innovation in circuit breaker technology to meet the rising demands of
renewables, electrification of means of transport and modern edge grids, supported
the IndustryARC to opinion that the global circuit breaker market is in good stead. The report has estimated the global circuit breaker market value at $7.12 billion in 2018, projected it to grow at a CAGR of 4.07% over the the forecast period 2019-2025.
The report is titled: “Circuit Breaker Market: By Applications (Automotive Transportation
Equipment, Residential Building Construction, Electronics & Electrical
Equipment, Others) Voltage Level (High, Medium & Low Voltage); By Type (SF6,
Vacuum Circuit Breaker & Others); By End-users (Residential, Commercial,
Industrial & Others) – Forecast (2019-2025).” This business intelligence the report provides information regarding the market trends, market growth drivers,
market opportunities for new players, competitive landscape of major and minor players
operating in the circuit breaker market.
Circuit Breaker Market: Demand Analysis
play a vital role in the electrical distribution systems. They comprise of
protective relays, current transformers, and internal control power source. SF6
circuit breakers and common trip breakers are the two main types of circuit
breakers among other types. Low voltage circuit breaker (LVCB), high voltage
circuit breaker (HVCB), and medium voltage circuit breaker (MVCB) differ based
on varied voltage level. MVCB is majorly used in substation automation and also
for indoor use.
Circuit Breaker Market: Leading Segments
In 2017, a rise in the global electricity production was noted in which Asia held a leading share due to the contribution of the fast development of generating capacities of China. Asian countries such as China, India, and Japan held Three-fourth [HS1] rise in global electricity production. With government policies encouraging the power sector, the investors are concentrating on ensuring electricity security. These factors altogether in return increased the regional share of APAC in the global circuit breakers market to 37.71% in 2018.
usage of circuit breakers in commercial complexes is to automatically halt the
electrical circuit in case of an overload, and also to prevent the electrical
fire. As it is particularly important to operate a huge amount of electricity over the
building which consists of several floors that use different levels of power
consumption. Thus, it is necessary to maintain the circuit breaker which handles
much greater electrical capacity. Smarter and reliable miniature circuit
breakers (MCBs) are mostly used in light commercial applications such as lighting
and domestic appliances. Therefore, commercial application is evaluated to grow
at a CAGR of 2.67% throughout the aforementioned period as they use much energy
on a daily basis.
Circuit Breaker Market: Disruptive Trends
The necessity of solid state circuit breaker
to meet the demand by the next generation power applications in this digital
era is in trend.
The requirement to improve the
performance of industrial battery storage solutions and renewable energy
Advancements in solid-state technology
enhanced the efficiency of a circuit breaker in monitoring and controlling
power consumption thus it is gaining traction of circuit breaker manufacturers.
Flexible power systems support to the
digitalized electricity systems helps to evolve the demand for electricity
worldwide. Thus it requires effective circuit breaker for a smooth current flow
in the power systems.
Circuit Breaker Market: Competitive Landscape
Some of the key
players with largest market share were listed as per the global circuit breaker
market report are ABB, Powell, TE Connectivity, Mitsubishi, Toshiba, Fuji
Electric, Siemens, Eaton, and Schneider Electric
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Circuit Breaker Market
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What can you
expect from the report?
The circuit breaker market is prepared with the
main agenda to cover the following 20 points:
1. Market Size
by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends
& Relevant Market Data 12. Country level Analysis
Landscape 13. Competitor Analysis
Landscape 14. Market Shares Analysis
Analysis 15. Value Chain Analysis
6. Top 10 End
user Analysis 16. Supply Chain Analysis
Benchmarking 17. Strategic Analysis
Developments 18. Current & Future Market
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
Analysis 20. Revenue and Volume Analysis
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