What is Automated Circuit BreakersMarket?
Automated Circuit Breakers are electrical equipment which act as an electrical switch to protect the electrical appliances or equipment due to excess current overload. They give an advantage over fuse as this can reused again and again after resetting them. Automated circuit breakers can be segmented into molded case circuit breakers, motor circuit breakers and miniature circuit breakers. The automated circuit breakers are also available in different sizes based on varying voltage requirements such as high voltage, low voltage and medium voltage. The growing adoption or electrification of systems and rapid industrialisation as well as urbanisation has led to the growth of the automated circuit breaker market. North America and Asia Pacific are the biggest market of the automated circuit breakers.
Automated Circuit Breakers Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2028 |
Base Year | 2022 |
Growth Drivers | - Advancement in Technology
- Growing Electrification of Various Industrial Systems
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Challenges & Pitfalls | - Less Awareness about the Benefit of the Product Electrical Retail Market in Developing Countries will Provide Exciting Opportunities to Expand
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Opportunities
Electrical Retail Market in Developing Countries will Provide Exciting Opportunities to Expand
Restraints
- High Cost compared to Contemporary Fuse
The Players Covered in the Study are:
KSB SE & Co. KGaA (Germany), Siemens AG (Germany), Kirloskar Electric Company Ltd. (India), Mitsubishi Electric Corporation (Japan), Mouser Electronics Inc. (United States), Schneider Electric SE (France), Rockwell Automation, Inc. (United States), ABB Ltd. (Switzerland), Carling Technologies, Inc. (United States) and Havells India Limited (United States)
Available Customization:
A list of players that can be included in the study on an immediate basis are Geya Electrical Co. (China), Hella Group (Germany) and BVM Technologies Private Limited (India).
Market Development Activities
In 2020, Siemens AG, a Germany based multinational conglomerate specialised for industrial equipment and electrical equipment has announced acquisition of C&S Electric Limited, with the signing of a definitive agreement. The acquisition will be made through Siemens India’s subsidiary known as Siemens Ltd. C&S Electric is India based global manufacturer of electrical equipment. The acquisition is expected to position Siemens as leading manufacturer of low-voltage power distribution and electrical installation technology.
In 2021, ABB Ltd., the Swiss multinational electrical equipment and automation products has announced launch of its new circuit breakers specifically for electrical retail market in India. The launch was done by ABB’s India subsidiary known as ABB India. The launched products include Miniature Circuit Breakers (MCBs), Residual Current Circuit Breakers (RCCBs) and Isolators. All the launched products come under ABB’s reliable Formula DIN-Rail portfolio. This new products would significantly improve the electrical performance of both commercial and residential units.