Circuit Monitoring Market Report 2025

This Circuit Monitoring Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The circuit monitoring market size has grown strongly in recent years. It will grow from $1.15 billion in 2024 to $1.26 billion in 2025 at a compound annual growth rate (CAGR) of 9%. The growth during the historic period can be attributed to the increasing adoption of smart grids, a rising need for predictive maintenance, higher electricity consumption, a stronger focus on sustainability, and the growth of industrial automation.

The circuit monitoring market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth during the forecast period can be attributed to the increasing adoption of renewable energy, the growing importance of data analytics, a rise in industrial infrastructure development, the increase in connected devices, a stronger focus on energy optimization, and the rising demand for energy storage systems. Key trends expected during this period include advancements in IoT and sensor technology, developments in artificial intelligence and machine learning, integration with cloud computing, incorporation into building management systems, the creation of energy-efficient monitoring systems, and a shift towards automated and intelligent systems.

The growing adoption of renewable energy sources is expected to drive the expansion of the circuit monitoring market. Renewable energy sources, such as solar, wind, hydro, geothermal, and biomass, offer sustainable and clean power. This shift toward renewables is fueled by concerns about climate change, the depletion of fossil fuel reserves, and the increasing need for sustainability. The widespread adoption of these energy sources is supported by innovations, government policies, and cost reductions. Circuit monitoring plays a crucial role in ensuring grid stability, detecting faults in real time, optimizing energy distribution, and enhancing system performance as renewable energy sources become more integrated. For example, in January 2024, the US Energy Information Administration reported that U.S. solar power generation is expected to grow by 75%, from 163 billion kWh in 2023 to 286 billion kWh by 2025, while wind power generation is projected to increase by 11%, from 430 billion kWh in 2023 to 476 billion kWh by 2025. As renewable energy adoption increases, the circuit monitoring market is poised for growth.

Companies in the circuit monitoring market are focusing on innovations such as compact switchgear to improve efficiency, optimize space usage, and enhance the reliability of circuit monitoring systems across various applications. Compact switchgear is a space-saving electrical system designed to control and protect circuits, making it ideal for installations where space is limited without compromising performance. For example, in May 2022, Schneider Electric SE, a France-based automation machinery manufacturer, introduced SureSeT MV switchgear and EvoPacT circuit breakers. This combination boosts operational efficiency with compact designs, digital monitoring, and predictive maintenance features. EvoPacT's 25% smaller size and 40-year lifespan improve space utilization and equipment durability. The built-in sensors and wireless capabilities allow for remote management, early problem detection, and performance optimization through cloud services, all contributing to improved safety and uptime.

In July 2022, Eaton Corporation plc, an Ireland-based power management company, acquired a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co. Ltd. for an undisclosed sum. This acquisition strengthens Eaton’s position in the market, broadens its circuit breaker offerings, and enhances its ability to meet the increasing demand for advanced electrical infrastructure and power management solutions. Jiangsu Huineng Electric Co. Ltd. is a China-based company that manufactures low-voltage electrical equipment, including circuit breakers.

Major players in the circuit monitoring market are Siemens AG, General Electric Company, Schneider Electric S.E., ABB Limited, Toshiba International Corporation, Eaton Corporation plc, Molex LLC, Legrand S.A., Rockwell Automation Inc., Omron Corporation, Phoenix Contact GmbH & Co. KG, Leviton Manufacturing Company Inc., Socomec Group, ETA Elektrotechnische Apparate GmbH, NHP Electrical Engineering Products Pty Limited, Acrel Electric Co. Limited, Elmeasure India Private Limited, Accuenergy Inc., Anord Mardix, Nlyte Software LLC, Senva Inc., Schurter AG, CET Technology, CircuitMeter Inc., Packet Power LLC, Daxten Limited.

North America was the largest region in the circuit monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in circuit monitoring report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the circuit monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Circuit monitoring refers to the process of collecting and analyzing electrical data from circuits to support power management and enhance energy efficiency. It is used to track, analyze, and optimize electrical performance by measuring voltage, current, and power consumption while detecting faults in real time.

The main product types in circuit monitoring include circuit breakers, contactors, relays, fuses, circuit protection modules, motor protection relays, residual current devices, power meters, and smart circuit breakers. Circuit breakers are designed to automatically interrupt the flow of electricity during faults or overloads, protecting circuits from damage and ensuring safe operation. Voltage ratings for these devices are categorized as low voltage (up to 1000V), medium voltage (1000V to 33kV), and high voltage (33kV and above). These products are used in a variety of applications, such as industrial automation, power generation and distribution, building automation, consumer electronics, transportation, medical equipment, and the oil and gas sector. Key end-users include manufacturers, utilities, commercial and residential buildings, and data centers.

The circuit monitoring market research report is one of a series of new reports that provides circuit monitoring market statistics, including the circuit monitoring industry's global market size, regional shares, competitors with a circuit monitoring market share, detailed circuit monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the circuit monitoring industry. This circuit monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The circuit monitoring market consists of revenues earned by entities providing services such as real-time power monitoring, energy management, fault detection, predictive maintenance, and remote diagnostics. The market value includes the value of related goods sold by the service provider or included within the service offering. The circuit monitoring market also includes sales of monitoring devices, sensors, smart meters, software solutions, surge protectors, and relay panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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