9.2. Market size and forecast, by installation
7.3.9.3. Market size and forecast, by application
7.3.10. Rest of Europe
7.3.10.1. Market size and forecast, by voltage
7.3.10.2. Market size and forecast, by installation
7.3.10.3. Market size and forecast, by application
7.4. Asia-Pacific
7.4.1. Market size and forecast, by voltage
7.4.2. Market size and forecast, by installation
7.4.3. Market size and forecast, by application
7.4.4. Market size and forecast by Country
7.4.5. China
7.4.5.1. Market size and forecast, by voltage
7.4.5.2. Market size and forecast, by installation
7.4.5.3. Market size and forecast, by application
7.4.6. Japan
7.4.6.1. Market size and forecast, by voltage
7.4.6.2. Market size and forecast, by installation
7.4.6.3. Market size and forecast, by application
7.4.7. India
7.4.7.1. Market size and forecast, by voltage
7.4.7.2. Market size and forecast, by installation
7.4.7.3. Market size and forecast, by application
7.4.8. South Korea
7.4.8.1. Market size and forecast, by voltage
7.4.8.2. Market size and forecast, by installation
7.4.8.3. Market size and forecast, by application
7.4.9. Australia
7.4.9.1. Market size and forecast, by voltage
7.4.9.2. Market size and forecast, by installation
7.4.9.3. Market size and forecast, by application
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market size and forecast, by voltage
7.4.10.2. Market size and forecast, by installation
7.4.10.3. Market size and forecast, by application
7.5. LAMEA
7.5.1. Market size and forecast, by voltage
7.5.2. Market size and forecast, by installation
7.5.3. Market size and forecast, by application
7.5.4. Market size and forecast by Country
7.5.5. Brazil
7.5.5.1. Market size and forecast, by voltage
7.5.5.2. Market size and forecast, by installation
7.5.5.3. Market size and forecast, by application
7.5.6. Saudi Arabia
7.5.6.1. Market size and forecast, by voltage
7.5.6.2. Market size and forecast, by installation
7.5.6.3. Market size and forecast, by application
7.5.7. South Africa
7.5.7.1. Market size and forecast, by voltage
7.5.7.2. Market size and forecast, by installation
7.5.7.3. Market size and forecast, by application
7.5.8. Rest of LAMEA
7.5.8.1. Market size and forecast, by voltage
7.5.8.2. Market size and forecast, by installation
7.5.8.3. Market size and forecast, by application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. INTRODUCTION
8.1.1. MARKET PLAYER POSITIONING, 2018
8.2. TOP WINNING STRATEGIES
8.2.1. Top winning strategies, by development
8.2.2. Top winning strategies, by company
8.3. PRODUCT MAPPING OF TOP 10 PLAYER
8.4. COMPETITIVE HEATMAP
8.5. KEY DEVELOPMENTS
8.5.1. New product launches
8.5.2. Acquisition
CHAPTER 9: COMPANY PROFILES
9.1. ABB Group
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments
9.2. Alstom
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. Eaton Corporation Plc
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.4. Furukawa Electric Group
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.5. Kirloskar Electric Co. Ltd.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.6. Powell Industries Inc.
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio
9.6.4. Business performance
9.7. Mitsubishi Electric Corporation
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.7.6. Key strategic moves and developments
9.8. Schneider Electric, Inc.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments
9.9. SIEMENS AG
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.10. Toshiba Corporation
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Alstom
  • Eaton Corporation plc
  • Furukawa Group
  • Kirloskar Electric
  • Powell Industries
According to the report titled, 'Circuit Breakers Market by Voltage, Installation, Application, and region: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global circuit breakers market size was valued at $9.8 billion in 2018, and is projected to reach $14.8 billion by 2026, growing at a CAGR of 5.3% from 2019 to 2026.

Circuit breakers can operate automatically as well as manually for controlling and protecting an electrical power system. Circuit breakers helps to protect electric appliances from short out, over-burden or over-flow. Moreover, the circuit breakers are cost-effective and give reliable operation of the electric circuit. The requirement for circuit breakers has gone up impressively with exp anding concern for safety in media transmission hardware, car, electrical, and electronic sectors.

Circuit breakers offers protection against high current surge and short circuit to the electrical system. Thus, this product type has a great contribution to electric development across the globe. The involvement of domestic governments, non-profit organizations, and international financial institutions unlike ‘The World Bank’ in the development of electricity access rate is mainly influencing the adoption of the circuit at the global level. In addition to this, increasing the consumption of electricity on account of various factors is also offering significant growth to circuit breaker market. Since circuit breakers are used in energy-related areas a couple of regulations take into account that defines the sensitivity of residual current must be high to provide optimum protection. On the contrary, a couple of features in these regulations also exposes the negative side of the circuit breakers i.e. greenhouse gas emission from the SF6 circuit breakers. Therefore, this market is leading towards growth stabilization and stable demand for circuit breakers is anticipated during the forecast period.

Based on the voltage, the low voltage segment accounted for around 55% circuit breakers market share in 2018. This is highly attributed to the low voltage application in the largest application segment i.e. residential sector. Commercial applications anticipated to register the highest CAGR during the forecast period.

Based on the application, the residential segment emerged as the global leader in circuit breakers industry in 2018. Factors that are favoring the growth of this segment include the rise in the population and the resulting growth in the electricity consumption, the trend for a single resident and isolated families, and increasing residential activities across the globe.

Key players operating in the global circuit breaker market are ABB, Alstom, Eaton Corporation plc, Furukawa Group, Kirloskar Electric, Powell Industries, Mitsubishi Electric Corporation, Schneider Electirc, Siemens AG, Toshiba Corporation, and others.

Key Findings of the Study:
  • Increasing efforts to increase the electricity access rate, replacement of fuses by circuit breakers, and increasing need for reliable power delivery in all application segments are the prominent growth drivers in this market.
  • Regulations on the use circuit breakers in a specific voltage is impacting the market both ways. One i.e. making m mandatory use in residential applications and two i.e. offering scope to unorganized sector to produce price-sensitive products which are high in demand specifically in countries like India, China, South Africa, and Brazil.
  • Emergence of concepts like “Smart City” and circuit breakers market growth in the generation of renewable energy projected to offer healthy growth opportunities during the forecast period.
Industrial and residential segments are emerging as an investment centric in nature.
  • The global circuit breakers market is fragmented in nature with the domination of the tier-1 market player. On the contrary, considering the growth of this market new players may penetrate this market in the next five years
Note: Product cover images may vary from those shown
  • ABB
  • Alstom
  • Eaton Corporation plc
  • Furukawa Group
  • Kirloskar Electric
  • Powell Industries
  • Mitsubishi Electric Corporation
  • Schneider Electirc
  • Siemens AG
  • Toshiba Corporation
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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