Report ID: 10352083 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
In 2021, the global low-voltage circuit breaker market is estimated to be worth USD 4 billion and is expected to expand at a compound annual growth rate of 5% from 2022 to 2030. Acts as overcurrent, overvoltage, and short circuit, and operates at nominal voltages up to 1,000 V. Its basic function is to detect faults by continuously and immediately interrupting the current. Compared with the fuse that needs to be replaced once it works, the low-voltage circuit breaker can be reset manually or automatically to restore the normal option. The global low-voltage circuit breaker market is divided by type, application, end-use industry and region. According to the type, it is divided into miniature circuit breakers, molded case circuit breakers and air circuit breakers.
According to the purpose, it is divided into power distribution, cut-off circuit, etc. According to the end user industry, the market is divided into residential, commercial and other industries. Regarding the region, analysis was conducted in North America, Europe, Asia Pacific and LAMEA. The global low-voltage circuit breaker industry covers detailed information on the main players. Some of the major players in the market include ABB, Ltd, Changshu Switchgear Mfg. Co., Ltd., Peoples Electric Group Co., Ltd., Shanghai Delixi Group Co., Ltd., Schneider Electric, Eaton, Hager Group, Fuji Electric FA Components and Systems Co., Ltd., Hyundai Power Energy System Co., Ltd., Shanghai Liangxin Electric Co., Ltd. ( Nader), Mitsubishi Electric, Siemens, Chint, Panasonic, Danfoss, Rockwell Automation, Circutor SA, Lovato Electric SPA, WEG Group, ETA GmbH, Carling Technologies, Inc., Schurter Holding AG, and Britec Electric.
Adopt a variety of strategies, such as product launches and partnerships, to maintain competitiveness in the low-voltage circuit breaker market, such as Rockwell Automation. (An industrial automation products and control company) introduced Allen-Bradleys new 140 MP motor protection circuit breaker. This new device is designed to provide short-circuit protection and overload protection up to 32 A, and a breaking rating of up to 100 kA at 400 V. This strengthens the companys product portfolio.
Low-voltage circuit breaker market, by type:
by type, the miniature circuit breaker segment has the largest market share in 2020, due to the increased demand for miniature circuit breakers for cable protection, small motor protection, X-ray machines, and UPS systems , And other residential and commercial applications.
Low-voltage circuit breaker market by region:
In terms of revenue, the Asia-Pacific region accounted for the largest share of the low-voltage circuit breaker market in 2020 and is expected to maintain its dominant position throughout the forecast period. This is due to a variety of factors, such as the large consumer base and the presence of major players in the region. In addition, the presence of developing countries such as China, Japan, Australia and India is expected to contribute to the growth of the Asia-Pacific market. In addition, according to data from the International Renewable Energy Agency, China and India are among the top five renewable energy producers in the world, further increasing the demand for low-voltage circuit breakers in the region.
The global spread of the coronavirus has had a huge impact on various industries and countries around the world. Due to the blockade of the various economies analyzed in the report and other economies, the growth rate of the construction and construction, transportation, oil and gas, energy and other industries has declined. In addition, since the past three months, power demand in areas affected by COVID-19 has declined, which is expected to hinder the growth of the low-voltage circuit breaker market in the next one to two years. In Europe, economies such as Germany, France, Spain, and Italy are taking strict measures to curb the spread of the coronavirus in their respective regions. The decline in global energy demand due to operational shutdown, manufacturing, and delays in the installation of renewable energy and other infrastructure is expected to limit the growth rate of the global low-voltage circuit breaker market in 2020, which is expected to increase in the first quarter of 2021 by the end of 2020.
Main benefits for stakeholders:
The report includes a comprehensive analysis of the global low-voltage circuit breaker market in different market segments and provides market estimates from 2022-2030. A comprehensive analysis of the factors that promote and inhibit the growth of the global market has been carried out. The five forces model illustrates the strength of buyers and sellers, and is estimated to help market participants adopt effective strategies. Estimates and forecasts are based on the pressure of factors affecting the growth of the global circuit breaker market, in terms of value. The report includes a forecast analysis of the switch market from 2022-2030, and a profile analysis of major market participants to understand their strategies. This report analyzes the current global switch market trends in detail. Low-voltage circuit breakers and future estimates. In 2022-2030, help identify current market opportunities.
Main market segments:
By type Miniature circuit breakers Molded case circuit breakers Air circuit breakers By application Power distribution circuit breakers Others by end use Industrial Residential Commercial Other.
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Report ID: 10352083 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
