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Circuit Breaker Market Share
Schneider Electric holds a significant market share in the circuit breaker industry due to its extensive product range, global presence, and strong focus on innovation. The company's advanced technologies, such as digital and smart circuit breakers, along with its reputation for reliability and energy efficiency, contribute to its dominant position across industrial, residential, and commercial sectors worldwide.
Circuit Breaker Market Companies
Major players operating in the circuit breaker industry are:
- ABB
- Alfanar Group
- CG Power
- Eaton
- General Electric
- HD Hyundai Electric
- Kirloskar Electric
- LS Electric
- Mitsubishi Electric
- Powell Industries
- Schneider Electric
- Sensata Technologies
- Siemens Energy
- Toshiba International
- WEG
What is the growth projection for the low voltage circuit breaker industry?
The low voltage circuit breaker segment is expected to surpass USD 29 billion by 2034, fueled by increasing demand for safety, energy efficiency, and smart solutions.
How big is the circuit breaker market?
The market size of circuit breaker reached USD 23.2 billion in 2024 and is set to grow at a CAGR of 8.6% from 2025 to 2034, driven by technological advancements and infrastructure development.
How much is the U.S. circuit breaker market worth?
The U.S. market is projected to exceed USD 6.5 billion by 2034, supported by grid modernization, sustainability initiatives, and smart grid adoption.
Who are the major players in the circuit breaker industry?
Key players in the industry include ABB, Alfanar Group, CG Power, Eaton, General Electric, HD Hyundai Electric, Kirloskar Electric, LS Electric, Mitsubishi Electric, Powell Industries, Schneider Electric, Sensata Technologies, Siemens Energy, Toshiba International, and WEG.