The Asia Pacific Circuit Breakers Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Factors such as rising safety concerns about short circuits and damage caused by power fluctuations, and rising demand for advanced equipment in the electronics, automotive, and telecommunication segments would act as growth catalysts for the industry. Additionally, increased access to energy in emerging countries, increased building, and development activities, and an increase in the number of renewable power generation projects are all factors that are expected to propel the circuit breaker market forward. Because of the rapid adoption of IT and IoT technologies in many activities, devices require suitable power regulation for greater performance. The demand for these breakers is further strengthened by the requirement for sufficient power output to regulate future electricity consumption, resulting in a surge in demand for all types of protective equipment.
The demand for power has been steadily increasing in recent years. In the transmission and distribution of power, circuit breakers are useful. Moreover, in response to a growing need for energy conservation, governments around the world are launching a slew of projects to create efficient and smart power systems. Hence, these factors are anticipated to fuel the growth of the market in the upcoming years.
Some of the major trends in the regional market are increased infrastructural development, commercial ventures, and industries. In addition, the Asia Pacific region is a global manufacturing hub, and every industrial and manufacturing unit uses a variety of electrical switches. Moreover, the regional market is expected to witness bright prospects due to increase as the number of manufacturing and industrial trip units increases.
Railways, metros, commercial centers, bullet trains, IT hubs, and other facilities that require consistent and reliable energy supply use breakers. The need for electrical switches has increased as a result of rapid urbanization. The demand for autonomously operated electrical switches has increased as the number of power production plants and transmission infrastructure has grown. China, South Korea, Japan, and India are among the world's leaders in the technology and production of these breakers.
The China market dominated the Asia Pacific Circuit Breakers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,470.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.9% during (2022 - 2028).
Based on Installation, the market is segmented into Outdoor and Indoor. Based on Insulation Type, the market is segmented into Gas, Oil, Vacuum, and Air. Based on Voltage, the market is segmented into High, Medium, and Low. Based on End User, the market is segmented into Utilities, Industrial, Residential, and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Circuit Breakers Market is Projected to reach USD 13.8 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, ABB Group, Eaton Corporation PLC, Schneider Electric SE, Alstom Holdings, Mitsubishi Electric Corporation, Furukawa Electric Co., Ltd., Toshiba Corporation, Kirloskar Electric Co. Ltd., and Powell Industries, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Installation
By Insulation
By Voltage
By End User
- Utilities
- Industrial
- Residential
- Commercial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- ABB Group
- Eaton Corporation PLC
- Schneider Electric SE
- Alstom Holdings
- Mitsubishi Electric Corporation
- Furukawa Electric Co., Ltd.
- Toshiba Corporation
- Kirloskar Electric Co. Ltd.
- Powell Industries, Inc.
TABLE 1 Asia Pacific Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Circuit Breakers Market
TABLE 4 Product Launches And Product Expansions– Circuit Breakers Market
TABLE 5 Acquisition and Mergers– Circuit Breakers Market
TABLE 6 Asia Pacific Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Outdoor Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Outdoor Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Indoor Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Indoor Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Gas Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Gas Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Oil Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Oil Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Vacuum Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Vacuum Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Air Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Air Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 24 Asia Pacific High Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific High Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Medium Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Medium Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Low Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Low Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Utilities Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Utilities Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Circuit Breakers Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Circuit Breakers Market by Country, 2022 - 2028, USD Million
TABLE 42 China Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 43 China Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 44 China Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 45 China Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 46 China Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 47 China Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 48 China Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 49 China Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 50 China Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 51 China Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 52 Japan Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 53 Japan Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 54 Japan Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 55 Japan Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 56 Japan Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 57 Japan Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 58 Japan Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 59 Japan Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 60 Japan Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 61 Japan Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 62 India Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 63 India Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 64 India Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 65 India Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 66 India Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 67 India Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 68 India Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 69 India Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 70 India Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 71 India Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 72 South Korea Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 73 South Korea Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 74 South Korea Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 75 South Korea Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 76 South Korea Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 77 South Korea Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 78 South Korea Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 79 South Korea Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 80 South Korea Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 81 South Korea Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 82 Singapore Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 83 Singapore Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 84 Singapore Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 85 Singapore Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 86 Singapore Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 87 Singapore Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 88 Singapore Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 89 Singapore Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 90 Singapore Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 91 Singapore Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 92 Malaysia Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 93 Malaysia Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 94 Malaysia Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 95 Malaysia Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 96 Malaysia Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 97 Malaysia Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 98 Malaysia Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 99 Malaysia Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 100 Malaysia Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 101 Malaysia Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 108 Rest of Asia Pacific Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 109 Rest of Asia Pacific Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 110 Rest of Asia Pacific Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 111 Rest of Asia Pacific Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 112 Key Information – Siemens AG
TABLE 113 Key Information – ABB Group
TABLE 114 key information – Eaton Corporation PLC
TABLE 115 Key information – Schneider Electric SE
TABLE 116 Key Information – ALSTOM Holdings
TABLE 117 key information – Mitsubishi Electric Corporation
TABLE 118 Key Information –Furukawa Electric Co., Ltd.
TABLE 119 Key Information – Toshiba Corporation
TABLE 120 Key Information – Kirloskar Electric Co., Ltd.
TABLE 121 Key Information – Powell Industries, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jun – 2021, Oct) Leading Players
FIG 5 Recent strategies and developments: Siemens AG
FIG 6 Swot analysis: Siemens AG
FIG 7 Recent strategies and developments: Eaton Corporation PLC
FIG 8 Recent strategies and developments: Schneider Electric SE
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: Mitsubishi Electric Corporation