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Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5530424
  • Report
  • January 2022
  • Region: Global
  • 107 Pages
  • IMARC Group

FEATURED COMPANIES

  • ABB Group
  • Camsco Electric Co. Ltd.
  • G&W Electric Co.
  • Larsen & Toubro Limited
  • Schneider Electric
  • Sensata Technologies Inc.
The global circuit breaker market reached a value of US$ 8.27 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 10.24 Billion by 2027, exhibiting a CAGR of 3.43% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor

A circuit breaker refers to an automatic safety device designed to prevent fluctuations in the flow of the current and protect other devices that are attached to the circuit. It also assists in controlling, regulating and mastering electric power efficiently. It is currently available in numerous sizes ranging from small devices that protect low-current circuits to large switchgear, which protects high-voltage circuits. As circuit breakers are useful in low-, medium-, and high-voltage applications, they are extensively utilized in the construction, locomotive, and transportation industries

There is a significant rise in the need for upgrading electrical transmission networks, especially in emerging economies, on account of rapid urbanization and increasing population. Consequently, governments in these countries are focusing on expanding their power generation capacity to meet electricity requirements in rural and urban areas. This, in turn, has escalated the demand for circuit breakers. Apart from this, governing agencies in developed countries are replacing the old electrical equipment with energy-efficient systems to ensure electrical safety and minimize wastage. For instance, countries are revamping their power grid construction and transmission lines, which is strengthening the market growth. However, the market has been adversely impacted due to the surging cases of the coronavirus disease (COVID-19) and consequent lockdowns imposed in different countries to prevent the spread of the pandemic. The market will experience growth once normalcy is regained

Global Circuit Breaker Market Drivers:

In recent years, the demand for electricity has been increasing day by day. Circuit breakers are beneficial in the transmission and distribution of power supply. Moreover, owing to an emerging need for saving electricity, governments across the globe are introducing numerous initiatives to establish efficient and smart power grids. These factors have contributed towards the growth of the circuit breaker market

Safety of kitchen appliances, industrial tools and machinery and IT products have become a matter of chief concern that is playing a major role in the rising demand of circuit breakers. By using circuit breakers, the whole power mechanism can be made safe and protected from the frequent power fluctuations and short circuits

An important factor that is responsible for the constant growth in the circuit breaker market is the increasing trend of urbanisation and industrialisation in developing countries. This has caused an improvement in the electricity infrastructure as well as an increase in the power supply to rural areas

Low maintenance cost and increasing usage of these devices in locomotive industries are some of the other advantages that are positively influencing the growth of global circuit breaker market

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global circuit breaker market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, voltage, technology and end-use

Breakup by Product Type:

  • Indoor
  • Outdoor

Outdoor circuit breakers exhibit a clear dominance in the market

Breakup by Voltage:

  • Low
  • Medium
  • High

Low voltage circuit breakers hold the largest market share

Breakup by Technology:

  • Air
  • Vacuum
  • Oil
  • SF6

Air circuit breakers account for majority of the total global market

Breakup by End Use:

  • Transmission and Distribution
  • Renewable
  • Power Generation
  • Railways

The transmission and distribution industry dominates the market

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

  • Asia Pacific currently enjoys the leading position in the market

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of top circuit breaker manufactuers are ABB Group, Alstom SA, Eaton Corporation Inc., General Electric Company, Mitsubishi Electric Power Products, Inc., Schneider Electric, Siemens AG, Camsco Electric Co. Ltd., G&W Electric Co., Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., SCHURTER Holding AG, Sensata Technologies Inc. and Toshiba

Key Question Answered in this Report

1. What was the size of the global circuit breaker market in 2021?
2. What is the expected growth rate of the global circuit breaker market during 2022-2027?
3. What are the key factors driving the global circuit breaker market?
4. What has been the impact of COVID-19 on the global circuit breaker market?
5. What is the breakup of the global circuit breaker market based on the product type?
6. What is the breakup of the global circuit breaker market based on the voltage?
7. What is the breakup of the global circuit breaker market based on the technology?
8. What is the breakup of the global circuit breaker market based on the end use?
9. What are the key regions in the global circuit breaker market?
10. Who are the key players/companies in the global circuit breaker market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Group
  • Camsco Electric Co. Ltd.
  • G&W Electric Co.
  • Larsen & Toubro Limited
  • Schneider Electric
  • Sensata Technologies Inc.

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Circuit Breaker Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Voltage
5.6 Market Breakup by Technology
5.7 Market Breakup by End-Use
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis
5.13.1 Key Price Indicators
5.13.2 Price Structure
5.13.3 Price Trends
6 Market Breakup by Product Type
6.1 Indoor Circuit Breakers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Outdoor Circuit Breakers
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Voltage
7.1 Low Voltage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium Voltage
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 High Voltage
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Technology
8.1 Air
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Vacuum
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Oil
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 SF6
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End-Use
9.1 Transmission and Distribution
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Renewable
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Power Generation
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Railways
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Circuit Breaker Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 ABB
12.3.2 Alstom
12.3.3 Eaton Corporation
12.3.4 General Electric Company
12.3.5 Mitsubishi Electric Power Products
12.3.6 Schneider Electric
12.3.7 Siemens
12.3.8 Camsco Electric
12.3.9 G&W Electric
12.3.10 Kirloskar Electric
12.3.11 Larsen & Toubro Limited
12.3.12 Powell Industries
12.3.13 Schurter Holding
12.3.14 Sensata Technologies
12.3.15 Toshiba
List of Figures
Figure 1: Global: Circuit Breaker Market: Major Drivers and Challenges
Figure 2: Global: Circuit Breaker Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Circuit Breaker Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Circuit Breaker Market: Breakup by Voltage (in %), 2021
Figure 5: Global: Circuit Breaker Market: Breakup by Technology (in %), 2021
Figure 6: Global: Circuit Breaker Market: Breakup by End-Use (in %), 2021
Figure 7: Global: Circuit Breaker Market: Breakup by Region (in %), 2021
Figure 8: Global: Circuit Breaker Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Circuit Breaker Market: Average Prices (US$/Unit), 2016-2027
Figure 10: Circuit Breaker Market: Price Structure (US$/Unit)
Figure 11: Global: Circuit Breaker Industry: SWOT Analysis
Figure 12: Global: Circuit Breaker Industry: Value Chain Analysis
Figure 13: Global: Circuit Breaker Industry: Porter’s Five Forces Analysis
Figure 14: Global: Circuit Breaker (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Circuit Breaker (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Circuit Breaker (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Circuit Breaker (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Circuit Breaker (Low Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Circuit Breaker (Low Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Circuit Breaker (Medium Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Circuit Breaker (Medium Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Circuit Breaker (High Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Circuit Breaker (High Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Circuit Breaker (Air) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Circuit Breaker (Air) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Circuit Breaker (Vacuum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Circuit Breaker (Vacuum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Circuit Breaker (Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Circuit Breaker (Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Circuit Breaker (SF6) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Circuit Breaker (SF6) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Circuit Breaker (Transmission and Distribution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Circuit Breaker (Transmission and Distribution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Circuit Breaker (Renewable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Circuit Breaker (Renewable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Circuit Breaker (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Circuit Breaker (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Circuit Breaker (Railways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Circuit Breaker (Railways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia Pacific: Circuit Breaker Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia Pacific: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Circuit Breaker Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Circuit Breaker Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Middle East and Africa: Circuit Breaker Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Middle East and Africa: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Latin America: Circuit Breaker Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Latin America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Circuit Breaker Manufacturing: Process Flow
List of Tables
Table 1: Global: Circuit Breaker Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Circuit Breaker Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Circuit Breaker Market Forecast: Breakup by Voltage (in Million US$), 2022-2027
Table 4: Global: Circuit Breaker Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Circuit Breaker Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 6: Global: Circuit Breaker Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Circuit Breaker: Raw Material Requirements
Table 8: Global: Circuit Breaker Market Structure
Table 9: Global: Circuit Breaker Market: Key Players
Note: Product cover images may vary from those shown
  • ABB Group
  • Alstom SA
  • Eaton Corporation Inc.
  • General Electric Company
  • Mitsubishi Electric Power Products Inc.
  • Schneider Electric
  • Siemens AG
  • Camsco Electric Co. Ltd.
  • G&W Electric Co.
  • Kirloskar Electric Co. Ltd.
  • Larsen & Toubro Limited
  • Powell Industries Inc.
  • SCHURTER Holding AG
  • Sensata Technologies Inc.
  • Toshiba.
Note: Product cover images may vary from those shown

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