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Circuit Protection Market Share

Report ID: GMI9939
Published Date: Jun 2024
Report Format: PDF

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Circuit Protection Market Share

ABB Ltd. and Siemens AG together held over 15% share of the market in 2023. The company, headquartered in Zurich, Switzerland, is a global leader in electrification, industrial automation, robotics, and motion. ABB has established itself as a prominent player in the circuit protection industry and beyond. It offers a range of circuit breakers, including Miniature Circuit Breakers (MCBs), Molded Case Circuit Breakers (MCCBs), and Air Circuit Breakers (ACBs), catering to various industrial, commercial, and residential applications.

Siemens AG is a global powerhouse in the field of electrification, automation, and digitalization. Founded in 1847 in Berlin, Germany, Siemens has grown into one of the world's largest conglomerates, operating across numerous sectors including energy, healthcare, industrial automation, and infrastructure. It is known for its continuous innovations in circuit protection technologies. The company develops advanced solutions that integrate smart features such as remote monitoring, diagnostics, and predictive maintenance capabilities.

Circuit Protection Market Companies

Major players operating in the circuit protection industry are:

ABB Ltd.
Siemens AG
General Electric (GE)
Mitsubishi Electric Corporation
Eaton Corporation
Schneider Electric SE
NXP Semiconductors N.V.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global industry size for circuit protection was valued at USD 52.6 billion in 2023 and is anticipated to register over 7.3% CAGR between 2024 and 2032 driven by rapid urbanization and infrastructure development and developments in renewable energy infrastructure.

The commercial and residential segment in the circuit protection market is expected to reach USD 25 billion by 2032 owing to the rising adoption of smart home technology

Asia Pacific market is expected to reach USD 35 billion by 2032 due to the rapid industrialization, urban development, and substantial investments in infrastructure projects requiring robust electrical protection solutions.

ABB Ltd., Siemens AG, General Electric (GE), Mitsubishi Electric Corporation, Eaton Corporation, Schneider Electric SE, and NXP Semiconductors N.V.