Circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by overload or short circuit. Its basic function is to detect a fault condition and interrupt current flow. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset (either manually or automatically) to resume normal operation. Circuit breakers are made in varying sizes, from small devices that protect an individual household appliance up to large switchgear designed to protect high voltage circuits feeding an entire city.
Schneider Electric, ABB, and General Electric captured the top three revenue share spots in the Circuit Breakers market in 2015.Schneider Electric dominated with 10.60 percent revenue share, followed by ABB with 9.45 percent revenue share and General Electric with 8.37 percent revenue share.
In terms of the classification segment, low voltage circuit breaker market accounted for over 45% of the overall share in 2014. These are generally used in industrial, commercial and domestic applications. They are rated less than 1000 VAC or 1500 V DC and are primarily used for DC applications.
In terms of the applications segment, the power generation segment was the largest contributor in the circuit breakers market. In 2014 the power generation segment amounted for 26.08% revenue share. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of Circuit Breakers brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
The Circuit Breakers Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Circuit Breakers industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Circuit Breakers by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Circuit Breakers market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Circuit Breakers market for 2015-2027.
Key Companies
General Electric
ABB
Alstom
Eaton
Mitsubishi Electric
Schneider Electric
Siemens
Maxwell
Toshiba
Pennsylvania Breaker
Legrand
Schurter Holding
Hager
Fuji Electric
Hyundai
CHINT Electrics
DELIXI
Changshu Switchgear
Shanghai Renmin
Liangxin
Circuit Breakers Market by Type
Air circuit breaker
Oil circuit breaker
Sulfur hexafluoride circuit breaker
Vacuum circuit breaker
Other circuit breakers
Circuit Breakers Market by Application
Air circuit breaker
Oil circuit breaker
Sulfur hexafluoride circuit breaker
Circuit Breakers Market by Region
United States
Europe
China
Japan
Other Regions
Circuit Breakers Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify Circuit Breakers according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Circuit Breakers market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Circuit Breakers market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Circuit Breakers market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Circuit Breakers market for the forecast period 2021 - 2027?
• What are the driving forces in the Circuit Breakers market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Circuit Breakers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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