Circuit Breakers Market

Global circuit breaker market valuation is anticipated to reach US$21.5 Bn by 2030.

Globally, the top five players in the circuit breakers industry include ABB, Eaton, Schneider Electric, Siemens, and Mitsubishi Electric.

In 2022, Asia Pacific constituted nearly 46.7% of the global circuit breakers market and is expected to register a robust CAGR of 7.2% from 2023-2030.

In terms of application, residential segment dominated the market and constituted 39.5% share in 2022. In terms of voltage, medium segment constituted more than 55% share of the market in 2022. By installation, outdoor segment constituted more than 50% share of the market the same year.

The COVID-19 pandemic has adverse impact on global economy resulted in shutdown of industrial operations such as manufacturing facilities, infrastructural development activities, supply chain issue. All these factors created a negative impact on the circuit breakers market.