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Europe Circuit breaker Market Size - By Voltage (Low, Medium, High), By Installation (Indoor, Outdoor), By Application (Power Distribution, Power Transmission), By End Use (Residential, Commercial, Utility), Rated Voltage, Rated Current & Forecast, 2023 – 2032

  • Report ID: GMI7409
  • Published Date: Nov 2023
  • Report Format: PDF

Europe Circuit Breaker Market Size

Europe Circuit Breaker Market was valued at USD 3.3 billion in 2022 and is estimated to expand at 7.5% CAGR between 2023 and 2032. The increasing demand for reliable and efficient electricity distribution, coupled with the continuous expansion and modernization of power infrastructure, has stimulated the adoption of advanced circuit breaker technologies. Moreover, the growing emphasis on renewable energy sources and the integration of smart grid solutions have further propelled the market growth. In 2021, about 21% of the European Union's total energy consumption was derived from renewable sources, as indicated by Eurostat data.

Europe Circuit Breaker Market

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The escalating integration of renewable energy in Europe is anticipated to drive the expansion of the medium voltage switchgear market in the region. This is attributed to the pivotal role these systems play in the effective management and distribution of power generated from a variety of renewable sources. Additionally, stringent regulations and standards aimed at enhancing electrical safety have compelled industries and utilities to invest in state-of-the-art circuit breaker systems. The rise in industrial activities and urbanization, along with the need for grid stability and resilience, are also contributing to the market's expansion.

COVID-19 Impact

The COVID-19 pandemic disrupted the circuit breaker market in Europe, causing supply chain challenges and construction delays. Uncertainties in demand, labor shortages, and economic downturns led to a temporary setback, but the market is showing resilience with recovery driven by increased emphasis on digitalization, smart grid initiatives, and infrastructure development in the post-pandemic landscape.

Europe Circuit Breaker Market Trends

The Europe circuit breaker industry is undergoing dynamic transformations marked by several notable trends. The push towards renewable energy is reshaping circuit breaker designs to accommodate the unique demands of sources like solar and wind. The integration of digital technologies and IoT is turning circuit breakers into intelligent systems, enabling remote monitoring and predictive maintenance. As electric vehicle adoption rises, there is a heightened demand for specialized circuit breakers in charging infrastructure. Safety features, such as arc fault and ground fault protection, are gaining prominence to mitigate electrical hazards. Energy storage integration is driving the development of circuit breakers tailored for efficient battery operation.

The emphasis on compact and modular designs is fostering space-efficient solutions, crucial in environments with spatial constraints. Additionally, the market is witnessing a shift towards "green" circuit breakers, emphasizing sustainability in materials and manufacturing processes. These trends collectively illustrate the market's response to the evolving energy landscape, technological advancements, and a growing commitment to environmental sustainability.

Europe Circuit Breaker Market Analysis

Europe Circuit Breaker Market Size, by Voltage, 2021 - 2032, (USD Billion)

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Low voltage circuit breakers market across Europe was worth USD 2 billion in 2022 and is anticipated to reach USD 4.4 billion by 2032. The increasing demand for energy across diverse applications, including residential, commercial, and industrial sectors, has stimulated the need for efficient and reliable low voltage circuit breakers. The ongoing modernization of electrical infrastructure, coupled with the rising focus on safety and smart technologies, has propelled the adoption of advanced low voltage circuit breaker solutions.

Additionally, the growing trend of digitalization and the Internet of Things (IoT) integration in power distribution systems is influencing the development of smart low voltage circuit breakers with enhanced monitoring and control capabilities. As industries and consumers alike seek more sustainable and energy-efficient solutions, the low voltage circuit breaker market is poised for sustained growth, offering a vital component for the secure and efficient management of electricity in diverse applications across Europe.

Europe Circuit Breaker Market Revenue Share, By Rated Voltage, 2022

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Circuit breakers with a voltage rating of < 500V was worth over USD 1.1 billion in 2022 and is anticipated to surpass USD 2.5 billion by 2032. The Europe circuit breaker market is witnessing significant growth in the segment dedicated to circuit breakers with a rating of less than 500 V. This low voltage category is experiencing a surge in demand due to its widespread applicability across various sectors, including residential, commercial, and industrial settings. The escalating need for reliable and efficient circuit protection in these voltage ranges, coupled with the ongoing modernization of electrical infrastructure, is driving the adoption of advanced and technologically sophisticated low voltage circuit breakers.

In Europe, circuit breakers with a current rating of < 500A captured 30% market share in 2022 and is projected to grow at a CAGR of over 8% through 2032. The increasing emphasis on energy efficiency and the escalating demand for reliable power distribution in residential, commercial, and industrial sectors have propelled the adoption of circuit breakers with lower ampere ratings. These compact and versatile devices offer enhanced safety features and efficient protection against electrical overloads and short circuits.

Additionally, the surge in construction activities and infrastructure development across Europe has spurred the demand for smaller capacity circuit breakers, meeting the specific requirements of diverse applications. The market is further boosted by advancements in technology, such as smart circuit breakers, which contribute to improved monitoring, control, and integration within smart grid systems. As industries continue to prioritize safety and efficiency, the Europe circuit breaker market for devices below 500 amperes is poised for sustained growth in the foreseeable future.

In Europe, outdoor installations segment is projected to reach USD 3.8 billion by 2032. Outdoor installations eliminate the need for dedicated indoor spaces, optimizing land usage and reducing construction costs. This is particularly valuable in urban environments where space is at a premium. Additionally, outdoor circuit breakers are designed to withstand harsh weather conditions, ensuring robust performance and longevity. The accessibility and ease of maintenance in outdoor installations also enhance operational efficiency, as technicians can quickly address issues without disrupting indoor activities.

The Europe circuit breaker market has been experiencing significant growth, driven largely by the increasing demand and applications across power distribution systems. As the need for reliable and efficient power distribution continues to rise, circuit breakers play a crucial role in safeguarding electrical networks from overloads and faults. The application of circuit breakers in power distribution ensures the uninterrupted flow of electricity, preventing damage to equipment and ensuring the safety of the overall electrical infrastructure.

 France Circuit Breaker Market Size, 2021 - 2032, (USD Million)

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The France circuit breaker market is poised to register about 7% CAGR between 2023 and 2032. As the country continues to modernize its infrastructure and embrace technological advancements, there is a growing demand for reliable and efficient electrical distribution systems. The increasing focus on renewable energy sources and the transition towards a more sustainable energy landscape also contribute to the surge in demand for advanced circuit breakers capable of handling diverse power generation methods. Additionally, the rise in industrialization and urbanization in France necessitates robust electrical protection mechanisms, further fueling the market for circuit breakers.

Europe Circuit Breaker Market Share

ABB, a global leader in technology and industrial automation, has established a formidable presence in the European circuit breaker market, solidifying its market share through a combination of innovation, reliability, and a comprehensive product portfolio. ABB's cutting-edge circuit breaker solutions, ranging from traditional to smart and digital offerings, cater to the evolving needs of the European electrical infrastructure. Leveraging its reputation for delivering high-quality and technologically advanced products, ABB has secured the trust of customers and gained a competitive edge in the market. The company's commitment to sustainability, energy efficiency, and compliance with stringent industry standards aligns well with the growing emphasis on responsible and resilient electrical systems in Europe. ABB's strategic partnerships, efficient distribution networks, and a customer-centric approach further contribute to its market leadership, making it a key player shaping the landscape of the circuit breaker market in Europe.

Some of the key market players operating across the Europe circuit breaker industry are:

  • ABB
  • Mitsubishi Electric Corporation
  • Eaton Corporation
  • Toshiba International Corporation
  • Schneider Electric
  • CG Power & Industrial Solutions Ltd.
  • General Electric
  • Siemens Energy
  • WEG
  • LS ELECTRIC Co., Ltd
  • Powell Industries
  • Kirloskar Electric Company
  • Sensata Technologies, Inc.
  • alfanar Group
  • Weidmuller Ltd.
  • Iskra
  • ELMARK Holding
  • Noark Electricrope s.r.o.
  • TOSUNlux

Europe Circuit Breaker Market News

  • In February 2023, Mitsubishi Electric Corporation completed the acquisition of Scibreak AB, a Swedish firm specializing in Direct Current Circuit Breaker (DCCB) development. This strategic move aimed to harness the synergies between the two companies in the realm of circuit breaker technology, particularly in the creation of efficient solutions for High Voltage Direct Current (HVDC) networks. The collaborative effort focused on advancing solutions to facilitate the integration of renewable energy sources into the grid. This acquisition significantly enhanced Mitsubishi Electric's product portfolio, providing a broader array of solutions to customers and reinforcing its market presence on a global scale.
  • In July 2022, Eaton secured a funding injection of USD 1.2 million from the Regional Innovation Center for Electrical Engineering (RICE) at the University of West Bohemia. This financial support aimed to facilitate the optimization of digital circuit breakers by Eaton. The investment empowered the company to elevate its technological offerings, providing customers within the circuit breaker industry with advanced and improved products.

This Europe circuit breaker market research report includes an in-depth coverage of the industry with estimates & forecast in terms of units and revenue in ‘000 Units and USD Million from 2019 to 2032, for the following segments:

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Market, By Voltage

  • Low
    • ACB
    • MCB
    • MCCB
    • Others
  • Medium
    • ACB
    • VCB
    • GCB
    • Others
  • High
    • ACB
    • GCB
    • VCB
    • OCB

Market, By Rated Voltage

  • < 500 V
  • 500 V to 1 kV
  • 1 to 15 kV
  • 15 to 50 kV
  • 50 to 70 kV
  • 70 kV to 145 kV
  • 145 kV to 300 kV
  • 300 kV to 550 kV
  • 550 kV to 800 kV
  • > 800 kV

Market, By Rated Current

  • < 500 A
  • 500 to 1,500 A
  • 1,500 to 2,500 A
  • 2,500 to 4,500 A
  • > 4,500 A

Market, By Installation

  • Indoor
  • Outdoor

Market, By Application

  • Power Distribution
  • Power Transmission

Market, By End Use

  • Residential
  • Commercial
  • Industrial
  • Utility

The above information has been provided for the following countries:

  • France
  • Germany
  • Spain
  • Italy
  • UK
  • Austria
  • Netherlands
  • Sweden
  • Russia
  • Belgium
  • Denmark
  • Switzerland


Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of circuit breaker in Europe was surpassed USD 3.3 billion in 2022 and is estimated to expand at over 7.5% CAGR from 2023 to 2032, driven by the increasing demand for reliable and efficient electricity distribution coupled with the ongoing expansion and modernization of power infrastructure.

Europe low voltage circuit breakers market size exceeded USD 2 billion in 2022 and is projected to reach USD 4.4 billion by 2032, owing to the growing demand for energy across diverse applications, including residential, commercial, and industrial sectors.

France circuit breaker market is estimated to depict over 7% CAGR from 2023 to 2032 with continuous modernization of infrastructure in the region.

Some prominent circuit breaker firms in Europe include ABB, Mitsubishi Electric Corporation, Eaton Corporation, Toshiba International Corporation, Schneider Electric, CG Power & Industrial Solutions Ltd., Siemens Energy, and Kirloskar Electric Company.

Europe Circuit breaker Market Scope

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  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 1055
  • Countries covered: 14
  • Pages: 765
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