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Circuit Breakers Market By Type (Low Voltage Circuit Breaker, Medium Voltage Circuit Breaker And High Voltage Circuit Breaker) For Power (Power Generation, Power Transmission And Power Distribution), Oil And Gas, Metals/Mining, EPCs And Others Application- Canada Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028

Published Date: 17-May-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 136 Report Code: ZMR-648 Status : Published

The global circuit breakers market accounted for USD 804.3 Million in 2020 and is expected to reach USD 883.2 Million by 2028, growing at a CAGR of 1.6% from 2021 to 2028.

Description

Market Overview

The global circuit breakers market accounted for USD 804.3 Million in 2020 and is expected to reach USD 883.2 Million by 2028, growing at a CAGR of 1.6% from 2021 to 2028.

Circuit breakers, as the name suggests, break the electrical circuit automatically or manually under no-load, full load, and short circuit. In other words, they work in the form of a rescue mechanism by interrupting/discontinuing electric flow in case of faulty functioning. The basic advantage of circuit breakers is that they could be reset automatically or manually for resuming normal options.

COVID-19 Impact Analysis:

The outbreak of COVID-19 has certainly impacted the production of electricity in the first place. Though it’s an essential thing, there are less number of people turning up at the job site (s) fearing the worst in wake of the second wave proving to be more fatal, and also lockdown being imposed therein.

Growth Factors:

The consumption of electricity would never cease. In fact, the number of consumers of electricity have been rising at a noteworthy rate since the last few years. Now, where high transmission comes into picture. Herein, circuit breakers play a very important role. Also, governments in the developing countries are investing in utility infrastructure for increasing electricity access rate. This factor is also there to positively impact the circuit breakers market. Moreover, the growing demand for uninterruptible power is expected to supplement the market growth in the coming years. As there is an exponential rise in emergence and development of SMART Cities, power needs in the population has been rising substantially. Therefore, the construction of new projects are likely to propel the need for innovative concepts to supply uninterruptible power supply.

On contrary, budget constraints and lack of basic amenities in various countries is expected to hinder the market growth. Additionally, environment regulations are getting stringent as new construction projects are taking place. This has created additional challenges for market development.

Report Scope:

Type Segment Analysis Preview:

Based  on type, the circuit breakers market is segmented as low voltage circuit breaker, high voltage circuit breaker, and medium voltage circuit breaker. Low voltage circuit breaker accounted for a significant market share in the past few years owing to the prolong use in the domestic application. High voltage circuit breaker is anticipated to reveal moderate growth in the coming years attributing to the rise in demand for electricity. 

Application Segment Analysis Preview:

Based on application, the circuit breakers market is segmented as power, oil and gas, EPCs, metals/mining, and others. Power segment is likely to account for a significant share in the coming years owing to the steady growth rate. Moreover, oil and gas segment are expected to register robust growth as the need for circuit breakers is always high in the manufacturing units.

Regional Segment Analysis Preview:

Asia Pacific held a significant share in 2020 accounting for 4.5% CAGR in the forecast period. Factors such as presence of major players and technological feasibility are supplementing the market growth. North America and Europe are likely to gain a significant traction in the forecast period owing to the rise in production and lucrative opportunities in the near future.

Key Players and Competitive Landscape:

Some of the key players in circuit breakers market are ABB Ltd., Alstom, Siemens AG, Mitsubishi Electric Corporation, BEL Fuse Inc., Eaton Corporation, General Electric, Schneider Electric, Toshiba, Powell Industries Inc., TE Connectivity, and Mersen, Siemens AG.

The Global Circuit Breakers Market is segmented into

By Voltage:

  • Low Voltage Circuit Breaker
  • Medium Voltage Circuit Breaker
  • High Voltage Circuit Breaker

By Application:

  • Power (Power Generation, Power Transmission, Power Distribution)
  • Oil and Gas
  • Metals/Mining
  • EPCs
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • 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 No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Vultage
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Circuit Breakers Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Circuit Breakers Market – Vultage Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Vultage, 2020 & 2028
    • 4.2. Low Vultage Circuit Breakers
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Medium Vultage Circuit Breaker
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. High Vultage Circuit Breaker
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2021 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Circuit Breakers Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Power (Power Generation, Power Transmission, Power Distribution)
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Oil and Gas
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Metals/Mining
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. EPCs
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No.6 Circuit Breakers Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Vultage, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Vultage, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Vultage, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Vultage, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Vultage, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Vultage, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Vultage, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Vultage, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Vultage, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Vultage, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Vultage, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Vultage, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Vultage, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Vultage, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Vultage, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Vultage, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Vultage, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Vultage, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Vultage, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Vultage, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Vultage, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Vultage, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Vultage, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Vultage, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Vultage, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Vultage, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Circuit Breakers Market: Company Market Share, 2019
      • 8.1.2. Global Circuit Breakers Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Circuit Breakers Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Circuit Breakers Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 : Company Profiles
    • 9.1. ABB Ltd
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Alstom
    • 9.3. Siemens AG
    • 9.4. Mitsubishi Electric Corporation
    • 9.5. BEL Fuse Inc
    • 9.6. Eaton Corporation
    • 9.7. General Electric
    • 9.8. Schneider Electric
    • 9.9. Toshiba
    • 9.10. Powell Industries
    • 9.11. TE Connectivity
  • Chapter No. 10 : Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 : Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Circuit Breakers market. Zion Research has collected and analyzed key data belong to the global Circuit Breakers market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Circuit Breakers across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Circuit Breakers industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • 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

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Circuit Breakers market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The circuit breaker is an electrical switching device which can be operated automatically for controlling and protection of electrical power system from damage caused by overload or short circuit. Circuit breakers are mainly used in automotive, construction, oil and gas, power generation, commercial and industrial sector among others. Low-voltage circuit breakers, magnetic circuit breakers, thermal magnetic circuit breakers, common trip breakers, medium-voltage circuit breakers, and high-voltage circuit breakers are the general type of circuit breakers. Further, oil circuit breaker, air circuit breaker and vacuum circuit breaker are also few types of circuit breakers.

The circuit breaker market is expected to witness strong growth within the forecast period. The Canada circuit breaker market is mainly driven by rising demand for power transmission equipment and industrialization & urbanizations. With increasing concern for safety in electronic, automotive, electrical, and telecommunication equipment, the need for advanced circuit breakers has also increased considerably. However, a counterfeit of circuit breakers is becoming the major challenge for this market. Growing expansion activities in T&D (transmission and distribution) network projects is projected to boost the protection devices market. This will, in turn, propel the demand for circuit breakers in the years to come.

Canada-Circuit-Breakers-Market

Circuit breakers are available in various types such as low voltage circuit breaker, high voltage circuit breaker, and medium voltage circuit breaker. Low voltage circuit breaks accounted for over 38 % share of the Canada market in 2016and is expected to witness the fastest growth within the forecast period.Low-voltage circuit breakers are mainly used in the domestic, commercial and industrial application.Medium voltage circuit breaker emerged as another key outlet for this market in 2015.High voltage circuit breaker segment is expected to exhibit moderate growth in the next few years due to increasing electrical power consumption.

Some of the key application of circuit breaker market including power, oil, and gas, metals/mining, EPCs and others application. Power segment includes power generation, power transmission, and power distribution. In term of revenue, power (power generation, power transmission, nd power distribution dominated the circuit breakers market and accounted for around 30% share of the total market. oil and gas and metals/mining are another key outlet of this market and are expected to grow at the steady rate over the next few years.Others application like consumers electronics, industrial strengthening application segment is expected to be the fastest-growing segment.

Some of the key players in the Canada circuit breaker market includeABB Ltd., Alstom, Siemens AG, Mitsubishi Electric Corporation, BEL Fuse Inc., Eaton Corporation, General Electric, Schneider Electric, Toshiba, Powell Industries Inc., TE Connectivity, and Mersen.Siemens AG, Toshiba, ABB, and Mitsubishi are some of the prominent players of the circuit breakers market in Canada.


Frequently Asked Questions

The global circuit breakers market was valued at USD 804.3 Million in 2020.

The global circuit breakers market is expected to reach USD 883.2 Million by 2028, growing at a CAGR of 1.6% between 2021 to 2028.

Some of the key factors driving the global circuit breakers market growth include the growing demand for uninterruptible power in the population.

Asia Pacific held a substantial share of the Circuit Breakers market in 2020. This is attributable to the presence of top companies. China is world’s largest manufacturer and the consumer of Circuit Breakers owing it to the large population and the raw material available.

Some of the major companies operating in global circuit breakers market are ABB Ltd., Alstom, Siemens AG, Mitsubishi Electric Corporation, BEL Fuse Inc., Eaton Corporation, General Electric, Schneider Electric, Toshiba, Powell Industries Inc., TE Connectivity, and Mersen.
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