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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global circuit breaker market reached a value of US$ 7.6 Billion in 2019. 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 is experiencing 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 will experience growth once normalcy is regained. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.

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.

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.


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 these 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.

Along with this, IMARC Group has also done a study on circuit breaker market divided by region India and United States which has enabled our clients to set up and expand their businesses successfully.


Key Questions Answered in This Report:

The global circuit breaker market was worth US$ 7.59 Billion in 2019.

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.

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    Market Breakup by Product Type
    5.4    Market Breakup by Voltage
    5.5    Market Breakup by Technology
    5.6    Market Breakup by End-Use
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Price Analysis
        5.12.1    Key Price Indicators
        5.12.2    Price Structure
        5.12.3    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    GE
        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    L&T
        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$), 2014-2019
Figure 3: Global: Circuit Breaker Market: Breakup by Product Type (in %), 2019
Figure 4: Global: Circuit Breaker Market: Breakup by Voltage (in %), 2019
Figure 5: Global: Circuit Breaker Market: Breakup by Technology (in %), 2019
Figure 6: Global: Circuit Breaker Market: Breakup by End-Use (in %), 2019
Figure 7: Global: Circuit Breaker Market: Breakup by Region (in %), 2019
Figure 8: Global: Circuit Breaker Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Circuit Breaker Market: Average Prices (US$/Unit), 2014-2025
Figure 10: Circuit Breaker Market: Price Structure (US$/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$), 2014 & 2019
Figure 15: Global: Circuit Breaker (Indoor) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Circuit Breaker (Outdoor) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Circuit Breaker (Outdoor) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Circuit Breaker (Low Voltage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Circuit Breaker (Low Voltage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Circuit Breaker (Medium Voltage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Circuit Breaker (Medium Voltage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Circuit Breaker (High Voltage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Circuit Breaker (High Voltage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Circuit Breaker (Air) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Circuit Breaker (Air) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Circuit Breaker (Vacuum) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Circuit Breaker (Vacuum) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Circuit Breaker (Oil) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Circuit Breaker (Oil) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Circuit Breaker (SF6) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Circuit Breaker (SF6) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Circuit Breaker (Transmission and Distribution) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Circuit Breaker (Transmission and Distribution) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Circuit Breaker (Renewable) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Circuit Breaker (Renewable) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Circuit Breaker (Power Generation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Circuit Breaker (Power Generation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Circuit Breaker (Railways) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Circuit Breaker (Railways) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Asia Pacific: Circuit Breaker Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Asia Pacific: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: North America: Circuit Breaker Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: North America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Europe: Circuit Breaker Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Europe: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Middle East and Africa: Circuit Breaker Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Middle East and Africa: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Latin America: Circuit Breaker Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Latin America: Circuit Breaker Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Circuit Breaker Manufacturing: Process Flow

List of Tables

Table 1: Global: Circuit Breaker Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Circuit Breaker Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: Global: Circuit Breaker Market Forecast: Breakup by Voltage (in Million US$), 2020-2025
Table 4: Global: Circuit Breaker Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 5: Global: Circuit Breaker Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 6: Global: Circuit Breaker Market Forecast: Breakup by Region (in Million US$), 2020-2025
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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