Drivers: Global Circuit Breaker Market
- Rapidly growing construction sector
- Increasing access of electricity particularly in emerging nations
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Restraint: Threat of substitute for the global market, such as fuse
Opportunity: Growing influx of smart city initiative across the globe
Challenge: Older power infrastructure
Market Trends: Global circuit breaker market is segmented into seven notable segments which are product type, voltage range, rated current, location, external design and end user.
- On the basis of product type, the market is segmented into low voltage circuit breaker and high voltage circuit breaker.
- On the basis of external design, the market is segmented into live tank and dead tank. The live tank segment is expected to grow at the highest CAGR in the forecast period of 2019 to 2026.
- On the basis of location type, the market is segmented into indoor and outdoor.
- On the basis of voltage range, the market is segmented into less than 500V, 500V to 1KV, 1KV to 15KV, 15KV to 50KV, 50KV to 150KV, 150KV to 300KV, 300KV to 800KV and > 800 KV.
- On the basis of rated current, the market is segmented into less than 500 A, 500 A to 1500 A, 1500 A TO 2500 A, 2500A to 4500 A and > 4500 A.
- On the basis of operating mechanism, the market is segmented into spring operated circuit breaker, hydraulic circuit breaker, pneumatic circuit breaker and others.
- On the basis of end user, the market is segmented into industrial, utility, commercial, automotive, residential and others.
Major Players: Global Circuit Breaker Market
Some of the major players operating in this market are ABB, Siemens, Schneider Electric, Mitsubishi Electric Corporation, Efacec, Eaton, TOSHIBA INTERNATIONAL CORPORATION, Fuji Electric Co, TE Connectivity Ltd., Honeywell International, Inc., Panasonic Corporation, Powell Industries Carling Technologies, CG Power and Industrial Solutions Ltd, LARSEN & TOUBRO LIMITED, MAXWELL TECHNOLOGIES, INC., HAWKER SIDDELEY SWITCHGEAR, INDUSTRIAL ELECTRIC MFG, ETA Elektrotechnische Apparate GmbH, Andeli Group Co.,Ltd, Hitachi Industrial Equipment Systems Co.,Ltd, Tavrida Electric, Terasaki Electric Co.,Ltd, Yueqing Feeo Electric Co., Ltd and others.
