Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End-User (Transmission & Distribution Utilities, Power Generation, Renewables, & Railways) and Region - Global Forecast to 2028

Abstract
The circuit breaker market is expected to experience significant growth, with its size expanding from approximately USD 6.5 billion in 2023 to about USD 8.6 billion by 2028. This represents a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2028. Several factors are driving this growth, including the increasing investments in power generation, particularly in renewable energy sources. There is also a growing global demand for dependable and secure power supply, leading to the expansion and improvement of transmission and distribution networks. Furthermore, the railway sector is witnessing accelerated investments, further contributing to the growth of the circuit breaker market.

“The gas circuit breaker segment is expected to hold the largest share of the circuit breaker market, by insulation type, during the forecast period.”

During the projected timeframe, the gas circuit breakers segment is expected to dominate the circuit breaker market. This dominance is attributed to the favorable characteristics of gas circuit breakers, such as their high dielectric property and space-saving benefits. The Asia Pacific region is anticipated to hold the largest market share for gas circuit breakers, closely followed by Europe. The growing investments in renewable energy sources in these regions are driving the demand for upgrades to existing substations or the installation of new ones, specifically in SF6-based gas-insulated switchgear, thus stimulating the market for gas circuit breakers.

“T&D Utilities: The largest- growing segment of the circuit breaker market”

The industrial segment is expected to exhibit the highest growth rate in the circuit breaker market from 2023 to 2028, based on its application. The rising demand for electrical power has resulted in increased investments in transmission and distribution infrastructure. Modern substations serve as data hubs, necessitating the efficient filtering, analysis, and response to the data. Consequently, companies are focusing on integrating smart utility solutions to enhance protection and reduce energy losses caused by inefficient traditional equipment operation.

The integration of sensors in circuit breakers offers several benefits, including power quality measurements, reduced interruptions, protection of secondary equipment, simplified and safe maintenance, remote monitoring and control, and minimized use of valuable raw materials. Among the end-user segments, the transmission and distribution (T&D) sector is experiencing the highest growth rate in the global circuit breaker market. This can be attributed to the replacement of aging infrastructure in power utilities and the growing demand for electricity.

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

The Asia Pacific region is experiencing rapid growth in the circuit breaker market, followed by Europe and North America. This growth can be attributed to the increasing expansion of transmission and distribution networks and industrialization projects in countries such as China, Japan, and South Korea. For example, the State Grid Corporation of China (SGCC) has outlined plans to invest USD 250 billion in upgrading electric power infrastructure, with USD 45 billion allocated specifically for smart grids between 2018 and 2020. Similarly, Korea Electric Power Corp. (KEPCO) in South Korea has planned a USD 7.18 billion investment for the development of a nationwide smart grid infrastructure by 2030. These substantial investments are expected to drive the demand for circuit breakers in the Asia Pacific region.

Breakdown of Primaries:
Primary interviews were conducted with a diverse range of key industry participants, subject-matter experts, C-level executives from key market players, industry consultants, and other relevant experts. These interviews were carried out to gather and verify crucial qualitative and quantitative information, as well as to evaluate the future prospects of the market.

The distribution of these 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).

Research Coverage:
The report offers a comprehensive overview of the circuit breaker market, covering various regions. Its objective is to estimate the market size and assess the potential for future growth across different segments, including insulation type, voltage, installation, end user, and region. Additionally, the report includes a detailed competitive analysis of key players in the market, featuring 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 analyzing industry trends. The report also provides market share analysis of the top players, supply chain analysis, and company profiles, collectively providing insights into the competitive landscape and emerging high-growth segments within the circuit breaker market.

Key Benefits of Buying the Report
The report is designed to assist leaders and new entrants in the circuit breaker market by providing them with reliable revenue estimates for the overall market as well as its sub-segments. This information will enable stakeholders to understand the competitive landscape and gain valuable insights to effectively position their businesses and develop suitable go-to-market strategies. Furthermore, the report helps stakeholders comprehend the current state of the market and provides key information on market drivers, restraints, challenges, and opportunities. By understanding these factors, stakeholders can make informed decisions and stay attuned to market dynamics in the circuit breaker industry.

•Analysis of key drivers (increasing investments in renewable energy-based power generation, expanding t&d network capacity additions and improvements, fortifying the infrastructure for power distribution, more money being invested in industrial production), restraints (regulations that limit the emissions of SF6 gas and competition from the unorganised sector), opportunities (Increasing use of high-voltage direct current systems, the digitalization of emerging smart technologies, the need to replace ageing grid infrastructure, and the requirement for dependable T&D networks are all factors), and challenges (High temperature, arc flashing, and overpressure during operation are risks, as is the installation of modernised circuit breakers) influencing the growth of the ac circuit breaker market.

•Product Development/ Innovation: The circuit breaker market is poised for a promising future, as evidenced by recent developments such as Mitsubishi Electric's acquisition of Scibreak AB. On February 16, Mitsubishi Electric announced its complete acquisition of Scibreak AB, a Swedish company specializing in the development of DC circuit breakers (DCCBs). This strategic move aims to enhance the competitiveness of both companies by fostering close collaboration in the advancement of DCCB technologies for high-voltage direct current (HVDC) systems. This joint effort aligns with the growing global deployment of renewable energy sources and underscores the industry's commitment to supporting the expansion of HVDC systems.

•Market Development: The expansion of power distribution networks can be attributed to several factors, including the rise in per capita income, the growth of the middle-class population, increasing urbanization, and improved access to electricity in remote areas. In some developing countries, rural electrification initiatives are prioritizing distributed power generation over reliance on large national grids. For example, the Indian Government is actively working towards enhancing power supply in villages through initiatives like the Restructured Accelerated Power Development and Reforms Program (R-APDRP) and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY). These schemes present significant opportunities for the circuit breaker market to contribute to the development of robust and reliable power infrastructure.

•Market Diversification: Mitsubishi Electric specializes in offering technologically advanced and integrated products, with a particular emphasis on high-voltage circuit breakers. Recently, the company achieved a significant milestone as its 160 KV high-voltage circuit breaker prototype successfully passed the DC interruption test conducted as part of a research project by the European Commission. This achievement highlights Mitsubishi Electric's commitment to innovation and its ability to deliver reliable solutions in the field of circuit breakers. Furthermore, the company places a strong focus on investments and expansion as key strategies to enhance its market presence. By investing in research and development, Mitsubishi Electric aims to stay at the forefront of technological advancements in the circuit breaker industry. Additionally, the company's expansion efforts aim to penetrate new markets and strengthen its global footprint, further solidifying its position in the market.

•Competitive Assessment: A comprehensive evaluation has been conducted to analyze the market shares, growth strategies, and service offerings of prominent players in the circuit breaker market, including Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), and Mitsubishi Electric (Japan), among others. The assessment provides in-depth insights into the market position of these key players, their strategies for driving growth, and the range of services they offer in the circuit breaker segment.

Content
Table of Contents

1INTRODUCTION40
1.1STUDY OBJECTIVES40
1.2MARKET DEFINITION40
1.2.1CIRCUIT BREAKER MARKET, BY VOLTAGE: INCLUSIONS AND EXCLUSIONS41
1.2.2CIRCUIT BREAKER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS41
1.3MARKET SCOPE41
1.3.1MARKET SEGMENTATION41
1.3.2REGIONAL SCOPE42
1.4YEARS CONSIDERED42
1.5CURRENCY CONSIDERED43
1.6LIMITATIONS43
1.7STAKEHOLDERS43
1.8SUMMARY OF CHANGES44
2RESEARCH METHODOLOGY45
2.1RESEARCH DATA45
FIGURE 1CIRCUIT BREAKER MARKET: RESEARCH DESIGN45
2.2MARKET BREAKDOWN AND DATA TRIANGULATION46
FIGURE 2DATA TRIANGULATION METHODOLOGY46
2.2.1SECONDARY DATA47
2.2.1.1Key data from secondary sources47
2.2.2PRIMARY DATA47
2.2.2.1Key data from primary sources48
2.2.2.2Breakdown of primaries48
2.3SCOPE49
FIGURE 3METRICS CONSIDERED WHILE ASSESSING DEMAND FOR CIRCUIT BREAKERS49
2.4MARKET SIZE ESTIMATION50
2.4.1DEMAND-SIDE ANALYSIS50
FIGURE 4CIRCUIT BREAKER MARKET: INDUSTRY- AND REGION-/COUNTRY-WISE ANALYSIS50
2.4.1.1Calculations for demand-side analysis51
2.4.1.2Assumptions for demand-side analysis51
2.4.2SUPPLY-SIDE ANALYSIS52
FIGURE 5KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF CIRCUIT BREAKERS52
FIGURE 6CIRCUIT BREAKER MARKET: SUPPLY-SIDE ANALYSIS53
2.4.2.1Calculations for supply-side analysis53
2.4.2.2Assumptions for supply-side analysis53
FIGURE 7COMPANY REVENUE ANALYSIS, 202254
2.4.3FORECAST ANALYSIS54
3EXECUTIVE SUMMARY55
TABLE 1CIRCUIT BREAKER MARKET SNAPSHOT55
FIGURE 8ASIA PACIFIC DOMINATED CIRCUIT BREAKER MARKET IN 202256
FIGURE 9GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CIRCUIT BREAKER MARKET, BY INSULATION TYPE, DURING FORECAST PERIOD57
FIGURE 10HIGH-VOLTAGE CIRCUIT BREAKERS TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD57
FIGURE 11OUTDOOR SEGMENT TO CAPTURE LARGER SHARE OF CIRCUIT BREAKER MARKET, BY INSTALLATION, DURING FORECAST PERIOD58
FIGURE 12T&D UTILITIES TO LEAD CIRCUIT BREAKER MARKET, BY END USER, DURING FORECAST PERIOD59
4PREMIUM INSIGHTS60
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CIRCUIT BREAKER MARKET60
FIGURE 13RISING INCLINATION TOWARD RENEWABLE ENERGY SOURCES TO BOOST DEMAND FOR CIRCUIT BREAKERS60
4.2CIRCUIT BREAKER MARKET, BY REGION61
FIGURE 14CIRCUIT BREAKER MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD61
4.3CIRCUIT BREAKER MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY62
FIGURE 15T&D UTILITIES AND CHINA DOMINATED CIRCUIT BREAKER MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY, RESPECTIVELY, IN 202262
4.4CIRCUIT BREAKER MARKET, BY INSTALLATION, 202262
FIGURE 16OUTDOOR SEGMENT TO DOMINATE CIRCUIT BREAKER MARKET, BY INSTALLATION, IN 202862
4.5CIRCUIT BREAKER MARKET, BY VOLTAGE, 202263
FIGURE 17HIGH VOLTAGE SEGMENT TO CAPTURE LARGER SHARE OF CIRCUIT BREAKER MARKET, BY VOLTAGE, IN 202863
4.6CIRCUIT BREAKER MARKET, BY END USER, 202263
FIGURE 18T&D UTILITIES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF CIRCUIT BREAKER MARKET, BY END USER, IN 202863
5MARKET OVERVIEW64
5.1INTRODUCTION64
5.2MARKET DYNAMICS65
FIGURE 19CIRCUIT BREAKER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES65
5.2.1DRIVERS65
5.2.1.1Increasing investments in power generation using renewable energy sources65
FIGURE 20GLOBAL INVESTMENTS IN POWER SECTOR, BY TECHNOLOGY, 2019–202266
FIGURE 21POWER GENERATION CAPACITY, BY RENEWABLE SOURCE (TERAWATT-HOURS)67
5.2.1.2Rising global demand for reliable and secure power supply68
5.2.1.3Growing focus of developing countries on modifying and upgrading existing T&D infrastructure68
FIGURE 22GLOBAL T&D INVESTMENTS, 2019–2022 (USD BILLION)69
FIGURE 23REGION-WISE T&D INVESTMENTS, 2022 (%)69
5.2.1.4Rising deployment of modern train control systems to enhance safety69
5.2.2RESTRAINTS70
5.2.2.1Stringent environmental and safety regulations for SF6 circuit breakers70
5.2.2.2Availability of low-cost products by local players from unorganized sector70
5.2.3OPPORTUNITIES70
5.2.3.1Increasing adoption of smart grid technologies to protect and control power equipment70
FIGURE 24GLOBAL INVESTMENTS IN SMART GRIDS, BY TECHNOLOGY, 2016–2021 (USD BILLION)71
5.2.3.2Pressing need to replace aging grid infrastructure and build reliable T&D networks71
5.2.4CHALLENGES72
5.2.4.1Risk of cyberattacks on modern circuit breakers72
5.3TRENDS72
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR CIRCUIT BREAKER MANUFACTURERS72
FIGURE 25REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN CIRCUIT BREAKER MARKET73
5.4AVERAGE SELLING PRICE73
FIGURE 26AVERAGE SELLING PRICE, 2020–202373
5.5ECOSYSTEM MAPPING74
FIGURE 27MARKET MAP FOR CIRCUIT BREAKERS74
5.6TRADE DATA STATISTICS74
TABLE 2COUNTRY-WISE EXPORT DATA, 2021 AND 2022 (USD MILLION)74
TABLE 3COUNTRY-WISE IMPORT DATA, 2021 AND 2022 (USD MILLION)75
5.7VALUE CHAIN ANALYSIS77
FIGURE 28CIRCUIT BREAKER VALUE CHAIN ANALYSIS77
5.7.1RAW MATERIAL PROVIDERS/SUPPLIERS77
5.7.2COMPONENT MANUFACTURERS77
5.7.3ASSEMBLERS/MANUFACTURERS78
5.7.4DISTRIBUTORS (BUYERS)/END USERS AND POST-SALES SERVICE PROVIDERS78
5.8TECHNOLOGY ANALYSIS78
5.8.1CIRCUIT BREAKER TECHNOLOGY TRENDS78
5.9CIRCUIT BREAKER: CODES AND REGULATIONS79
5.10INNOVATIONS AND PATENT REGISTRATION80
5.11CASE STUDY ANALYSIS86
5.11.1CIRCUIT BREAKERS FOR ENERGY MARKET86
5.11.1.1ABB introduced HVDC circuit breaker to balance loads and boost grid reliability86
6CIRCUIT BREAKER MARKET, BY INSULATION TYPE87
6.1INTRODUCTION88
FIGURE 29CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 202288
TABLE 4CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)88
TABLE 5CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)89
6.2VACUUM89
6.2.1ENVIRONMENTALLY FRIENDLY AND LONG SERVICE LIFE FEATURES OF VACUUM-INSULATED CIRCUIT BREAKERS TO ACCELERATE SEGMENTAL GROWTH89
TABLE 6VACUUM: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)90
TABLE 7VACUUM: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)90
6.3AIR91
6.3.1RISING ADOPTION OF AIR-INSULATED CIRCUIT BREAKERS TO PROTECT POWER LINES TO BOOST SEGMENTAL GROWTH91
TABLE 8AIR: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)91
TABLE 9AIR: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)92
6.4GAS92
6.4.1HIGH DIELECTRIC PROPERTIES, COMPACT SIZE, AND EASY MAINTENANCE TO FUEL ADOPTION OF GAS-INSULATED CIRCUIT BREAKERS92
TABLE 10GAS: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)93
TABLE 11GAS: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)93
6.5OIL93
6.5.1HIGH DIELECTRIC STRENGTH, RUGGEDNESS, AND ABILITY TO WITHSTAND HIGH CURRENTS TO BOOST DEMAND FOR OIL-INSULATED CIRCUIT BREAKERS93
TABLE 12OIL: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)94
TABLE 13OIL: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)94
7CIRCUIT BREAKER MARKET, BY INSTALLATION95
7.1INTRODUCTION96
FIGURE 30CIRCUIT BREAKER MARKET, BY INSTALLATION, 202296
TABLE 14CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)96
TABLE 15CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)96
7.2INDOOR97
7.2.1RAPID EXPANSION OF INDUSTRIAL AND COMMERCIAL SECTORS IN DEVELOPING COUNTRIES TO DRIVE MARKET97
TABLE 16INDOOR: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)97
TABLE 17INDOOR: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)98
7.3OUTDOOR98
7.3.1WIDESPREAD DEPLOYMENT OF WIND AND SOLAR PLANTS TO BOOST DEMAND FOR CIRCUIT BREAKERS98
TABLE 18OUTDOOR: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)99
TABLE 19OUTDOOR: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)99
8CIRCUIT BREAKER MARKET, BY END USER100
8.1INTRODUCTION101
FIGURE 31CIRCUIT BREAKER MARKET, BY END USER, 2022101
TABLE 20CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)101
TABLE 21CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)102
8.2T&D UTILITIES102
8.2.1URGENT NEED TO REPLACE AGING ELECTRIC GRID INFRASTRUCTURE TO BOOST DEMAND FOR CIRCUIT BREAKERS102
TABLE 22T&D UTILITIES: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)103
TABLE 23T&D UTILITIES: CIRCUIT BREAKER MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)103
8.3POWER GENERATION PLANTS104
8.3.1INCREASED FOCUS ON ENHANCING SAFETY AND RELIABILITY OF POWER PLANTS TO BOOST DEMAND FOR CIRCUIT BREAKERS104
TABLE 24POWER GENERATION PLANTS: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)104
TABLE 25POWER GENERATION PLANTS: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)104
8.4RENEWABLES105
8.4.1SIGNIFICANT INVESTMENTS IN DEVELOPMENT AND DEPLOYMENT OF RENEWABLE ENERGY SOURCES TO ACCELERATE MARKET GROWTH105
TABLE 26RENEWABLES: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)105
TABLE 27RENEWABLES: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)105
8.5RAILWAYS106
8.5.1HIGH ADOPTION OF RAILWAY ELECTRIFICATION SYSTEMS TO BOOST DEMAND FOR CIRCUIT BREAKERS106
TABLE 28RAILWAYS: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)107
TABLE 29RAILWAYS: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)107
9CIRCUIT BREAKER MARKET, BY VOLTAGE108
9.1INTRODUCTION109
FIGURE 32CIRCUIT BREAKER MARKET, BY VOLTAGE, 2022109
TABLE 30CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)109
TABLE 31CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)110
9.2MEDIUM110
9.2.1HIGHER RELIABILITY AND PROTECTION OFFERED BY MEDIUM-VOLTAGE CIRCUIT BREAKERS TO BOOST SEGMENTAL GROWTH110
TABLE 32MEDIUM: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)111
TABLE 33MEDIUM: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)111
9.3HIGH112
9.3.1INCREASING INVESTMENTS IN ELECTRICAL TRANSMISSION NETWORKS TO BOOST DEMAND FOR HIGH-VOLTAGE CIRCUIT BREAKERS112
TABLE 34HIGH: CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)112
TABLE 35HIGH: CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)113
10CIRCUIT BREAKER MARKET, BY REGION114
10.1INTRODUCTION115
FIGURE 33ASIA PACIFIC TO RECORD HIGHEST CAGR IN CIRCUIT BREAKER MARKET DURING FORECAST PERIOD115
FIGURE 34CIRCUIT BREAKER MARKET SHARE (IN TERMS OF VALUE), BY REGION, 2022115
TABLE 36CIRCUIT BREAKER MARKET, BY REGION, 2020–2022 (USD MILLION)116
TABLE 37CIRCUIT BREAKER MARKET, BY REGION, 2023–2028 (USD MILLION)116
10.2ASIA PACIFIC116
FIGURE 35ASIA PACIFIC: MARKET SNAPSHOT117
10.2.1IMPORT AND EXPORT DATA118
TABLE 38ASIA PACIFIC: IMPORT & EXPORT DATA FOR CIRCUIT BREAKER MARKET, 2019–2022 (USD MILLION)118
10.2.2BY INSULATION TYPE118
TABLE 39ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)118
TABLE 40ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)118
10.2.3BY VOLTAGE119
TABLE 41ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)119
TABLE 42ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)119
10.2.4BY INSTALLATION119
TABLE 43ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)119
TABLE 44ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)119
10.2.5BY END USER120
TABLE 45ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)120
TABLE 46ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)120
10.2.6BY COUNTRY120
TABLE 47ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)120
TABLE 48ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)121
10.2.6.1China121
10.2.6.1.1Increasing focus on developing transmission lines due to rapid urbanization to drive market121
10.2.6.2By insulation type122
TABLE 49CHINA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)122
TABLE 50CHINA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)122
10.2.6.3By voltage122
TABLE 51CHINA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)122
TABLE 52CHINA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)122
10.2.6.4By installation123
TABLE 53CHINA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)123
TABLE 54CHINA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)123
10.2.6.5By end user123
TABLE 55CHINA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)123
TABLE 56CHINA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)123
10.2.6.6Japan124
10.2.6.6.1Growing emphasis on rebuilding power grids and substations to boost demand for circuit breakers124
10.2.6.7By insulation type125
TABLE 57JAPAN: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)125
TABLE 58JAPAN: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)125
10.2.6.8By voltage125
TABLE 59JAPAN: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)125
TABLE 60JAPAN: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)125
10.2.6.9By installation126
TABLE 61JAPAN: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)126
TABLE 62JAPAN: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)126
10.2.6.10By end user126
TABLE 63JAPAN: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)126
TABLE 64JAPAN: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)126
10.2.6.11India127
10.2.6.11.1Increasing investments in infrastructure development projects to create opportunities for circuit breaker providers127
10.2.6.12By insulation type128
TABLE 65INDIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)128
TABLE 66INDIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)128
10.2.6.13By voltage128
TABLE 67INDIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)128
TABLE 68INDIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)128
10.2.6.14By installation129
TABLE 69INDIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)129
TABLE 70INDIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)129
10.2.6.15By end user129
TABLE 71INDIA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)129
TABLE 72INDIA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)129
10.2.6.16South Korea130
10.2.6.16.1Government initiatives toward renewable power generation to accelerate market growth130
10.2.6.17By insulation type131
TABLE 73SOUTH KOREA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)131
TABLE 74SOUTH KOREA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)131
10.2.6.18By voltage131
TABLE 75SOUTH KOREA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)131
TABLE 76SOUTH KOREA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)131
10.2.6.19By installation132
TABLE 77SOUTH KOREA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)132
TABLE 78SOUTH KOREA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)132
10.2.6.20By end user132
TABLE 79SOUTH KOREA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)132
TABLE 80SOUTH KOREA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)132
10.2.6.21Australia133
10.2.6.21.1Increasing number of renewable power generation projects to drive demand for circuit breakers133
10.2.6.22By insulation type133
TABLE 81AUSTRALIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)133
TABLE 82AUSTRALIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)134
10.2.6.23By voltage134
TABLE 83AUSTRALIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)134
TABLE 84AUSTRALIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)134
10.2.6.24By installation134
TABLE 85AUSTRALIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)134
TABLE 86AUSTRALIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)135
10.2.6.25By end user135
TABLE 87AUSTRALIA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)135
TABLE 88AUSTRALIA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)135
10.2.6.26Rest of Asia Pacific135
10.2.6.27By insulation type136
TABLE 89REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)136
TABLE 90REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)136
10.2.6.28By voltage137
TABLE 91REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)137
TABLE 92REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)137
10.2.6.29By installation137
TABLE 93REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)137
TABLE 94REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)137
10.2.6.30By end user138
TABLE 95REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)138
TABLE 96REST OF ASIA PACIFIC: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)138
10.3EUROPE139
FIGURE 36EUROPE: MARKET SNAPSHOT140
10.3.1IMPORT AND EXPORT DATA140
TABLE 97EUROPE: IMPORT & EXPORT DATA FOR CIRCUIT BREAKER MARKET, 2019–2022 (USD MILLION)140
10.3.2BY INSULATION TYPE141
TABLE 98EUROPE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)141
TABLE 99EUROPE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)141
10.3.3BY VOLTAGE141
TABLE 100EUROPE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)141
TABLE 101EUROPE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)141
10.3.4BY INSTALLATION142
TABLE 102EUROPE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)142
TABLE 103EUROPE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)142
10.3.5BY END USER142
TABLE 104EUROPE: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)142
TABLE 105EUROPE: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)142
10.3.6BY COUNTRY143
TABLE 106EUROPE: CIRCUIT BREAKER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)143
TABLE 107EUROPE: CIRCUIT BREAKER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)143
10.3.6.1Germany143
10.3.6.1.1Significant growth in renewable sector to drive market143
10.3.6.2By insulation type144
TABLE 108GERMANY: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)144
TABLE 109GERMANY: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)144
10.3.6.3By voltage144
TABLE 110GERMANY: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)144
TABLE 111GERMANY: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)145
10.3.6.4By installation145
TABLE 112GERMANY: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)145
TABLE 113GERMANY: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)145
10.3.6.5By end user145
TABLE 114GERMANY: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)145
TABLE 115GERMANY: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)146
10.3.6.6France146
10.3.6.6.1Growing focus on expansion of renewable power sources to present opportunities to circuit breaker vendors146
10.3.6.7By insulation type147
TABLE 116FRANCE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)147
TABLE 117FRANCE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)147
10.3.6.8By voltage147
TABLE 118FRANCE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)147
TABLE 119FRANCE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)147
10.3.6.9By installation148
TABLE 120FRANCE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)148
TABLE 121FRANCE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)148
10.3.6.10By end user148
TABLE 122FRANCE: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)148
TABLE 123FRANCE: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)148
10.3.6.11UK149
10.3.6.11.1Rapid transition to cleaner energy sources to drive market149
10.3.6.12By insulation type150
TABLE 124UK: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)150
TABLE 125UK: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)150
10.3.6.13By voltage150
TABLE 126UK: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)150
TABLE 127UK: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)150
10.3.6.14By installation151
TABLE 128UK: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)151
TABLE 129UK: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)151
10.3.6.15By end user151
TABLE 130UK: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)151
TABLE 131UK: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)151
10.3.6.16Russia152
10.3.6.16.1Rising investments in T&D sector and power plant infrastructure development to boost demand for circuit breakers152
10.3.6.17By insulation type152
TABLE 132RUSSIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)152
TABLE 133RUSSIA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)152
10.3.6.18By voltage153
TABLE 134RUSSIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)153
TABLE 135RUSSIA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)153
10.3.6.19By installation153
TABLE 136RUSSIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)153
TABLE 137RUSSIA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)153
10.3.6.20By end user154
TABLE 138RUSSIA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)154
TABLE 139RUSSIA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)154
10.3.6.21Italy154
10.3.6.21.1Government initiatives toward green energy to stimulate demand for circuit breakers154
10.3.6.22By insulation type155
TABLE 140ITALY: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)155
TABLE 141ITALY: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)155
10.3.6.23By voltage155
TABLE 142ITALY: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)155
TABLE 143ITALY: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)155
10.3.6.24By installation156
TABLE 144ITALY: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)156
TABLE 145ITALY: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)156
10.3.6.25By end user156
TABLE 146ITALY: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)156
TABLE 147ITALY: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)156
10.3.6.26Rest of Europe157
10.3.6.27By insulation type157
TABLE 148REST OF EUROPE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)157
TABLE 149REST OF EUROPE: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)158
10.3.6.28By voltage158
TABLE 150REST OF EUROPE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)158
TABLE 151REST OF EUROPE: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)158
10.3.6.29By installation158
TABLE 152REST OF EUROPE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)158
TABLE 153REST OF EUROPE: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)159
10.3.6.30By end user159
TABLE 154REST OF EUROPE: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)159
TABLE 155REST OF EUROPE: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)159
10.4NORTH AMERICA160
10.4.1IMPORT AND EXPORT DATA160
TABLE 156NORTH AMERICA: IMPORT & EXPORT DATA FOR CIRCUIT BREAKER MARKET, 2019–2022 (USD MILLION)160
10.4.2BY INSULATION TYPE161
TABLE 157NORTH AMERICA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)161
TABLE 158NORTH AMERICA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)161
10.4.3BY VOLTAGE161
TABLE 159NORTH AMERICA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)161
TABLE 160NORTH AMERICA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)161
10.4.4BY INSTALLATION162
TABLE 161NORTH AMERICA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)162
TABLE 162NORTH AMERICA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)162
10.4.5BY END USER162
TABLE 163NORTH AMERICA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)162
TABLE 164NORTH AMERICA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)162
10.4.6BY COUNTRY163
TABLE 165NORTH AMERICA: CIRCUIT BREAKER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)163
TABLE 166NORTH AMERICA: CIRCUIT BREAKER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)163
10.4.6.1US163
10.4.6.1.1Pressing need to upgrade existing power infrastructure to drive market163
10.4.6.2By insulation type164
TABLE 167US: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)164
TABLE 168US: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)164
10.4.6.3By voltage164
TABLE 169US: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)164
TABLE 170US: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)165
10.4.6.4By installation165
TABLE 171US: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)165
TABLE 172US: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)165
10.4.6.5By end user165
TABLE 173US: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)165
TABLE 174US: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)166
10.4.6.6Canada166
10.4.6.6.1Growing investments in expanding T&D networks and upgrading existing infrastructure to accelerate market growth166
10.4.6.7By insulation type167
TABLE 175CANADA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)167
TABLE 176CANADA: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)167
10.4.6.8By voltage167
TABLE 177CANADA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)167
TABLE 178CANADA: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)167
10.4.6.9By installation168
TABLE 179CANADA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)168
TABLE 180CANADA: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)168
10.4.6.10By end user168
TABLE 181CANADA: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)168
TABLE 182CANADA: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)168
10.4.6.11Mexico169
10.4.6.11.1Growing deployment of smart grids to drive market169
10.4.6.12By insulation type169
TABLE 183MEXICO: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2020–2022 (USD MILLION)169
TABLE 184MEXICO: CIRCUIT BREAKER MARKET, BY INSULATION TYPE, 2023–2028 (USD MILLION)170
10.4.6.13By voltage170
TABLE 185MEXICO: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2020–2022 (USD MILLION)170
TABLE 186MEXICO: CIRCUIT BREAKER MARKET, BY VOLTAGE, 2023–2028 (USD MILLION)170
10.4.6.14By installation170
TABLE 187MEXICO: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2020–2022 (USD MILLION)170
TABLE 188MEXICO: CIRCUIT BREAKER MARKET, BY INSTALLATION, 2023–2028 (USD MILLION)171
10.4.6.15By end user171
TABLE 189MEXICO: CIRCUIT BREAKER MARKET, BY END USER, 2020–2022 (USD MILLION)171
TABLE 190MEXICO: CIRCUIT BREAKER MARKET, BY END USER, 2023–2028 (USD MILLION)171