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Global Low Voltage Circuit Breaker Market: By Type: Miniature Circuit Breaker (MCB), Moulded Case Circuit Breaker (MCCB), Air Circuit Breaker; By Application: Energy Allocation, Others; By End User; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Low Voltage Circuit Breaker Market Outlook

The global low voltage circuit breaker market stood at a value of around USD 3.4 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5% to reach USD 4.6 billion by 2027.

 

The Miniature Circuit Breaker (MCB) Segment Based on Type Holds a Significant Share in the Global Low Voltage Circuit Breaker Industry

The miniature circuit breaker (MCB) segment based on type accounts for a significant share in the market owing to the electrical safety offered by MCBs. An MCB, in an overload or faulty condition, automatically switches off electric current, thereby preventing any harm.

 

Global Low Voltage Circuit Breaker Market

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The electrical and electronics industry has witnessed a transition from fuse to miniature circuit breakers (MCB) as the product is more reliable and efficient. Furthermore, MCB can easily identify the faulty zone of an electric circuit, possesses high electrical sensitivity, and has a less maintenance and replacement cost. Hence, the MCB segment is likely to attain a steady growth in the forecast period.

 

The Asia Pacific Accounts for the Largest Share in the Market

The low voltage circuit breaker industry in the Asia Pacific is driven by the expanding consumer base and the heavy presence of manufacturers in the region. In addition to this, China and India come under the list of top renewable energy producing countries. Furthermore, the growing efforts and rising investments in research and development (R&D) activities by the manufacturers are likely to provide lucrative opportunities for the market expansion. Hence, the market in the region is likely to witness a significant growth in the forecast period.

 

Low Voltage Circuit Breaker: Market Segmentation

A low voltage circuit breaker, an electrical switch, is designed to protect an electrical circuit from excess current and the subsequent damages caused by an overload or short circuit. It achieves so by interrupting current flow after a fault is detected.  It is used in low-voltage power grid distribution equipment. A low voltage circuit breaker is suited for circuits rated at 600 volts or lower. These circuit breakers are commonly used in domestic, commercial, and industrial applications and are generally installed in draw-out enclosures to facilitate the removal and interchange without dismantling the switchgear. They provide benefits such as improved safety of personnel and property and are also made for direct-current (DC) applications like the DC required for subway lines.

Based on type, the market can be segmented into:

  • Miniature Circuit Breaker (MCB)
  • Moulded Case Circuit Breaker (MCCB)
  • Air Circuit Breaker

The major applications of low voltage circuit breakers include:

  • Energy Allocation
  • Shut-off Circuit
  • Others

The significant end users of the product include:

  • Residential
  • Commercial
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Electricity from Various End Use Sectors to Boost the Growth of Low Voltage Circuit Breaker Industry

The global low voltage circuit breaker industry is driven by the rising demand for electricity from various end use industries, including oil and gas, agriculture, automotive, semiconductor, and construction, among others. In these industries, it is important to prevent abnormal conditions such as faulty operations, short circuits, cases of faults in motor-powered devices, and others. Hence, the demand for low voltage circuit breakers is anticipated to witness a surge in the forecast period. In addition to this, the growing residential construction in emerging economies, owing to the rising population and increasing disposable incomes, is likely to provide impetus to the market in the coming years.

 

Key Industry Players in the Global Low Voltage Circuit Breaker Market

The report gives a detailed analysis of the following key players in the global low voltage circuit breaker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd.
  • Schneider Electric Company
  • Siemens AG
  • Eaton Corporation
  • Panasonic Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End User, Region
Breakup by Type Miniature Circuit Breaker (MCB), Moulded Case Circuit Breaker (MCCB), Air Circuit Breaker
Breakup by Application Energy Allocation, Shut-off Circuit, Others
Breakup by End User Residential, Commercial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd., Schneider Electric Company, Siemens AG, Eaton Corporation, Panasonic Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Low Voltage Circuit Breaker Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Low Voltage Circuit Breaker Historical Market (2018-2022) 
    8.3    Global Low Voltage Circuit Breaker Market Forecast (2023-2028)
    8.4    Global Low Voltage Circuit Breaker Market by Type
        8.4.1    Miniature Circuit Breaker (MCB)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Moulded Case Circuit Breaker (MCCB)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Air Circuit Breaker
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Low Voltage Circuit Breaker Market by Application
        8.5.1    Energy Allocation
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Shut-off Circuit
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Low Voltage Circuit Breaker Market by End User
        8.6.1    Residential
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Commercial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Low Voltage Circuit Breaker Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028) 
9    North America Low Voltage Circuit Breaker Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Low Voltage Circuit Breaker Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Low Voltage Circuit Breaker Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Low Voltage Circuit Breaker Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Low Voltage Circuit Breaker Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
         16.2.1    ABB Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Schneider Electric Company
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     Siemens AG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Eaton Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Panasonic Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Low Voltage Circuit Breaker Market: Key Industry Highlights, 2018 and 2028
2.    Global Low Voltage Circuit Breaker Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Low Voltage Circuit Breaker Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Low Voltage Circuit Breaker Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Low Voltage Circuit Breaker Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Low Voltage Circuit Breaker Historical Market: Breakup by End-User (USD Billion), 2018-2022
7.    Global Low Voltage Circuit Breaker Market Forecast: Breakup by End-User (USD Billion), 2023-2028
8.    Global Low Voltage Circuit Breaker Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Low Voltage Circuit Breaker Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Low Voltage Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Low Voltage Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Low Voltage Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Low Voltage Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Low Voltage Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Low Voltage Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Low Voltage Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Low Voltage Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Low Voltage Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Low Voltage Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Low Voltage Circuit Breaker Market Structure

Key Questions Answered in the Report

In 2021, the global low voltage circuit breaker market attained a value of nearly USD 3.4 billion.

The market is estimated to grow at a CAGR of 5% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 4.6 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, among which, the Asia Pacific accounts for the largest share in the market.

The major drivers of the industry, such as the rising utilisation of low voltage circuit breakers in the residential and commercial sectors, rising demand for electricity, and increasing focus to prevent short circuits in critical environments to provide improved safety, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing residential construction, thereby propelling the demand for low voltage circuit breakers.

Miniature circuit breaker (MCB), moulded case circuit breaker (MCCB), and air circuit breaker,  are the major types of low voltage circuit breakers in the market.

Energy allocation, and shut-off circuit, among others are the different applications of the product.

Residential, and commercial, among others, are the major end users of low voltage circuit breakers.

The major players in the industry are ABB Ltd., Schneider Electric Company, Siemens AG, Eaton Corporation, and Panasonic Corporation, among others.

Analyst Review

The global low voltage circuit breaker market attained a value of USD 3.4 billion in 2021, driven by the growing consumer base of the product. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%. The market is projected to reach USD 4.6 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into miniature circuit breaker (MCB), moulded case circuit breaker (MCCB), and air circuit breaker.  On the basis of application, the market is divided into energy allocation, and shut-off circuit, among others. The major end users of the product include residential, and commercial, among others. The major regional markets for low voltage circuit breaker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, among which, the Asia Pacific accounts for the largest share in the market. The key players in the above market include ABB Ltd., Schneider Electric Company, Siemens AG, Eaton Corporation, and Panasonic Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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