Market Overview:
The global residual current operated circuit breaker (RCBO) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The RCBO market is segmented by type, application, and region. By type, the RCBO market is segmented into 1 pole, 2 poles, 3 poles and others. The 1 pole segment is expected to dominate the RCBO market during the forecast period owing to its low cost and easy installation. By application, the RCBO market is divided into residential, commercial and industrial applications. The residential sector dominated the global residual current operated circuit breaker (RCBO) in 2017 due to an increase in demand for safety equipment in homes across regions such as North America and Europe.
Product Definition:
A residual current operated circuit breaker (RCBO) is a type of circuit breaker that detects and interrupts an electric current that may still be flowing in a conductor after the main switch has been turned off. This can be caused by a fault in the wiring, such as a short circuit, or by leakage from an appliance. An RCBO will interrupt this residual current before it can cause any damage or injury.
1 Poles:
1 poles is a device that acts as an RCBO for the supply of low voltage electricity to domestic appliances such as vacuum cleaners, coffee machines, hair dryers and electric shavers. It also finds application in some industrial processes such as paper making and sugar refining. The 1 pole circuit breaker market has been witnessing strong growth over the past few years on account of increasing demand from end-use industries across the globe.
2 Poles:
2 poles and it's usage in RCBO market is a device that has two sets of normally closed contacts, one for each pole. The circuit breakers are installed at the utility service entrance points where there are high chances of electrical wires running across the floor. These devices act as an instant protection against short circuits and overloads, protecting electric equipment used in residential or commercial buildings from damage caused by excess current flow through any accidental contact with live parts.
Application Insights:
The industrial segment dominated the global residual current operated circuit breaker (RCBO) market in 2017, accounting for over 60.0% share of the overall revenue. The growing demand for electric and electronic equipment is expected to drive product demand in industrial applications over the forecast period. Furthermore, increasing use of electricity in various industries including oil & gas, chemical, healthcare and food processing coupled with a rise in infrastructural development across emerging economies is anticipated to augment industry growth during the study period.
Residential application was estimated as largest application segment owing to rapid urbanization along with rising disposable income levels among consumers globally which has resulted into increased number of housing projects resulting into an increase residential construction activities across various regions including North America.
Regional Analysis:
Asia Pacific regional market dominated the global RCBO industry in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers in countries, such as China and Japan, has positively influenced the growth of this region. Furthermore, increasing demand for electricity due to rapid industrialization and urbanization is also expected to drive growth over the next eight years.
Europe was estimated as a sizeable market for residual current operated circuit breakers (RCBO) in 2016 owing to growing demand from residential sector especially in Germany, U.K., Italy among other European countries. Countries like France are anticipated to observe high demand for these products owing to rising requirement from commercial sector including hotels/restaurants etc.
Growth Factors:
- Increasing demand for safety and security in electrical installations
- Rapid industrialization and urbanization in developing countries
- Growing awareness about the benefits of using RCBOs over traditional circuit breakers
- Rising investments in electrical infrastructure worldwide
- Technological advancements that have led to the development of more advanced RCBOs
Scope Of The Report
Report Attributes
Report Details
Report Title
Residual Current Operated Circuit Breaker (RCBO) Market Research Report
By Type
1 Poles, 2 Poles, 3 Poles, Others
By Application
Residential, Commercial, Industrial
By Companies
ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, Legrand, CHINT Electrics, Nader, Doepke, Hager
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Residual Current Operated Circuit Breaker (RCBO) Market Report Segments:
The global Residual Current Operated Circuit Breaker (RCBO) market is segmented on the basis of:
Types
1 Poles, 2 Poles, 3 Poles, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Eaton
- Mitsubishi Electric
- Siemens
- Legrand
- CHINT Electrics
- Nader
- Doepke
- Hager
Highlights of The Residual Current Operated Circuit Breaker (RCBO) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1 Poles
- 2 Poles
- 3 Poles
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residual Current Operated Circuit Breaker (RCBO) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A residual current operated circuit breaker (RCBO) is a safety device used to protect electrical systems from overloads. When an overload occurs, the RCBO will trip and interrupt power to the system.
Some of the key players operating in the residual current operated circuit breaker (rcbo) market are ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, Legrand, CHINT Electrics, Nader, Doepke, Hager.
The residual current operated circuit breaker (rcbo) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residual Current Operated Circuit Breaker (RCBO) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Residual Current Operated Circuit Breaker (RCBO) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Residual Current Operated Circuit Breaker (RCBO) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Residual Current Operated Circuit Breaker (RCBO) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Residual Current Operated Circuit Breaker (RCBO) Market Size & Forecast, 2020-2028 4.5.1 Residual Current Operated Circuit Breaker (RCBO) Market Size and Y-o-Y Growth 4.5.2 Residual Current Operated Circuit Breaker (RCBO) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1 Poles
5.2.2 2 Poles
5.2.3 3 Poles
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residual Current Operated Circuit Breaker (RCBO) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residual Current Operated Circuit Breaker (RCBO) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1 Poles
9.6.2 2 Poles
9.6.3 3 Poles
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1 Poles
10.6.2 2 Poles
10.6.3 3 Poles
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1 Poles
11.6.2 2 Poles
11.6.3 3 Poles
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1 Poles
12.6.2 2 Poles
12.6.3 3 Poles
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1 Poles
13.6.2 2 Poles
13.6.3 3 Poles
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residual Current Operated Circuit Breaker (RCBO) Market: Competitive Dashboard
14.2 Global Residual Current Operated Circuit Breaker (RCBO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Eaton
14.3.4 Mitsubishi Electric
14.3.5 Siemens
14.3.6 Legrand
14.3.7 CHINT Electrics
14.3.8 Nader
14.3.9 Doepke
14.3.10 Hager