Market Overview:
The global circuit breaker lockout market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric power, industrial and automobile applications, and the growing awareness about safety measures. The global circuit breaker lockout market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into small-scale, large-scale and others. On the basis of application, it is divided into electric power industry, industrial sector automotive sector and others segments respectively. Region wise it covers North America (U.S., Canada), Latin America (Brazil), Europe (Germany France Italy Spain U K.), Asia Pacific (China Japan India South Korea ASEAN) Middle East & Africa(GCC Countries Turkey Iran South Africa).
Product Definition:
A circuit breaker lockout is a device that is placed over the handle of a circuit breaker to prevent it from being turned off. This is used to keep the power on in a facility or to keep someone from turning off the power accidentally.
Small-scale:
Small-scale enterprises are the backbone of any country's economic growth. The global economy has been witnessing a trend where small-scale enterprises have been gaining traction and are increasingly being recognized as an important source of innovation, employment generation, and economic development. According to the World Bank Group, Small & Medium Enterprises (SMEs) contribute over 60% of total employment in developing countries like India and China.
Large-scale:
Large-scale is a circuit breaker that is used in the circuit breaker lockout. It prevents the tripping of loads due to overcurrent protection, short circuits or open circuits in an electric network. The device works as an automatic protective device for breaking the current flow when it detects a fault in the system and automatically opens a path for neutralization of the fault through resistance elements such as resistors and coils.
Application Insights:
Electric power application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing demand for electric power due to rapid industrialization, urbanization, increasing disposable income and population coupled with stringent government regulations regarding environmental protection is expected to drive the growth of this segment over the coming years.
The industrial application segment was valued at USD 1,252.5 million in 2017 owing to its rising use across various industries including oil & gas, chemical, manufacturing etc., which require circuit breakers with high safety standards such as IEC 61800-3-2& -3 certification along with features such as fast tripping capability along with space saving design suitable for large scale applications across multiple sites. These circuit breakers are used in hazardous areas where electrical hazards may occur during operations or while handling equipment etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising investments in key sectors such as manufacturing, construction, and transportation & logistics. In addition, growing awareness regarding security measures in commercial facilities such as malls and factories is anticipated to fuel product demand during the forecast period.
The market for global circuit breaker lockout in Europe accounted for a share of more than 20% owing to stringent government regulations pertaining to safety standards across various industries coupled with rising consumer awareness towards personal safety from electric shock/arcs caused due to tripping of electrical equipment/machinery within a factory or plant premises. Moreover, stringent norms laid down by European Union (EU) bodies are further expected to drive demand over the next eight years.
Growth Factors:
- Increasing demand for safety and security in industrial and commercial sectors
- Growing awareness about the benefits of using circuit breaker lockout devices
- Proliferation of smart factories and Industry 4.0 initiatives
- Rising demand for energy-efficient electrical equipment and systems
- Technological advancements that enable the development of more sophisticated circuit breaker lockout devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Circuit Breaker Lockout Market Research Report
By Type
Small-scale, Large-scale, Others
By Application
Electric Power, Industrial, Automobile, Others
By Companies
Brady, Master Lock Company LLC, 3M, Deenergize, Tradesafe, Sranco, Inc., Zing Green Safety Products, E-Square, Wenzhou Ulterior Electric Technology Co., Ltd., KRM Corporation, Reece Safety, Schneider Electric, Wenzhou Doctor Safety Products Co., Ltd, Cableaway, Biname, Etcon, Rocco Safety Products Co., Ltd
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Circuit Breaker Lockout Market Report Segments:
The global Circuit Breaker Lockout market is segmented on the basis of:
Types
Small-scale, Large-scale, 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
Electric Power, Industrial, Automobile, Others
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:
- Brady
- Master Lock Company LLC
- 3M
- Deenergize
- Tradesafe
- Sranco, Inc.
- Zing Green Safety Products
- E-Square
- Wenzhou Ulterior Electric Technology Co., Ltd.
- KRM Corporation
- Reece Safety
- Schneider Electric
- Wenzhou Doctor Safety Products Co., Ltd
- Cableaway
- Biname
- Etcon
- Rocco Safety Products Co., Ltd
Highlights of The Circuit Breaker Lockout 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:
- Small-scale
- Large-scale
- Others
- By Application:
- Electric Power
- Industrial
- Automobile
- Others
- 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 Breaker Lockout 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 breaker lockout is a safety feature that prevents power from being supplied to an electrical circuit if the circuit breaker fails.
Some of the major companies in the circuit breaker lockout market are Brady, Master Lock Company LLC, 3M, Deenergize, Tradesafe, Sranco, Inc., Zing Green Safety Products, E-Square, Wenzhou Ulterior Electric Technology Co., Ltd., KRM Corporation, Reece Safety, Schneider Electric, Wenzhou Doctor Safety Products Co., Ltd, Cableaway, Biname, Etcon, Rocco Safety Products Co., Ltd.
The circuit breaker lockout 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 Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Circuit Breaker Lockout 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 Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size & Forecast, 2018-2028 4.5.1 Circuit Breaker Lockout Market Size and Y-o-Y Growth 4.5.2 Circuit Breaker Lockout Market Absolute $ Opportunity
Chapter 5 Global Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Type
5.2.1 Small-scale
5.2.2 Large-scale
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Applications
6.2.1 Electric Power
6.2.2 Industrial
6.2.3 Automobile
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Circuit Breaker Lockout 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 Circuit Breaker Lockout 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 Circuit Breaker Lockout Analysis and Forecast
9.1 Introduction
9.2 North America Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Type
9.6.1 Small-scale
9.6.2 Large-scale
9.6.3 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 Circuit Breaker Lockout Market Size Forecast by Applications
9.10.1 Electric Power
9.10.2 Industrial
9.10.3 Automobile
9.10.4 Others
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 Circuit Breaker Lockout Analysis and Forecast
10.1 Introduction
10.2 Europe Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Type
10.6.1 Small-scale
10.6.2 Large-scale
10.6.3 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 Circuit Breaker Lockout Market Size Forecast by Applications
10.10.1 Electric Power
10.10.2 Industrial
10.10.3 Automobile
10.10.4 Others
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 Circuit Breaker Lockout Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Type
11.6.1 Small-scale
11.6.2 Large-scale
11.6.3 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 Circuit Breaker Lockout Market Size Forecast by Applications
11.10.1 Electric Power
11.10.2 Industrial
11.10.3 Automobile
11.10.4 Others
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 Circuit Breaker Lockout Analysis and Forecast
12.1 Introduction
12.2 Latin America Circuit Breaker Lockout 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 Circuit Breaker Lockout Market Size Forecast by Type
12.6.1 Small-scale
12.6.2 Large-scale
12.6.3 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 Circuit Breaker Lockout Market Size Forecast by Applications
12.10.1 Electric Power
12.10.2 Industrial
12.10.3 Automobile
12.10.4 Others
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) Circuit Breaker Lockout Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Circuit Breaker Lockout 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) Circuit Breaker Lockout Market Size Forecast by Type
13.6.1 Small-scale
13.6.2 Large-scale
13.6.3 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) Circuit Breaker Lockout Market Size Forecast by Applications
13.10.1 Electric Power
13.10.2 Industrial
13.10.3 Automobile
13.10.4 Others
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 Circuit Breaker Lockout Market: Competitive Dashboard
14.2 Global Circuit Breaker Lockout Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brady
14.3.2 Master Lock Company LLC
14.3.3 3M
14.3.4 Deenergize
14.3.5 Tradesafe
14.3.6 Sranco, Inc.
14.3.7 Zing Green Safety Products
14.3.8 E-Square
14.3.9 Wenzhou Ulterior Electric Technology Co., Ltd.
14.3.10 KRM Corporation
14.3.11 Reece Safety
14.3.12 Schneider Electric
14.3.13 Wenzhou Doctor Safety Products Co., Ltd
14.3.14 Cableaway
14.3.15 Biname
14.3.16 Etcon
14.3.17 Rocco Safety Products Co., Ltd