Circuit Breaker Market, by Voltage (High, Medium, Low), by Installation (Outdoor, Indoor), by End-Use Industry (Commercial, Residential, Industrial, Others) Regional Analysis (North America, Europe, Asia-Pacific, LAMEA) Global Opportunity Analysis and Industry Forecast, 2019–2026

The global circuit breaker market forecast will be $21.1 billion by 2026, increasing from $12.4 billion in 2018 at a CAGR of 6.9%.

Circuit Breaker Market Synopsis

Rapid growth in renewable power generation and the increasing use of internet of things (IOT) based circuit breaker across the globe are expected to accelerate the growth of the circuit breaker market.

However, stringent safety rules & regulations against greenhouse emission might be the restricting factors for the market.

According to the regional outlook, the North America market for circuit breaker is anticipated to have lucrative opportunities by generating a revenue of $5.6 billion by 2026, with a CAGR of 7.6% during the review period.

Circuit Breaker Market Outlook:

Circuit breaker is also called as the automatic electrical switch that functions when a fault is detected. There are multiple sizes available in circuit breakers that vary from large switchgear to small devices. The main purpose of using circuit breaker is to prevent a fault from happening. A circuit breaker mainly consists of components such as terminals, actuator mechanism and thermal magnetic strip. 

Market Drivers:

Rapid growth in the renewable energy adoption across the globe coupled with growing demand for new residential projects is expected to boost the Global Circuit Breaker Market.

Enormous growth in renewable power generation is one of the significant factors for the growth of the circuit breaker market. For instance, the world has produced around 5.9 TWh of renewable energy by the end of 2016; which represents about 5 to 6-fold major growth since the 1960s. Moreover, increase in the residential projects and industrialization along with rapid growth in construction & developmental activities across the globe is anticipated to foster growth of global circuit breakers market. 
 
Market Restraints:

Legal limits against green-house emission and competition among existing unorganized sector will obstruct the Circuit Breaker market growth.

The SF6 circuit breaker is identified as a greenhouse gas emitter; thus, safety rules & regulation is imposed on this breaker in many countries. Moreover, rise in competition from the unorganized sector of the circuit breaker is also one of the major factors anticipated to restrain the growth of circuit breaker market. 

Market Opportunities:

Growing use of IOT based circuit breaker all over the globe is creating global opportunities for Circuit Breaker industry

IOT based circuit breaker monitoring & control is expected to boost the growth of circuit breaker market. Online platform of monitoring as well as controlling of operational parameters of the distribution circuit breaker can offer more useful information about the status of circuit breakers. IoT embedded circuit breaker devices will also help identify major problems before any failure which may result in a better reliability and massive cost savings. Moreover, it will monitor and control the load of the substation regularly and that information is transferred to the control room using the Wi-Fi. These IoT based technological innovations can create enormous opportunities for the growth of circuit breaker market.   

Circuit Breaker Market, by Voltage:

Low Voltage segment will register a revenue of $6.3 billion by 2026 growing at healthy CAGR of 7.2%

 
Source: Research Dive Analysis

Low voltage segment is the fastest growing segment, registering a revenue of $3.6 billion in 2018, and is anticipated to cross $6.3 billion, during the forecasted period. This growth is significantly due to its major use in commercial and residential application. Also, multinational establishments such as ABB are investing more into R&D of low voltage circuit breakers which can majorly boost the growth of low voltage segment.

High voltage circuit breaker market size segment generated a revenue of $6.8 billion in 2018, and is projected to surpass $11.7 billion by 2026, mainly due to technological advancements in switchgears. These switchgears mainly consist of devices associated with power system control and circuit breakers for reliable and continuous supply of electricity. 

Circuit Breaker Market, by Installation:

Outdoor segment will register revenue of $8.4 billion by 2026 growing at healthy CAGR of 7.1% 

 
Source: Research Dive Analysis

Indoor segment will register a revenue of $12.8 billion by 2026 growing at healthy CAGR of 6.8%, during the forecasted period. The Indoor circuit breaker segment held the largest market share and is projected to dominate the market during the forecast period owing to lower cost maintenance and protection that it provides against severe environmental conditions. Moreover, indoor voltage circuit breaker mainly offers services in power plant projects, mineral enterprises and substations for control & protection. Outdoor segment will register revenue of $8.4 billion by 2026 growing at healthy CAGR of 7.1%. 

Circuit Breaker Market, End-Use Industry:

Commercial segment will generate revenue of $6.6 billion by 2026 growing at healthy CAGR of 7.2%

 
Source: Research Dive Analysis

Commercial segment is the fastest growing segment and it has generated a revenue of $3.7 billion in 2018, and is anticipated to cross $6.6 billion, during the forecasted period. Commercial segment is expected to grow at the highest CAGR, during the forecast period. Commercial building surfaces with tunable optical properties, improved software for optimizing commercial building operation, and interoperable commercial building communication systems are anticipated to boost the circuit breaker market for commercial segment. Moreover, increasing construction of commercial projects coupled with economic development in emerging countries and growing population worldwide are factors projected to drive the growth of global market.  

Circuit Breaker market share for residential segment is expected to grow at a CAGR of 6.7% by generating a revenue of $6.9 billion by 2026.

Circuit Breaker Market system, by Region:

North America region will have lucrative opportunities for the market investors to grow over the coming years

Circuit Breaker market share for North America is anticipated to rise at a CAGR of 7.6% by generating a revenue of $5.6 billion by 2026. North America has a prominent share in the Circuit Breaker market, throughout the projected period. This is significantly because of renewable energy power projects are rapidly-growing projects in the US, increasing 100% from 2000 by the end of 2018. In addition, US based companies are focusing more on production modernization (Industry 4.0) and creation of innovation in the existing companies which is anticipated to foster the growth of circuit breaker market in north America region.

Asia-Pacific region has the highest market share for circuit breaker market across the globe.

Asia-Pacific Circuit Breaker Market size will generate a revenue of $8.0 billion by 2026. Currently, many Asian countries, such as China, have a highest share of the circuit breaker market in this region. The construction market in China is the largest circuit breaker industry across globe and the supportive rules & regulations from the government of China offer fair opportunities for construction and development activities in the country. Moreover, growing population in developed and developing economies and rising demand for construction are expected to boost the growth of this region. 

Key Participants in Global Circuit Breaker Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

 
Source: Research Dive Analysis

Some of the major Circuit Breaker market players include Powell Industries., GENERAL ELECTRIC, Hitachi Industrial Equipment Systems Co. Ltd., Siemens, Eaton., CG Power and Industrial Solutions Limited, Schneider Electric, Toshiba Corporation., ABB, Mitsubishi Electric Corporation. To gain competitive advantage, these companies investing heavily in the R&D activities for the technological innovations into circuit breakers.

Source: Research Dive Analysis

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Voltage trends
2.3. Installation trends
2.4. End-use trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By voltage
3.8.2. By installation
3.8.3. By end-use
3.8.4. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Circuit Breaker Market, by Voltage

4.1. High

4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028

4.2. Medium

4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028

4.3. Low

4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028

5. Circuit Breaker Market, by Installation

5.1. Indoor

5.1.1. Market size and forecast, by region, 2017-2028
5.1.2. Comparative market share analysis, 2018 & 2028

5.2. Outdoor

5.2.1. Market size and forecast, by region, 2017-2028
5.2.2. Comparative market share analysis, 2018 & 2028

6. Circuit Breaker Market, by End-Use

6.1. Commercial

6.1.1. Market size and forecast, by region, 2017-2028
6.1.2. Comparative market share analysis, 2018 & 2028

6.2. Residential

6.2.1. Market size and forecast, by region, 2017-2028
6.2.2. Comparative market share analysis, 2018 & 2028

6.3. Industrial

6.3.1. Market size and forecast, by region, 2017-2028
6.3.2. Comparative market share analysis, 2018 & 2028

6.4. Others

6.4.1. Market size and forecast, by region, 2017-2028
6.4.2. Comparative market share analysis, 2018 & 2028

7. Circuit Breaker Market, by Region

7.1. North Region

7.1.1. Market size and forecast, by voltage, 2017-2028
7.1.2. Market size and forecast, by installation, 2017-2028
7.1.3. Market size and forecast, by end-use, 2017-2028
7.1.4. Market size and forecast, by country, 2017-2028
7.1.5. Comparative market share analysis, 2018 & 2028
7.1.6. U.S

7.1.6.1. Market size and forecast, by voltage, 2017-2028
7.1.6.2. Market size and forecast, by installation, 2017-2028
7.1.6.3. Market size and forecast, by end-use, 2017-2028
7.1.6.4. Comparative market share analysis, 2018 & 2028

7.1.7. Canada

7.1.7.1. Market size and forecast, by voltage, 2017-2028
7.1.7.2. Market size and forecast, by installation, 2017-2028
7.1.7.3. Market size and forecast, by end-use, 2017-2028
7.1.7.4. Comparative market share analysis, 2018 & 2028

7.2. Europe

7.2.1. Market size and forecast, by voltage, 2017-2028
7.2.2. Market size and forecast, by installation, 2017-2028
7.2.3. Market size and forecast, by end-use, 2017-2028
7.2.4. Market size and forecast, by country, 2017-2028
7.2.5. Comparative market share analysis, 2018 & 2028
7.2.6. Spain

7.2.6.1. Market size and forecast, by voltage, 2017-2028
7.2.6.2. Market size and forecast, by installation, 2017-2028
7.2.6.3. Market size and forecast, by end-use, 2017-2028
7.2.6.4. Comparative market share analysis, 2018 & 2028

7.2.7. Germany

7.2.7.1. Market size and forecast, by voltage, 2017-2028
7.2.7.2. Market size and forecast, by installation, 2017-2028
7.2.7.3. Market size and forecast, by end-use, 2017-2028
7.2.7.4. Comparative market share analysis, 2018 & 2028

7.2.8. France

7.2.8.1. Market size and forecast, by voltage, 2017-2028
7.2.8.2. Market size and forecast, by installation, 2017-2028
7.2.8.3. Market size and forecast, by end-use, 2017-2028
7.2.8.4. Comparative market share analysis, 2018 & 2028

7.2.9. Russia

7.2.9.1. Market size and forecast, by voltage, 2017-2028
7.2.9.2. Market size and forecast, by installation, 2017-2028
7.2.9.3. Market size and forecast, by end-use, 2017-2028
7.2.9.4. Comparative market share analysis, 2018 & 2028

7.2.10. Rest of Europe

7.2.10.1. Market size and forecast, by voltage, 2017-2028
7.2.10.2. Market size and forecast, by installation, 2017-2028
7.2.10.3. Market size and forecast, by end-use, 2017-2028
7.2.10.4. Comparative market share analysis, 2018 & 2028

7.3. Asia-Pacific

7.3.1. Market size and forecast, by voltage, 2017-2028
7.3.2. Market size and forecast, by installation, 2017-2028
7.3.3. Market size and forecast, by end-use, 2017-2028
7.3.4. Market size and forecast, by country, 2017-2028
7.3.5. Comparative market share analysis, 2018 & 2028
7.3.6. China

7.3.6.1. Market size and forecast, by voltage, 2017-2028
7.3.6.2. Market size and forecast, by installation, 2017-2028
7.3.6.3. Market size and forecast, by end-use, 2017-2028
7.3.6.4. Comparative market share analysis, 2018 & 2028

7.3.7. India

7.3.7.1. Market size and forecast, by voltage, 2017-2028
7.3.7.2. Market size and forecast, by installation, 2017-2028
7.3.7.3. Market size and forecast, by end-use, 2017-2028
7.3.7.4. Comparative market share analysis, 2018 & 2028

7.3.8. Japan

7.3.8.1. Market size and forecast, by voltage, 2017-2028
7.3.8.2. Market size and forecast, by installation, 2017-2028
7.3.8.3. Market size and forecast, by end-use, 2017-2028
7.3.8.4. Comparative market share analysis, 2018 & 2028

7.3.9. South Korea

7.3.9.1. Market size and forecast, by voltage, 2017-2028
7.3.9.2. Market size and forecast, by installation, 2017-2028
7.3.9.3. Market size and forecast, by end-use, 2017-2028
7.3.9.4. Comparative market share analysis, 2018 & 2028

7.3.10. Australia

7.3.10.1. Market size and forecast, by voltage, 2017-2028
7.3.10.2. Market size and forecast, by installation, 2017-2028
7.3.10.3. Market size and forecast, by end-use, 2017-2028
7.3.10.4. Comparative market share analysis, 2018 & 2028

7.3.11. Rest of Asia Pacific

7.3.11.1. Market size and forecast, by voltage, 2017-2028
7.3.11.2. Market size and forecast, by installation, 2017-2028
7.3.11.3. Market size and forecast, by end-use, 2017-2028
7.3.11.4. Comparative market share analysis, 2018 & 2028

7.4. LAMEA

7.4.1. Market size and forecast, by voltage, 2017-2028
7.4.2. Market size and forecast, by installation, 2017-2028
7.4.3. Market size and forecast, by end-use, 2017-2028
7.4.4. Market size and forecast, by country, 2017-2028
7.4.5. Comparative market share analysis, 2018 & 2028
7.4.6. Brazil

7.4.6.1. Market size and forecast, by voltage, 2017-2028
7.4.6.2. Market size and forecast, by installation, 2017-2028
7.4.6.3. Market size and forecast, by end-use, 2017-2028
7.4.6.4. Comparative market share analysis, 2018 & 2028

7.4.7. Saudi arabia

7.4.7.1. Market size and forecast, by voltage, 2017-2028
7.4.7.2. Market size and forecast, by installation, 2017-2028
7.4.7.3. Market size and forecast, by end-use, 2017-2028
7.4.7.4. Comparative market share analysis, 2018 & 2028

7.4.8. Rest of LAMEA

7.4.8.1. Market size and forecast, by voltage, 2017-2028
7.4.8.2. Market size and forecast, by installation, 2017-2028
7.4.8.3. Market size and forecast, by end-use, 2017-2028
7.4.8.4. Comparative market share analysis, 2018 & 2028

8. Company Profiles

8.1. Powell Industries.

8.1.1. Business overview
8.1.2. Financial performance
8.1.3. Product portfolio
8.1.4. Recent strategic moves & developments
8.1.5. SWOT analysis

8.2. GENERAL ELECTRIC

8.2.1. Business overview
8.2.2. Financial performance
8.2.3. Product portfolio
8.2.4. Recent strategic moves & developments
8.2.5. SWOT analysis

8.3. Hitachi Industrial Equipment Systems Co.,Ltd.

8.3.1. Business overview
8.3.2. Financial performance
8.3.3. Product portfolio
8.3.4. Recent strategic moves & developments
8.3.5. SWOT analysis

8.4. Siemens

8.4.1. Business overview
8.4.2. Financial performance
8.4.3. Product portfolio
8.4.4. Recent strategic moves & developments
8.4.5. SWOT analysis

8.5. Eaton.

8.5.1. Business overview
8.5.2. Financial performance
8.5.3. Product portfolio
8.5.4. Recent strategic moves & developments
8.5.5. SWOT analysis

8.6. CG Power and Industrial Solutions Limited

8.6.1. Business overview
8.6.2. Financial performance
8.6.3. Product portfolio
8.6.4. Recent strategic moves & developments
8.6.5. SWOT analysis

8.7. Schneider Electric

8.7.1. Business overview
8.7.2. Financial performance
8.7.3. Product portfolio
8.7.4. Recent strategic moves & developments
8.7.5. SWOT analysis

8.8. Toshiba Corporation.

8.8.1. Business overview
8.8.2. Financial performance
8.8.3. Product portfolio
8.8.4. Recent strategic moves & developments
8.8.5. SWOT analysis

8.9. ABB

8.9.1. Business overview
8.9.2. Financial performance
8.9.3. Product portfolio
8.9.4. Recent strategic moves & developments
8.9.5. SWOT analysis

8.10. Mitsubishi Electric Corporation

8.10.1. Business overview
8.10.2. Financial performance
8.10.3. Product portfolio
8.10.4. Recent strategic moves & developments
8.10.5. SWOT analysis

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