HOME Research Insight ABB (Switzerland) and Siemens (Germany) are the Few Global Players in the Circuit Breaker Market



ABB (Switzerland) and Siemens (Germany) are the Few Global Players in the Circuit Breaker Market


The global circuit breaker market is projected to reach USD 8.68 Billion by 2022, from an estimated USD 6.85 Billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold the largest share by 2022, followed by the markets in North America and Europe. The growth of the circuit breaker market is driven by increasing access to electricity in developing countries, growing renewable power generation projects, and increasing construction and developmental activities.

The circuit breaker market is dominated by a few global players. The key players in this market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi (Japan), and Toshiba (Japan).

The major strategies adopted by the players in the circuit breaker market from 2014 to 2017 (November) included contracts & agreements, new product launches, expansions, and partnerships, of which contracts & agreements was the most widely used. The second most preferred growth strategy was new product launches which included new air circuit breakers that can handle rated currents of up to 1250 A introduced by Siemens (Germany) in November 2017.

ABB (Switzerland) is one of the leading power and automation technology companies that offers a wide range of products, services, and systems. The company operates through 4 segments, namely, power grids, electrification products, process automation, and discrete automation and motion. ABB offers medium and low voltage circuit breakers under its electrification products division, while high voltage circuit breakers are offered under the power grids division. In January 2017, ABB won a contract worth USD 640 million to deliver a transmission link, the Raigarh-Pugalur 800 kV ultra-high-voltage direct current (UHVDC) system that connects Raigarh in Central India to Pugalur in the southern state of Tamil Nadu, India. In September 2017, ABB acquired GE’s industrial solutions segment for USD 2.6 billion. GE manufactures circuit breakers under the industrial solutions segment. The acquisition helped ABB strengthen its electrification products segment and boost operations in the North American market.

Siemens (Germany) is a leading manufacturing and engineering company. It operates through 8 segments, namely, power and gas, healthcare, energy management, digital factory, process industries and drives, mobility, building technologies, and wind power and renewables. The low and medium voltage division of the energy management segment caters to electrical grid operators, large industrial electricity consumers, and the construction market. It offers medium and low voltage electrical power equipment, which includes distribution switchgears, control gears, circuit breakers, and components for distributing and switching electrical power. The power transmission division of the energy business segment covers high voltage transmission solutions, power and distribution transformers, high voltage switching and non-switching products and systems, and AC and DC transmission systems. In July 2017, Siemens received a contract from Netze BW (Germany) to modernize and expand a 110-kV transformer substation in Nordlingen, Germany. Siemens is to install the new 3AV1 outdoor circuit breaker with vacuum-interruption technology and a combined voltage and current converter, including clean-air insulation, in the 110-kV high-voltage grid. The new equipment is expected to be commissioned by the middle of 2018.

Related 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

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