Market Overview:
The global circuit breakers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy and the need for reliable and safe power supply. The air circuit breaker segment is expected to dominate the market during the forecast period, owing to its high efficiency and low maintenance cost. Asia Pacific is expected to be the fastest-growing region in terms of revenue, owing to the growing demand for electricity in countries such as China and India.
Product Definition:
A circuit breaker is a switch that opens and closes automatically to interrupt an electrical current in a circuit, most often used to protect an overloaded or short circuited electrical circuit. Circuit breakers are important because they prevent fires and electrocution by shutting down circuits when they become overloaded.
Air circuit breaker:
An air circuit breaker is a device used to interrupt an electric current in the event of a fault. It does not require any external connections and can be mounted directly on the equipment or structure it protects. Air circuit breakers are primarily used for protection against low amperage short circuits and high amperage long circuits, although they can also protect against ground faults at certain installations.
Oil circuit breaker:
An oil circuit breaker is a device used to protect an electrical circuit from damage due to fluctuating voltages or current. It works by changing the flow of oil through the system, thus providing resistance against voltage fluctuations and protecting the equipment installed in it.
The market for Oil Circuit Breakers (OCC) has been witnessing significant growth over the past few years on account of increasing demand across various end-use industries such as power generation, automotive, aerospace & defense.
Application Insights:
The air circuit breaker application segment led the global circuit breakers market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing demand for electricity from industrial sectors such as oil & gas, chemical, food & beverage, and pulp & paper is expected to drive the demand for air circuit breakers over the coming years.
The sulfur hexafluoride (SF6) circuit breaker application segment accounted for a significant share of 19.1% in terms of revenue in 2017 owing to its ability to protect equipment from damage caused by lightning or power surge on account of its high withstand voltage property which helps prevent electric shock hazard during switching operations across multiple grids connected through SF6 bus bars.
Other applications include oil.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in developing economies, such as China and India. In addition, rising investments in expanding power generation capacities are likely to drive product demand across this region.
The Europe market was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to growing concerns regarding security of energy supply amid severe weather conditions along with increasing adoption of circuit breakers by key utility companies across this region will drive industry expansion further. Moreover, technological advancements coupled with stringent regulations aimed at reducing carbon footprint associated with conventional methods used for oil & gas exploration are projected favorably impact industry development prospects within this region as well as across other regions globally during the same period (2017 - 2030).
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing investments in renewable energy projects
- Rising concerns over energy security
- Proliferation of smart grids and microgrids
- Technological advancements in circuit breaker products
Scope Of The Report
Report Attributes
Report Details
Report Title
Circuit Breakers Market Research Report
By Type
Air circuit breaker, Oil circuit breaker, Sulfur hexafluoride circuit breaker, Vacuum circuit breaker, Other circuit breakers
By Application
Air circuit breaker, Oil circuit breaker, Sulfur hexafluoride circuit breaker
By Companies
General Electric, ABB, Alstom, Eaton, Mitsubishi Electric, Schneider Electric, Siemens, Maxwell, Toshiba, Pennsylvania Breaker, Legrand, Schurter Holding, Hager, Fuji Electric, Hyundai, CHINT Electrics, DELIXI, Changshu Switchgear, Shanghai Renmin, Liangxin
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Circuit Breakers Market Report Segments:
The global Circuit Breakers market is segmented on the basis of:
Types
Air circuit breaker, Oil circuit breaker, Sulfur hexafluoride circuit breaker, Vacuum circuit breaker, Other circuit breakers
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
Air circuit breaker, Oil circuit breaker, Sulfur hexafluoride circuit breaker
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:
- General Electric
- ABB
- Alstom
- Eaton
- Mitsubishi Electric
- Schneider Electric
- Siemens
- Maxwell
- Toshiba
- Pennsylvania Breaker
- Legrand
- Schurter Holding
- Hager
- Fuji Electric
- Hyundai
- CHINT Electrics
- DELIXI
- Changshu Switchgear
- Shanghai Renmin
- Liangxin
Highlights of The Circuit Breakers 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:
- Air circuit breaker
- Oil circuit breaker
- Sulfur hexafluoride circuit breaker
- Vacuum circuit breaker
- Other circuit breakers
- By Application:
- Air circuit breaker
- Oil circuit breaker
- Sulfur hexafluoride circuit breaker
- 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 Circuit Breakers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Circuit breakers are devices that interrupt electrical current in order to protect equipment or people.
Some of the major companies in the circuit breakers market are General Electric, ABB, Alstom, Eaton, Mitsubishi Electric, Schneider Electric, Siemens, Maxwell, Toshiba, Pennsylvania Breaker, Legrand, Schurter Holding, Hager, Fuji Electric, Hyundai, CHINT Electrics, DELIXI, Changshu Switchgear, Shanghai Renmin, Liangxin.
The circuit breakers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Circuit Breakers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Circuit Breakers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Circuit Breakers Market - Supply Chain
4.5. Global Circuit Breakers Market Forecast
4.5.1. Circuit Breakers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Circuit Breakers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Circuit Breakers Market Absolute $ Opportunity
5. Global Circuit Breakers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Circuit Breakers Market Size and Volume Forecast by Type
5.3.1. Air circuit breaker
5.3.2. Oil circuit breaker
5.3.3. Sulfur hexafluoride circuit breaker
5.3.4. Vacuum circuit breaker
5.3.5. Other circuit breakers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Circuit Breakers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Circuit Breakers Market Size and Volume Forecast by Application
6.3.1. Air circuit breaker
6.3.2. Oil circuit breaker
6.3.3. Sulfur hexafluoride circuit breaker
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Circuit Breakers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Circuit Breakers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Circuit Breakers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Circuit Breakers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Circuit Breakers Demand Share Forecast, 2019-2029
9. North America Circuit Breakers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Circuit Breakers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Circuit Breakers Market Size and Volume Forecast by Application
9.4.1. Air circuit breaker
9.4.2. Oil circuit breaker
9.4.3. Sulfur hexafluoride circuit breaker
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Circuit Breakers Market Size and Volume Forecast by Type
9.7.1. Air circuit breaker
9.7.2. Oil circuit breaker
9.7.3. Sulfur hexafluoride circuit breaker
9.7.4. Vacuum circuit breaker
9.7.5. Other circuit breakers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Circuit Breakers Demand Share Forecast, 2019-2029
10. Latin America Circuit Breakers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Circuit Breakers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Circuit Breakers Market Size and Volume Forecast by Application
10.4.1. Air circuit breaker
10.4.2. Oil circuit breaker
10.4.3. Sulfur hexafluoride circuit breaker
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Circuit Breakers Market Size and Volume Forecast by Type
10.7.1. Air circuit breaker
10.7.2. Oil circuit breaker
10.7.3. Sulfur hexafluoride circuit breaker
10.7.4. Vacuum circuit breaker
10.7.5. Other circuit breakers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Circuit Breakers Demand Share Forecast, 2019-2029
11. Europe Circuit Breakers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Circuit Breakers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Circuit Breakers Market Size and Volume Forecast by Application
11.4.1. Air circuit breaker
11.4.2. Oil circuit breaker
11.4.3. Sulfur hexafluoride circuit breaker
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Circuit Breakers Market Size and Volume Forecast by Type
11.7.1. Air circuit breaker
11.7.2. Oil circuit breaker
11.7.3. Sulfur hexafluoride circuit breaker
11.7.4. Vacuum circuit breaker
11.7.5. Other circuit breakers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Circuit Breakers Demand Share, 2019-2029
12. Asia Pacific Circuit Breakers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Circuit Breakers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Circuit Breakers Market Size and Volume Forecast by Application
12.4.1. Air circuit breaker
12.4.2. Oil circuit breaker
12.4.3. Sulfur hexafluoride circuit breaker
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Circuit Breakers Market Size and Volume Forecast by Type
12.7.1. Air circuit breaker
12.7.2. Oil circuit breaker
12.7.3. Sulfur hexafluoride circuit breaker
12.7.4. Vacuum circuit breaker
12.7.5. Other circuit breakers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Circuit Breakers Demand Share, 2019-2029
13. Middle East & Africa Circuit Breakers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Circuit Breakers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Circuit Breakers Market Size and Volume Forecast by Application
13.4.1. Air circuit breaker
13.4.2. Oil circuit breaker
13.4.3. Sulfur hexafluoride circuit breaker
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Circuit Breakers Market Size and Volume Forecast by Type
13.7.1. Air circuit breaker
13.7.2. Oil circuit breaker
13.7.3. Sulfur hexafluoride circuit breaker
13.7.4. Vacuum circuit breaker
13.7.5. Other circuit breakers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Circuit Breakers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Circuit Breakers Market: Market Share Analysis
14.2. Circuit Breakers Distributors and Customers
14.3. Circuit Breakers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alstom
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Maxwell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pennsylvania Breaker
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Legrand
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Schurter Holding
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hager
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fuji Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hyundai
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CHINT Electrics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DELIXI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Changshu Switchgear
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shanghai Renmin
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Liangxin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
