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Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global circuit breaker market reached a value of US$ 7.91 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 9.92 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A circuit breaker refers to an automatic safety device designed to prevent fluctuations in the flow of the current and protect other devices that are attached to the circuit. It also assists in controlling, regulating and mastering electric power efficiently. It is currently available in numerous sizes ranging from small devices that protect low-current circuits to large switchgear, which protects high-voltage circuits. As circuit breakers are useful in low-, medium-, and high-voltage applications, they are extensively utilized in the construction, locomotive, and transportation industries.

There is a significant rise in the need for upgrading electrical transmission networks, especially in emerging economies, on account of rapid urbanization and increasing population. Consequently, governments in these countries are focusing on expanding their power generation capacity to meet electricity requirements in rural and urban areas. This, in turn, has escalated the demand for circuit breakers. Apart from this, governing agencies in developed countries are replacing the old electrical equipment with energy-efficient systems to ensure electrical safety and minimize wastage. For instance, countries are revamping their power grid construction and transmission lines, which is strengthening the market growth. However, the market has been adversely impacted due to the surging cases of the coronavirus disease (COVID-19) and consequent lockdowns imposed in different countries to prevent the spread of the pandemic. The market will experience growth once normalcy is regained.

Global Circuit Breaker Market Drivers:

  • In recent years, the demand for electricity has been increasing day by day. Circuit breakers are beneficial in the transmission and distribution of power supply. Moreover, owing to an emerging need for saving electricity, governments across the globe are introducing numerous initiatives to establish efficient and smart power grids. These factors have contributed towards the growth of the circuit breaker market.
  • Safety of kitchen appliances, industrial tools and machinery and IT products have become a matter of chief concern that is playing a major role in the rising demand of circuit breakers. By using circuit breakers, the whole power mechanism can be made safe and protected from the frequent power fluctuations and short circuits.
  • An important factor that is responsible for the constant growth in the circuit breaker market is the increasing trend of urbanisation and industrialisation in developing countries. This has caused an improvement in the electricity infrastructure as well as an increase in the power supply to rural areas.
  • Low maintenance cost and increasing usage of these devices in locomotive industries are some of the other advantages that are positively influencing the growth of global circuit breaker market.
     

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the The global circuit breaker market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on product type, voltage, technology and end-use.

Breakup by Product Type:

  • Indoor
  • Outdoor

Outdoor circuit breakers exhibit a clear dominance in the market.

Breakup by Voltage:

  • Low
  • Medium
  • High

Low voltage circuit breakers hold the largest market share.

Breakup by Technology:

  • Air
  • Vacuum
  • Oil
  • SF6

Air circuit breakers account for the majority of the total market share.

Breakup by End Use:

  • Transmission and Distribution
  • Renewable
  • Power Generation
  • Railways

The transmission and distribution industry dominates the market.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Asia Pacific currently enjoys the leading position in the market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of top circuit breaker manufactuers are ABB Group, Alstom SA, Eaton Corporation Inc., General Electric Company, Mitsubishi Electric Power Products, Inc., Schneider Electric, Siemens AG, Camsco Electric Co. Ltd., G&W Electric Co., Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., SCHURTER Holding AG, Sensata Technologies Inc. and Toshiba.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Voltage, Technology, End-Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered ABB Group, Alstom SA, Eaton Corporation Inc., General Electric Company, Mitsubishi Electric Power Products, Inc., Schneider Electric, Siemens AG, Camsco Electric Co. Ltd., G&W Electric Co., Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., SCHURTER Holding AG, Sensata Technologies Inc. and Toshiba
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Circuit Breaker Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Voltage
    5.6    Market Breakup by Technology
    5.7    Market Breakup by End-Use
    5.8    Market Breakup by Region
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
        5.11.1    Overview
        5.11.2    Research and Development
        5.11.3    Raw Material Procurement
        5.11.4    Manufacturing
        5.11.5    Marketing
        5.11.6    Distribution
        5.11.7    End-Use
    5.12    Porters Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Competition
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
    5.13    Price Analysis
        5.13.1    Key Price Indicators
        5.13.2    Price Structure
        5.13.3    Price Trends
6   Market Breakup by Product Type
    6.1    Indoor Circuit Breakers
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Outdoor Circuit Breakers
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Voltage
    7.1    Low Voltage
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Medium Voltage
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    High Voltage
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Technology
    8.1    Air
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Vacuum
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Oil
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    SF6
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by End-Use
    9.1    Transmission and Distribution
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Renewable
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Power Generation
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Railways
        9.4.1    Market Trends
        9.4.2    Market Forecast
10   Market Breakup by Region
    10.1    Asia Pacific 
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America 
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Europe
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11   Circuit Breaker Manufacturing Process
    11.1    Product Overview
    11.2    Raw Material Requirements
    11.3    Manufacturing Process
    11.4    Key Success and Risk Factors
12   Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    ABB 
        12.3.2    Alstom
        12.3.3    Eaton Corporation
        12.3.4    General Electric Company
        12.3.5    Mitsubishi Electric Power Products
        12.3.6    Schneider Electric
        12.3.7    Siemens
        12.3.8    Camsco Electric
        12.3.9    G&W Electric
        12.3.10    Kirloskar Electric
        12.3.11    Larsen & Toubro Limited
        12.3.12    Powell Industries
        12.3.13    Schurter Holding
        12.3.14    Sensata Technologies
        12.3.15    Toshiba

List of Figures 

Figure 1: Global: Circuit Breaker Market: Major Drivers and Challenges
Figure 2: Global: Circuit Breaker Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Circuit Breaker Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Circuit Breaker Market: Breakup by Voltage (in %), 2020
Figure 5: Global: Circuit Breaker Market: Breakup by Technology (in %), 2020
Figure 6: Global: Circuit Breaker Market: Breakup by End-Use (in %), 2020
Figure 7: Global: Circuit Breaker Market: Breakup by Region (in %), 2020
Figure 8: Global: Circuit Breaker Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Circuit Breaker Market: Average Prices (US$/Unit), 2015-2026
Figure 10: Circuit Breaker Market: Price Structure (US$/Unit)
Figure 11: Global: Circuit Breaker Industry: SWOT Analysis
Figure 12: Global: Circuit Breaker Industry: Value Chain Analysis
Figure 13: Global: Circuit Breaker Industry: Porter’s Five Forces Analysis
Figure 14: Global: Circuit Breaker (Indoor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Circuit Breaker (Indoor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Circuit Breaker (Outdoor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Circuit Breaker (Outdoor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Circuit Breaker (Low Voltage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Circuit Breaker (Low Voltage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Circuit Breaker (Medium Voltage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Circuit Breaker (Medium Voltage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Circuit Breaker (High Voltage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Circuit Breaker (High Voltage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Circuit Breaker (Air) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Circuit Breaker (Air) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Circuit Breaker (Vacuum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Circuit Breaker (Vacuum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Circuit Breaker (Oil) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Circuit Breaker (Oil) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Circuit Breaker (SF6) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Circuit Breaker (SF6) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Circuit Breaker (Transmission and Distribution) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Circuit Breaker (Transmission and Distribution) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Circuit Breaker (Renewable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Circuit Breaker (Renewable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Circuit Breaker (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Circuit Breaker (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Circuit Breaker (Railways) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Circuit Breaker (Railways) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia Pacific: Circuit Breaker Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia Pacific: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Circuit Breaker Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Europe: Circuit Breaker Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Europe: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Middle East and Africa: Circuit Breaker Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Middle East and Africa: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Latin America: Circuit Breaker Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Latin America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Circuit Breaker Manufacturing: Process Flow

List of Tables

Table 1: Global: Circuit Breaker Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Circuit Breaker Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Circuit Breaker Market Forecast: Breakup by Voltage (in Million US$), 2021-2026
Table 4: Global: Circuit Breaker Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 5: Global: Circuit Breaker Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
Table 6: Global: Circuit Breaker Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Circuit Breaker: Raw Material Requirements
Table 8: Global: Circuit Breaker Market Structure
Table 9: Global: Circuit Breaker Market: Key Players

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Key Question Answered in this Report

The global circuit breaker market reached a value of US$ 7.91 Billion in 2020.

The market is presently witnessing growth on account of rapid urbanization, increasing population and continually rising need for upgrading electrical transmission networks, especially in emerging economies.

Currently, governing agencies in developed countries are replacing the old electrical equipment with energy-efficient systems to ensure safety and minimize wastage.

There is a decline in the overall sales of circuit breakers due to the surging cases of the coronavirus disease (COVID-19) and consequent lockdown imposed in different countries to prevent the spread of the pandemic.

The market has been bifurcated on the basis of the product type into indoor and outdoor circuit breakers.

On the basis of the voltage, the market has been segmented into low, medium and high voltage circuit breakers.

Based on technology, the market has been segregated into air, vacuum, oil and SF6.

The market has been analyzed on the basis of the end use into transmission and distribution, renewable, power generation, and railways.

On the geographical front, the market has been divided into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.

Leading industry players are ABB Group, Alstom SA, Eaton Corporation Inc., General Electric Company, Mitsubishi Electric Power Products, Inc., Schneider Electric, Siemens AG, Camsco Electric Co. Ltd., G&W Electric Co., Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., SCHURTER Holding AG, Sensata Technologies Inc. and Toshiba Corporation.

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