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Circuit Breaker Market Size

  • Report ID: GMI1172
  • Published Date: Apr 2023
  • Report Format: PDF

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Circuit Breaker Market Size

Circuit Breaker Market size surpassed USD 20.6 billion in 2023 and is anticipated to grow at 9.6% CAGR from 2024 to 2032, driven by the integration of sustainable energy infrastructure.

 

Refurbishment & retrofit of existing grid infrastructure is foreseen to propel market development on account of the adoption of advanced technologies across T&D networks that benefits operators in delivering reliable electricity through continuous communication across the equipment.

 

Circuit Breaker Market

Slow-paced technological evolution across developing regions may restrain industry progression

Although product awareness across the globe has favored the market, regional regulatory and geopolitical restraints have continuously been impeding circuit breaker market growth. The energy sector and the business dynamics can be severely impacted by unrest in several nations. This has hindered investments, interrupted supply chains, and caused political instability and hazards, which in turn, can have an impact on the health of local, regional, and even global energy markets. Nonetheless, increasing electricity demand may encourage company players to expand their businesses in different countries, overcoming this issue.

 

 

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of circuit breaker exceeded USD 20.6 billion in 2023 and will register 9.6% CAGR during 2024 to 2032, propelled by the rising investments to establish a sustainable electrical network.

Commercial circuit breaker industry size is anticipated to observe 9.5% growth between 2023 to 2032 owing to a considerable increase in energy consumption led by the increase in the population index and supportive electrification policies.

The North America circuit breaker sector is slated to reach over USD 8 billion by 2032, driven by increased spending on the development of long-distance distribution networks and the refurbishment of domestic distribution infrastructure in the region.

Major companies operating in the circuit breaker industry are ABB, Eaton Corporation, Mitsubishi Electric Corporation, Toshiba International Corporation, CG Power & Industrial Solutions Ltd., Schneider Electric, General Electric, Siemens Energy, WEG, Sensata Technologies, Inc, LS ELECTRIC Co., Ltd, and Powell Industries.

Circuit Breaker Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 2979
  • Countries covered: 32
  • Pages: 1685
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