About Low-voltage Circuit Breakers
The low voltage circuit breaker is defined as the circuit breakers which operate on voltages less than 1000 volts. The important function of the low voltage circuit breaker is interrupted current flow after a fault is detected. It is widely used in houses, certain industrial uses, and small businesses. The main classifications of low-voltage circuit breakers are two-step stored energy mechanism circuit breakers and toggle mechanism. Continued growth of construction & developmental activities and increase access to electricity in developing countries are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Low-voltage Circuit Breakers market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Low-voltage Circuit Breakers Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global Low-voltage Circuit Breakers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Eaton (Ireland), Shanghai Liangxin Electrical Co. Ltd. (China), Delixi Electric Co., Ltd. (China), HangShen Electric (China), CHINT Group (China) and Hyundai Electric & Energy Systems Co., Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Fuji Electric FA Components and Systems Co. Ltd., (Japan), Changshu Switchgear Mfg Co. ltd., (China), Hager Group (Germany) and Shanghai Electric Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Low-voltage Circuit Breakers market by Type (Miniature Circuit Breaker (MCB), Moulded Case Circuit Breaker (MCCB) and Air Circuit Breaker (ACB)), Application (Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Low-voltage Circuit Breakers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Energy Allocation will boost the Low-voltage Circuit Breakers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
The Growing Demand for New Electrical Distribution Infrastructure and Growth in Renewable Power Generation
Challenges:
Problem related to cyber security threats
Restraints:
Stringent Environmental & Safety Regulations for Circuit Breakers
Opportunities:
Upcoming Smart Cities Projects in Developing Countries Such as India, China and others
Market Leaders and their expansionary development strategies
In January 2018, the Circuit Breaker Sales Co., Inc (United States) Company has acquired Berthold Electric Power Services (United States). It will also continue to provide quality maintenance, repair, remanufacturing and testing of low- and medium voltage switchgear and circuit breakers
In May 2018, the Schneider Electric (France) Company had launched a Masterpact MTZ product which is a high-power, low-voltage air circuit breaker. It will benefit increase in the product portfolio of the company.
Key Target Audience
Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.