Global Circuit Breaker Market Size, Share, Opportunities, And Trends By Installation (Indoor, Outdoor), By Insulation Type (Air Circuit Breaker, Oil Circuit Breaker, Gas Circuit Breaker, Others), By Rated Voltage (Rated Voltage, Up to 500V, 500V – 15kV, 15kV – 600kV, Above 600kV), By End-users (Industrial, Commercial, Residential), And By Geography - Forecasts From 2025 To 2030

The global circuit breaker market is projected to grow at a CAGR of 6.94% over the forecast period, thereby reaching US$10.428 billion in 2030 from an initial value of US$7.457 billion in 2025.

A circuit breaker is an electrical safety device that interrupts a current flow to prevent overloading, thereby preserving the overall electrical system. Unlike a fuse, which works only once, a circuit breaker allows normal operations to be continuous. The ability of such devices to detect faults in current flow makes them an integral part of vital electrical infrastructure, thereby driving their applicability in power girds, residential, industrial, and commercial establishments.

The key market growth influencers include electricity demand and reliable power delivery along with the booming electricity consumption fuelled by fast economic development and investment to bolster power distribution followed by technological development. For instance, according to the IEA, the percentage of electricity in total energy consumption increased from 18% in 2015 to 20% in 2023.

Further, to bolster the overall energy supply, more capacity and modernized networks are required, due to which governments and commercial organizations are directing the addition of circuit breakers and fuses as device protection components. Power fluctuations can damage electric equipment, including industrial machinery, electric tools, home appliances, and IT products.

What are the drivers of the Global Circuit Breaker Market?

• Growing need for energy-efficient infrastructure and power supply.

One of the prominent causes of the circuit breaker market growth is the growing demand for energy-efficient infrastructure and renewable energy sources to optimize the overall process of power distribution, which has led to various strategic collaborations and government investment in this direction. Post such investments in necessary infrastructure development, the demand for circuit breakers, which are vital in transmission and distribution, is also anticipated to increase.

Additionally, smart power grid developments are also anticipated to propel market expansion. For example, until 2023, anticipated energy investments totaled about USD 2.8 trillion, which showcased significant growth over the past four years. Clean energy, which includes nuclear power, storage, grids, low-emission fuels, renewable energy, efficiency enhancements, end-use renewables, and electrification, has been allocated more than USD 1.7 trillion.

Additionally, circuit breakers are crucial devices that automatically disconnect electrical power when it exceeds safe limits to prevent hazards such as electrical fires or appliance damage due to excessive voltage levels in the raw main supply lines. Growing demand for reliable power supply plus increased awareness about electricity safety and regulation spurs the circuit breakers market growth. Global regulatory bodies are enforcing strict safety regulations, including the requirement that circuit breakers be used in electrical installations.

• Increasing demand for circuit breakers in the industrial sector

Industrial circuit breakers are part of the overall electrical safety system and are used to break the electrical circuit when it overloads. These are switches that function automatically to safeguard an electrical circuit from damage, accidents, or fire. 

Manufacturing plants, factories, warehouses, and other such large industries require a large amount of electricity, thus requiring a more advanced circuit breaker as compared to residential circuit breakers. There are various types of industrial circuit breakers for different purposes. For instance, low-voltage industrial circuit breakers, magnetic industrial circuit breakers, thermal magnetic industrial circuit breakers, medium-voltage circuit breakers, high-voltage industrial circuit breakers, and sulfur hexafluoride high-voltage industrial circuit breakers are some examples.

Safety concerns and strict regulation, especially in manufacturing units, are some of the key factors supporting market growth. Further, rising industrialization and increasing use of electricity are major contributors. The increasing use of IoT and artificial intelligence has changed the manufacturing industries to rely heavily on machines. In addition, with growing e-commerce, the use of warehouses has amplified. Thus, with increased dependency on electricity, the use of Industrial circuit breakers has also increased.

What are the key geographical trends shaping the Circuit Breaker Market?

• The global circuit breaker market is segmented into five regions worldwide:

Geography-wise, the market of Global circuit breakers is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Growing investment inflows in commercial establishments such as business premises, healthcare centers, offices, and hotels have accelerated the demand for circuit breakers, thereby augmenting the market growth in the North American region.

As one of the most developed economies in the world, the United States stands at the forefront of industrial progression, power generation and supply, and rapid urbanization. The ongoing investments in new commercial establishments, including offices, data centers, and business premises, have escalated the volume of electricity demand in the county, which is expected to stimulate the circuit breaker’s demand simultaneously. Furthermore, the constant growth in transportation and residential end-users has also added more to the overall electricity consumption.

According to the International Energy Agency’s “Electricity Mid-Year July 2024” report in 1H 2024, the electricity demand in the United States experienced 3.8% growth. Moreover, the same source states that in 2023, the electricity demand in the United States stood at 4,262 TWh, which is expected to reach 4,392 TWh in 2024 and 4,475 TWh in 2025. Thus, the report showcases 3% year-on-year growth for 2023/2024 and 19% for 2024-2025.

Likewise, the ongoing investments in improving grid infrastructure and safeguarding it from external factors are further propelling the regional market expansion. For instance, on 6th August 2024, the U.S Department of Energy, as per the “America’s Agenda” announced an investment of US$2.2 billion for eight power projects across 18 US states that would catalyze the additional grid capacity and will also facilitate the upgradation of transmission infrastructure & technology. Additionally, the well-established presence of major market payers, namely ABB Ltd, Eaton Corporation, Larsen & Turbo Ltd, and Atom Power Inc, which offer an extensive range of circuit breakers, has further augmented the overall market expansion at the country level.

Key developments in the Global Circuit Breaker Market:

• In September 2024, Hitachi Energy collaborated with Tirreno Power to install Italy's first eco-efficient 420-kilovolt (kV) SF6-free circuit breaker. Made in Italy, the pioneering equipment built at Hitachi Energy's factory in Lodi is expected to be installed in 2025. It's a huge step towards making Italy's electricity network more sustainable.
• In August 2024, Mitsubishi Electric Corporation announced that it had signed an agreement with Siemens Energy Global GmbH & Co. KG headquartered in Munich, Federal Republic of Germany, to co-develop Direct Current (DC) Switching Stations and DC Circuit Breaker requirement specifications. The goal is to realize Multi-terminal High Voltage DC (HVDC) systems to enable efficient operation of large-scale renewable energy resources. Under this new agreement, Mitsubishi Electric and Siemens Energy target to further accelerate the deployment of DC Circuit Breaker technology and hence contribute towards worldwide decarbonization.

Global Circuit Breaker Market Scope:

Report Metric	Details
Circuit Breaker Market Size in 2025	US$7.457 billion
Circuit Breaker Market Size in 2030	US$10.428 billion
Growth Rate	CAGR of 6.94%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Installation Insulation type Rated Voltage End-Users Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Circuit Breaker Market	Eaton Corporation Larsen & Toubro Ltd BEL Fuse Inc. Salzer Group Hitachi
Customization Scope	Free report customization with purchase

 

The global circuit breaker market is segmented and analyzed as follows:

• By Installation
  • Indoor
  • Outdoor
• By Insulation type
  • Air Circuit Breaker
  • Oil Circuit Breaker
  • Gas Circuit Breaker
  • Others
• By Rated Voltage
  • Up to 500V
  • 500V – 15kV
  • 15kV – 600kV
  • Above 600kV
• By End-users
  • Industrial
  • Commercial
  • Residential
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • Spain
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL CIRCUIT BREAKER MARKET BY TECHNOLOGY

5.1. Introduction

5.2. Indoor

5.3. Outdoor

6. GLOBAL CIRCUIT BREAKER MARKET BY END-USER

6.1. Introduction

6.2. Air Circuit Breaker

6.3. Oil Circuit Breaker

6.4. Gas Circuit Breaker

6.5. Others

7. GLOBAL CIRCUIT BREAKER MARKET BY RATED VOLTAGE

7.1. Introduction

7.2. Up to 500V

7.3. 500V – 15kV

7.4. 15kV – 600kV

7.5. Above 600kV

8. GLOBAL CIRCUIT BREAKER MARKET BY END-USERS

8.1. Introduction

8.2. Industrial

8.3. Commercial

8.4. Residential

9. GLOBAL CIRCUIT BREAKER MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Installation

9.2.2. By Type

9.2.3. By Voltage

9.2.4. By End-User

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Installation

9.3.2. By Type

9.3.3. By Voltage

9.3.4. By End-User 

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Installation

9.4.2. By Type

9.4.3. By Voltage

9.4.4. By End-User

9.4.5. By Country

9.4.5.1. UK

9.4.5.2. Germany

9.4.5.3. Spain

9.4.5.4. France

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Installation

9.5.2. By Type

9.5.3. By Voltage

9.5.4. By End-User

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. South Africa

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Installation

9.6.2. By Type

9.6.3. By Voltage

9.6.4. By End-User

9.6.5. By Country

9.6.5.1. China 

9.6.5.2. Japan

9.6.5.3. India

9.6.5.4. Australia

9.6.5.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. ABB Ltd

11.2. CG Power and Industrial Solutions Limited

11.3. Eaton Corporation

11.4.  Larsen & Toubro Ltd

11.5.  BEL Fuse Inc.

11.6.  Salzer Group

11.7. Hitachi

11.8. Camso Electric 

11.9.  Toshiba

11.10. Siemens AG

11.11.  Mitsubishi Electric Corp

11.12. Fuji Electric

11.13. Powell Industries Inc

11.14.  Hawker Siddeley Switchgear

11.15. Tavrida Electric

ABB Ltd

CG Power and Industrial Solutions Limited

Eaton Corporation

Larsen & Toubro Ltd

BEL Fuse Inc.

Salzer Group

Hitachi

Camso Electric 

Toshiba

Siemens AG

Mitsubishi Electric Corp

Fuji Electric

Powell Industries Inc

Hawker Siddeley Switchgear

Tavrida Electric