Circuit Breakers Market Report 2025 (Global Edition)

Global Circuit Breakers Market Report 2025 Market Size Split by Installation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), by Voltage (Medium Voltage, H...

Circuit Breakers Market Report Description

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Circuit Breakers Market Insights Video

Competitive Landscape of the Circuit Breakers Market

The circuit breakers market is highly competitive, with key players focusing on technological innovation, such as smart and eco-friendly circuit breakers, to gain market share. Competitive strategies include mergers and acquisitions, strategic partnerships, and continuous product development to enhance safety features and energy efficiency. Market leaders leverage global distribution networks and strong R&D capabilities to address diverse customer needs and adhere to evolving regulatory standards.

In September 2020, The Eaton Cummins Automated Transmission Technologies expanded the Endurant Automated Transmission lineup by launching the Endurant XD series. The series is a high-performance automated transmission designed for on-highway applications, like double and triple trailer trucks, and severe-duty on/off-highway applications like dump and logging trucks. (Source: https://www.eaton.com/tw/en-us/company/news-insights/news-releases/2020/eaton-cummins-automated-transmission-technologies-introduces-all.html) In August 2020, Ideal Power Inc. signed a partnership worth USD 1.2 million with Diversified Technologies, Inc. to demonstrate B Tran enabled efficiency direct current electrical switching device. (Source: https://ir.idealpower.com/news/press-releases/detail/651/ideal-power-signs-1-2-million-contract-to-partner-with) In January 2021, ABB India launched the Formula DIN-Rail, a complete range of the Miniature Circuit Breakers (MCBs), Residual Current Circuit Breakers (RCCBs), and the isolator, which improved its product portfolio in the Indian electrical retail market. (Source: https://new.abb.com/news/detail/72780/abb-india-launches-a-new-range-of-circuit-breakers-for-electrical-retail-market#:~:text=ABB%20India%20has%20launched%20Formula,250%20million%20USD%20in%20India.)

Top Companies Market Share in Circuit Breakers Industry: (In no particular order of Rank)

• ABB Group
• Schneider Electric Inc.
• Mitsubishi Electric Corporation
• Eaton Corporation Plc
• Siemens AG
• Alstom
• Furukawa Group
• Kirloskar Electric Co. Ltd.
• Powell Industries
• Toshiba Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Circuit Breakers Market

Which Region Dominates the Circuit Breakers Market in 2024?

According to Cognitive Market Research, North America currently dominates the Circuit breakers market, and the region is expected to have significant growth during the projected period due to its advanced infrastructure, high industrial and commercial demand, and stringent safety regulations. The region's technological advancements, significant investments in electrical safety, and extensive adoption of smart grid technologies further bolster its market leadership.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period due to rapid industrialization, urbanization, and increasing infrastructure development. The region's expanding energy sector and rising demand for electrical safety solutions drive market growth, supported by significant investments in smart grid technology and modernization projects.

The current report Scope analyzes Circuit Breakers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Circuit Breakers Market

According to Cognitive Market Research, the global Circuit Breakers market size was estimated at USD 19542.2 Million, out of which North America held the major market share of more than 40% of global revenue with a market size of USD 7816.88 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.2% from the year 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Circuit Breakers market with a market size of USD 6167.52 million in 2024 and is foreseen to rise at the CAGR of 6.0% during the forecast years due to a growing demand for advanced electrical protection systems in residential, commercial, and industrial sectors.
• The Canada Circuit Breakers market had a market share of USD 938.03 million in 2024 and is foreseen to rise at the CAGR of 7.0% during the forecast years due to the stringent safety regulations for electrical systems.
• The Mexico Circuit Breakers market is foreseen to experience growth at the CAGR of 6.7% during the forecast years, with a market size of USD 711.34 million in 2024.

Europe Circuit Breakers Market

According to Cognitive Market Research, the global Circuit Breakers market size estimated at USD 19542.2 Million, out of which Europe held the market share of more than 30% of global revenue with a market size of USD 5862.66 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Circuit Breakers market had a market share of USD 984.93 million in 2024 and is foreseen to rise at the CAGR of 7.3% during the forecast years. In the UK, Circuit breaker sales witness an upswing due to the increasing investments in upgrading aging electrical infrastructure.
• The France Circuit Breakers market is foreseen to experience growth at the CAGR of 5.7% during the forecast years, with a market size of USD 539.36 million in 2024.
• According to Cognitive Market Research, the German Circuit Breakers market size valued at USD 1160.81 million in 2024 and is foreseen to rise at the CAGR of 6.7% during the forecast period. In Germany, Circuit Breakers surged due to the growth of renewable energy installations.
• The Italy Circuit Breakers market is foreseen to experience growth at the CAGR of 5.9% during the forecast years, with a market size of USD 504.19 million in 2024.
• The Russia Circuit Breakers market is foreseen to experience growth at the CAGR of 5.5% during the forecast years, with the market size of USD 908.71 million in 2024.
• The Spain Circuit Breakers market is foreseen to experience growth at the CAGR of 5.6% during the forecast years with a market size of USD 480.74 million in 2024
• The Luxembourg Circuit Breakers market is foreseen to experience growth at the CAGR of 6.6% during the forecast years, with a market size of USD 181.74 million in 2024.
• The Portugal Circuit Breakers market is foreseen to experience growth at a CAGR of 6.3% during the forecast years, with a market size of USD 123.12 million in 2024.
• The Greece Circuit Breakers market is foreseen to experience growth at the CAGR of 6.8% during the forecast years, with a market size of USD 70.35 million in 2024.
• The Rest of Europe's Circuit Breakers market is foreseen to experience growth at the CAGR of 5.2% during the forecast years, with a market size of USD 908.71 million in 2024.

Asia Pacific Circuit Breakers Market

According to Cognitive Market Research, the global Circuit Breakers market size estimated at USD 19542.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4494.71 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.0% from the year 2024 to 2031.

• According to Cognitive Market Research, the China Circuit Breakers market size was valued at USD 2022.62 million in 2024 and is foreseen to rise at the CAGR of 9.5% during the forecast years. Circuit Breakers surged in China due to rapid industrialization, urbanization, and the expansion of infrastructure projects.
• The Japan Circuit Breakers market is foreseen to experience growth at the CAGR of 8.5% during the forecast years, with a market size of USD 620.27 million in 2024.
• The India Circuit Breakers market had a market share of USD 539.36 million in 2024 and is foreseen to rise at a CAGR of 11.8% during the forecast years due to the increasing investments in power generation and distribution networks .
• The South Korean Circuit Breakers market is foreseen to experience growth at the CAGR of 9.1% during the forecast years, with a market size of USD 449.47 million in 2024.
• The Australian Circuit Breakers market is foreseen to experience growth at the CAGR of 9.7% during the forecast years, with a market size of USD 233.72 million in 2024.
• The South East Asia Circuit Breakers market is foreseen to experience growth at the CAGR of 11.0% during the forecast period, with a market size of USD 310.13 million in 2024.
• The Rest of Asia Pacific Circuit Breakers market is foreseen to experience growth at the CAGR of 9.8% during the forecast period, with a market size of USD 319.12 million in 2024.

South America Circuit Breakers Market

According to Cognitive Market Research, the global Circuit Breakers market size estimated at USD 19542.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 977.11 million in the year 2024 and will rise at a compound annual growth rate (CAGR) of 7.4% from the year 2024 to 2031.

• According to Cognitive Market Research, the Brazil Circuit Breakers market size was valued at USD 418.20 million in the year 2024 and is foreseen to rise at the CAGR of 8.0% during the forecast years. Circuit Breakers flourished in Brazil due to the increasing investments in electrical safety and the modernization of power grids.
• Argentina's Circuit Breakers market had a market share of USD 164.15 million in 2024 and is foreseen to rise at the CAGR of 8.3% during the forecast years due to the need for reliable electrical safety solutions .
• Colombia Circuit Breakers market is foreseen to experience growth at the CAGR of 7.2% during the forecast years, with a market size of USD 86.96 million in 2024.
• Peru Circuit Breakers market is foreseen to experience growth at the CAGR of 7.6% during the forecast years, with a market size of USD 80.12 million in 2024.
• Chile Circuit Breakers market is foreseen to experience growth at the CAGR of 7.7% during the forecast years, with a market size of USD 70.35 million in 2024.
• The Rest of Latin America's Circuit Breakers market is foreseen to experience growth at the CAGR of 6.5% during the forecast years, with a market size of USD 157.31 million in 2024.

Middle East Circuit Breakers Market

According to Cognitive Market Research, the global Circuit Breakers market size estimated at USD 19542.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 390.84 million in the year 2024 and will rise at a compound annual growth rate (CAGR) of 7.7% from the year 2024 to 2031..

• The GCC Countries Circuit Breakers market is foreseen to experience growth at the CAGR of 8.5% during the forecast period, with a market size of USD 167.28 million in 2024. Circuit breaker sales flourish due to the increasing investments in power generation and distribution projects.
• The Egypt Circuit Breakers market is foreseen to experience growth at the CAGR of 8.5% during the forecast years, with a market size of USD 41.04 million in 2024.
• The South Africa Circuit Breakers market is foreseen to experience growth at the CAGR of 8.7% during the forecast years, with a market size of USD 61.75 million in 2024. Circuit breaker sales flourished in South Africa due to a rising focus on electrical safety and reliability.
• The Turkey Circuit Breakers market is foreseen to experience growth at the CAGR of 7.2% during the forecast years, with a market size of USD 33.61 million in 2024.
• The Nigeria Circuit Breakers market is foreseen to experience growth at the CAGR of 6.8% during the forecast years, with a market size of USD 41.04 million in 2024.
• The Rest of the MEA Circuit Breakers market is foreseen to experience growth at the CAGR of 6.7% during the forecast years, with a market size of USD 46.12 million in 2024.

Circuit Breakers Market Analysis

How are Segments Performing in the Global Circuit Breakers Market?

Circuit Breakers Market Insulation Type Segment Analysis

According to Cognitive Market Research, vacuum circuit breakers are likely to dominate the Circuit Breakers Market over the forecast period due to their superior performance in high-voltage applications, reliability, and minimal maintenance requirements. Their ability to operate in the harsh environments and provide quick arc quenching enhances safety and efficiency. Additionally, their compact design and long lifespan make them a preferred choice for utility and industrial applications, driving their market dominance.

The gas circuit breaker is the fastest-growing segment in the Circuit breaker market due to its high reliability, compact design, and ability to operate in harsh environments. Their use of sulfur hexafluoride (SF6) gas for insulation and arc-extinguishing enhances performance and reduces maintenance, driving their rapid adoption in various applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Circuit Breakers Industry. Request a Free Sample PDF!

Circuit Breakers Market Voltage Segment Analysis

According to Cognitive Market Research, the medium voltage segment holds the largest share of the market due to its important role in protecting electrical systems in industrial, commercial, and utility applications. Their ability to handle higher voltages, enhance system reliability, and provide robust protection against overloads and short circuits makes them essential in power distribution networks, contributing to their widespread adoption and market leadership.

In the Circuit Breakers Market, the high voltage sector has been expanding at a rapid pace due to increasing investments in power generation and transmission infrastructure, coupled with rising electricity demand. They are essential for managing and protecting high-voltage systems, which drives their rapid adoption in utility and industrial applications.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Circuit Breakers Installation Segment Analysis

Circuit Breakers Market Installation Segment Analysis

According to Cognitive Market Research, the outdoor installation segment holds the largest market share due to its essential role in protecting electrical systems exposed to environmental conditions, such as weather and temperature variations. The demand for reliable and durable circuit breakers for outdoor use drives market growth, as these installations require robust and weather-resistant solutions to ensure continuous and safe operation in various climates.

In the Circuit Breakers market, the rapidly growing sector is the indoor installation category due to the surged urbanization and rising need for electrical safety in the residential and commercial buildings. Enhanced focus on building infrastructure, energy efficiency, and smart grid technologies drives demand for advanced indoor circuit breaker solutions.

• Indoor
• Outdoor

Circuit Breakers End-user Segment Analysis

Circuit Breakers Market End-user Segment Analysis

According to Cognitive Market Research, the T&D utilities segment dominates the market by driving demand for high-capacity and reliable protection solutions to manage and safeguard extensive electrical grids. Their need for robust infrastructure, coupled with the requirement for advanced, reliable circuit breakers to ensure grid stability and reduce downtime, positions them as key market drivers.

Railway is projected to be the fastest-growing segment in the Circuit Breakers market due to expanding rail infrastructure and modernization projects. Increased safety requirements and the need for reliable, high-performance circuit breakers to handle high voltages and continuous operation drive significant demand in this industry.

• T&D Utilities
• Power Generation
• Renewables
• Railways

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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