Market Overview:
The global smart circuit breaker market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and intelligent electrical equipment, rising concerns over safety and security, and growing investments in smart grid infrastructure. The global smart circuit breaker market is segmented by type, application, and region. By type, the market is divided into miniature circuit breakers (MCBs) and molded-case circuit breakers (MCCBs). By application, the market is classified into residential & commercial buildings, industrial manufacturing facilities, power transmission & distribution systems, and others. Geographically speaking, it covers North America (the U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (South Africa).
Product Definition:
A Smart Circuit Breaker is a circuit breaker that has the ability to detect an overload condition and interrupt the power supply to the affected circuit automatically. This helps prevent damage to the electrical equipment and prevents fires.
Miniature Circuit Breaker (MCB):
Miniature circuit breakers (MCB) are a special type of electronic component used to protect electrical equipment from damage due to short circuits, overvoltage, and undervoltage. They are also known as smart circuit breakers because they possess intelligent features such as auto-recovery and self-diagnosis. Miniature circuit breakers have replaced the traditional fuses in most applications; however, their physical size makes them difficult to use in some situations where space is an issue.
Molded-case Circuit Breaker (MCCB):
MCCB is a device used to protect the equipment from damage caused by abnormal current or voltage fluctuations. It monitors the current flow through an entire circuit and if it detects any abnormality, it automatically trips a protective relay that cuts the power supply to avoid any accidents.
The molded-case circuit breakers are designed for use in applications where space is at a premium and reliability is essential.
Application Insights:
The power transmission and distribution segment dominated the global smart circuit breaker market in terms of revenue share in 2017. The growing demand for electric motors coupled with the high number of power lines is anticipated to drive product demand over the forecast period. Moreover, increasing investments by governments across various regions are expected to boost industry growth over the coming years.
The residential and commercial application segment accounted for a significant market share in 2017 owing to rising consumer spending on modern technologies such as LED lightings, HVAC systems, electrical appliances along with an increase in disposable income levels across various regions including Asia Pacific and Middle East & Africa. In addition, growing urbanization trends coupled with rising housing projects are projected to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing demand for smart grid technology in countries such as China and Japan. In 2015, China accounted for a major share of global smart grid technology adoption with around USD X million spent on smart grid infrastructure development. Moreover, rising awareness regarding energy conservation and sustainable development is anticipated to fuel industry expansion over the next eight years.
The European market was valued at USD X million in 2017 owing to high demand from residential and commercial applications segments across Germany, U.K., France among other countries within Europe region that are technologically advanced when compared to others within their respective regions or economies of origin (eastern Europe). Furthermore, presence of prominent players such as Siemens AG; Alstom Grid Ltd.; General Electric; ABB Ltd.
Growth Factors:
- Increasing demand for smart circuit breakers from the industrial sector on account of growing awareness about the benefits of using these devices.
- Rapid expansion in the construction and infrastructure sectors, which is expected to create a high demand for smart circuit breakers in the coming years.
- Rising concerns about safety and security, which is driving investments in smart circuit breaker technology across various industry verticals.
- Growing popularity of energy-efficient appliances and equipment, which is boosting demand for smart circuit breakers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Circuit Breaker Market Research Report
By Type
Miniature Circuit Breaker (MCB), Molded-case Circuit Breaker (MCCB)
By Application
Residential & Commercial, Industrial Manufacturing, Power Transmission and Distribution, Others
By Companies
Siemens, ABB, Microsemi Corporation, Eaton, Leviton Manufacturing, Lumin, KG Technologies, Schneider Electric, GEYA Electric, Redler Technologies, Amber Solutions, Aussbond Pty Ltd, CHINT, Shenzhen Meibixi, Shenzhen Mantunsci, Shanghai JALA Smart
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Smart Circuit Breaker Market Report Segments:
The global Smart Circuit Breaker market is segmented on the basis of:
Types
Miniature Circuit Breaker (MCB), Molded-case Circuit Breaker (MCCB)
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 Manufacturing, Power Transmission and Distribution, 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:
- Siemens
- ABB
- Microsemi Corporation
- Eaton
- Leviton Manufacturing
- Lumin
- KG Technologies
- Schneider Electric
- GEYA Electric
- Redler Technologies
- Amber Solutions
- Aussbond Pty Ltd
- CHINT
- Shenzhen Meibixi
- Shenzhen Mantunsci
- Shanghai JALA Smart
Highlights of The Smart Circuit Breaker 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:
- Miniature Circuit Breaker (MCB)
- Molded-case Circuit Breaker (MCCB)
- By Application:
- Residential & Commercial
- Industrial Manufacturing
- Power Transmission and Distribution
- 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 Smart Circuit Breaker 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?
A Smart Circuit Breaker is a type of electrical breaker that can be remotely operated. This allows technicians to quickly and easily reset the breaker when it trips, preventing potential damage to equipment.
Some of the major players in the smart circuit breaker market are Siemens, ABB, Microsemi Corporation, Eaton, Leviton Manufacturing, Lumin, KG Technologies, Schneider Electric, GEYA Electric, Redler Technologies, Amber Solutions, Aussbond Pty Ltd, CHINT, Shenzhen Meibixi, Shenzhen Mantunsci, Shanghai JALA Smart.
The smart circuit breaker market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Circuit Breaker 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 Smart Circuit Breaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Circuit Breaker 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 Smart Circuit Breaker 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 Smart Circuit Breaker Market Size & Forecast, 2018-2028
4.5.1 Smart Circuit Breaker Market Size and Y-o-Y Growth
4.5.2 Smart Circuit Breaker Market Absolute $ Opportunity
Chapter 5 Global Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Type
5.2.1 Miniature Circuit Breaker (MCB)
5.2.2 Molded-case Circuit Breaker (MCCB)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Applications
6.2.1 Residential & Commercial
6.2.2 Industrial Manufacturing
6.2.3 Power Transmission and Distribution
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Circuit Breaker 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 Smart Circuit Breaker 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 Smart Circuit Breaker Analysis and Forecast
9.1 Introduction
9.2 North America Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Type
9.6.1 Miniature Circuit Breaker (MCB)
9.6.2 Molded-case Circuit Breaker (MCCB)
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 Smart Circuit Breaker Market Size Forecast by Applications
9.10.1 Residential & Commercial
9.10.2 Industrial Manufacturing
9.10.3 Power Transmission and Distribution
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 Smart Circuit Breaker Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Type
10.6.1 Miniature Circuit Breaker (MCB)
10.6.2 Molded-case Circuit Breaker (MCCB)
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 Smart Circuit Breaker Market Size Forecast by Applications
10.10.1 Residential & Commercial
10.10.2 Industrial Manufacturing
10.10.3 Power Transmission and Distribution
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 Smart Circuit Breaker Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Type
11.6.1 Miniature Circuit Breaker (MCB)
11.6.2 Molded-case Circuit Breaker (MCCB)
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 Smart Circuit Breaker Market Size Forecast by Applications
11.10.1 Residential & Commercial
11.10.2 Industrial Manufacturing
11.10.3 Power Transmission and Distribution
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 Smart Circuit Breaker Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Circuit Breaker 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 Smart Circuit Breaker Market Size Forecast by Type
12.6.1 Miniature Circuit Breaker (MCB)
12.6.2 Molded-case Circuit Breaker (MCCB)
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 Smart Circuit Breaker Market Size Forecast by Applications
12.10.1 Residential & Commercial
12.10.2 Industrial Manufacturing
12.10.3 Power Transmission and Distribution
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) Smart Circuit Breaker Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Circuit Breaker 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) Smart Circuit Breaker Market Size Forecast by Type
13.6.1 Miniature Circuit Breaker (MCB)
13.6.2 Molded-case Circuit Breaker (MCCB)
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) Smart Circuit Breaker Market Size Forecast by Applications
13.10.1 Residential & Commercial
13.10.2 Industrial Manufacturing
13.10.3 Power Transmission and Distribution
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 Smart Circuit Breaker Market: Competitive Dashboard
14.2 Global Smart Circuit Breaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 Microsemi Corporation
14.3.4 Eaton
14.3.5 Leviton Manufacturing
14.3.6 Lumin
14.3.7 KG Technologies
14.3.8 Schneider Electric
14.3.9 GEYA Electric
14.3.10 Redler Technologies
14.3.11 Amber Solutions
14.3.12 Aussbond Pty Ltd
14.3.13 CHINT
14.3.14 Shenzhen Meibixi
14.3.15 Shenzhen Mantunsci
14.3.16 Shanghai JALA Smart
