Low-Voltage Circuit Breakers Market Report Scope & Overview:

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.

Low-Voltage Circuit Breakers Market Revenue Analysis

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  • Expansion of transmission

  • Distribution of networks

  • Renewable energy generation


  • Association of high-cost

  • Installation and maintenance


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.


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

Low-Voltage Circuit Breakers Market Segmentation Analysis

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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.


North America

  • US

  • Canada

  • Mexico


  • 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

Company Landscape Analysis

Low-Voltage Circuit Breakers Market Report Scope:
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

Frequently Asked Questions

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 US Canada Germany France United Kingdom China Japan South Korea 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

9.1 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 Poland Romania Hungary Turkey Rest of Eastern Europe
11.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria 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 UAE Egypt Saudi Arabia Qatar Rest of the Middle East
11.5.2 Africa Nigeria South Africa 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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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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