Industry Background:
As part of a fully digitized power distribution system, intelligent circuit breakers help to simplify regular maintenance, avoid outages, and restore power quickly when an outage occurs. A mainstream of their capabilities assists to increase safety and reliability, decrease energy and maintenance costs, extend equipment life, and save time. The entrenched energy metering in the devices also helps to meet new efficacy standards, and Ethernet connectivity ensures power, energy, and breaker diagnostic data is always available. The most advanced intelligent circuit breakers have a flexible design, which enables adaptation to a demanding environment.
According to AMA Research, the market for Intelligent Circuit Breakers is expected to register a CAGR of 10.3% during the forecast period to 2030. This growth is primarily driven by Sustained Growth of Construction & Developmental Activities
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
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 |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as General Electric (United States), Eaton (Ireland), Schneider Electric (France), Mors Smitt Group (Netherlands), Shanghai People's Electric (China), Siemens (Germany), ABB (Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan) and Hyundai (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2022, ABB unveiled a 'tomorrow ready' digital circuit breaker, the VD4 evo, which is safer, smarter, and more sustainable with advanced digital features.
In August 2023, Leviton announced the new Whole Home Energy Monitor and 2nd Gen Smart Circuit Breakers with Remote Control, enhancing its Load Center and My Leviton app for residential energy management.Leading key players of intelligent circuit breakers are focusing on strategic partnerships and new product launches to improve their products & services and also they are focusing on increasing their client base to strengthen market position.
Influencing Trend:
High Growth in Renewable Power Generation
Market Growth Drivers:
Sustained Growth of Construction & Developmental Activities and Growing Access to Electricity in Developing Countries
Challenges:
Concerns Regarding Cybersecurity Threats
Restraints:
Stringent Environmental & Safety Regulations for Intelligent Circuit Breakers
Opportunities:
Potential Opportunities in Emerging Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Intelligent Circuit Breakers Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Intelligent Circuit Breakers Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Intelligent Circuit Breakers players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Intelligent Circuit Breakers Study Sheds Light on
The Intelligent Circuit Breakers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Intelligent Circuit Breakers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Intelligent Circuit Breakers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.