PORTLAND, OR, UNITED STATES, March 07, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Electronics market research firm, has published a competitive intelligence and market research report on “Circuit Breaker Market“. The Circuit Breaker market size was valued at USD 6.13 Bn in 2021. The total Circuit Breaker Market revenue is expected to grow at a CAGR of 5.9 percent from 2022 to 2029, reaching USD 9.71 Bn during the forecast period.
| Market Size in 2021 | USD 6.13 Bn |
| Market Size in 2029 | USD 9.71 Bn |
| CAGR | 5.9 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 260 |
| No. of Tables | 125 |
| No. of Charts and Figures | 115 |
| Segment Covered | By Voltage. Type, and End User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Circuit Breaker Market Scope and Research Methodology
The Circuit Breaker Market is segmented by voltage, type, end-use, and Region, with a focus on major firms such as market leaders, followers, and new entrants. The report on Circuit Breaker market is an investor guide that provides a comprehensive picture of the competitive landscape of leading players in the Circuit Breaker Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
The report is a detailed analysis of the Circuit Breaker Market by country, regional and global presence. By collecting historical data pertaining to the industry, current and future trends in the Circuit Breaker Market are presented in the report along with growth rate and market size forecasts. Regional analysis of the Circuit Breaker market is conducted at local, regional and global levels for a better understanding of the market penetration, competitive structure, pricing and demand analysis. The report on Circuit Breaker Market covers the strategies followed by key players in the market and gives analysis on the basis of Circuit Breaker Market growth in the last few years in the industry which helps investors and major companies decide their investments and make data-driven decisions.
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The competitive analysis of the Circuit Breaker Market provides details of the goods and services, the company’s target market, the changes in consumer patterns during the forecast period and pricing analysis. Major manufacturers in the Circuit Breaker Market are listed by region, total market revenue, financial status, technological advancements adopted by the market players, and mergers & acquisitions. Data for analysis from the Circuit Breaker Market is collected by both primary and secondary research methods.
Circuit Breaker Market Overview
A Circuit Breaker is an electrical device designed to protect an electrical circuit from damage caused by excessive current. It interrupts the current flow to protect the equipment and to prevent the risk of fire. Circuit breakers are available in different sizes to protect low-current circuits and high-voltage circuits. The general function of circuit breakers is to remove power from a faculty system automatically often known as the OverCurrent Protection Device.
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Circuit Breaker Market Dynamics
Electrification initiatives in developing countries are running electrification programs, to help connect rural areas to the grid. Increasing availability of electricity in fast-paced infrastructure development, is leading to the availability of abundant electrical energy, which is the factor expected to drive the Circuit Breaker Market growth. Electrical networks in residential and commercial buildings and industries have become a mandatory part of electrical networks with the use of Circuit breakers. Heavy-load equipment requires an individual circuit breaker for safe and reliable operation. Increasing investment in power generation, from renewable energy sources to connect power generating stations to switch yards and electrical grid are the factors expected to drive the Circuit breaker market growth.
High competition from unorganized sector due to huge investment for the advancement in technology is expected to restrain the Circuit Breaker market growth. Strict environmental and safety regulations for SF6 circuit breaker are the restraining factor for the Circuit Breaker Market growth.
Circuit Breaker Market Regional Insight
The Asia-Pacific region held the largest Circuit Breaker Market share in 2021. China is the leader in power transmission and distribution, where it is primarily focused on developing transmission lines capable of transferring huge loads across long distance. Wind and Solar are the renewable energy initiatives rapidly developing and growing in China.
Europe and North America region are expected to witness significant growth in the Circuit Breaker Market during the forecast period. Modernization and automation of industries in the region is expected to influence the regional Circuit Breaker Market growth.
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Circuit Breaker Market Segmentation
By Voltage:
- High Voltage
- Medium Voltage
By Type:
- Indoor Circuit breaker
- Outdoor Circuit breaker
By End User:
- Transmission & Distribution Utilities
- Power Generation
- Renewables
- Railways
Circuit breaker Market Key Players include:
- ABB
- Siemens
- Eaton
- Mitsubishi
- Toshiba
- Fuji Electric
- TE connectivity
- L&T
- Powell
- Tavrida
- Schneider Electric
- CG Power and Industrial Solutions
- XIGAO Group
- LS ELECTRIC
- Huayi Electric
- Myers Power Products
- Meidensha
Key questions answered in the Circuit breaker Market are:
- What is Circuit Breaker?
- What was the Circuit Breaker market size in 2021?
- What is the expected Circuit Breaker market size by 2029?
- What is the growth rate of the Circuit Breaker Market?
- Which are the factors expected to drive the Circuit Breaker market growth?
- Which segment dominated the Circuit Breaker market?
- What is the demand pattern for the Circuit Breaker market?
- Which region held the largest share in the Circuit Breaker market?
- Who are the key players in the Circuit Breaker market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Voltage. Type, and End User and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Fault Circuit Indicator Market: The total market was worth USD 1.62 Bn in 2021 and overall revenue is expected to grow at a rate of 6 percent from 2022 to 2029, reaching almost USD 2.59 Bn. Increased expansion and formation of new smart grids, industrialization, and the installation and rearrangement of transmission lines is expected to drive market growth.
Printed Circuit Boards (PCBs) Market: The market size was valued at USD 11.35 Bn in 2021 and is expected to reach USD 14.72 Bn by 2029 at a CAGR of 3.30 percent during the forecast period of 2022-2029. Due to the growing demand for multi-functional systems, the PCB has become a significant factor in determining the functioning is the factor expected to drive the market growth.
Ground Fault Circuit Interrupter (GFCI) Market: The market size is expected to grow at a CAGR of 7.01 percent during the forecast period and is expected to reach USD 3.81 Bn by 2029. The increasing popularity of sensing technologies used in various applications and need for safeguarding the customer health are the factors expected to drive the market growth.
Multilayer Flexible Circuit Market: The total market size was USD 25.96 Bn in 2021 and is expected to reach USD 55.64 Bn by 2029, at a CAGR of 10 percent during the forecast period. Increasing requirements of multilayer flex circuits for shielding applications, power plane and ground applications are expected to drive the market growth.
Photonic Integrated Circuits (PIC) Market: The total market is expected to reach USD 4.72 Bn by 2029, at a CAGR of 17.7 percent during the forecast period. Proliferation of information and communication technology, reduction of telecommunication and network devices, and increasing demand for high bandwidth transmitting devices are expected to drive the market growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
