Mar 18, 2021   SOURCE: BusinessWire

Worldwide Circuit Breaker Industry to 2026 - Players Include ABB Group, Alstom and Eaton Among Others - ResearchAndMarkets.com

The "Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global circuit breaker market reached a value of US$ 7.91 Billion in 2020. Looking forward, the publisher expects the global circuit breaker market to exhibit moderate growth during 2021-2026.

A circuit breaker refers to an automatic safety device designed to prevent fluctuations in the flow of the current and protect other devices that are attached to the circuit. It also assists in controlling, regulating and mastering electric power efficiently. It is currently available in numerous sizes ranging from small devices that protect low-current circuits to large switchgear, which protects high-voltage circuits. As circuit breakers are useful in low-, medium-, and high-voltage applications, they are extensively utilized in the construction, locomotive, and transportation industries.

There is a significant rise in the need for upgrading electrical transmission networks, especially in emerging economies, on account of rapid urbanization and increasing population. Consequently, governments in these countries are focusing on expanding their power generation capacity to meet electricity requirements in rural and urban areas. This, in turn, has escalated the demand for circuit breakers. Apart from this, governing agencies in developed countries are replacing the old electrical equipment with energy-efficient systems to ensure electrical safety and minimize wastage.

Companies Mentioned

  • ABB Group
  • Alstom SA
  • Eaton Corporation Inc.
  • General Electric Company
  • Mitsubishi Electric Power Products Inc
  • Schneider Electric
  • Siemens AG
  • Camsco Electric Co. Ltd.
  • G&W Electric Co.
  • Kirloskar Electric Co. Ltd.
  • Larsen & Toubro Limited
  • Powell Industries Inc.
  • SCHURTER Holding AG
  • Sensata Technologies Inc. and Toshiba Corporation

Global Circuit Breaker Market Drivers:

  • In recent years, the demand for electricity has been increasing day by day. Circuit breakers are beneficial in the transmission and distribution of power supply. Moreover, owing to an emerging need for saving electricity, governments across the globe are introducing numerous initiatives to establish efficient and smart power grids. These factors have contributed towards the growth of the circuit breaker market.
  • Safety of kitchen appliances, industrial tools and machinery and IT products have become a matter of chief concern that is playing a major role in the rising demand of circuit breakers. By using circuit breakers, the whole power mechanism can be made safe and protected from the frequent power fluctuations and short circuits.
  • An important factor that is responsible for the constant growth in the circuit breaker market is the increasing trend of urbanisation and industrialisation in developing countries. This has caused an improvement in the electricity infrastructure as well as an increase in the power supply to rural areas.
  • Low maintenance cost and increasing usage of these devices in locomotive industries are some of the other advantages that are positively influencing the growth of global circuit breaker market.

Key Questions Answered in This Report:

1. What was the global circuit breaker market size in 2020?

2. What are the major global circuit breaker market drivers?

3. What are the major trends in the global circuit breaker market?

4. What is the impact of COVID-19 on the global circuit breaker market?

5. What is the global circuit breaker market breakup by product type?

6. What is the global circuit breaker market breakup by voltage?

7. What is the global circuit breaker market breakup by technology?

8. What is the global circuit breaker market breakup by end use?

9. What are the major regional markets in the global circuit breaker industry?

10. Who are the leading circuit breaker industry players?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

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

5.11 Value Chain Analysis

5.12 Porters Five Forces Analysis

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

6.2 Outdoor Circuit Breakers

7 Market Breakup by Voltage

7.1 Low Voltage

7.2 Medium Voltage

7.3 High Voltage

8 Market Breakup by Technology

8.1 Air

8.2 Vacuum

8.3 Oil

8.4 SF6

9 Market Breakup by End-Use

9.1 Transmission and Distribution

9.2 Renewable

9.3 Power Generation

9.4 Railways

10 Market Breakup by Region

10.1 Asia Pacific

10.2 North America

10.3 Europe

10.4 Middle East and Africa

10.5 Latin America

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

For more information about this report visit https://www.researchandmarkets.com/r/i3qr2u