HOME Top Market Reports Circuit Breakers Market by Application (Non-Residential/Residential, Electronic/Electrical, Transportation (Automotive/Non-Automotive), by Type (SF6, Vacuum, and others), by Voltage (HV, MV & LV), and by Region - Global Trends & Forecast to 2019

Circuit Breakers Market by Application (Non-Residential/Residential, Electronic/Electrical, Transportation (Automotive/Non-Automotive), by Type (SF6, Vacuum, and others), by Voltage (HV, MV & LV), and by Region - Global Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: EP 3341

 

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Circuit Breakers are electrical switching Devices used on distribution and transmission networks for safety of the equipment and devices. Increasing grid investments across the world to replace ageing grid, increasing need to upgrade to new efficient networks, need for effective load management, and renenwable energy connectivity to grid are important factors that are driving the growth of circuit breakers market. North America, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years. Asia-Pacific is expected to have the highest CAGR of around 8.3% from 2014 to 2019. The global market for circuit breakers is projected to reach $15.6 Billion by 2019, at a CAGR of 6.8% from 2014 to 2019. The primary driver for the circuit breakers and fuse market is the increase in power transmission spending due to the growing demand for the electricity grid connectivity.

Circuit breakers have have been replacing the fuses market since a while and are expected to continue the trend. However, fuses still have their respevtive market areas at component level protection due to few operational factors and cost advantages. Asia-Pacific and North America are the likely to be the key growth contributors to the circuit breakers market in the coming years.

Top players in the circuit breakers and fuse market include Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric (France), Toshiba (Japan), Alstom (France), and Mitsubishi Electric Corporation (Japan) with a combined share of around 59%.

This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric (France), Toshiba (Japan), Alstom (France), and Mitsubishi Electric Corporation (Japan) have also been profiled in this report.

circuit-breaker market

Circuit breakers are mostly preferred over fuses by the end-users especially in the residential segment as it is very easy to reset when tripped. It is also low on maintainence. Fuses on the other hand are very sensitive thus are prone to short circuit or fire in some situations.

For this report, the major players in the market are identified through secondary and primary research based on which, their market shares are evaluated. This includes study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.

The size of overall market is determined by forecasting techniques based on circuit breakers and fuse demand in different regions, which is validated through primary sources. The market size in terms of revenue and volume for various types of circuit breakers and fuses are determined and are evaluated using primary and secondary research. The market data is available from 2012 to 2019 with CAGR from 2014 to 2019.

Scope of the report: This study estimates the global circuit breakersmarket in terms of its application areas, voltage levels, and types, till 2019. It also offers a detailed qualitative and quantitative analysis of this market. It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues of the market. The report also covers various important aspects of the market. These aspects include analysis of value chain, Porterís Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the global circuit breakers and fuses market.

Various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the circuit breakers and fuses market. The primary sources such as experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information as well as assess future prospects of the circuit breakers and fuses market.

On the basis of voltage level: (High, medium, and low)

On the basis of applications: non-residential building construction, residential building construction, electronics and electrical equipment, non-automotive transportation equipment, and automotive

On the basis of types: Vacuum, SF6, and other circuit breakers

On the basis of regions: North America, Europe, Asia-Pacific, the Middle East, and RoW

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
           2.1.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Increasing Electric Power Consumption
                    2.2.2.2 Growing Renewable Sources of Energy
           2.2.3 Supply-Side Analysis
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 29)
    3.1 History and Evolution
    3.2 Sustained Demand From the Energy End-Use Sectors Drives the Global Market for Circuit Breaker and Fuse
    3.3 Top Companies Adopted the Strategy of New Product Launch to Grow in the Circuit Breaker & Fuse Market

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in Circuit Breaker & Fuse Market
    4.2 Circuit Breaker & Fuse Market: Top Three Applications Segment
    4.3 Circuit Breaker & Fuse Market in North America
    4.4 Vacuum Circuit Breaker to Dominate the Global Circuit Breaker Market During the Forecast Period
    4.5 Circuit Breaker & Fuse Market: Asia-Pacific

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Global Circuit Breaker & Fuse Market Segmentation
           5.2.1 By Voltage Level
           5.2.2 By Application
           5.2.3 By Type
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand of Power Transmission Equipment
                    5.3.1.2 Tough Competition Among Existing Players
                    5.3.1.3 Growing Industrialization and Urbanization
                    5.3.1.4 Increased Expenditure on Renewable Energy Sources
           5.3.2 Restraints
                    5.3.2.1 Rising Prices of Raw Materials
           5.3.3 Opportunities
                    5.3.3.1 Rising Demand of Power
           5.3.4 Challenges
                    5.3.4.1 Environmental Regulations Towards SF6 Circuit Breaker Technology
    5.4 Winning Imperative
           5.4.1 Advanced Circuit Breaker Technologies

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
    6.4 Porterís Five Forces Analysis
           6.4.1 Threat of Substitutes
           6.4.2 Threat of New Entrants
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Industry Competition

7 Circuit Breaker & Fuse Market, By Application (Page No. - 51)
    7.1 Introduction
    7.2 Electronics & Electrical Equipment
    7.3 Residential Building Construction
    7.4 Non-Residential Building Construction
    7.5 Automotive
    7.6 Non-Automotive Transportation Equipment

8 Circuit Breaker Market, By Type (Page No. - 59)
    8.1 Introduction
    8.2 Vacuum Circuit Breaker
    8.3 SF6 Circuit Breaker
    8.4 Other Circuit Breakers

9 Circuit Breaker Market, By Voltage Level (Page No. - 64)
    9.1 Introduction
    9.2 High Voltage Circuit Breaker
    9.3 Medium Voltage Circuit Breaker
    9.4 Low Voltage Circuit Breaker

10 Fuse Market, By Voltage Level (Page No. - 71)
     10.1 Introduction
     10.2 High Voltage Fuse
     10.3 Medium Voltage Fuse
     10.4 Low Voltage Fuse

11 Circuit Breaker & Fuse Market, By Region (Page No. - 78)
     11.1 Introduction
     11.2 Circuit Breaker & Fuse Market
     11.3 Circuit Breaker Market
     11.4 Fuse Market
     11.5 North America
             11.5.1 Circuit Breaker Market
                        11.5.1.1 By Voltage Level
                        11.5.1.2 By Type
             11.5.2 Fuse Market
             11.5.3 Circuit Breaker & Fuse Market, By Application
     11.6 Europe
             11.6.1 Circuit Breaker Market
                        11.6.1.1 By Voltage Level
                        11.6.1.2 By Type
             11.6.2 Fuse Market
             11.6.3 Circuit Breaker & Fuse Market, By Application
     11.7 Asia-Pacific
             11.7.1 Circuit Breaker Market
                        11.7.1.1 By Voltage Level
                        11.7.1.2 By Type
             11.7.2 Fuse Market
             11.7.3 Circuit & Breaker Fuse Market, By Application
     11.8 Middle East
             11.8.1 Circuit Breaker Market
                        11.8.1.1 By Voltage Level
                        11.8.1.2 By Type
             11.8.2 Fuse Market
             11.8.3 Circuit Breaker & Fuse Market, By Application
     11.9 RoW
             11.9.1 Circuit Breaker Market
                        11.9.1.1 By Voltage Level
             11.9.2 Fuse Market
             11.9.3 Circuit Breaker & Fuse Market, By Application

12 Competitive Landscape (Page No. - 103)
     12.1 Overview
     12.2 Marke Share Analysis
     12.3 Competitive Situation & Trends
             12.3.1 New Product Launches
             12.3.2 Contracts & Agreements
             12.3.3 Acquisitions
             12.3.4 Facility Expansions
             12.3.5 New Technology Launches
             12.3.6 Other Developments

13 Company Profiles (Page No. - 118)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 ABB Ltd.
     13.3 Alstom
     13.4 Siemens AG
     13.5 Mitsubishi Electric Corporation
     13.6 BEL Fuse Inc.
     13.7 Eaton Corporation
     13.8 General Electric
     13.9 Schneider Electric
     13.10 Toshiba
     13.11 Powell Industries Inc.
     13.12 TE Connectivity
     13.13 Mersen

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 154)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports

List of Tables (69 Tables)

Table 1 Increasing Demand of Power Transmission Equipment and Increased Expenditure on Renewable Energy Sources are the Driving Forces of the Market
Table 2 Rising Prices of Raw Materialsis A Restraining Force for the Market
Table 3 Rising Demand of Power is the Major Opportunities for the Circuit Breakers and Fuses Market
Table 4 SF6 Circuit Breaker Technology: A Challenge for the Industry
Table 5 Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 6 Electronics & Electrical Equipment Application Market Size, By Region, 2012-2019 ($Million)
Table 7 Residential Building Construction Application Market Size, By Region, 2012-2019 ($Million)
Table 8 Non-Residential Building Construction Application Market Size, By Region, 2012-2019 ($Million)
Table 9 Automotive Application Market Size, By Region, 2012-2019 ($Million)
Table 10 Non-Automotive Transportation Equipment Application Market Size, By Region, 2012-2019 ($Million)
Table 11 Circuit Breaker Market Size, By Type, 2012-2019 ($Million)
Table 12 Vacuum Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 13 SF6 Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 14 Other Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 15 Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 16 Circuit Breaker Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 17 High Voltage Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 18 High Voltage Circuit Breaker Market Size, By Region, 2012-2019 (Million Units)
Table 19 Medium Voltage Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 20 Medium Voltage Circuit Breaker Market Size, By Region, 2012-2019 (Million Units)
Table 21 Low Voltage Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 22 Low Voltage Circuit Breaker Market Size, By Region, 2012-2019 (Million Units)
Table 23 Fuse Market Size, By Voltage Level, 2012-2019 ($Million)
Table 24 Fuse Market Size By Voltage Level 2012-2019 (Million Units)
Table 25 High Voltage Fuse Market Size, By Region, 2012-2019 ($Million)
Table 26 High Voltage Fuse Market Size, By Region, 2012-2019 (Million Units)
Table 27 Medium Voltage Fuse Market Size, By Region, 2012-2019 ($Million)
Table 28 Medium Voltage Fuse Market Size, By Region, 2012-2019 ($Million)
Table 29 Low Voltage Fuse Market Size, By Region, 2012-2019 ($Million)
Table 30 Low Voltage Fuse Market Size (Volume), By Region, 2012-2019(Million Units)
Table 31 Circuit Breaker & Fuse Market Size, By Region, 2012-2019 (Million Units)
Table 32 Circuit Breaker & Fuse Market Size, By Region, 2012-2019 ($Million)
Table 33 Circuit Breaker Market Size, By Region, 2012-2019 (Million Units)
Table 34 Circuit Breaker Market Size, By Region, 2012-2019 ($Million)
Table 35 Fuse Market Size, By Region, 2012-2019 (Million Units)
Table 36 Fuse Market Size, By Region, 2012-2019 ($Million)
Table 37 North America: Circuit Breaker Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 38 North America: Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 39 North America: Fuse Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 40 North America: Fuse Market Size, By Voltage Level, 2012-2019 ($Million)
Table 41 North America: Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 42 Europe: Circuit Breaker Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 43 Europe: Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 44 Europe Circuit Breakers Market Size, By Type, 2012-2019 ($Million)
Table 45 Europe: Fuse Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 46 Europe: Fuse Market Size, By Voltage Level, 2012-2019 ($Million)
Table 47 Europe: Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 48 Asia-Pacific: Circuit Breaker Market Size, By Voltage Level 2012-2019 (Million Units)
Table 49 Asia-Pacific: Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 50 Asia-Pacific Circuit Breakers Market Size, By Type, 2012-2019 ($Million)
Table 51 Asia-Pacific: Fuse Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 52 Asia-Pacific: Fuse Market Size, By Voltage Level 2012-2019 ($Million)
Table 53 Asia-Pacific Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 54 Middle East: Circuit Breaker Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 55 Middle East: Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 56 Middle East: Fuse Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 57 Middle East: Fuse Market Size, By Voltage Level, 2012-2019 ($Million)
Table 58 Middle East: Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 59 RoW: Circuit Breaker Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 60 RoW: Circuit Breaker Market Size, By Voltage Level, 2012-2019 ($Million)
Table 61 RoW: Fuse Market Size, By Voltage Level, 2012-2019 (Million Units)
Table 62 RoW: Fuse Market Size, By Voltage Level, 2012-2019 ($Million)
Table 63 RoW Circuit Breaker & Fuse Market Size, By Application, 2012-2019 ($Million)
Table 64 New Product Launches, 2011-2015
Table 65 Contracts & Agreements, 2011-2015
Table 66 Acquisitions, 2011-2015
Table 67 Facility Expansions, 2012-2015
Table 68 New Technology Launches, 2012-2014
Table 69 Other Developments, 2011-2015


List of Figures (53 Figures)

Figure 1 Markets Covered: Global Circuit Breaker & Fuse
Figure 2 Circuit Breaker & Fuse Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 World Energy Consumption, 2009-2011 (Quadrillion Btu)
Figure 5 World Energy Generation, Regional Data, 2008-2012
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Asia-Pacific is Expected to Be the Highest Growing Region in the Next Five Years Period
Figure 10 North America Dominates the Market in 2013 Whereas Asia-Pacific is Expected to Lead the Market By 2019
Figure 11 Asia-Pacific and North America to Capture the Lions Share in the Global Circuit Breaker and Fuse Market
Figure 12 Circuit Breaker and Fuse Market Size, 2014-2019 ($Million)
Figure 13 Expansion of Transmission Network Along With the Rise in Construction Activities Would Increase the Demand for Circuit Breaker & Fuse
Figure 14 Electronics & Electrical Equipment to Hold the Largest Share in the Top Three Circuit Breaker & Fuse Application
Figure 15 Circuit Breakers and Fuse Market to Capture the Biggest Share in North America
Figure 16 Vacuum Circuit Breaker & SF6 Hold the Lionís Share in the Global Circuit Breaker Market in 2013
Figure 17 Asia-Pacific is the Fastest Growing Region in the Global Circuit Breaker & Fuse Market in 2013
Figure 18 Global Circuit Breaker & Fuse Market Segmentation By Voltage Level, Type, Application, and Region
Figure 19 Increasing Demand of Power Transmission Equipment Drives the Circuit Breaker & Fuse Market
Figure 20 Electricity Generation, 2000 Ė 2030 (Terawatt Hour)
Figure 21 Circuit Breaker & Fuse Market: Value Chain Analysis
Figure 22 Circuit Breaker & Fuse Market: Supply Chain Analysis
Figure 23 Circuit Breaker & Fuse Market: Porterís Five Forces Analysis
Figure 24 Circuit Breaker & Fuse: Application
Figure 25 Electronics & Electrical Equipment is Expected to Capture Largest Market Share in 2019
Figure 26 Asia-Pacific is Projected to Lead Electronics & Electrical Equipment Market in 2019
Figure 27 Circuit Breaker Market Share (Value), By Type, 2013
Figure 28 Circuit Breakers Market Size, By Voltage Level
Figure 29 Fuses Market Size, By Voltage Level
Figure 30 Asia-Pacific is Expected to Dominate the Circuit Breaker & Fuse Market By 2019
Figure 31 Asia-Pacific Projects Fastest Growing Market in Circuit Breaker Voltage Levels
Figure 32 Electronics & Electrical Equipment is Projected to Be the Fastest Growing Market in Asia-Pacific
Figure 33 Companies Adopted New Product Launches and Contracts & Agreements to Capture the Market During 2011-2014
Figure 34 Circuit Breaker & Fuse Market Share (Value) Analysis, 2013
Figure 35 Market Evaluation Framework: New Product Launches, Contracts & Agreements, & Acquisitions Have Fuelled the Growth of Companies in 2011 to 2015
Figure 36 Geographic Revenue Mix of Top Five Players
Figure 37 ABB Ltd.: Company Snapshot
Figure 38 ABB Ltd: SWOT Analysis
Figure 39 Alstom: Company Snapshot
Figure 40 Alstom: SWOT Analysis
Figure 41 Siemens AG.: Company Snapshot
Figure 42 Siemens AG: SWOT Analysis
Figure 43 Mitsubishi Electric Corporation: Company Snapshot
Figure 44 Mitsubishi Electric Corporation: SWOT Analysis
Figure 45 BEL Fuse Inc.: Company Snapshot
Figure 46 BEL Fuse Inc.: SWOT Analysis
Figure 47 Eaton Corporation: Company Snapshot
Figure 48 General Electric: Company Snapshot
Figure 49 Schneider Electric: Company Snapshot
Figure 50 Toshiba: Company Snapshot
Figure 51 Powell Industries Inc.: Company Snapshot
Figure 52 TE Connectivity: Company Snapshot
Figure 53 Mersen: Company Snapshot

To cater to the increasing power demand globally new product development is a key strategy adopted by maximum industry players in order to achieve growth in the circuit breakers market which is estimated to reach $15,632.3 Million by 2019 at a CAGR of 6.8% from 2014 to 2019.

A circuit breaker is a mechanical device manufactured to open and close a circuit by self-operated means and to open the circuit automatically on a pre-assumed overload current without damage and needs to be applied within its rating. Whereas a fuse is an electrical component used to prevent the passage of the overload current from itself.

Electric-power transmission is the bulk transfer of electricity, from power plants to electrical substations. Electric power transmission and distribution (T&D) equipments have very high demand. The primary driver for increases in transmission spending is demand for the electricity grid. Circuit breakers are one of the major components of the power transmission equipment.

The lucrative and high-investment areas such as Asia-Pacific and North America are the key driving factors for the exponential growth of circuit breakers market.

circuit-breaker market

Circuit breakers market is expected to dominate the fuse market owing to the enhanced features incorporated in the device as compared to fuse. Circuit breaker is considered as technologically advanced equipment for circuit protection purposes.

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