According to a market report by Lucintel, the future of the global circuit breaker market looks promising with opportunities in the residential, commercial, industrial, and utility markets. The global circuit breaker market is expected to reach an estimated $11.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing need for access to efficient network connectivity and sustainable sources of renewable energy, growing demand for electrical power and reliable power distribution, and rising investments in power generation.

A more than 150 – page report is developed to understand trends, opportunity and forecast in circuit breaker market to 2030 by voltage (low voltage, medium voltage, and high voltage), insulation type (vacuum circuit breaker, air circuit breaker, gas circuit breaker, and oil circuit breaker), installation (indoor and outdoor), end use industry (residential, commercial, industrial, and utilities), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, low voltage, medium voltage, and high voltage are the major segments of circuit breaker market by voltage. Lucintel forecasts that high voltage will remain the largest segment over the forecast period due to its increasing demand by majority of industrial and commercial customers owing to its enhanced capability in safeguarding against short circuits and voltage fluctuations.

Within this market, utilities will remain the fastest growing segment over the forecast period due to growing focus towards distributed power infrastructure, rising demand for energy along with cleaner generation of electricity that led to the growth of renewable power generation.

APAC will remain the highest growing region over the forecast period due to existence of key players, high customer base, rapid expansion of renewable energy sector, as well as growing investments towards upgradation of aged power infrastructure in this region.

ABB, Bel Fuse, Schneider Electric, Mitsubishi Electric Corporation, Eaton Corporation, General Electric, Siemens, Rockwell Automation, Larsen & Toubro, and NXP Semiconductors are the major suppliers in the circuit breaker market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]