Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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:

  • Insulation Type
  • Installation
  • Voltage
  • End Use
  • Region
Breakup by Insulation Type
  • Air
  • Vacuum
  • Gas
  • Oil
Breakup by Installation
  • Indoor
  • Outdoor
Breakup by Voltage
  • Low Voltage
  • Medium Voltage
  • High Voltage
Breakup by End Use
  • Transmission and Distribution Utilities
  • Renewables
  • Power Generation Plants
  • Railways
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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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