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Circuit Breaker Market by Insulation Type, Voltage, Installation, End User and Region - Global Forecast to 2025

Circuit Breaker Market by Insulation Type, Voltage, Installation, End User and Region - Global Forecast to 2025

  • January 2021
  • 219 pages
  • ID: 2907646
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

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The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure power supply worldwide; increasing capacity additions and enhancements for T&D networks; and accelerating investments in railways sectors.

The gas circuit breaker segment is expected to hold the largest share of the circuit breaker market, by insulation type, during the forecast period.
The gas circuit breakers segment is estimated to lead the circuit breaker market during the forecast period.The market for a gas circuit breaker is driven by high dielectric property and less space requirement.

The Asia Pacific is estimated to hold the largest share of the gas circuit breakers market, followed by Europe because of increasing investments in renewable energy resulting in the demand for the upgrades of the existing substations or the installation of new ones are expected to drive the market for SF6-based gas-insulated switchgear.

Asia Pacific: The fastest-growing market for circuit breaker.

The Asia Pacific is the fastest-growing market for circuit breakers, followed by Europe, and North America.The growth of this region is driven by increasing T&D network expansion and industrialization projects in countries such as China, Japan, and South Korea.

For instance, The State Grid Corporation of China (SGCC) plans to invest USD 250 billion in electric power infrastructure upgrade, out of which USD 45 billion are planned to be invested in smart grids between 2018 and 2020. Korea Electric Power Corp. (KEPCO) of South Korea also plans to invest
USD 7.18 billion for nationwide smart grid infrastructure, which is to be completed by 2030. All these investments are likely to create demand for circuit breakers in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 65%, Tier 2- 24%, Tier 3- 11%
• By Designation: C-Level- 30%, D-Level- 25%, Others- 45%

By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, Middle East & Africa- 8%, , and South America- 12%
Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = The key players in the circuit breaker market include companies such as ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland).

Study Coverage:
The report provides a complete view of the circuit breaker market across regions.It aims at estimating the market size and future growth potential of the market across different segments such as insulation type, voltage, installation, end user, and region.

Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
The market has been segmented based on insulation type, voltage, installation, end user, and region, with a focus on industry analysis (industry trends). The market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the circuit breaker market.

Key Benefits of Buying the Report
1. The report identifies and addresses the types of circuit breaker that are essential for the efficient operation
2. The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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