HOME Top Market Reports Circuit Breaker Market by Voltage (Medium Voltage, and High Voltage Circuit Breakers), End-User (Transmission & Distribution, Renewable, Power Generation, and Railways), Type (Outdoor, and Indoor), and Region - Global Forecast to 2022

Circuit Breaker Market by Voltage (Medium Voltage, and High Voltage Circuit Breakers), End-User (Transmission & Distribution, Renewable, Power Generation, and Railways), Type (Outdoor, and Indoor), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: EP 3341

 

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The global circuit breaker market was valued at USD 6.62 Billion in 2016 and is projected to reach USD 8.68 Billion by 2022, growing at a CAGR of 4.85%, from 2017 to 2022. Growing access to electricity in developing countries, increasing construction and developmental activities, and the rising number of renewable power generation projects are the major drivers that would trigger growth in the circuit breaker market.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017 to 2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global circuit breaker market by voltage, equipment, end-user, and region
  • To provide detailed information on the major factors influencing the growth of the circuit breaker market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the circuit breaker market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the circuit breaker market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global circuit breaker market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. The research methodology is explained below.

  • Study of the annual revenues and market developments of the major players providing circuit breakers
  • Analyses of the demand for circuit breakers by end-users
  • Assessment of future trends and growth of end-users in the circuit breaker market
  • Assessment of the circuit breaker market with respect to voltage capacity by various end-users
  • Study of market trends in various regions and countries, by end-user
  • Study of contracts and developments related to the circuit breaker market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying circuit breakers across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

circuit-breaker market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The circuit breaker ecosystem comprises equipment manufacturers such as ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), Larsen & Toubro (India), Hitachi, (Japan), CG Power (India), Efacec (Portugal), Mitsubishi (Japan), and Toshiba (Japan).

Target Audience:

The target audience of this report includes:

  • Consulting companies in the energy and power sector
  • Environmental research institutes
  • Government and research organizations
  • Investment firms
  • Power generation plants
  • Power and energy associations
  • State and national regulatory authorities
  • Circuit breaker manufacturers, dealers, and suppliers
  • Transmission and distribution utilities

Scope of the Report:

  • By Voltage
    • Medium Voltage: Live Tank and Dead Tank
    • High Voltage: Live Tank and Dead Tank
  • By End-User
    • Transmission and Distribution
    • Renewable
    • Power Generation
    • Railways
  • By Type
    • Indoor Circuit Breakers: High and Medium Voltage
    • Outdoor Circuit Breakers: High and Medium Voltage
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Global Circuit Breaker Market
    4.2 Asia Pacific Circuit Breaker Market Size, By Application and Country
    4.3 Circuit Breaker Market, By Country
    4.4 Circuit Breaker Market, By Voltage
    4.5 Circuit Breaker Market, By Type
    4.6 Circuit Breaker Market, By End-Use

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Continued Growth of Construction & Developmental Activities
                    5.2.1.2 Increasing Access to Electricity in Developing Countries
                    5.2.1.3 Growth in Renewable Power Generation
           5.2.2 Restraints
                    5.2.2.1 Stringent Environmental & Safety Regulations for Sf6 Circuit Breakers
                    5.2.2.2 Increasing Competition From the Unorganized Sector of the Circuit Breaker Market
           5.2.3 Opportunity
                    5.2.3.1 Upcoming Smart Cities
                    5.2.3.2 Aging Power Infrastructure
                    5.2.3.3 HVDC Transmission
           5.2.4 Challenges
                    5.2.4.1 Cybersecurity Threats

6 Circuit Breaker Market, By Voltage (Page No. - 41)
    6.1 Introduction
    6.2 High Voltage
           6.2.1 Live Tank Circuit Breaker
           6.2.2 Dead Tank Circuit Breaker
    6.3 Medium Voltage
           6.3.1 Live Tank Circuit Breaker
           6.3.2 Dead Tank Circuit Breaker

7 Circuit Breaker Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Outdoor Circuit Breaker
           7.2.1 High Voltage
           7.2.2 Medium Voltage
    7.3 Indoor Circuit Breaker
           7.3.1 High Voltage
           7.3.2 Medium Voltage

8 Circuit Breaker Market, By End-Use (Page No. - 53)
    8.1 Introduction
    8.2 Transmission & Distribution Utilities
    8.3 Power Generation
    8.4 Renewables
    8.5 Railways

9 Circuit Breaker Market, By Region (Page No. - 58)
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Australia
           9.2.4 Japan
           9.2.5 South Korea
           9.2.6 South-East Asia
    9.3 Europe
           9.3.1 Germany
           9.3.2 Russia
           9.3.3 UK
           9.3.4 France
           9.3.5 Rest of Europe
    9.4 North America
           9.4.1 US
           9.4.2 Canada
           9.4.3 Mexico
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 Kuwait
           9.6.4 South Africa
           9.6.5 Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 88)
     10.1 Overview
     10.2 Ranking of Players and Market Structure, 2016
     10.3 Competitive Scenario
             10.3.1 Contracts & Agreements
             10.3.2 New Product Launches
             10.3.3 Expansions
             10.3.4 Mergers & Acquisitions
             10.3.5 Partnership

11 Company Profiles (Page No. - 94)
(Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Benchmarking
     11.2 ABB
     11.3 Siemens
     11.4 Eaton
     11.5 Schneider Electric
     11.6 Mitsubishi
     11.7 Toshiba
     11.8 Powell
     11.9 TE Connectivity
     11.10 CG Power
     11.11 Fuji Electric
     11.12 Larsen & Toubro
     11.13 Efacec Power Solutions
     11.14 Hawker Siddeley Switchgear
     11.15 Tavrida Electric

*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 135)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (70 Tables)

Table 1 Circuit Breaker Market Snapshot
Table 2 Circuit Breaker Market Size, By Voltage, 2015–2022 (USD Million)
Table 3 Live Tank: Circuit Breaker Market Size, By Voltage, 2015–2022 (USD Million)
Table 4 Dead Tank: Circuit Breaker Market Size, By Voltage, 2015–2022 (USD Million)
Table 5 High Voltage: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 6 High Voltage: Circuit Breaker Market Size, By Tank Type, 2015–2022 (USD Million)
Table 7 Medium Voltage: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 8 Medium Voltage: Circuit Breaker Market Size, By Tank Type, 2015–2022 (USD Million)
Table 9 Circuit Breaker Market Size, By Type, 2015–2022 (USD Million)
Table 10 High Voltage: Circuit Breaker Market Size, By Type, 2015–2022 (USD Million)
Table 11 Medium Voltage Circuit Breaker Market Size, By Type, 2015–2022 (USD Million)
Table 12 Outdoor Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 13 Outdoor Circuit Breaker Market Size, By Voltage, 2015–2022 (USD Million)
Table 14 Indoor Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 15 Indoor Circuit Breaker Market Size, By Voltage, 2015–2022 (USD Million)
Table 16 Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 17 Transmission & Distribution Utilities: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 18 Power Generation: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 19 Renewables: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 20 Railways: Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 21 Circuit Breaker Market Size, By Region, 2015–2022 (USD Million)
Table 22 Asia Pacific: Circuit Breaker Market Size, By Country, 2015–2022 (USD Million)
Table 23 Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 24 Asia Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 25 Asia Pacific: Market Size, By Voltage, 2015–2022 (USD Million)
Table 26 China: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 27 India: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 28 Australia: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 29 Japan: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 30 South Korea: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 31 South-East Asia: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 32 Europe: Circuit Breaker Market Size, By Country, 2015–2022 (USD Million)
Table 33 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 34 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 35 Europe: Market Size, By Voltage, 2015–2022 (USD Million)
Table 36 Germany: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Russia: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 38 UK: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 39 France: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 40 Rest of Europe: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 42 North America: Market Size, By End-User, 2015–2022 (USD Million)
Table 43 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 44 North America: Market Size, By Voltage, 2015–2022 (USD Million)
Table 45 US: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 46 Canada: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 47 Mexico: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 48 South America: Circuit Breaker Market Size, By Country, 2015–2022 (USD Million)
Table 49 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 50 South America: Market Size, By Type, 2015–2022 (USD Million)
Table 51 South America: Market Size, By Voltage, 2015–2022 (USD Million)
Table 52 Brazil: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Argentina: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 54 Rest of South America: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 55 Middle East & Africa: Circuit Breaker Market Size, By Country, 2015–2022 (USD Million)
Table 56 Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 57 Middle East & Africa: Market Size, By Type, 2015–2022 (USD Million)
Table 58 Middle East & Africa: Market Size, By Voltage, 2015–2022 (USD Million)
Table 59 Saudi Arabia: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 60 UAE: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Kuwait: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 62 South Africa: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 63 Rest of the Middle East & Africa: Circuit Breaker Market Size, By End-User, 2015–2022 (USD Million)
Table 64 ABB Led the Circuit Breaker Market in 2016
Table 65 Market Developments, 2014 - 2017
Table 66 Contracts & Agreements, 2014-2017
Table 67 New Product Launches, 2014-2017
Table 68 Expansions, 2014–2017
Table 69 Mergers & Acquisitions, 2014–2017
Table 70 Partnership, 2014–2017


List of Figures (40 Figures)

Figure 1 Market Segmentation: Circuit Breaker Market
Figure 2 Circuit Breaker Market: Research Design
Figure 3 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Assumptions of the Research Study
Figure 8 Asia Pacific Dominated the Circuit Breaker Market in 2016
Figure 9 Circuit Breaker Market: Voltage Snapshot
Figure 10 Circuit Breaker Market: Type Snapshot
Figure 11 Transmission & Distribution Utilities Segment is Expected to Dominate the Circuit Breaker Market During the Forecast Period
Figure 12 Increasing Access to Electricity is Expected to Drive the Growth of the Circuit Breaker Market During the Forecast Period
Figure 13 Transmission & Distribution Utilities Segment Held Maximum Share in the Asia Pacific Circuit Breaker Market in 2016
Figure 14 India is Estimated to Have the Highest Growth Rate From 2017–2022
Figure 15 Medium Voltage Circuit Breaker is Expected to Dominate the Circuit Breaker Market in 2017
Figure 16 Outdoor Circuit Breaker Segment is Expected to Lead the Circuit Breaker Market During the Forecast Period
Figure 17 Transmission & Distribution Utilities Segment is Expected to Dominate the Circuit Breaker Market in 2017
Figure 18 Drivers, Restraints, Challenges, & Opportunities
Figure 19 Asia Construction Expenditure, By Country, 2015
Figure 20 Access to Electricity By the Population During 2008–2014
Figure 21 Renewable Energy Use, 2014–2030
Figure 22 Circuit Breaker Market Segment, By Voltage
Figure 23 Circuit Breaker Market Segment, By Type
Figure 24 Circuit Breaker Market Segment, By End-User, 2016
Figure 25 Circuit Breaker Market, By Region, 2016
Figure 26 The Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Asia Pacific: Circuit Breaker Market Snapshot
Figure 28 North America: Circuit Breaker Market Snapshot
Figure 29 Key Developments in the Circuit Breaker Market, 2014–2017
Figure 30 ABB: Company Snapshot
Figure 31 Siemens: Company Snapshot
Figure 32 Eaton: Company Snapshot
Figure 33 Schneider Electric: Company Snapshot
Figure 34 Mitsubishi: Company Snapshot
Figure 35 Toshiba: Company Snapshot
Figure 36 Powell: Company Snapshot
Figure 37 TE Connectivity: Company Snapshot
Figure 38 CG Power: Company Snapshot
Figure 39 Fuji Electric: Company Snapshot
Figure 40 Larsen & Toubro: Company Snapshot

The global circuit breaker market is estimated to be USD 6.85 Billion in 2017 and is projected to reach USD 8.68 Billion by 2022, growing at a CAGR of 4.85%, from 2017 to 2022. Increasing construction and developmental activities, the growing demand for electricity in developing countries, and rising number of renewable power generation projects are the major drivers of the circuit breaker market.

The report segments the circuit breaker market, by voltage, into medium voltage and high voltage. The medium voltage sub-segment dominated the market in 2016 due to increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment.

Based on end-user, the circuit breaker market has been segmented into transmission and distribution, renewable, power generation, and railways. The transmission and distribution sub-segment led the circuit breaker market in 2016 and is projected to dominate the market during the forecast period. The renewable segment is expected to grow at the fastest rate during the forecast period.

Based on type, the circuit breaker market has been segmented into indoor and outdoor circuit breakers, which have been further divided into high voltage and medium voltage. The outdoor circuit breaker segment held the largest market share in 2016 and is projected to dominate the market during the forecast period as they offer space optimization, low maintenance, and protection against extreme environmental conditions.

In this report, the circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific is expected to lead the global circuit breaker market during the forecast period due to the upgradation of aging electrical grid infrastructure and increase in electricity demand in the region.

circuit-breaker market

Aging power infrastructure, growing HVDC transmission networks, and upcoming smart cities can lead to opportunities in the circuit breaker market. Stringent environmental and safety regulations for SF6 circuit breakers and increasing competition from the unorganized sector could be a restraint for the circuit breaker market, leading to declining profits.

Some of the leading players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi (Japan), and Toshiba (Japan). Contracts & agreements and new product launches were the most widely adopted strategies by players to ensure their dominance in the market.

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Client Customization Problem Statement : Market Share Assessment for Circuit protection systems (Relays)

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