Circuit Breaker Market: By Voltage, By Installation, By End User and Region Forecast 2019-2030
Circuit Breaker Market: By Voltage, By Installation, By End User and Region Forecast 2019-2030
The global circuit breaker market size was valued at US$ 12,738.6 million in 2023 and is projected to reach US$ 18,408.0 million by 2030, at a CAGR of 5.4% from 2024-2030. A circuit breaker is a switch that automatically stops the flow of electricity in an electrical circuit to prevent damage, overheating, and fires. Circuit breakers are similar to fuses, but they can be reset and used repeatedly.
The key growth drivers of the market are rising demand for infrastructure to propel the adoption of circuit breaker systems, increasing adoption of electrical safety regulations, growing investment in renewable energy sources. However, some restraints which hamper the market are stringent environmental regulations, high initial cost, complexity of smart breakers. The opportunities emerging for the growth of market are development of smart grids, rise in data centres and cloud computing. Additionally, the key trends of the market are increasing demand for smart and digital circuit breakers, adoption of renewable energy sources.
The leading companies highlighted in the circuit breaker market report include such as ABB is a leader in electrification products, automation, and power grid technology ; Siemens offers products like 3WL and 3VA, Sentron ; Schneider Electric French multinational specializing in digital automation, energy management, and electrical distribution ; Mitsubishi Electric Corporation offers industrial automation and energy systems and others are Efacec, Kirloskar Electric Company, Camsco Electric, BCH ELECTRIC LTD, Salzer Group, Atom Power, Inc. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach..
In September 2020, Eaton Cummins Automated Transmission Technologies announced the expansion of the Endurant Automated Transmission lineup with the launch of the Endurant XD series. The series is a high-performance automated transmission designed for on-highway applications, such as double and triple trailer trucks, and severe-duty on/off-highway applications.
In April 2024, Schneider Electric introduced smart circuit breakers, the EcoStruxure Power which integrates IoT technology for real time monitoring and predictive maintenance. Its main function is to enhance energy efficiency and reduce downtime in industrial and commercial applications.
By Voltage: Among the three voltage types, the medium voltage is leading the market. Medium voltage circuit breakers, typically designed for voltages ranging from 1 kV to 36 kV, are extensively used in various sectors due to their versatility. The medium voltage market sector in the circuit breaker industry will continue to be the most popular due to its capacity to meet important infrastructure, industrial, and utility needs while also developing to accommodate emerging trends like smart grids and renewable energy integration.
By Installation: In the market, outdoor installation is growing as it is leading the market due to a number of technical, environmental, and financial considerations. These installations, also known as outdoor circuit breakers or outdoor switchgear, are appropriate for certain uses in power grids, industries, and renewable energy projects since they are made to be directly exposed to the harsh environments and as renewable energy grows and power infrastructure modernizes, the demand for outdoor circuit breakers will continue to rise due to their ability to meet the technical and operational challenges of today’s energy landscape.
By End-user: Among all the end users, the commercial sub-segment is leading the market. As, circuit breakers enable effective power distribution, offer critical electrical protection, and support intricate and delicate systems, they are essential in the commercial sector. They are essential in commercial buildings because of their capacity to manage huge power loads, safeguard important equipment, guarantee energy efficiency, and adjust to shifting electrical demands. Furthermore, they will play an increasingly important role in the business sector as a result of innovations like smart circuit breakers and the integration of renewable energy.
Study Period
2024-2030Base Year
2023CAGR
5.4%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
Rising infrastructure development is a significant driver for the adoption of circuit breaker systems, as new and upgraded infrastructure requires reliable and efficient electrical systems to ensure safe and continuous power distribution. Increasing infrastructure development in the public, commercial, industrial, and residential domains requires the use of contemporary electrical systems with dependable protective features. The use of circuit breakers, which are crucial for preventing electrical problems and guaranteeing safety, is growing as infrastructure projects to expand internationally.
The high initial cost is one of the biggest challenges in the market. This factor can limit adoption, especially among smaller businesses and in regions with lower budgets for infrastructure development. Market penetration is restricted by the high initial cost of circuit breaker systems, particularly for sophisticated and smart technologies, especially in areas and sectors where costs are critical. Even while these technologies have long-term advantages, the high upfront costs associated with purchase, installation, and upkeep may discourage some consumers, impede the development of new infrastructure, and restrict acceptance in underdeveloped or smaller markets.
The rise in data centres and cloud computing presents significant opportunity of the market, as modern, dependable, and energy-efficient circuit breakers are in high demand due to the growth of data centres and cloud computing. Manufacturers with creative solutions will be in a good position to benefit from this growing industry, especially those that combine smart technology, energy efficiency, and safety features.
The market is changing as a result of the global trend towards renewable energy, which is driving up demand for sophisticated, adaptable, and intelligent circuit breakers. The market for these cutting-edge circuit breakers will rise dramatically as renewable energy continues to gain popularity, particularly in rapidly developing nations like India. This will present chances to create systems that smoothly interact with grids that handle both traditional and renewable power.
Asia Pacific region is expected to dominate the worldwide circuit breaker market over the forecast period. The region's expansion can be attributed to the growing number of industries, commercial initiatives, and infrastructure developments. Every industrial and manufacturing facility uses a variety of electrical switches, and the Asia Pacific area along with regions like India, China is the global centre of production. Europe is expected to grow significantly in coming forecast years due to increasing investment in developing infrastructure.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 12,738.6 million |
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Market Size in 2030 |
US$ 18,408.0 million |
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Market CAGR |
5.4% |
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By Voltage |
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By Installation |
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By End User |
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By Region |
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As there is rising electrification, the use of renewable energy sources, and the expansion of infrastructure, circuit breakers are becoming more and more necessary in all areas of the economy. The circuit breaker market's future is being shaped simultaneously by technology developments in smart breakers, sustainability, and modular designs. These advancements are propelling growth in both developed and emerging economies by improving the safety, dependability, and efficiency of electrical systems. Whereas, in developed regions like North America and Europe the aging electrical infrastructure requires upgrades creating opportunities for new circuit breaker installations.
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The circuit breaker market is projected to expand from US$ 12,738.6 million in 2023 to US$ 18,408.0 million by 2030, at a CAGR of 5.4% from 2024-2030.
• Rising demand of infrastructure to propel the adoption of circuit breaker systems
• Increasing adoption of electrical safety regulations
• Growing investment in renewable energy sources.
The key market players of circuit breaker market are ABB, Siemens, Schneider Electric, Mitsubishi Electric Corporation.
Asia Pacific region is expected to dominate the circuit breaker market.
| 1.Executive Summary |
| 2.Global Circuit Breaker Market Introduction |
| 2.1.Global Circuit Breaker Market - Taxonomy |
| 2.2.Global Circuit Breaker Market - Definitions |
| 2.2.1. By Voltage |
| 2.2.2. By Installation |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3.Global Circuit Breaker Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Circuit Breaker Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Circuit Breaker Market By Voltage, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Low |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. High |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Circuit Breaker Market By Installation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Indoor |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Outdoor |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Circuit Breaker Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Residential |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Industrial |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Utility |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Circuit Breaker Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Circuit Breaker Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Voltage Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Low |
| 9.1.2.Medium |
| 9.1.3.High |
| 9.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Indoor |
| 9.2.2.Outdoor |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Residential |
| 9.3.2.Commercial |
| 9.3.3.Industrial |
| 9.3.4.Utility |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Circuit Breaker Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Low |
| 10.1.2.Medium |
| 10.1.3.High |
| 10.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Indoor |
| 10.2.2.Outdoor |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Residential |
| 10.3.2.Commercial |
| 10.3.3.Industrial |
| 10.3.4.Utility |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Circuit Breaker Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Low |
| 11.1.2.Medium |
| 11.1.3.High |
| 11.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Indoor |
| 11.2.2.Outdoor |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Residential |
| 11.3.2.Commercial |
| 11.3.3.Industrial |
| 11.3.4.Utility |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Circuit Breaker Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Low |
| 12.1.2.Medium |
| 12.1.3.High |
| 12.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Indoor |
| 12.2.2.Outdoor |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Residential |
| 12.3.2.Commercial |
| 12.3.3.Industrial |
| 12.3.4.Utility |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Circuit Breaker Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Voltage Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Low |
| 13.1.2.Medium |
| 13.1.3.High |
| 13.2. Installation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Indoor |
| 13.2.2.Outdoor |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Residential |
| 13.3.2.Commercial |
| 13.3.3.Industrial |
| 13.3.4.Utility |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.ABB |
| 14.2.2.Schneider Electric |
| 14.2.3.Siemens |
| 14.2.4.Mitsubishi |
| 14.2.5.Toshiba |
| 14.2.6.Powell |
| 14.2.7.TE Connectivity |
| 14.2.8.CG Power |
| 14.2.9.Tavrida Electric |
| 14.2.10.Larsen & Toubro |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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