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

North America Circuit Breaker Market Size

North America Circuit Breaker Market was valued at USD 3.8 billion in 2022 and is poised to witness 8% CAGR between 2023 and 2032. The increasing demand for reliable and uninterrupted power supply across residential, commercial, and industrial sectors is fueling the adoption of advanced circuit breaker technologies. The growing emphasis on upgrading and modernizing existing power infrastructure to enhance energy efficiency and meet stringent safety standards is also a significant driver.
 

Rising integration of renewable energy sources, such as solar and wind, into the power grid necessitates the deployment of sophisticated circuit breakers to manage the variability and ensure grid stability. Additionally, the expanding industrial sector, coupled with the rising investments in smart grid initiatives and digitalization, is contributing to the market's growth as these developments drive the need for more intelligent and automated circuit protection solutions.

COVID-19 Impact

The North America circuit breaker market experienced disruptions due to the COVID-19 pandemic, with supply chain challenges, project delays, and a temporary decline in construction activities. The lockdown measures and economic uncertainties led to a slowdown in new installations and investments. However, as industries adapted to remote working and recovery efforts gained momentum, there was a gradual rebound in demand. The increasing focus on resilient and reliable power infrastructure post-pandemic is expected to drive the market's recovery and growth, with a heightened emphasis on digitization and advanced technologies in circuit protection systems.
 

North America Circuit Breaker Market Trends

The North America circuit breaker industry is witnessing notable trends that are shaping its trajectory. One significant trend is the growing adoption of smart and digitalized circuit breakers, driven by the increasing emphasis on grid modernization and the integration of IoT technologies. Additionally, there is a rising demand for eco-friendly and energy-efficient circuit breakers, aligning with the broader sustainability goals across industries. The surge in renewable energy projects, such as solar and wind power, is also influencing the market, necessitating advanced circuit protection solutions.
 

The ongoing shift toward electric vehicles and the development of smart cities are further propelling innovations in circuit breaker technologies to accommodate evolving power distribution needs. These trends collectively reflect a dynamic landscape where technology integration, sustainability considerations, and evolving energy paradigms are key drivers of market evolution in North America.
 

North America Circuit Breaker Market Analysis

Low voltage circuit breakers market across North America was worth USD 1.9 billion in 2022 and is anticipated to reach USD 4.5 billion by 2032. The rising requirement for electricity across residential, commercial, and industrial sectors is driving the need for reliable and efficient low voltage circuit protection. As industries undergo digital transformation, there is a heightened emphasis on upgrading electrical infrastructure to accommodate advanced technologies, thereby boosting the demand for modern and intelligent low voltage circuit breakers. The market growth is also fueled by ongoing construction activities and infrastructure development projects.
 

The Circuit breakers with a voltage rating of < 500V was worth over USD 1.2 billion in 2022 and is predicted to surpass USD 2.9 billion by 2032. The increasing demand for data centers and the digital transformation of businesses are driving the necessity for reliable power distribution and backup systems. Low-voltage circuit breakers play a crucial role in ensuring uninterrupted operations within this context. The growing development of smart cities and infrastructure projects in response to urbanization and the emphasis on sustainable urban development requires advanced low-voltage circuit breakers to establish efficient and secure electrical networks.
 

In North America, circuit breakers with a current rating of < 500A captured about 29% market share in 2022 and is projected to grow at 8.5% CAGR till 2032. The demand is primarily fueled by construction in residential and commercial buildings, where these breakers play a vital role in distributing and safeguarding low-voltage circuits. Renovation and upgrades of existing structures contribute to the market, addressing the need for reliable circuit breakers in older electrical systems. These breakers also find application in smaller industrial settings, providing effective protection for equipment and circuits.
 

In North America, outdoor installations claim a substantial market share exceeding 60% in 2022, projected to reach over USD 5.5 billion by 2032. Within the competitive industrial landscape of the region, outdoor installation of circuit breakers maintains a dominant position. This leadership is driven by the expanding utility-based transmission network and the growing adoption of on-site generation technologies. The increasing prevalence of these systems, supported by the requisite infrastructure, serves as a primary catalyst for the rising demand for outdoor circuit breakers. Moreover, the preference for outdoor installations is reinforced by their lower risk of fault escalation and comparatively reduced initial capital expenses, contributing to the growing demand for these products in North America.
 

The North America circuit breaker market is poised for significant growth, driven by increased adoption in power distribution infrastructure, with an anticipated CAGR exceeding 8% up to 2032. Circuit breakers are widely recognized for their exceptional reliability and performance, making them the preferred choice for power distribution networks. Their capacity to rapidly and effectively interrupt fault currents ensures a consistent and reliable electricity supply, contributing to their high demand. These devices play a crucial role in promptly addressing issues such as short circuits and overloads within power distribution systems. By swiftly interrupting problematic circuits, circuit breakers safeguard the network from damage and prevent widespread power outages.
 

Circuit breaker technology is widely applied across diverse sectors in the North American region, spanning residential, commercial, industrial, and utility segments. Trends in the housing market significantly influence demand, with increased residential construction and renovation activities necessitating higher adoption of electrical components, including circuit breakers. Technological advancements, particularly in the realm of smart home technologies, contribute to the market's growth, as consumers seek more sophisticated and remotely controlled circuit protection systems.
 

The U.S. circuit breaker market is slated to register about 7.5% CAGR from 2023 to 2032, on account of the expanding construction and infrastructure development projects across residential, commercial, and industrial sectors, which contribute significantly to the increased demand for circuit breakers. The ongoing technological advancements, especially in smart grid systems and home automation, foster the adoption of advanced circuit protection solutions. The rising focus on renewable energy sources, such as solar and wind power, also fuels the need for circuit breakers capable of managing the intricacies of these energy systems.
 

Furthermore, a growing awareness of the importance of electrical safety and an increasing emphasis on regulatory compliance further propel the market forward, as consumers and industries alike seek reliable and innovative circuit breaker solutions to safeguard electrical infrastructure in the U.S.
 

North America Circuit Breaker Market Share

ABB maintains a dominant market share in the North American circuit breaker market, attributed to its extensive product range, technological prowess, and robust distribution network. Renowned for reliability, ABB's strategic collaborations and commitment to sustainability align with evolving industry needs. To verify the current market share, referring to recent market reports is recommended.
 

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

• ABB
• Mitsubishi Electric Corporation
• Eaton Corporation
• Toshiba International Corporation
• Schneider Electric
• CG Power & Industrial Solutions Ltd.
• General Electric
• Siemens Energy
• HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO., LTD.
• WEG
• LS ELECTRIC Co., Ltd
• Powell Industries
• Kirloskar Electric Company
• Sensata Technologies, Inc.
• alfanar Group
• NABCO
• Weidmuller Ltd.
   

North America Circuit Breaker Market News

• In May 2022, Schneider Electric launched a new series of EasyPact EXE vacuum circuit breakers with an enhanced thermal monitoring feature. The product connects building infrastructures, industrial plants, and large commercial buildings to the electricity grid. It comprises digital connectivity and additional IoT sensors to provide a simpler, safer & more sustainable customer experience for facility managers, panel builders, and Original Equipment Manufacturers (OEMs). It also builds on the original series' high electrical durability & reliability and reduces complexity while improving machine flexibility & reliability, thereby boosting safety and enabling panel manufacturers to offer additional services. This product upgrade strengthened the company’s presence across the circuit breaker industry.
   
• In January 2022, Eaton entered into a partnership with Samsung's SmartThings Energy platform, integrating its smart circuit breaker technology into Samsung's ecosystem. This collaboration allows users to optimize energy consumption throughout their homes by leveraging data from connected devices and systems. Eaton's smart circuit breakers enhance the platform's capacity to monitor energy usage from a variety of devices beyond Samsung's products. This strategic alliance has bolstered Eaton's position in the circuit breaker industry, showcasing its commitment to innovative solutions in the evolving landscape of connected home technologies.
   

This North America 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:

• U.S.
• Canada
• Mexico