Bharat Book Bureau Provides the Trending Market Research Report on “Global Circuit Breaker Market Forecast to 2022” under Energy & Utility. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Circuit Breaker Market is projected to grow at a CAGR of 4.85%, from 2017 to 2022
The circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, at a CAGR of 4.85%, from 2017 to 2022. Increasing construction and developmental activities, growing access to electricity in developing countries, and the rising number of renewable power generation projects are the major drivers of the circuit breaker market. Price volatility of raw materials can hinder the growth of the market.
The renewable end-user segment is expected to grow at the highest CAGR, from 2017 to 2022
The renewable end-user segment is expected to grow at the highest CAGR, during the forecast period. Increasing investments in renewable energy sources to curb CO2 emissions and the growing need for access to electricity are the major factors driving the growth of the renewable segment of the circuit breaker market. Circuit breakers are used to detect the fault current and protect electrical equipment in the grid.
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Asia Pacific: The largest market for circuit breakers in 2016
The market in Asia Pacific is currently the largest for circuit breakers followed by the North American market. Rising investments in construction and developmental activities and increasing electricity demand are driving the circuit breaker market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
- By Designation: C-Level- 35%, D-Level- 25%, and Others- 40%
- By Region: North America- 30%, Asia Pacific- 20%, Europe- 10%, Middle East & Africa- 35%, and South America- 5%
Note: Others includes product managers, marketing managers, and sales managers
Note: The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion
The leading players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi (Japan), and Toshiba (Japan).
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