Report Id: SNS/SEMI/1366 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Low-Voltage Circuit Breakers Market was valued at USD 1.83 billion in 2022 and is expected to reach USD 2.62 billion by 2030, and grow at a CAGR of 4.6% over the forecast period 2023-2030.
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.
Expansion of transmission
Distribution of networks
Renewable energy generation
Association of high-cost
Installation and maintenance
This is covered in final Report.
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.
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.
Miniature Circuit Breaker (MCB)
Moulded Case Circuit Breaker (MCCB)
Air Circuit Breaker (ACB)
Shutoff Circuit Automatically
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1.83 Billion|
|Market Size by 2030||US$ 2.62 Billion|
|CAGR||CAGR of 47% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 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
8.2 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
9.2 Energy Allocation
9.3 Shutoff Circuit Automatically
10. Global Low-Voltage Circuit Breakers Market Segmentation, By End-User
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Schneider Electric
12.5 Mitsubishi Electric
12.6 General Electric
12.8 Fuji Electric
12.10 CHINT Electrics
12.11 Shanghai Renmin
12.12 Changshu Switchgear
12.15 S. Men Rin
12.16 Hangzhou Zhijiang
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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