The global circuit breaker market size was valued at US$ 13.2 Bn in 2018 and expected to reach around US$ 17.60 bn by 2026, growing at a CAGR of 4.2% during the forecast period.
An electronic device functions via a direction that has two or more points to carry the electrical current. This path is known as a circuit and the device that interrupts this flow of electrical current is known as the circuit breaker. These circuit breakers are used for preventing the fluctuations in the flow of current and defensive other gadgets that can be attached to the circuit. Circuit break-ers assist in controlling, regulating and getting to know electric strength efficiently.
Market Dynamics
Increase in demand and supply of electricity, especially within the growing countries inclusive of India and China has driven the circuit breaker. Moreover, many developing countries are modernizing the outdated energy grids along with the developing technological improvements in the power zone is further predicted to propel the market. Favorable policies also are encouraging the rise in spending in residential, public, and commercial construction gas so as to notably boost sales of circuit breakers throughout the world.
The increase of the circuit breakers is usually driven by way of the increasing investments in substation automation, modernization of electric grids. This might work on beautifying protection by using decreasing power losses caused commonly via the negative operational performance of traditional equipment. This could, in turn, create a new revenue wallet for the circuit breaker market for the duration of the forecast period.
The requirement for high reliability and secure operation of the sub-station equipment is predicted to act as a primary motive force for the circuit breaker market. Circuit breakers regularly operate within the hardest climates and provide purposeful reliability in every environment. The upsurge in investment toward refurbishment and development of transmission grid infrastructure by means of utilities and personal entities will positively affect the global circuit breakers market sales during the forecast period.
By technology type, vacuum circuit breaker segment dominated the circuit breakers market
Based on technology, the market has been segmented into SF6, vacuum and others. Vacuum circuit breaker segment is dominating the global circuit breakers market in 2018. The boom can be attributed to the growing demand across numerous medium and high voltage substation applications. In addition to this, it is the stringent rules related to the leakage of toxic greenhouse gas emission from other technologies that will definitely influence the overall industry growth.
By end use, power distribution gas segment dominated the circuit breakers market
Circuit breakers can be additionally segmented based on end-use, in which the power distribution gas segment held highest market share that is driven by increasing investment towards the development of latest substations commonly in rural regions that is influencing the demand throughout the globe.
Based on installation, the outdoor is expected to dominate during the forecast period
Based on the installation, majority of the circuit breakers established are outdoor circuit breaker and held the largest market size in 2018 and is projected to dominate the market during the forecast period. The circuit breakers are utilized in switch gear assembly, which is majorly used exterior for utility-scale applications and they offer space optimization, low maintenance, and protection against severe environmental conditions. Few commercial machinery and gadget require outdoors circuit breaker.
The market research study on “Circuit Break Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global circuit breaker market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global circuit breaker market, its technology type, installation type, voltage type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global circuit breaker market size and volume, and segment markets by technology type, installation type, voltage type, and geography along with the information on companies operating in the market. The circuit breaker market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America held the highest market share holding greater than in 2018. The market boom may be attributed to the federal government initiatives to enhance the safety and reliability of transmission and transmission network. The modernization and automation of current industries in these regions are anticipated to give improve to marketplace. Growth of infrastructure is extremely rapid and helped the market to grow in Europe and North America.
Asia Pacific is anticipated to be the biggest marketplace for circuit breaker in 2018 and is projected to develop at the highest CAGR, for the duration of the forecast period. China accounted for the most important share of the circuit breaker market in the Asia Pacific region. Moreover, the government of China deliberate to invest in electrification and ambitions to deliver 20% of electricity from non-fossil sources, which shows a positive boom for the circuit breaker market. All these factors are anticipated to force the boom of the circuit breaker market in Asia Pacific.
The players profiled in the report include GE, Salzer Group, Atom Power, Inc., Schneider Electric, Larsen and Toubro Limited, Kiloskar Electric Company, Siemens AG, ABB, CG Power and Industrial Solution Limited and Mitsubishi Electric Corporation. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Technology
- SF6 Circuit Breaker
- Vacuum Circuit Breaker
- Others
Market By Voltage
- High level Circuit Breaker
- Medium Level Circuit Breaker
- Low Level Circuit Breaker
Market By Installation
- Outdoor Circuit Breaker
- Indoor Circuit Breaker
Market By End Use
- Transmission and Distribution
- Renewable
- Power Generation
- Railways
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Circuit Breaker
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Circuit Breaker Market By Technology
1.2.2.1. Global Circuit Breaker Market Revenue and Growth Rate Comparison By Technology(2015-2026)
1.2.2.2. Global Circuit Breaker Market Revenue Share By Technology in 2018
1.2.2.3. SF6 Circuit Breaker
1.2.2.4. Vacuum Circuit Breaker
1.2.2.5. Other
1.2.3. Circuit Breaker Market By Voltage
1.2.3.1. Global Circuit Breaker Market Revenue and Growth Rate Comparison By Voltage (2015-2026)
1.2.3.2. Global Circuit Breaker Market Revenue Share By Voltage in 2018
1.2.3.3. High Voltage Circuit Breaker
1.2.3.4. Medium Voltage Circuit Breaker
1.2.3.5. Low Voltage Circuit Breaker
1.2.4. Circuit Breaker Market By End-Use
1.2.4.1. Global Circuit Breaker Market Revenue and Growth Rate Comparison By End-Use(2015-2026)
1.2.4.2. Global Circuit Breaker Market Revenue Share By End-Usein 2018
1.2.4.3. Transmission and Distribution
1.2.4.4. Railways
1.2.4.5. Power Generation
1.2.5. Circuit Breaker Market By Installation
1.2.5.1. Global Circuit Breaker Market Revenue and Growth Rate Comparison By Installation (2015-2026)
1.2.5.2. Global Circuit Breaker Market Revenue Share By Installation in 2018
1.2.5.3. Outdoor Circuit Breaker
1.2.5.4. Indoor Circuit Breaker
1.2.6. Circuit Breaker Market By Geography
1.2.6.1. Global Circuit Breaker Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Circuit Breaker Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Circuit Breaker Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Circuit Breaker Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Circuit Breaker Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA)Circuit Breaker Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING CIRCUIT BREAKER ANALYSIS
3.1. Capacity and Commercial Production Date of Global Circuit Breaker Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Circuit Breaker Major Manufacturers in 2018
3.3. R&D Status and Technology End-Useof Global Circuit Breaker Major Manufacturers in 2018
3.4. Raw Materials End-Uses Analysis of Global Circuit Breaker Major Manufacturers in 2018
CHAPTER 4. CIRCUIT BREAKER MARKET BY TECHNOLOGY
4.1. Global Circuit Breaker Revenue By Technology
4.2. SF6 Circuit Breaker
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Vacuum Circuit Breaker
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. CIRCUIT BREAKER MARKET BY VOLTAGE
5.1. Global Circuit Breaker Revenue By Voltage
5.2. High Voltage Circuit Breaker
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Medium Voltage Circuit Breaker
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Low Voltage Circuit Breaker
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. CIRCUIT BREAKER MARKET BY END-USE
6.1. Global Circuit Breaker Revenue By End-Use
6.2. Transmission and Distribution
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Renewable
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Power Generation
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Railways
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. CIRCUIT BREAKER MARKET BY INSTALLATION TYPE
7.1. Global Circuit Breaker Revenue By Installation Type
7.2. Indoor Circuit Breaker
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA CIRCUIT BREAKER MARKET BY COUNTRY
8.1. North America Circuit Breaker Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Circuit Breaker Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Circuit Breaker Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
8.3.5.
8.4. Canada
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
CHAPTER 9. EUROP ECIRCUIT BREAKER MARKET BY COUNTRY
9.1. Europe Circuit Breaker Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Circuit Breaker Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC CIRCUIT BREAKER MARKET BY COUNTRY
10.1. Asia-Pacific Circuit Breaker Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Circuit Breaker Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA CIRCUIT BREAKER MARKET BY COUNTRY
11.1. Latin America Circuit Breaker Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Circuit Breaker Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA CIRCUIT BREAKER MARKET BY COUNTRY
12.1. Middle East & Africa Circuit Breaker Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Circuit Breaker Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Voltage, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By End-Use, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Installation Type, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. GE
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Technology Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Salzer Group
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Technology Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Atom Power
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Technology Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Schneider Electric
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Technology Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Larsen and Toubro Limited
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Technology Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Siemens AG
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Technology Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Ki- Loskar Electric Company
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Technology Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. CG Power and Industrial Solution Limited
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Technology Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Mitsubishi Electric Corporation
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Technology Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. ABB
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Technology Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Others
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Technology Portfolio
13.11.5. Key Developments
13.11.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
