• The global Circuit Breaker Market was valued at USD xx million in 2017. The research at DMI yielded diverse opinions about the global market with the Circuit Breaker Market forecast valuation pegged at USD xx million by 2025
• The market growth is driven by several factors such as rising demand from end-user industries, increasing renewable power generation, growing power distribution & transmission systems and others.
• However, the market growth is restrained by the high cost of electrical devices and equipment. Also, the increasing number of cases of short circuit levels, particularly in Europe and USA is challenging companies to innovate new technology and make improvements in electric energy supply.
The global Circuit Breaker Market is segmented into the following categories based on different criteria
By End-User
1. Renewable Power Generation,
2. Railway, Power Transmission & Distribution,
3. Industrial, and
4. Others
By Voltage
1. High Voltage,
2. Medium Voltage, and
3. Low Voltage
By Application
1. Indoor and
2. Outdoor.
By Type
1. Live Tank Circuit Breaker,
2. Dead Tank Circuit Breaker,
3. MV Vaccum Circuit Breaker,
4. SF6 gas circuit breakers, and
5. Others
By Geography
1. North America,
2. South America,
3. Europe,
4. The Asia Pacific and
5. RoW
Based on End-User, Power Transmission & Distribution System is the major segment of the global circuit breaker market due to the increasing modern technology in smart electric grids. These smart electric grids improve the efficiency of operation and consume low energy compared to traditional ones.
• Asia-Pacific is dominating the Global Circuit Breaker market followed by North America due to growing investments in new technologies to simplify the electrical design applications in this region, especially in India and China.
Competitive Trends
• Siemens has pioneered in making technical developments in circuit breakers. In Central Asia where the temperatures drop below -55 degrees Celsius, they are supplying 550 kV SF6 open air circuit breakers. To keep these circuits operative whole winter, some solutions such as 245kV dead tank circuit with heating blanket are introduced in these regions.
• ABB has introduced a new Disconnecting Circuit Breaker (DCB) that is made of optic fiber technology which reduces the complexity of substation design and reduces the footprint required for high-voltage switchgear for 362 – 550 kV applications. It is much more flexible and reliable than its counterparts.
Market Report Scope
• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
• The global circuit breaker market share is divided majorly among the following players: ABB, General Electric, Siemens, Schneider Electric, Mitsubishi Electric Power Products, Eaton, Alstom, Toshiba, Powell, and Larsen & Toubro. This report has profiled the aforementioned players in this market.
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