Circuit Breaker - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Circuit Breaker Market is accounted for $7.43 billion in 2018 and is expected to reach $12.66 billion by 2027 growing at a CAGR of 6.1% during the forecast period. Factors such as growing access to electricity in developing countries, increasing construction and developmental activities, and the rising number of renewable power generation projects are the major drivers fuelling market growth. However, stringent environmental & safety regulations for sf6 circuit breakers are hampering the market.
Circuit Breaker is an automatic electric switch which is used to stop the flow of current in an electric circuit to protect the electrical system from damage. Circuit breakers are used in industrial, commercial, and residential areas. It helps to protect the electric appliances from overcurrent, overload, or short circuit. Advantage of circuit breaker includes that it does not need any replacement like a fuse or other safety devices. Moreover, the circuit breakers are cost-effective and provide reliable operation of the electric circuit.
Amongst end-user, Renewables are one of the lucrative-growing power sources as countries worldwide are investing immensely in the sector. It helps reduce carbon dioxide emissions and is increasingly capturing a larger share of the global power mix. It is used extensively in the power generation, heating and cooling, and transport sectors. The renewable power plants in the energy & power sectors are predominantly located in remote locations and connected to the local distribution systems.
By Geography, Asia Pacific is expected to have considerable growth during the forecast period, due to increasing construction and developmental activities and the growing demand for electricity. Moreover, the growth can be attributed to the increasing investments in T&D, renewable energy, and upcoming smart city and smart grid projects in the region.
Some of the key players in global Circuit Breaker market are CG Power and Industrial Solutions Limited, Eaton Corporation, Larsen & Toubro Limited, BEL Fuse Inc., Salzer Group, Atom Power, Inc., ABB Ltd, Camsco Electric, Toshiba, Siemens AG, TE Connectivity, Schneider Electric, Kirloskar Electric Company, General Electric, Efacec Power Solutions, Powell Industries Inc., Mitsubishi Electric Corporation, Fuji Electric, Hawker Siddeley Switchgear, and Tavrida Electric.
• Indoor Circuit Breaker
• Outdoor Circuit Breaker
• Medium Voltage
• High Voltage
• Low Voltage
Insulation Types Covered:
• Air Circuit Breaker
• Vacuum Circuit Breaker
• Oil Circuit Breaker
• Gas Circuit Breaker
• SF6 Circuit Breaker
• Medium Voltage (MV) Vaccum Circuit Breaker
• Live Tank Circuit Breaker
• Dead Tank Circuit Breaker
• Miniature Circuit Breaker (MCB)
• Molded Case Circuit Breakers (MCCB)
• Other Insulation Types
Rated Voltages Covered:
• Above 800kV
• 500V- 1kV
• Upto 500V
Rated Current Covered:
• > 4,500 A
• 2,500 to 4,500 A
• 1,500 to 2,500 A
• 500 to 1,500 A
• < 500 A
• Power Transmission
• Power Distribution
End Users Covered:
• Building Construction
• Power Generation
• Transportation Equipment
• Electronics & Electrical Equipment
• Energy and Utility Sector
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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