Circuit Breaker Market

Market Leader - Circuit Breaker Market

The global circuit breaker market size is projected to reach USD 7.7 billion by 2025 from an estimated value of USD 5.7 billion in 2020, at a CAGR of 5.9%. The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure power supply worldwide; increasing capacity additions and enhancements for T&D networks; and accelerating investments in railways sectors.

The key players in the circuit breaker market include companies such as ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland). Major strategies adopted by the players are product launches, contracts & agreements, collaborations, partnerships, and mergers & acquisitions, from January 2016 to November 2020. Contracts & Agreements was the most commonly adopted strategy.

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ABB is a provider of power and automation technologies that cater to robotics, process automation, automation products, power systems, and power products applications. The company offers circuit breakers for end user segments such as transmission & distribution, railways, and power generation. The company operates through 4 business segments, namely, Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. It offers circuit breakers under the Electrification Products segment. The segment also offers automation and services for distribution and industrial solutions to control, protect, and optimize assets within electrical infrastructures; low and medium voltage control, and protection products.

Siemens is a manufacturer of engineering solutions for automation and control, power, transportation, and medical diagnosis. The company operates through six business segments, namely, Digital Industries, Smart Infrastructure, Gas and Power, Mobility, Siemens Healthineers, and Siemens Gamesa Renewable Energy. Siemens caters to many end user sectors and offers a wide range of products and services for condition monitoring & diagnostics, modernizations & upgrades, remote monitoring, and lifetime extensions, under its Gas and Power business segment. In addition, the portfolio includes also includes high-voltage switchgear and components, power transformers, high-voltage direct current (HVDC) products, and HVDC and grid access solutions as well as relevant transmission services.  In January 2020, Siemens acquired C&S Electric, a manufacturer of electrical and electronic equipment, to cater to the growing need for electrification products. The scope of the acquisition included the Indian operations of C&S Electric’s low-voltage switchgear components and panels, low and medium voltage power busbars as well as protection and metering devices businesses.

Related Reports:

Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End-User (Transmission & Distribution Utilities, Power Generation, Renewables, & Railways) and Region - Global Forecast to 2025

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Report Code
EP 3341
RI Published ON
1/7/2021
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