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Global Circuit Breakers Market Size, Trends & Growth Opportunity, By Type (Low Voltage, Medium Voltage, and High Voltage), By Application (Outdoor and Indoor), By End User (Residential, Commercial, and Industrial), By Region and Forecast till 2030.


Report ID : IR1002342 | Industries : Energy & Power | Published On :July 2024 | Page Count : 244

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  • Global Circuit Breakers Market Size, Trends & Growth Opportunity, By Type (Low Voltage, Medium Voltage, and High Voltage), By Application (Outdoor and Indoor), By End User (Residential, Commercial, and Industrial), By Region and Forecast till 2030.
    Global Circuit Breakers Market
    The Global Circuit Breakers Market is expected to grow from US$ 6.06 Billion in 2022 to US$ 9.1 Billion by 2030; it is estimated to grow at a CAGR of 5.21% from 2023-2030.

    Market Overview
    A circuit breaker is a switching device used to protect the electrical system by preventing high-magnitude current from flowing through an electric circuit. For reliable, high-quality electricity to be delivered to the recipient, it fixes system problems and brings the system back to normal operation. Metal springs that are bent, compressed air, and hydraulic pressure are used to store potential energy. It can be controlled remotely from a distance and run independently without monitoring. It is used to effectively control, regulate, and change electric power in lighting circuits, motor control centres, and feeder circuits.
    Market Drivers 
    Electrical trading devices see an increase in sales across the board due to continued profitability in the cutting edge sector and continued use of modern infrastructure. Most of the time, these devices are utilised in modern and professional situations. As a result, modern extended hypothesis mandates the employment of these devices in numerous creative and end-use projects. A few developing nations have energised initiatives to connect the natural areas to the framework. Additionally, a number of nations are attempting to set up distinct system zones in order to spread out a really open organisation. Additionally, these elements have increased the market potential for utility-scale switches. Ample electrical energy is being produced as a result of the rapid infrastructure upgrade driven by the increased power availability. The global circuit breaker market is anticipated to be driven by rising revenue for new confidential turn of events combined with quick overall collection of maintainable power.
    Impact of Covid-19
    Lockdowns enacted in response to the COVID-19 pandemic led to a temporary prohibition on manufacturing and processing, as well as import and export, across a variety of businesses and electrical utilities, which reduced consumer demand for circuit breakers. The construction of new electric utility infrastructures, renewable power plants, the grid network, residential and commercial buildings, and other power plants was also halted during the pandemic period due to a lack of labourers and an increase in the demand-supply gap. As a result, market growth declined in 2020. Although the COVID-19 immunisation is now available in a number of countries throughout the world, the circuit breakers market was anticipated to rebound by the fourth quarter of 2021 as a result of the expected improvement in the global economy.
    Market Segmentation
    Segmentation By Type: Global Circuit Breakers Market is segmented into type such as Low Voltage, Medium Voltage, and High Voltage. 
    Segmentation By Application: Global Circuit Breakers Market is segmented into Application such as Outdoor and Indoor. 
    Segmentation By End User: Global Circuit Breakers Market is segmented into end user such as Residential, Commercial, and Industrial. 
    Segmentation By Region: Global Circuit Breakers Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The circuit breaker market is expected to be dominated by the Asia Pacific region, which currently holds the largest share of the pie. Extension of the district can be attributed to business endeavours, extended framework development, and companies.
    Market Key Players
    Various key players are discussed in this report such as Powell Industries, Hitachi Industrial, Siemens, Equipment Systems Co. Ltd., Eaton, CG Power and Industrial Solutions Limited, Schneider Electric, Mitsubishi Electric Corporation, Toshiba Corporation, and ABB.
    Industrial Development
    • ABB India introduced a new line of circuit breakers for the retail sector in 2021. Under the "Make in India" initiative, the full formula DIN range of circuit breakers was created for use in both residential and commercial structures.
    • At the NECA Convention in 2021 in Nashiville, US, Schneider Electric introduced the PowerPacTTM Moulded Case Circuit Breaker (MCCB) series. The new PowerPacT Series, which provides an enhanced circuit breaker solution for the future, is focused on cutting-edge technology created to fulfil the needs of Schneider Electric's customers.
    Market Taxonomy
    By Type 
    • Low Voltage
    • Medium Voltage
    • High Voltage
    By Application 
    • Outdoor
    • Indoor
    By End User
    • Residential
    • Commercial
    • Industrial
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Circuit Breakers Market?
    • What will be the growth rate from 2023 to 2030?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?

    Global Circuit Breakers Market 
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Circuit Breakers Market Outlook
    4.1 Overview
    4.2 Market  Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5  Global Circuit Breakers Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type 
    5.2 Global Circuit Breakers Market Share Analysis, By Type 
    5.3 Global Circuit Breakers Market Size and Forecast, By Type
    5.3.1 Low Voltage
    5.3.2 Medium Voltage
    5.3.3 High Voltage
    6  Global Circuit Breakers Market, By End User
    6.1 Y-o-Y Growth Comparison, By End User
    6.2 Global Circuit Breakers Market Share Analysis, By End User
    6.3 Global Circuit Breakers Market Size and Forecast, By End User
    6.3.1 Residential
    6.3.2 Commercial
    6.3.3 Industrial
    7 Global Circuit Breakers Market, By Application
    7.1 Y-o-Y Growth Comparison, By Application
    7.2 Global Circuit Breakers Market Share Analysis, By Application
    7.3 Global Circuit Breakers Market Size and Forecast, By Application
    7.3. 1 Outdoor
    7.3.2 Indoor
    8Global Circuit Breakers Market, By Region
    8.1 Global Circuit Breakers Market Share Analysis, By Region
    8.2 Global Circuit Breakers Market Share Analysis, By Region
    8.3 Global Circuit Breakers Market Size and Forecast, By Region
    9 North America Circuit Breakers Market Analysis and Forecast (2023 – 2030)
    9.1 Introduction
    9.2 North America Circuit Breakers Market Share Analysis, By Type
    9.3 North America Circuit Breakers Market Size and Forecast, By End User
    9.4 North America Circuit Breakers Market Size and Forecast, By Application
    9.5 North America Circuit Breakers Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Circuit Breakers Market Analysis and Forecast (2023 – 2030)
    10.1 Introduction
    10.2 Europe Circuit Breakers Market Share Analysis, By Type 
    10.3 Europe Circuit Breakers Market Size and Forecast, By End User 
    10.4 Europe Circuit Breakers Market Size and Forecast, By Application
    10.5 Europe Circuit Breakers Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11 Asia Pacific Circuit Breakers Market Analysis and Forecast (2023 – 2030)
    11.1 Introduction
    11.2 Asia Pacific Circuit Breakers Market Share Analysis, By Type 
    11.3 Asia Pacific Circuit Breakers Market Size and Forecast, By End User 
    11.4 Asia Pacific Circuit Breakers Market Size and Forecast, By Application
    11.5 Asia Pacific Circuit Breakers Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Circuit Breakers Market Analysis and Forecast (2023 – 2030)
    12.1 Introduction
    12.2 Latin America Circuit Breakers Market Share Analysis, By Type 
    12.3 Latin America Circuit Breakers Market Size and Forecast, By End User 
    12.4 Latin America Circuit Breakers Market Size and Forecast, By Application
    12.5 Latin America Circuit Breakers Market Size and Forecast, Country
    13Middle East Circuit Breakers Market Analysis and Forecast (2023 – 2030)
    13.1 Introduction
    13.2 Middle East Circuit Breakers Market Share Analysis, By Type 
    13.3 Middle East Circuit Breakers Market Size and Forecast, By End User 
    13.4 Middle East Circuit Breakers Market Size and Forecast, By Application
    13.5 Middle East Circuit Breakers Market Size and Forecast, By Country
    14Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Powell Industries
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Hitachi Industrial
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 Siemens
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Eaton
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Equipment Systems Co. Ltd
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 CG Power and Industrial Solutions Limited
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Schneider Electric
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 Toshiba Corporation
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies 
    15.9 ABB
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies