Circuit Breaker Market 2019 Global Industry Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2026

(The Express Wire via Comtex)

Circuit Breaker Industry 2019 Global Market research report presents your analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market.

The global circuit breaker market is set to attain a value of USD 25.75 billion by 2026, displaying a CAGR of 6.97% during the forecast period. The main driving factor for this is the ever-increasing demand for electricity around the world. According to the International Energy Agency (IEA), in 2018, world electricity demand increased by 4%, double the amount of the overall energy demand. Among nations, China and the US accounted for 70% of the total global demand. Increasing demand and consumption of electricity will lead to a corresponding rise in the demand for circuit breakers, since they are essential components in any electrical system. Circuit breakers are basically switching devices, that is, their primary function is to disturb or interrupt the flow of fault or abnormal current. This protects the electrical system from any damage and prevents any potential accidents.

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Some of the prominent companies in the global circuit breaker market include:

  • CG Power and Industrial Solutions Limited
  • ABB
  • Atom Power, Inc.
  • Mitsubishi Electric Corporation
  • Salzer Group
  • Schneider Electric
  • Larsen and Toubro Limited
  • Kirloskar Electric Company
  • Siemens AG
  • GE

Key Market Driver Enormous demand for electricity

Key Market Restraint High installation and maintenance cost

According to the Fortune Business Insights report, titled “Circuit Breaker Market Size, Share and Industry Analysis, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By End User (Residential, Commercial, Industrial, and Utility), By Installation (Indoor and Outdoor), By Rated Voltage (Upto 500V, 500V-1kV, 1kV-15kV, 15kV-50kV, 50kV-70kV, 70kV-150kV, 150kV-300kV, 300kV-600kV, 600kV-800kV, and Above 800kV), and Regional Forecast, 2019-2026”, the global circuit breaker market value in 2018 was USD 15.09 billion. Additionally, the report also provides a comprehensive analysis of the various factors and trends that will shape the market during the forecast period.

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Segmentation

  1. By Voltage
    • Low Voltage
    • Medium Voltage
    • High Voltage
  2. By Installation Location
    • Indoor Circuit Breakers
    • Outdoor Circuit Breakers
  3. By End-User
    • Residential
    • Commercial
    • Industrial
    • Utility
  4. By Geography
    • North America (the USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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Development of Innovative Products to Intensify Competition

Key players in the global circuit breaker market are increasingly focusing on creating and launching new and innovative products so as to gain a competitive edge. For example, in April 2019, Hannover-based ABB introduced its solid-state circuit breaker that is designed to enable electrical systems and grids to adopt renewable energy solutions and improve industrial battery storage capacities. Similarly, Schneider Electric upgraded its Masterpact circuit breakers product line with the Masterpact MTZ, which is specifically designed to empower smart devices to cope with the Internet of Things (IoT) tools and solutions.

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Table of Content

5. Global Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026

5.1. Key Findings/Summary

5.2.Market Analysis, Insights and Forecast By Voltage

5.2.1.Low Voltage

5.2.2.Medium Voltage

5.2.3.High Voltage

5.3.Market Analysis, Insights and Forecast By End User

5.3.1.Residential

5.3.2. Commercial

5.3.3.Industrial

5.3.4.Utility

5.4.Market Analysis, Insights and Forecast By Installation

5.4.1.Indoor

5.4.2.Outdoor

5.5.Market Analysis, Insights and Forecast By Rated Voltage

5.5.1.Upto 500V

5.5.2.500V- 1kV

5.5.3.1kV-15kV

5.5.4.15kV-50kV

5.5.5.50kV-70kV

5.5.6.70kV-150kV

5.5.7.150kV-300kV

5.5.8.300kV-600kV

5.5.9.600kV-800kV

5.5.10.Above 800kV

5.6.Market Analysis, Insights and Forecast By Region

5.6.1.North America

5.6.2.Latin America

5.6.3.Europe

5.6.4.Asia Pacific

5.6.5.Middle East and Africa

6. North America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026

6.1.Key Findings/ Summary

6.2.Market Analysis, Insights and Forecast By Voltage

6.2.1.Low Voltage

6.2.2.Medium Voltage

6.2.3.High Voltage

6.3.Market Analysis, Insights and Forecast By End User

6.3.1.Residential

6.3.2.Commercial

6.3.3.Industrial

6.3.4.Utility

6.4.Market Analysis, Insights and Forecast By Installation

6.4.1.Indoor

6.4.2.Outdoor

6.5.Market Analysis, Insights and Forecast By Rated Voltage

6.5.1.Upto 500V

6.5.2.500V- 1kV

6.5.3.1kV-15kV

6.5.4.15kV-50kV

6.5.5.50kV-70kV

6.5.6.70kV-150kV

6.5.7.150kV-300kV

6.5.8.300kV-600kV

6.5.9.600kV-800kV

6.5.10.Above 800kV

6.6.Market Analysis, Insights and Forecast By Country

6.6.1.U.S.

6.6.2.Canada

7. Latin America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026

7.1.Key Findings/ Summary

7.2.Market Analysis, Insights and Forecast By Voltage

7.2.1.Low Voltage

7.2.2. Medium Voltage

7.2.3. High Voltage

TOC Continued.....!

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