Industry Background:
A circuit breaker is an absolutely essential switching device that interrupts the abnormal or fault current. It is a mechanical device which disturbs the flow of high magnitude or fault current and in additions performs the function of a switch. It is mainly designed for closing or opening of an electrical circuit, thus protects the electrical system from damage. The global circuit breaker market is expected to witness a significant growth during the forecast period owing to increasing concern for safety in electronic, electrical, automotive, and telecommunication equipment and the expansion and advancement of the transmission network
The Global Circuit Breakers market presents a comprehensive analysis of the Circuit Breakers market by product type (Low Voltage Circuit Breaker (LVCB), High Voltage Circuit Breaker (HVCB) and Medium Voltage Circuit Breaker (MVCB)), by end-user/application (Power Distribution and Power Transmission), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are ABB Ltd (Switzerland), Siemens AG (Germany), General Electric (United States), Toshiba (Japan), Mitsubishi Electric (Japan), Schneider Electric SA (France), Eaton Corporation (Ireland), Alstom (France), E-T-A Elektrotechnische Apparate Gmbh (Germany), Powell Industries Inc. (United States) and TE Connectivity (Switzerland). Additionally, other players that are part of this comprehensive study are G&W Electric Company (United States), Mersen (France), S&C Electric Company (United States) and Littelfuse Inc. (United States).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Ltd (Switzerland), Siemens AG (Germany), General Electric (United States), Toshiba (Japan), Mitsubishi Electric (Japan), Schneider Electric SA (France), Eaton Corporation (Ireland), Alstom (France), E-T-A Elektrotechnische Apparate Gmbh (Germany), Powell Industries Inc. (United States) and TE Connectivity (Switzerland) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising concern for safety in electronic, electrical, automotive, and telecommunication equipment and The expansion and advancement of the transmission network
Market Growth Drivers:
Rising growth of construction & developmental activities and Increasing access to electricity in developing countries
Challenges:
Increasing raw material prices
Restraints:
Stringent environmental & safety regulations for safety circuit breakers and Increasing competition from the messy sector of the circuit breaker market
Opportunities:
Rising demand from upcoming smart cities and Aging power infrastructure
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Circuit Breakers industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Circuit Breakers, the Asia Pacific has emerged as a crucial market for several Circuit Breakers brands.
The Installation, such as Outdoor, is boosting the Circuit Breakers market and is anticipated to experience a steady growth during the forecast period.
The End User, such as Residential, is boosting the Circuit Breakers market and is anticipated to experience a steady growth during the forecast period.
The competitive landscape for the circuit breaker market includes information by competitor. Included information includes an overview of the business, financials, revenue, market potential, investments in R&D, new market initiatives, regional presence, corporate strengths and weaknesses, product launches, product breadth and depth, and application domination. The information presented above only relates to the companies' market focus on circuit breakers.
The regional segmentation covered in this report are:
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)