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United States Circuit Breaker Market Size, Share, Analysis: By Insulation Type: Air, Vacuum, Gas, Oil; By Installation: Indoor, Outdoor; By Voltage: Low Voltage, Medium Voltage, High Voltage; By End Use: Transmission and Distribution Utilities, Renewables, Power Generation Plants, Railways; Regional Analysis; Competitive Landscape; 2024-2032
United States Circuit Breaker Market Outlook
The United States circuit breaker market size reached approximately USD 2.57 billion in 2023. The market is further projected to grow at a CAGR of 5.8% between 2024 and 2032, reaching a value of USD 4.31 billion by 2032.
Key Trends in the Market
Circuit breakers refer to electrical safety devices that are designed to provide protection against damage caused by overcurrent, overload, and short circuit to electrical circuits. Circuit breakers find usage in both industrial and residential applications. This product is essential for ensuring the safety of electrical systems and helps in prevention of power outages caused by fault and fires.
- Increasing awareness about the necessity of adopting electrical safety equipment due to rising incidences of fire and short circuits is supporting the United States circuit breaker market growth. The circuit breakers provide protection to electrical systems and prevent electrical fires.
- The increase in investment towards the development of smart cities and rise in shift towards electrical vehicles due to growing environmental concerns are bolstering the demand for circuit breakers to support the evolving power distribution requirements.
- The rise in electrification initiatives in the rural regions across the country is providing lucrative growth opportunities to the market. The increasing investments towards the development of smart circuit breakers is further supporting the market expansion. These circuit breakers provide real time monitoring, remote control and automation, and energy efficiency, among others.
United States Circuit Breaker Market Segmentation
On the basis of insulation type, the market is divided into air, vacuum, gas, and oil. Based on installation, the market is bifurcated into indoor and outdoor. On the basis of voltage, the market is classified into low voltage, medium voltage, and high voltage.
Based on end use, the market is segregated into transmission and distribution utilities, renewables, power generation plants, and railways. On the basis of region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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. The report gives a detailed analysis of the following key players in the United States circuit breaker market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Sensata Technologies Holding Plc
- ABB Ltd.
- Eaton Corporation plc
- Toshiba Corp.
- Schneider Electric SE
- General Electric Co.
- CG Power and Industrial Solutions Ltd.
- LS Electric Co. Ltd.
- alfanar Group
- Weidmüller Interface GmbH & Co. KG
- Others
Market Share by Voltage
As per the United States circuit breaker market analysis, high voltage circuit breakers are anticipated to witness significant growth over the forecast period. High voltage circuit breakers find applications in various sectors including utility, commercial, and industrial, among others. Increasing investments towards infrastructure development activities and rising electrification of rural regions is further supporting the segment growth and market expansion.
Market Share by End Use
Power generation is anticipated to account for a significant United States circuit breaker market share. This growth can be attributed to the rapid expansion of the IT sector in the region. The increase in utilisation of IT services for effective management of IT accessories and a wide range of processes in bolstering the requirement for circuit breakers. The growing requirement for protective devices for effective power generation to meet the rising demand for electricity is further supporting the segment growth. This increased requirement for electricity can be attributed to the rapid population growth.
Additionally, the increasing investments in railway development projects is further boosting the United States circuit breaker market demand.
Competitive Landscape
Sensata Technologies Holding Plc is one of the leading industrial technology companies that develops circuit breakers, sensors, software, and controllers, among others. The company was founded in 1916 and is headquartered in Massachusetts, United States.
ABB Ltd., headquartered in Zurich, Switzerland is an electrical equipment manufacturer that is also involved in power generation, industrial automation, distribution and transmission, and robotics, among others. The company was founded in 1988.
Eaton Corporation plc is one of the leading intelligent power management companies that operates through different segments, including aerospace, electrical systems and services, e-mobility, and vehicles, among others. The company was founded in 1911 and is headquartered in Dublin, Ireland.
Other United States circuit breaker market players include Toshiba Corp., Schneider Electric SE, General Electric Co., CG Power and Industrial Solutions Ltd., LS Electric Co. Ltd., alfanar Group, and Weidmüller Interface GmbH & Co. KG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Insulation Type |
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| Breakup by Installation |
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| Breakup by Voltage |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Circuit Breaker Market Overview
8.1 Key Industry Highlights
8.2 North America Circuit Breaker Historical Market (2018-2023)
8.3 North America Circuit Breaker Market Forecast (2024-2032)
8.4 North America Circuit Breaker Market Share by Region
8.4.1 United States
8.4.2 Canada
9 United States Circuit Breaker Market Overview
9.1 Key Industry Highlights
9.2 United States Circuit Breaker Historical Market (2018-2023)
9.3 United States Circuit Breaker Market Forecast (2024-2032)
10 United States Circuit Breaker Market by Insulation Type
10.1 Air
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Vacuum
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Gas
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Oil
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 United States Circuit Breaker Market by Installation
11.1 Indoor
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Outdoor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Circuit Breaker Market by Voltage
12.1 Low Voltage
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Medium Voltage
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 High Voltage
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Circuit Breaker Market by End Use
13.1 Transmission and Distribution Utilities
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Renewables
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Power Generation Plants
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Railways
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 United States Circuit Breaker Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Sensata Technologies Holding Plc
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 ABB Ltd.
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 Eaton Corporation plc
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 Toshiba Corp.
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 Schneider Electric SE
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 General Electric Co.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 CG Power and Industrial Solutions Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 LS Electric Co. Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 alfanar Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Weidmüller Interface GmbH & Co. KG
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Circuit Breaker Market: Key Industry Highlights, 2018 and 2032
2. United States Circuit Breaker Market: Key Industry Highlights, 2018 and 2032
3. United States Circuit Breaker Historical Market: Breakup by Insulation Type (USD Billion), 2018-2023
4. United States Circuit Breaker Market Forecast: Breakup by Insulation Type (USD Billion), 2024-2032
5. United States Circuit Breaker Historical Market: Breakup by Installation (USD Billion), 2018-2023
6. United States Circuit Breaker Market Forecast: Breakup by Installation (USD Billion), 2024-2032
7. United States Circuit Breaker Historical Market: Breakup by Voltage (USD Billion), 2018-2023
8. United States Circuit Breaker Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
9. United States Circuit Breaker Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States Circuit Breaker Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States Circuit Breaker Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Circuit Breaker Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States Circuit Breaker Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 2.57 billion in 2023.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.31 billion by 2032.
The major market drivers include increasing incidences of electric fires and growing investments towards the development of smart circuit breakers.
The key trends fuelling the growth of the market include rising demand for circuit breakers due to increase in investment towards the development of smart cities and rise in shift towards electrical vehicles.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The end uses of circuit breakers include transmission and distribution utilities, renewables, power generation plants, and railways.
The key players in the market are Sensata Technologies Holding Plc, ABB Ltd., Eaton Corporation plc, Toshiba Corp., Schneider Electric SE, General Electric Co., CG Power and Industrial Solutions Ltd., LS Electric Co. Ltd., alfanar Group, and Weidmüller Interface GmbH & Co. KG, among others.
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