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Low-Voltage Circuit Breakers Market

Low-Voltage Circuit Breakers Market Size, Share & Segment By Type (MCB, MCCB, ACB), By Application (Energy Allocation, Shutoff Circuit Automatically, Other), By End-User (Residential, Commercial, Others), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1366 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Low-Voltage Circuit Breakers Market was valued at USD 1.75 billion in 2021 and is expected to reach USD 2.39 billion by 2028, and grow at a CAGR of 4.6 over the forecast period 2022-2028.

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.

Low-Voltage Circuit Breakers Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • Expansion of transmission

  • Distribution of networks

  • Renewable energy generation

RESTRAINTS: 

  • Association of high-cost

  • Installation and maintenance

OPPORTUNITIES: 

  • This is covered in final Report.

CHALLENGES: 

  • This is covered in final Report.

IMPACT OF COVID-19: 

The global spread of coronavirus has a significant impact on various industries and countries worldwide. Because of the economic closure in all of the economies examined in the report and elsewhere, the growth rate of industries such as construction and transportation, transportation, oil and gas, energy, and so on has slowed. Furthermore, COVID-19 has resulted in a decrease in electricity demand in the affected areas over the last three months, which is expected to impede the market growth of low voltage circuit breakers over the next year or two. Energy demand is expected to fall globally due to job losses, production delays, and delays in renewal and other infrastructure installations, which will halt the global market growth of low voltage circuit breakers.

Base on application In terms of revenue, a component of the closure circuit dominated the global market, owing to an increase in faulty performance in electrical circuits such as overloading, short circuit faults, mechanical faults, and other residential, commercial, and industrial areas.

Base on type Due to an increase in demand for miniature circuit breakers from cable protection, small motor protection, x-ray machines, UPS systems, and other systems, a small portion of circuit breakers occupied the largest market share.

Base on end-user it is divided into Residential, Commercial, and Others and Due to increased demand for low-cost electricity from commercial outlets such as stores, complex areas, supermarkets, theatres, and other applications, the commercial segment holds the largest market share.

COMPETITIVE LANDSCAPE:

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.

MARKET SEGMENTATION:

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

Low-Voltage Circuit Breakers Market Segment Pie Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Low-Voltage Circuit Breakers Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.75 Billion
Market Size by 2028 US$ 2.39 Billion
CAGR CAGR of 47% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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


Frequently Asked Questions (FAQ) :

The Low-Voltage Circuit Breakers Market size was valued at 1.75 billion in 2021 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

 

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    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    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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Secondary Research

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