Low Voltage Circuit Breaker Market

Global Low Voltage Circuit Breaker Market Size, Trends & Analysis - Forecasts to 2027 By Type (Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker), By Application (Energy Allocation, Shut-off Circuit, and Others), By Industry Vertical (Residential, Commercial, Industrial and Others), By End-User (Battery System Manufacturers, Data Centers, Solar Industry, Transportation Industry, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on June 13 2024 with the latest and most recent market numbers

Global Low Voltage Circuit Breaker Market Size

The global low voltage circuit breaker market is projected to grow from USD 4.5 billion in 2022 to USD 4.5 billion in 2027 at a CAGR rate of 5.2% from 2022 to 2027.

A circuit breaker is a key component in protecting the electrical circuit from overcurrent or short circuit damage. The cost-effectiveness of replacing damaged circuit breakers over repairing damaged electrical devices or replacing them all together has been a key driver of the low voltage circuit breaker market.

Major drivers are rising demand for electricity and growing adoption of electronic devices for various home applications. In addition, the low voltage circuit breakers market is expected to be guided by the expansion of infrastructural ventures for safe electrical dispersion in the future years.

The increasing number of government interventions and initiatives to provide electricity in even the most remote areas in the country is expected to increase the demand for circuit breakers. The growing number of protective measures to reduce electrical fires, faults in electrical supply, and significant operational oversights are expected to further expand the demand during the forecast period.

global low voltage circuit breaker market

Global Low Voltage Circuit Breaker Market: By Type

Based on the type classification, the global low voltage circuit breaker market is divided into a miniature circuit breaker, molded case circuit breaker, and air circuit breaker.

Due to increased demand for miniature circuit breakers from home electrical panels, lights, industrial applications, heaters, ups systems, ground fault trip mechanisms, and other residential and commercial applications, the miniature circuit breaker segment will have the largest market share by type.

Global Low Voltage Circuit Breaker Market: By Application

Based on the application, the global low voltage circuit breaker market is divided into energy allocation, shut-off circuit, and others.

Due to a surge in defective electrical circuit operations such as overloading, short circuit issues, motor-powered system failures, and others in residential, commercial, and manufacturing uses, the shut-off circuit segment will dominate the global market share

Global Low Voltage Circuit Breaker Market: By Industry Vertical

Based on the industry vertical classification, the global low voltage circuit breaker market is divided into residential, commercial, industrial, and others.

Due to increased demand for low voltage circuit breakers from commercial locations such as shops, businesses complexes, shopping malls, restaurants, multiplexes, and other applications, the commercial segment will have the largest market share in the end-use segment.

Global Low Voltage Circuit Breaker Market: By End-User

Based on the end-user, the global low voltage circuit breaker market is divided into battery system manufacturers, data centers, the solar industry, the transportation industry, and others.

The solar energy industry is expected to be the fastest-growing industry in the projected period, due to factors like increasing electricity share of solar energy in total power generation, a growing number of utility size solar projects in various countries, and increasing demand for clean energy to prevent further degradation of the environment.

asia pacific low voltage circuit breaker market

Global Low Voltage Circuit Breaker Market: By Region

As per the geographical analysis, the global low voltage circuit breaker market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will be the fastest-growing region in the global low voltage circuit breaker market from 2022 to 2027. The major factor driving the growth of the market in the North American region is stringent rules regarding safe construction of residential and commercial units, supportive government initiatives in this industry for solar panels, industrialization in the U.S. and Canada. In the North American region, the United States has the largest market share, followed by other countries.

Europe has a significant share in the global low voltage circuit breaker market due to growing commercialization and urbanization.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region will account for the largest market share in the global low voltage circuit breaker market during the forecast period.

Global Low Voltage Circuit Breaker Market Share and Competitor Analysis

ABB Ltd., Changshu Switchgear Mfg. Co., Ltd., People Electric Appliance Group Co., Ltd,  Shanghai Delixi Group Co. Ltd., Schneider Electric SE, Eaton Corporation Plc, Hager Group,  Fuji Electric Fa Components & Systems Co., Ltd., Hyundai Electric & Energy Systems Co., Ltd., Shanghai Liangxin Electrical Co., Ltd. (Nader), Siemens AG, Chint Group, Panasonic Corporation, Danfoss, Rockwell Automation, Inc., Circutor, SA, Lovato Electric, S.P.A., Weg Group, E-T-A Gmbh, Carling Technologies, Inc., Schurter Holding AG, Mitsubishi Electric Corporation and other players are the key players in the global low voltage circuit breaker market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Low Voltage Circuit Breaker Industry Overview, 2022-2027

2.1.1    Industry Overview

2.1.2    Type Overview

2.1.3    Application Overview

2.1.4    Industry Vertical Overview

2.1.5    End-User Overview

2.1.6    Regional Overview

Chapter 3   Low Voltage Circuit Breaker Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2022-2027

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Rising Demand For Electricity Is Steadily Rising In Developing Countries

3.3.1.2    Expansion Of Infrastructural Ventures For Safe Electrical Dispersion

3.3.2    Industry Vertical Challenges

3.3.2.1    Installation of Renewable Energy and Other Infrastructure Takes Longer Than Expected

3.4    Prospective Growth Scenario

3.4.1    Type Growth Scenario

3.4.2    Application Growth Scenario

3.4.3    Industry Vertical Growth Scenario

3.4.4    End-User Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    End-User Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Low Voltage Circuit Breaker Market, By Type

4.1    Type Outlook

4.2    Miniature Circuit Breaker

4.2.1    Market Size, By Region, 2022-2027 (USD Million)

4.3    Molded Case Circuit Breaker

4.3.1    Market Size, By Region, 2022-2027 (USD Million)

4.4    Air Circuit Breaker

4.4.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 5   Low Voltage Circuit Breaker Market, By Industry Vertical

5.1    Industry Outlook

5.2    Residential

5.2.1    Market Size, By Region, 2022-2027 (USD Million)

5.3    Commercial

5.3.1    Market Size, By Region, 2022-2027 (USD Million)

5.4    Industrial

5.4.1    Market Size, By Region, 2022-2027 (USD Million)

5.5    Other

5.5.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 6   Low Voltage Circuit Breaker Market, By Application

6.1    Energy Allocation

6.1.1    Market Size, By Region, 2022-2027 (USD Million)

6.2    Shut-off Circuit

6.2.1    Market Size, By Region, 2022-2027 (USD Million)

6.3    Others

6.3.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 7   Low Voltage Circuit Breaker Market, By End-User

7.1    Battery System Manufacturers

7.1.1    Market Size, By Region, 2022-2027 (USD Million)

7.2    Data Centers

7.2.1    Market Size, By Region, 2022-2027 (USD Million)

7.3    Solar Industry

7.3.1    Market Size, By Region, 2022-2027 (USD Million)

7.4    Transportation Industry

7.4.1    Market Size, By Region, 2022-2027 (USD Million)

7.5    Others

7.5.1    Market Size, By Region, 2022-2027 (USD Million)

Chapter 8   Low Voltage Circuit Breaker Market, By Region

8.1    Regional outlook

8.2    North America

8.2.1    Market Size, By Country 2022-2027 (USD Million)

8.2.2    Market Size, By Type, 2022-2027 (USD Million)

8.2.3    Market Size, By Application, 2022-2027 (USD Million)

8.2.4    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.2.5    Market Size, By End-User, 2022-2027 (USD Million)

8.2.6    U.S.

8.2.6.1    Market Size, By Type, 2022-2027 (USD Million)

8.2.4.2    Market Size, By Application, 2022-2027 (USD Million)

8.2.4.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

Market Size, By End-User, 2022-2027 (USD Million)

8.2.7    Canada

8.2.7.1    Market Size, By Type, 2022-2027 (USD Million)

8.2.7.2    Market Size, By Application, 2022-2027 (USD Million)

8.2.7.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.2.7.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3    Europe

8.3.1    Market Size, By Country 2022-2027 (USD Million)

8.3.2    Market Size, By Type, 2022-2027 (USD Million)

8.3.3    Market Size, By Application, 2022-2027 (USD Million)

8.3.4    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.5    Market Size, By End-User, 2022-2027 (USD Million)

8.3.6    Germany

8.3.6.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.6.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.6.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.6.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3.7    UK

8.3.7.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.7.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.7.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.7.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3.8    France

8.3.8.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.8.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.8.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.8.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3.9    Italy

8.3.9.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.9.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.9.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.9.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3.10    Spain

8.3.10.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.10.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.10.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.10.4    Market Size, By End-User, 2022-2027 (USD Million)

8.3.11    Russia

8.3.11.1    Market Size, By Type, 2022-2027 (USD Million)

8.3.11.2    Market Size, By Application, 2022-2027 (USD Million)

8.3.11.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.3.11.4    Market Size, By End-User, 2022-2027 (USD Million)

8.4    Asia Pacific

8.4.1    Market Size, By Country 2022-2027 (USD Million)

8.4.2    Market Size, By Type, 2022-2027 (USD Million)

8.4.3    Market Size, By Application, 2022-2027 (USD Million)

8.4.4    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.5   Market Size, By End-User, 2022-2027 (USD Million)

8.4.6    China

8.4.6.1    Market Size, By Type, 2022-2027 (USD Million)

8.4.6.2    Market Size, By Application, 2022-2027 (USD Million)

8.4.6.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.6.4    Market Size, By End-User, 2022-2027 (USD Million)

8.4.7    India

8.4.7.1    Market Size, By Type, 2022-2027 (USD Million)

8.4.7.2    Market Size, By Application, 2022-2027 (USD Million)

8.4.7.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.7.4    Market Size, By End-User, 2022-2027 (USD Million)

8.4.8    Japan

8.4.8.1    Market Size, By Type, 2022-2027 (USD Million)

8.4.8.2    Market Size, By Application, 2022-2027 (USD Million)

8.4.8.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.8.4    Market Size, By End-User, 2022-2027 (USD Million)

8.4.9    Australia

8.4.9.1    Market Size, By Type, 2022-2027 (USD Million)

8.4.9.2    Market size, By Application, 2022-2027 (USD Million)

8.4.9.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.9.4    Market Size, By End-User, 2022-2027 (USD Million)

8.4.10    South Korea

8.4.10.1    Market Size, By Type, 2022-2027 (USD Million)

8.4.10.2    Market Size, By Application, 2022-2027 (USD Million)

8.4.10.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.4.10.4    Market Size, By End-User, 2022-2027 (USD Million)

8.5    Latin America

8.5.1    Market Size, By Country 2022-2027 (USD Million)

8.5.2    Market Size, By Type, 2022-2027 (USD Million)

8.5.3    Market Size, By Application, 2022-2027 (USD Million)

8.5.4   Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.5.5   Market Size, By End-User, 2022-2027 (USD Million)

8.5.6    Brazil

8.5.6.1    Market Size, By Type, 2022-2027 (USD Million)

8.5.6.2    Market Size, By Application, 2022-2027 (USD Million)

8.5.6.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.5.6.4    Market Size, By End-User, 2022-2027 (USD Million)

8.5.7    Mexico

8.5.7.1    Market Size, By Type, 2022-2027 (USD Million)

8.5.7.2    Market Size, By Application, 2022-2027 (USD Million)

8.5.7.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.5.7.4    Market Size, By End-User, 2022-2027 (USD Million)

8.5.8    Argentina

8.5.8.1    Market Size, By Type, 2022-2027 (USD Million)

8.5.8.2    Market Size, By Application, 2022-2027 (USD Million)

8.5.8.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.5.8.4    Market Size, By End-User, 2022-2027 (USD Million)

8.6    MEA

8.6.1    Market Size, By Country 2022-2027 (USD Million)

8.6.2    Market Size, By Type, 2022-2027 (USD Million)

8.6.3    Market Size, By Application, 2022-2027 (USD Million)

8.6.4    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.6.5    Market Size, By End-User, 2022-2027 (USD Million)

8.6.6    Saudi Arabia

8.6.6.1    Market Size, By Type, 2022-2027 (USD Million)

8.6.6.2    Market Size, By Application, 2022-2027 (USD Million)

8.6.6.3   Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.6.6.4   Market Size, By End-User, 2022-2027 (USD Million)

8.6.7    UAE

8.6.7.1    Market Size, By Type, 2022-2027 (USD Million)

8.6.7.2    Market Size, By Application, 2022-2027 (USD Million)

8.6.7.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.6.7.4    Market Size, By End-User, 2022-2027 (USD Million)

8.6.8    South Africa

8.6.8.1    Market Size, By Type, 2022-2027 (USD Million)

8.6.8.2    Market Size, By Application, 2022-2027 (USD Million)

8.6.8.3    Market Size, By Industry Vertical, 2022-2027 (USD Million)

8.6.8.4    Market Size, By End-User, 2022-2027 (USD Million)

Chapter 9   Company Landscape

9.1    Competitive Analysis, 2020

9.2    ABB Ltd.

9.2.1    Company Overview

9.2.2    Financial Analysis

9.2.3    Strategic Positioning

9.2.4    Info Graphic Analysis

9.3    Changshu Switchgear Mfg. Co., Ltd.

9.3.1    Company Overview

9.3.2    Financial Analysis

9.3.3    Strategic Positioning

9.3.4    Info Graphic Analysis

9.4    People Electric Appliance Group Co., Ltd

9.4.1    Company Overview

9.4.2    Financial Analysis

9.4.3    Strategic Positioning

9.4.4    Info Graphic Analysis

9.5    Shanghai Delixi Group Co., Ltd.

9.5.1    Company Overview

9.5.2    Financial Analysis

9.5.3    Strategic Positioning

9.5.4    Info Graphic Analysis

9.6    Schneider Electric SE

9.6.1    Company Overview

9.6.2    Financial Analysis

9.6.3    Strategic Positioning

9.6.4    Info Graphic Analysis

9.7    Eaton Corporation Plc

9.7.1    Company Overview

9.7.2    Financial Analysis

9.7.3    Strategic Positioning

9.7.4    Info Graphic Analysis

9.8    Hager Group

9.8.1    Company Overview

9.8.2    Financial Analysis

9.8.3    Strategic Positioning

9.8.4    Info Graphic Analysis

9.9    Fuji Electric Fa Components & Systems Co., Ltd

9.9.1    Company Overview

9.9.2    Financial Analysis

9.9.3    Strategic Positioning

9.9.4    Info Graphic Analysis

9.10    Hyundai Electric & Energy Systems Co., Ltd.

9.10.1    Company Overview

9.10.2    Financial Analysis

9.10.3    Strategic Positioning

9.10.4    Info Graphic Analysis

9.11    Other Companies

9.11.1    Company Overview

9.11.2    Financial Analysis

9.11.3    Strategic Positioning

9.11.4    Info Graphic Analysis

The Global Low Voltage Circuit Breaker Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Low Voltage Circuit Breaker Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global low voltage circuit breaker market is projected to grow from USD 4.5 Billion in 2022 to USD 4.5 Billion in 2027 at a CAGR of 5.2% from 2022 to 2027.
ABB Ltd.,Changshu Switchgear Mfg. Co., Ltd., People Electric Appliance Group Co., Ltd, Shanghai Delixi Group Co. Ltd., Schneider Electric SE, Eaton Corporation Plc, Hager Group, Fuji Electric Fa Components & Systems Co., Ltd., Hyundai Electric & Energy Systems Co., Ltd., Shanghai Liangxin Electrical Co., Ltd. (Nader), Siemens AG, Chint Group, Panasonic Corporation, Danfoss, Rockwell Automation, Inc., Circutor, SA, Lovato Electric, S.P.A., Weg Group, E-T-A Gmbh, Carling Technologies, Inc., Schurter Holding AG, Mitsubishi Electric Corporation and others are the key players in the global low voltage circuit breaker market.
The Asia-Pacific region is estimated to dominate the market in the low voltage circuit breaker market.
The COVID-19 spread across the globe has a significant impact on several industries and countries around the world. The growth rate of businesses such as building projects, shipping, aviation, logistics, petroleum & gas, power, and others has declined. Furthermore, the demand for electricity is still at a decline from the covid affected areas while the areas recovering from covid, the demand is steadily increasing reaching pre-pandemic levels, which is expected to hinder the growth of the low voltage circuit breaker market in the coming years.

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