India Circuit Breaker Market to Grow at 5.51% During 2024-2032, Impelled by Electrification Programs Undertaken by the Government of India

April 21, 2023 | Energy & Mining

According to the latest report by IMARC Group, titled "India Circuit Breaker Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," the India circuit breaker market is expected to exhibit a CAGR of 5.51% during 2024-2032. A circuit breaker is a switching device that protects an electrical circuit from damage caused by a short circuit. It can stop the flow of electricity around a circuit by switching itself off if anything goes wrong. It consists of two important contacts, fixed and moving. A circuit breaker interrupts current flow to protect equipment and prevent fire risks. It can be reset either automatically or manually to resume regular operations. It is made in different sizes, from small devices that protect low-current circuits or individual household appliances to large switchgear developed to protect high-voltage circuits. It is widely used in small and medium substations, railway systems, high-voltage transmission and distribution lines, and other applications to protect the electrical system.

India Circuit Breaker Market Trends:

The market in India is primarily driven by the increasing investments in the industrial sector. In line with this, the rising spending to leverage the industrial infrastructure is augmenting the demand for electrical switching devices in the global market. Several government organizations run electrification programs to connect rural locations to the grid. This, in turn, is expected to create a positive outlook for the market. Apart from this, the growing demand for reliable and secure power supply across the country and heavy investments in the railway sector is catalyzing the market. Moreover, the replacement of aging grid infrastructure and the escalating need for a reliable T&D network are propelling the market. Besides, the expansion of smart grids and the integration of sustainable energy infrastructure are favoring the market. Additionally, the increasing installation of on-site power generation technology and the rapid development of utility-based power transmission networks are providing a boost to the demand for circuit breakers. Some of the other factors driving the market growth include rapid urbanization, rising product use across the residential sector, significant commercial expansion, and new product launches.

Market Summary:

On the basis of the product, the market has been categorized into indoor circuit breakers and outdoor circuit breakers.
Based on the voltage, the market has been classified into low voltage, medium voltage, and high voltage.
Based on the technology, the market has been segmented into air, vacuum, oil, and SF6.
Based on the end-use, the market has been categorized into transmission and distribution, renewable, power generation, and railways.
On the basis of the region, the market has been divided into North India, East India, West and Central India, and South India.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product Type, Voltage, Technology, End-Use, Region
Region Covered	North India, East India, West and Central India, South India
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

India Circuit Breaker Market to Grow at 5.51% During 2024-2032, Impelled by Electrification Programs Undertaken by the Government of India

Purchase options

Single User License $2699
Five User License $3699
Corporate User License $4699

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.