The North America Circuit Breakers Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
A circuit breaker is an automatic safety device that prevents variations in current flow while also protecting other devices connected to the circuit. It also aids in the effective management, regulation, and mastery of electric power. Moreover, it is presently available in a variety of sizes, ranging from small devices for low-current circuit protection to huge switchgear for high-voltage circuit protection. Circuit breakers are widely used in the construction, locomotive, and transportation industries because they are useful in low, medium, and high-voltage applications.
When a failure happens, the machine recognizes the overcurrent and activates the mechanism, which causes the moving contact to lose contact with the fixed contact, allowing the circuit to open. When the two contacts lose contact due to a large voltage difference between the stationary and moving portions, arcing might occur. As a result, the global market for breakers is being driven by increasing safety measures and awareness of protecting electrical systems.
The regional market is characterized by the modernization and automation of current businesses in these regions. In addition, one of the key trends of the regional market is increased investments in expanding infrastructure. The US Department of Energy has announced USD 220 million in funding for enterprises led by a wide collection of national laboratories to assist in the modernization of the country's electricity grid over the next few years.
In general, the country's grid system connects electricity from a large number of energy plants to 150 million clients via about five million kilometers of electrical wires and around 3300 utility companies. EPRI (Electric Power Research Institute) is working to transition the United States to a smarter, more secure national grid, which will provide consumers with more reliable, high-quality digital–grade power, better electricity-related services, and a cleaner environment. Therefore, these factors are anticipated to create lucrative growth opportunities for the players operating in the regional Circuit Breakers Market during the forecasting period.
The US market dominated the North America Circuit Breakers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,745.4 million by 2028. The Canada market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Circuit Breakers Market is Estimated to reach $13.8 Billion by 2028, at a CAGR of 6.6%
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Circuit Breakers Market, by Installation
1.4.2 North America Circuit Breakers Market, by Insulation Type
1.4.3 North America Circuit Breakers Market, by Voltage
1.4.4 North America Circuit Breakers Market, by End User
1.4.5 North America Circuit Breakers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jun – 2021, Oct) Leading Players
Chapter 4. North America Circuit Breakers Market by Installation
4.1 North America Outdoor Market by Country
4.2 North America Indoor Market by Country
Chapter 5. North America Circuit Breakers Market by Insulation Type
5.1 North America Gas Market by Country
5.2 North America Oil Market by Country
5.3 North America Vacuum Market by Country
5.4 North America Air Market by Country
Chapter 6. North America Circuit Breakers Market by Voltage
6.1 North America High Market by Country
6.2 North America Medium Market by Country
6.3 North America Low Market by Country
Chapter 7. North America Circuit Breakers Market by End User
7.1 North America Utilities Market by Country
7.2 North America Industrial Market by Country
7.3 North America Residential Market by Country
7.4 North America Commercial Market by Country
Chapter 8. North America Circuit Breakers Market by Country
8.1 US Circuit Breakers Market
8.1.1 US Circuit Breakers Market by Installation
8.1.2 US Circuit Breakers Market by Insulation Type
8.1.3 US Circuit Breakers Market by Voltage
8.1.4 US Circuit Breakers Market by End User
8.2 Canada Circuit Breakers Market
8.2.1 Canada Circuit Breakers Market by Installation
8.2.2 Canada Circuit Breakers Market by Insulation Type
8.2.3 Canada Circuit Breakers Market by Voltage
8.2.4 Canada Circuit Breakers Market by End User
8.3 Mexico Circuit Breakers Market
8.3.1 Mexico Circuit Breakers Market by Installation
8.3.2 Mexico Circuit Breakers Market by Insulation Type
8.3.3 Mexico Circuit Breakers Market by Voltage
8.3.4 Mexico Circuit Breakers Market by End User
8.4 Rest of North America Circuit Breakers Market
8.4.1 Rest of North America Circuit Breakers Market by Installation
8.4.2 Rest of North America Circuit Breakers Market by Insulation Type
8.4.3 Rest of North America Circuit Breakers Market by Voltage
8.4.4 Rest of North America Circuit Breakers Market by End User
Chapter 9. Company Profiles
9.1 Siemens AG
9.1.1 Company Overview
9.1.1 Financial Analysis
9.1.2 Segmental and Regional Analysis
9.1.3 Research & Development Expense
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.4.2 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 ABB Group
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Eaton Corporation PLC
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.4 Schneider Electric SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental And Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 ALSTOM Holdings
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.7 Furukawa Electric Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.8 Toshiba Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research and Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.9 Kirloskar Electric Co. Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.10. Powell Industries, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research and Development Expense
TABLE 1 North America Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 7 North America Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 8 North America Outdoor Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Outdoor Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Indoor Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Indoor Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 13 North America Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 14 North America Gas Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Gas Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Oil Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Oil Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Vacuum Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Vacuum Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Air Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Air Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 23 North America Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 24 North America High Market by Country, 2018 - 2021, USD Million
TABLE 25 North America High Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Medium Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Medium Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Low Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Low Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 31 North America Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 32 North America Utilities Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Utilities Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Circuit Breakers Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Circuit Breakers Market by Country, 2022 - 2028, USD Million
TABLE 42 US Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 43 US Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 44 US Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 45 US Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 46 US Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 47 US Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 48 US Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 49 US Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 50 US Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 51 US Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 52 Canada Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 53 Canada Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 54 Canada Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 55 Canada Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 56 Canada Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 57 Canada Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 58 Canada Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 59 Canada Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 60 Canada Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 61 Canada Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 62 Mexico Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 63 Mexico Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 64 Mexico Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 65 Mexico Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 66 Mexico Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 67 Mexico Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 68 Mexico Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 69 Mexico Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 70 Mexico Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 71 Mexico Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 72 Rest of North America Circuit Breakers Market, 2018 - 2021, USD Million
TABLE 73 Rest of North America Circuit Breakers Market, 2022 - 2028, USD Million
TABLE 74 Rest of North America Circuit Breakers Market by Installation, 2018 - 2021, USD Million
TABLE 75 Rest of North America Circuit Breakers Market by Installation, 2022 - 2028, USD Million
TABLE 76 Rest of North America Circuit Breakers Market by Insulation Type, 2018 - 2021, USD Million
TABLE 77 Rest of North America Circuit Breakers Market by Insulation Type, 2022 - 2028, USD Million
TABLE 78 Rest of North America Circuit Breakers Market by Voltage, 2018 - 2021, USD Million
TABLE 79 Rest of North America Circuit Breakers Market by Voltage, 2022 - 2028, USD Million
TABLE 80 Rest of North America Circuit Breakers Market by End User, 2018 - 2021, USD Million
TABLE 81 Rest of North America Circuit Breakers Market by End User, 2022 - 2028, USD Million
TABLE 82 Key Information – Siemens AG
TABLE 83 Key Information – ABB Group
TABLE 84 key information – Eaton Corporation PLC
TABLE 85 Key information – Schneider Electric SE
TABLE 86 Key Information – ALSTOM Holdings
TABLE 87 key information – Mitsubishi Electric Corporation
TABLE 88 Key Information –Furukawa Electric Co., Ltd.
TABLE 89 Key Information – Toshiba Corporation
TABLE 90 Key Information – Kirloskar Electric Co., Ltd.
TABLE 91 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