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Pulished Date February, 2020
ID: 9063
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Circuit Breaker Market - Segmented by Voltage (Low Voltage, Medium Voltage and High Voltage), by Installation Type (Indoor and Outdoor), by End-User (Commercial, Residential, Industrial, and Utility), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size. (2019 – 2024)

Pulished: February, 2020
ID: 9063
Pages: 175

 Circuit Breaker Market Recent Developments:

  • On February 15, 2019, Schneider Electric introduced Masterpact MTZ, which is an advanced high-power low voltage circuit breaker for the Indian market. It is considered as their achievement in becoming a step closer to the digitization of power distribution.

Circuit Breaker Market Growth and Trends:

The Circuit Breaker Market was estimated at USD 15.10Billion in 2019 and is expected to expand at a CAGR of almost 5-7% to reach USD 25.76 Billion by 2025.

Circuit Breaker Market Product Description:

Circuit Breaker is a kind of protective equipment that restricts the flow of abnormal current. It can be reset either manually or automatically to continue the regular process, unlike the one-time used fuse. It also behaves as a switch for opening or closing an electrical circuit, avoiding any unnecessary damage to the overall electrical system. Electricity has become an integral part of humans since its inception. Therefore, it is essential to maintain proper flow in the electricity to have positive benefits, where circuit breakers play a vital role.

A European company, ABB, in April 2019, manufactured a solid-state circuit breaker that is anticipated to meet the requirements for next-generation power grids. This state-of-the-art low voltage circuit breaker will be available in the market from the year 2020.

Globally, the demand for Circuit Breakers mounting with the increasing demand for electricity from the growing world population. As we are in the era of digitization, there is a necessity to alter the existing control systems to improve the efficiency and distribute power at affordable prices.

Circuit Breaker Market Drivers and Restraints of Circuit Breaker Market:

Drivers:

  • Increasing the need for electricity with the rising number of constructions in the residential, commercial and industrial sectors.
  • Demand for protective equipment from end-user verticals like automotive, electrical and electronic, telecommunication, and others.
  • Rise in the development of renewable energy connectivity to the energy grids, along with the investments to update the traditional grid systems.

Restraints:

  • Volatile prices of the raw materials used in the production.
  • High investments and maintenance costs.
  • Strict government and environmental regulations

Circuit Breaker Market Segmentation:

By Voltage:

Based on the Voltage, the Global Circuit Breaker market is divided into low Voltage, Medium Voltage, and High Voltage. Of these, the medium voltage segment has vast applications in industries and is likely to witness fast growth in the future. However, the high voltage segment is expected to gain prominence in the coming years with the rising technological advances in power generation. Low voltage circuit breakers are common in residential and commercial sectors.

By Installation:

Based on the Installation, the global circuit breaker market is separated as Indoor and Outdoor. Among these, the outdoor segment holds the dominant share in the world market, which is almost twice the number of indoor installations. Almost all the major industries require circuit breakers outside, which is driving the growth in this section.

By End-User:

Based on the end-user, the global circuit breaker market is segmented into Commercial, Residential, Industrial and Utility. All the segments are expected to register prominent growth in the coming years with the increasing demand for electricity. The rise in construction activities will propel the demand for circuit breakers in households, commercial buildings, small-scale to large-scale industries, and electric utilities. The renewable energy generation is anticipated to progress with the highest CAGR in the forecast period due to the rising demand for reducing greenhouse gas emissions.

Circuit Breaker Market Region-wise analysis:

Marked Segmentation Based on the region:

  1. North America
    1. S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa
  6. Middle East
  7. Africa

North America held the prominent share in the global Circuit Breaker market due to the rising demand for energy, the adoption of advanced technologies and the presence of key market players. Nevertheless, the Asia Pacific region is expected to witness rapid growth in the coming years with the increasing demand from nations like China, India, Indonesia, etc. The increasing investments from the local government, population growth and the incline in construction will supplement the market expansion in the Asia Pacific.

Circuit Breaker MarketKey Players of Market:

Key players dominating the global Circuit Breaker market are Ltd, Schneider Electric, General Electric, Mitsubishi, L&T, Eaton, Siemens AG, Powell Industries, Fuji Electric, TE Connectivity, BEL Fuse Inc., Mersen, S&C Electric Company, Tavridaand others.

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Global Circuit Breaker Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of the competitive environment.

 

1. Introduction                 

                1.1 Market Definition    

                1.2 Scope of the report

                1.3 Study Assumptions 

                1.4 Base Currency, Base Year and Forecast Periods          

2. Research Methodology                           

                2.1 Analysis Design         

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling

                                2.2.4 Expert Validation

                2.3 Study Timeline          

3. Report Overview                        

                3.1 Executive Summary

                3.2 Key Inferencees       

4. Market Dynamics                       

                4.1 Impact Analysis         

                                4.1.1 Drivers

                                4.1.2 Restaints

                                4.1.3 Opportunities

                4.2 Regulatory Environment       

                4.3 Technology Timeline & Recent Trends            

5. Competitor Benchmarking Analysis                    

                5.1 Key Player Benchmarking     

                                5.1.1 Market share analysis

                                5.1.2 Products/Service

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape      

                5.3 Joint Ventures & Collaborations        

6. Market Segmentation                              

                6.1 Circuit Breaker Market, By Voltage  

                                6.1.1 Low Voltage

                                6.1.2 Medium Voltage

                                6.1.3 High Voltage

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)

                                6.1.5 Y-o-Y Growth Rate Analysis

                                6.1.6 Market Attractiveness Index

                6.2 Circuit Breaker Market, By Installation Type 

                                6.2.1 Indoor

                                6.2.2 Outdoor

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)

                                6.2.4 Y-o-Y Growth Rate Analysis

                                6.2.5 Market Attractiveness Index

                6.3 Circuit Breaker Market, By End-User               

                                6.3.1 Commercial

                                6.3.2 Residential

                                6.3.3 Industrial

                                6.3.4 Utility

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)

                                6.3.6 Y-o-Y Growth Rate Analysis

                                6.3.7 Market Attractiveness Index

7. Geographical Landscape                         

                7.1 Global Identity Governance and Administration Market, by Region  

                7.2 North America - Market Analysis (2018 - 2024)            

                                7.2.1 By Country

                               

                               

                                7.2.2 By Voltage

                                7.2.3 By Installation Type

                                7.2.4 By End-User

                7.3 Europe         

                                7.3.1 By Country

                               

                               

                               

                               

                               

                               

                                7.3.2 By Voltage

                                7.3.3 By Installation Type

                                7.3.4 By End-User

                7.4 Asia Pacific  

                                7.4.1 By Country

                               

                               

                               

                               

                               

                               

                               

                                7.4.2 By Voltage

                                7.4.3 By Installation Type

                                7.4.4 By End-User

                7.5 Latin America             

                                7.5.1 By Country

                               

                               

                               

                               

                                7.5.2 By Voltage

                                7.5.3 By Installation Type

                                7.5.4 By End-User

                7.6 Middle East and Africa           

                                7.6.1 By Country

                               

                               

                                7.6.2 By Voltage

                                7.6.3 By Installation Type

                                7.6.4 By End-User

8. Key Player Analysis                    

                8.1 ABB Ltd        

                                8.1.1 Business Description

                                8.1.2 Products/Service

                                8.1.3 Financials

                                8.1.4 SWOT Analysis

                                8.1.5 Recent Developments

                                8.1.6 Analyst Overview

                8.2 Schneider Electric SA              

                8.3 Mitsubishi   

                8.4 General Electric        

                8.5 Siemens AG               

                8.6 L&T

                8.7 Eaton            

                8.8 Powell Industries     

                8.9 TE Connectivity         

                8.10 Fuji Electric               

9. Market Outlook & Investment Opportunities                

Appendix                           

                List of Tables     

                List of Figures   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Circuit Breaker Market By Region, From 2019-2026 ( USD Billion )
  • Global Circuit Breaker Market By Voltage, From 2019-2026 ( USD Billion )
  • Global Low Voltage Market By Region, From 2019-2026 ( USD Billion )
  • Global Medium Voltage Market By Region, From 2019-2026 ( USD Billion )
  • Global High Voltage Market By Region, From 2019-2026 ( USD Billion )
  • Global Circuit Breaker Market By Installation Type, From 2019-2026 ( USD Billion )
  • Global Indoor Market By Region, From 2019-2026 ( USD Billion )
  • Global Outdoor Market By Region, From 2019-2026 ( USD Billion )
  • Global Circuit Breaker Market By End-User, From 2019-2026 ( USD Billion )
  • Global Commercial Market By Region, From 2019-2026 ( USD Billion )
  • Global Residential Market By Region, From 2019-2026 ( USD Billion )
  • Global Industrial Market By Region, From 2019-2026 ( USD Billion )
  • Global Utility Market By Region, From 2019-2026 ( USD Billion )

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