Circuit Breaker Market Size, Share, Trends and Forecast by Product Type, Voltage, Technology, End Use, and Region, 2025-2033
Description
The global circuit breaker market size was valued at USD 9.16 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 12.06 Billion by 2033, exhibiting a CAGR of 2.80% from 2025-2033. Asia-Pacific currently dominates the market. The rising demand for renewable energy sources, increasing installation of circuit breakers in utilities and power plants, and the rapid utilization of electrical appliances in households represent some of the key factors driving the market.
A circuit breaker refers to a switching device that interrupts the flow of high-magnitude current in an electric circuit to protect the electrical system from damage. It removes faults from the system and restores the normal functioning required for supplying reliable quality power to the receiving end. It stores potential energy by deforming metal springs, compressed air, and hydraulic pressure. It can operate independently without any supervision and can be remotely controlled from a distance. It efficiently controls, regulates, and modifies electric power and is used in lighting circuits, motor control centers, and feeder circuits. It detects the abnormality in the temperature of an electric system and the occurrence of short circuits causing fire outbreaks and damage to the circuit. Furthermore, as it is suitable for harsh conditions, requires minimum maintenance, and improves electrical safety measures, the demand for circuit breaker is rising around the world.
Circuit Breaker Market Trends:
At present, the increasing demand for circuit breakers due to rising improvements in electrical transmission networks represents one of the key factors influencing the market positively. Besides this, governing agencies of various countries are undertaking initiatives to expand the power-generating capacity and fulfill the electricity requirements of urban and rural areas. They are also replacing conventional electric equipment with modern and technologically advanced systems to reduce energy wastage and improve safety measures. In addition, the rising demand for renewable energy generation sources on account of the growing environmental concerns among the masses is offering a positive market outlook. Apart from this, the increasing utilization of various electrical appliances, such as washing machines, mixers, blenders, refrigerators, vacuum cleaners, and air purifiers, in households to simplify chores is contributing to the growth of the market. Additionally, the rising installation of heavy machinery in industries to increase productivity and efficiently carry out routine tasks is strengthening the market growth. Moreover, the increasing installation of circuit breakers in utilities and power plants to operate grids safely and deliver electricity to consumers is bolstering the market growth. Furthermore, the rising utilization of electric vehicles (EVs) to reduce emissions of automobile exhausts in the air and the usage of fossil fuels is supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global circuit breaker market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on product type, voltage, technology and end use.
Product Type Insights:
Voltage Insights:
Technology Insights:
End-Use Insights:
Regional Insights:
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global circuit breaker market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd, Alstom Holdings, Eaton Corporation plc, General Electric Company, Mitsubishi Electric Power Products, INC., Schneider Electric, Siemens, Camsco Electric Co., Ltd, G&W Electric, Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., Schurter Holding AG, Sensata Technologies, Inc., Toshiba Corporation, etc.
Key Questions Answered in This Report
1.How big is the global circuit breaker market?
2.What is the expected growth rate of the global circuit breaker market during 2025-2033?
3.What are the key factors driving the global circuit breaker market?
4.What are the key regions in the global circuit breaker market?
5.Who are the key players/companies in the global circuit breaker market?
A circuit breaker refers to a switching device that interrupts the flow of high-magnitude current in an electric circuit to protect the electrical system from damage. It removes faults from the system and restores the normal functioning required for supplying reliable quality power to the receiving end. It stores potential energy by deforming metal springs, compressed air, and hydraulic pressure. It can operate independently without any supervision and can be remotely controlled from a distance. It efficiently controls, regulates, and modifies electric power and is used in lighting circuits, motor control centers, and feeder circuits. It detects the abnormality in the temperature of an electric system and the occurrence of short circuits causing fire outbreaks and damage to the circuit. Furthermore, as it is suitable for harsh conditions, requires minimum maintenance, and improves electrical safety measures, the demand for circuit breaker is rising around the world.
Circuit Breaker Market Trends:
At present, the increasing demand for circuit breakers due to rising improvements in electrical transmission networks represents one of the key factors influencing the market positively. Besides this, governing agencies of various countries are undertaking initiatives to expand the power-generating capacity and fulfill the electricity requirements of urban and rural areas. They are also replacing conventional electric equipment with modern and technologically advanced systems to reduce energy wastage and improve safety measures. In addition, the rising demand for renewable energy generation sources on account of the growing environmental concerns among the masses is offering a positive market outlook. Apart from this, the increasing utilization of various electrical appliances, such as washing machines, mixers, blenders, refrigerators, vacuum cleaners, and air purifiers, in households to simplify chores is contributing to the growth of the market. Additionally, the rising installation of heavy machinery in industries to increase productivity and efficiently carry out routine tasks is strengthening the market growth. Moreover, the increasing installation of circuit breakers in utilities and power plants to operate grids safely and deliver electricity to consumers is bolstering the market growth. Furthermore, the rising utilization of electric vehicles (EVs) to reduce emissions of automobile exhausts in the air and the usage of fossil fuels is supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global circuit breaker market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on product type, voltage, technology and end use.
Product Type Insights:
- Indoor Circuit Breakers
- Outdoor Circuit Breakers
Voltage Insights:
- Low Voltage
- Medium Voltage
- High Voltage
Technology Insights:
- Air
- Vacuum
- Oil
- SF6
End-Use Insights:
- Transmission and Distribution
- Renewable
- Power Generation
- Railways
Regional Insights:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global circuit breaker market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd, Alstom Holdings, Eaton Corporation plc, General Electric Company, Mitsubishi Electric Power Products, INC., Schneider Electric, Siemens, Camsco Electric Co., Ltd, G&W Electric, Kirloskar Electric Co. Ltd., Larsen & Toubro Limited, Powell Industries Inc., Schurter Holding AG, Sensata Technologies, Inc., Toshiba Corporation, etc.
Key Questions Answered in This Report
1.How big is the global circuit breaker market?
2.What is the expected growth rate of the global circuit breaker market during 2025-2033?
3.What are the key factors driving the global circuit breaker market?
4.What are the key regions in the global circuit breaker market?
5.Who are the key players/companies in the global circuit breaker market?
Table of Contents
139 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Circuit Breaker Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Voltage
- 5.6 Market Breakup by Technology
- 5.7 Market Breakup by End-Use
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.11.1 Overview
- 5.11.2 Research and Development
- 5.11.3 Raw Material Procurement
- 5.11.4 Manufacturing
- 5.11.5 Marketing
- 5.11.6 Distribution
- 5.11.7 End-Use
- 5.12 Porters Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
- 5.13 Price Analysis
- 5.13.1 Key Price Indicators
- 5.13.2 Price Structure
- 5.13.3 Price Trends
- 6 Market Breakup by Product Type
- 6.1 Indoor Circuit Breakers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Outdoor Circuit Breakers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Voltage
- 7.1 Low Voltage
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium Voltage
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High Voltage
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Technology
- 8.1 Air
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Vacuum
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Oil
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 SF6
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by End-Use
- 9.1 Transmission and Distribution
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Renewable
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Power Generation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Railways
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 Asia Pacific
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 North America
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Europe
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 11 Circuit Breaker Manufacturing Process
- 11.1 Product Overview
- 11.2 Raw Material Requirements
- 11.3 Manufacturing Process
- 11.4 Key Success and Risk Factors
- 12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 ABB
- 12.3.2 Alstom
- 12.3.3 Eaton Corporation
- 12.3.4 General Electric Company
- 12.3.5 Mitsubishi Electric Power Products
- 12.3.6 Schneider Electric
- 12.3.7 Siemens
- 12.3.8 Camsco Electric
- 12.3.9 G&W Electric
- 12.3.10 Kirloskar Electric
- 12.3.11 Larsen & Toubro Limited
- 12.3.12 Powell Industries
- 12.3.13 Schurter Holding
- 12.3.14 Sensata Technologies
- 12.3.15 Toshiba
Pricing
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