The latest report by IMARC Group, titled “
Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the global circuit breaker market size reached US$ 7.57 Billion in 2019. A circuit breaker is a safety device designed to protect an electrical circuit from damage caused by an overload or a short circuit in the current supply. Its primary function is to stop the flow of current when fluctuations are detected. It can be easily reset, unlike a fuse which needs to be replaced, and can be used when ground fault protection is required. Circuit breakers are available in different sizes ranging from small devices that protect low-current circuits to large switchgear designed to protect high-voltage circuits. In recent years, the leading companies have been focusing on R&D activities to manufacture new circuit breakers and improve the capabilities of existing ones.
Request Free Sample Report: https://www.imarcgroup.com/circuit-breaker-market/requestsample
Circuit Breaker Market Trends:
With the rising population, increasing urbanization rates and economic reforms, especially in developing countries, there has been a considerable increase in the need to upgrade electrical transmission networks. In line with this, several countries are expanding their existing power generation capacity to meet the electricity requirement in both rural and urban areas. This has resulted in the growing demand for electrical devices, such as circuit breakers. Besides this, governments of various nations have undertaken initiatives to replace the old electrical equipment with energy-efficient systems to ensure electrical safety and reduce wastage. For instance, European and North American countries have started revamping their power grid construction and transmission lines, which is expected to drive the growth of the circuit breaker market in the coming years. Looking forward, IMARC Group expects the global circuit breaker market price to exhibit moderate growth during 2020-2025.
Market Breakup by Product Type:
- Indoor Circuit Breakers
- Outdoor Circuit Breakers
Outdoor circuit breakers currently represent the most popular product type, accounting for the majority of the total market share.
Market Breakup by Voltage:
- Low Voltage
- Medium Voltage
- High Voltage
On the basis of the voltage, the report finds that low voltage circuit breakers dominate the market, holding the largest share.
Market Breakup by Technology:
Amongst these, air circuit breakers exhibit a clear dominance in the market.
Market Breakup by End-Use:
- Transmission and Distribution
- Renewable
- Power Generation
- Railways
Market Application:
Region-wise, Asia Pacific enjoys the leading position in the global circuit breaker market. Other major markets are North America, Europe, Middle East and Africa, and Latin America. The competitive landscape of the market has also been examined with some of the key players being:
- ABB
- Alstom
- Eaton Corporation
- GE
- Mitsubishi Electric Power Products
- Schneider Electric
- Siemens
- Camsco Electric
- G&W Electric
- Kirloskar Electric
- L&T
- Powell Industries
- Schurter Holding
- Sensata Technologies
- Toshiba
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/circuit-breaker-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.
If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800