Market Overview:
The global intelligent circuit breakers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and smart homes, as well as industrial facilities. In addition, the growing awareness about safety and security is also driving the demand for intelligent circuit breakers.
Product Definition:
An intelligent circuit breaker is a device that monitors the electrical current passing through it and opens automatically when the current exceeds a certain value, thereby interrupting the flow of electricity and protecting against an overload or short circuit.
Air Circuit Breakers:
Air circuit breakers (ACB) are a type of protective device used to interrupt the flow of electric current in case of an emergency. They are mainly employed in switch mode power supply systems and high voltage switchgear. ACBs can be easily identified by their distinctive shape, which is designed to fit into a particular space or niche.
Moulded Case Circuit Breakers:
Molded case circuit breakers (MCCB) are used in intelligent circuit breakers market. Intelligent circuit breakers are devices that control the flow of electric current in case of an emergency such as a short-circuit or overload situation. MCCBs have various advantages over conventional switches, which include high withstand voltage and improved switching time, along with low maintenance cost and compact size.
Application Insights:
The industrial segment dominated the global intelligent circuit breakers market in terms of revenue, accounting for over 45% share of the overall market. The industrial segment includes power generation plants, oil & gas and petrochemical industries. In addition to providing protection against electrical shocks and arcs, these devices can also detect if a machine is overloaded and automatically reduce its speed or stop it completely. Such advanced features offered by ICBMs make them highly suitable for use in heavy industries where human life may be at risk if an electric shock or arc occurs.
The household application segment is expected to witness significant growth over the forecast period owing to rising demand from residential consumers looking for cost-effective solutions that meet safety requirements without compromising with performance or quality standards required by modern homes equipped with state-of-the art electronics systems. Intelligent circuit breakers are used in households as protective devices against electrocution due to improper wiring practices within walls or floorsing materials made up of various metals including copper, aluminum etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high demand from countries such as China, India, Japan, South Korea and Taiwan. In addition, rising number of manufacturing facilities in these countries coupled with increasing industrial automation is expected to drive the regional market growth over the forecast period.
The North America intelligent circuit breakers market was valued at USD X million in 2017 owing to presence of numerous electrical & electronics manufacturers within U.S., which use advanced technologies for manufacturing products resulting into higher demand for ICTBs across this region.
Growth Factors:
- Increasing demand for energy efficient and intelligent circuit breakers from the industrial sector.
- Growing investments in smart grid infrastructure across the globe.
- Rising concerns over safety and security of electrical grids worldwide.
- Proliferation of microgrid technology and its adoption in various industries globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Circuit Breakers Market Research Report
By Type
Air Circuit Breakers, Moulded Case Circuit Breakers
By Application
Household, Industrial
By Companies
General Electric, Eaton, Schneider Electric, Mors Smitt Group, Shanghai People's Electric, Siemens, ABB, Fuji Electric, Mitsubishi Electric, Hyundai
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Circuit Breakers Market Report Segments:
The global Intelligent Circuit Breakers market is segmented on the basis of:
Types
Air Circuit Breakers, Moulded Case 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
Household, 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:
- General Electric
- Eaton
- Schneider Electric
- Mors Smitt Group
- Shanghai People's Electric
- Siemens
- ABB
- Fuji Electric
- Mitsubishi Electric
- Hyundai
Highlights of The Intelligent 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 Breakers
- Moulded Case Circuit Breakers
- By Application:
- Household
- 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 Intelligent 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?
Intelligent Circuit Breakers are a type of electrical switch that can automatically detect and interrupt an unwanted power flow. This technology is used in industrial, commercial, and residential settings to protect equipment from being damaged or destroyed.
Some of the major companies in the intelligent circuit breakers market are General Electric, Eaton, Schneider Electric, Mors Smitt Group, Shanghai People's Electric, Siemens, ABB, Fuji Electric, Mitsubishi Electric, Hyundai.
The intelligent circuit breakers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent 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. Intelligent 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. Intelligent Circuit Breakers Market - Supply Chain
4.5. Global Intelligent Circuit Breakers Market Forecast
4.5.1. Intelligent Circuit Breakers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intelligent Circuit Breakers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Intelligent Circuit Breakers Market Absolute $ Opportunity
5. Global Intelligent 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. Intelligent Circuit Breakers Market Size and Volume Forecast by Type
5.3.1. Air Circuit Breakers
5.3.2. Moulded Case Circuit Breakers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Intelligent 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. Intelligent Circuit Breakers Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Intelligent 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. Intelligent 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 Intelligent 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. Intelligent 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 Intelligent Circuit Breakers Demand Share Forecast, 2019-2026
9. North America Intelligent 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 Intelligent 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 Intelligent Circuit Breakers Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Intelligent Circuit Breakers Market Size and Volume Forecast by Type
9.7.1. Air Circuit Breakers
9.7.2. Moulded Case 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 Intelligent Circuit Breakers Demand Share Forecast, 2019-2026
10. Latin America Intelligent 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 Intelligent 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 Intelligent Circuit Breakers Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Intelligent Circuit Breakers Market Size and Volume Forecast by Type
10.7.1. Air Circuit Breakers
10.7.2. Moulded Case 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 Intelligent Circuit Breakers Demand Share Forecast, 2019-2026
11. Europe Intelligent 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 Intelligent 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 Intelligent Circuit Breakers Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Intelligent Circuit Breakers Market Size and Volume Forecast by Type
11.7.1. Air Circuit Breakers
11.7.2. Moulded Case 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 Intelligent Circuit Breakers Demand Share, 2019-2026
12. Asia Pacific Intelligent 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 Intelligent 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 Intelligent Circuit Breakers Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Intelligent Circuit Breakers Market Size and Volume Forecast by Type
12.7.1. Air Circuit Breakers
12.7.2. Moulded Case 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 Intelligent Circuit Breakers Demand Share, 2019-2026
13. Middle East & Africa Intelligent 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 Intelligent 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 Intelligent Circuit Breakers Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Intelligent Circuit Breakers Market Size and Volume Forecast by Type
13.7.1. Air Circuit Breakers
13.7.2. Moulded Case 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 Intelligent Circuit Breakers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Intelligent Circuit Breakers Market: Market Share Analysis
14.2. Intelligent Circuit Breakers Distributors and Customers
14.3. Intelligent 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. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mors Smitt Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai People's 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. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ABB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fuji Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mitsubishi Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hyundai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook