The Low-Voltage Circuit Breakers Market Size was valued at USD 1.91 billion in 2023 and is expected to reach USD 2.74 billion by 2031 and grow at a CAGR of 4.6% over the forecast period 2024-2031.
A low voltage circuit breaker is a type of electromechanical switch that automatically or manually breaks the circuit under unusual conditions such as over current power, over-voltage, and short circuit and operates up to 1,000 V voltage. Its main purpose is to detect error activity by constantly interrupting and preventing rapid electrical flow. Unlike a fuse, which only works once and must be replaced, a low voltage circuit breaker can be manually or automatically reset to restart standard options.
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KEY DRIVERS:
Expansion of transmission
Distribution of networks
Renewable energy generation
RESTRAINTS:
Association of high-cost
Installation and maintenance
IMPACT OF RUSSIAN UKRAINE WAR:
On December 23, the control centres of three Ukrainian electricity distribution companies were remotely accessed. Taking control of the SCADA systems of the facilities, malicious in the capital city of Kiev, and in the western part of the country, the operators have opened the breakers at some 30 distribution substations. Ivano Frankivsk region, which led to the loss of electricity for over 200 000 consumers. Nearly a year Later, one electric transmission station in north Kiev was knocked out of service. The hackers have been attributed to Russian groups by governments and cybersecurity firms. suspected, although unclear, associations with the Russian government Russian hackers In Eastern Europe, they have a long history of involvement in political and military conflicts. In support of Russian interests, they carry out espionage operations all over the world. Ukrainian and American government officials have blamed Russian hackers for the grid intrusions, while cybersecurity firms are linking malware that's been detected in affected systems to Russia's cyber-criminal groups. In March, Ukrainian investigators stated the attackers were Russian speaking and one claimed that the Russian group known as APT28 (Advanced Persistent Threat 28 or Fancy Bear.”) Maybe it was involved. It's believed APT28 has ties to The Russian government, with a history of high-profile cyber-attacks.
IMPACT OF ECONOMIC DOWNTURN:
The cost to the economy is caused by the circuit breaker that is triggered, because trade is interrupted. The primary cost of a market-wide trading interruption is the loss of price discovery when markets are closed. As traders are unable to complete the required transactions, they may be adversely affected. A halt in the U.S. Only once has the thresholds been triggered an observer may ask why they are. set so widely that trading is so rarely halted. The wide range of thresholds reflects the high cost If the markets are needlessly shut down. Liquidity loss is a serious problem in the context of market adjustment, as orders are usually one sided. Note that if buyers and sellers are encouraged to provide prices, a market wide circuit breaker rule may help address liquidity problems of each stock. The ability of the market to recover will be enhanced by exchanges' efforts in ensuring that traders receive information when there is a trade interruption. If a market-wide breaker is not properly designed there is the risk that other markets are impacted detrimentally. It is essential to coordinate on all markets. With the stock circuit breaker, Traders of derivatives should be aware of the impact of cross market restrictions on their positions. In In addition, when the market is shut down in the U.S., trading of derivatives will also be suspended stocks may be traded at different exchanges and on alternate platforms, with some orders being fulfilled internalized or traded away.
By Type
Miniature Circuit Breaker (MCB)
Moulded Case Circuit Breaker (MCCB)
Air Circuit Breaker (ACB)
By Application
Energy Allocation
Shutoff Circuit Automatically
Other
By End-User
Residential
Commercial
Others
The global market for low-voltage circuit breakers is divided into five regions: North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa. Due to its presence, the Asia-Pacific region holds the largest market share in the global market as the fastest growing region. Due to the lack of infrastructure in both regions, the Latin American, Middle Eastern, and African regions have very low market shares. Low per capita income is another factor influencing market growth in these regions.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key players in Low-Voltage Circuit Breakers Market are Schneider Electric, ABB, Eaton, Siemens, Mitsubishi Electric, General Electric, Hager, Fuji Electric, Hyundai, CHINT Electrics, Shanghai Renmin, Changshu Switchgear, Liangxin, DELIXI, S. Men Rin, Hangzhou Zhijiang, Kailong and Other.
Eaton-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.91 Billion |
| Market Size by 2031 | US$ 2.74 Billion |
| CAGR | CAGR of 4.6% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (MCB, MCCB, ACB) • By Application (Energy Allocation, Shutoff Circuit Automatically, Other) • By End-User (Residential, Commercial, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Schneider Electric, ABB, Eaton, Siemens, Mitsubishi Electric, General Electric, Hager, Fuji Electric, Hyundai, CHINT Electrics, Shanghai Renmin, Changshu Switchgear, Liangxin, DELIXI, S. Men Rin, Hangzhou Zhijiang, Kailong and Other. |
| Key Drivers | • Expansion of transmission • Distribution of networks |
| RESTRAINTS | • Association of high-cost • Installation and maintenance |
The Low-Voltage Circuit Breakers Market size was valued at 1.91 billion in 2023 at a CAGR of 4.6%.
Association of high-cost and Installation and maintenance are the restraining factors of the Low-Voltage Circuit Breakers Market.
The major Key players in the Low-Voltage Circuit Breakers Market are Schneider Electric, ABB, Eaton, Siemens, Mitsubishi Electric, General Electric, Hager, Fuji Electric, Hyundai, CHINT Electrics, Shanghai Renmin, Changshu Switchgear, Liangxin, DELIXI, S. Men Rin, Hangzhou Zhijiang, Kailong and Other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Low-Voltage Circuit Breakers Market Segmentation, by type
8.1Introduction
8.2 Miniature Circuit Breaker (MCB)
8.3 Moulded Case Circuit Breaker (MCCB)
8.4 Air Circuit Breaker (ACB)
9. Global Low-Voltage Circuit Breakers Market Segmentation, by Application
9.1 Introduction
9.2 Energy Allocation
9.3 Shutoff Circuit Automatically
9.4 Other
10. Global Low-Voltage Circuit Breakers Market Segmentation, By End-User
10.1 Introduction
10.2 Residential
10.3 Commercial
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Hungary
11.3.1.4 Turkey
11.3.1.5 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.5 Spain
11.3.2.6 Netherlands
11.3.2.7 Switzerland
11.3.2.8 Austria
11.3.2.9 Rest of Western Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia Pacific
11.5 The Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia
11.5.1.4 Qatar
11.5.1.5 Rest of the Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 Rest of Latin America
12. Company Profiles
12.1 Eaton
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Schneider Electric
12.3 ABB
12.4 Siemens
12.5 Mitsubishi Electric
12.6 General Electric
2.7 Hager
12.8 Fuji Electric
12.9 Hyundai
12.10 CHINT Electrics
12.11 Shanghai Renmin
12.12 Changshu Switchgear
12.13 Liangxin
12.14 DELIXI
12.15 S. Men Rin
12.16 Hangzhou Zhijiang
12.17 Kailong
12.18 Other
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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