Circuit Breaker Market Research Report and Growth Analysis 2022 by Voltage (High and Medium), Type (Outdoor circuit breaker and Indoor circuit breaker), End-Use (Transmission & Distribution, Power Generation, Renewables, Railways), and Region – Forecast till 2030
Circuit Breaker Market Overview
The Global Circuit Breaker Market is projected to be worth USD 12.45 Billion, registering a CAGR of 6.32% during the forecast period (2022-2030). The market was valued at USD 6.14 billion in 2021.
The demand for a circuit breaker is growing because of the rising need for safe operation and high reliability of sub-station equipment. However, several reasons contribute to the Circuit Breaker Market growth, including rising investments in the renewable power industry and high demands for power in the residential, industrial and commercial sectors.
At present, the circuit breaker market witnesses compact circuit breakers requiring negligible maintenance as compared to previous technologies. Circuit breaker are preferable to control high, medium, and low-voltage transmission systems and offers various types such as High Voltage Circuit Breaker (HVCB) Low Voltage Circuit Breaker (LVCB), and Medium Voltage Circuit Breaker (MVCB). These cater to the demand of electronic equipment, non-residential and residential building constructions, automotive and electrical equipment as well as non-automotive transportation equipment.
Circuit Breaker Market Top Players Listed:
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Circuit Breaker Market Segmentation
According to the global Circuit Breaker Market report, this market is segmented based on type, end-users, and voltage.
Circuit Breaker Market Regional Analysis
Regionally, the global Circuit Breaker Market has been spread across Asia-Pacific, North America, Europe, and the rest of the world.
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