Industrial Circuit Breaker Market - By Voltage, By Installation, By End Use, Analysis, Share, & Forecast, 2025 - 2034

Industrial Circuit Breaker Market Size

The global industrial circuit breaker market size was valued at USD 3.6 billion in 2024 and is estimated to reach the value of USD 8.4 billion by 2034, growing at a CAGR of 8.4% from 2025 to 2034. The ongoing industrialization, investment in the energy infrastructure, and the growing use of renewable energy are driving the market growth.
 

Across manufacturing, data centers, and utilities, the need for advanced circuit breakers is on the rise due to a demand for enhanced safety, reliability, and intelligent monitoring features across grid networks. In October 2023, the US Department of Energy pledged spending for USD 13 million on circuit modernization and resilience, which includes infusion on circuit breaker infrastructure upgrades.
 

Shifting regulations towards electrical safety as well as the move towards SF?-free alternatives are stimulating innovation in the market. The EU F-gas Regulation (EU) No 517/2014 also has provisions for the phasing out of SF (6) gas from the medium voltage switchgear equipment, which in turn drives the demand growth for cleaner circuit breakers.
 

A momentous shift is occurring with the introduction of IoT-enabled circuit breakers with real-time monitoring and maintenance capabilities. In December 2023, the National Electrical Manufacturers Association (NEMA) updated their standards for smart circuit breakers to encompass cybersecurity requirements, which helps product penetration worldwide.
 

The industry is plagued by inflation in raw material prices and supply chain disruptions. However, companies and governments are coping through increased research and development spending, strategic alliances, and geographic expansion to consolidate their market position. In 2023, the U.S. Department of Energy Grid Modernization Initiative allocated USD 220 million for the advancement of smart circuit breaker technology and power distribution infrastructure.
 

Industrial Circuit Breaker Market Trends

• The market is experiencing transformation through technological advancement, environmental initiatives, and growing power requirements. Smart circuit breakers enhanced with IoT technology allow for remote maintenance and greater operational efficiency.
   
• The increase of environmental policies is accelerating the use of environmentally friendly alternatives, such as SF? free circuit breakers. Due to the adoption of renewable energy infrastructure and construction of HVDC grids, there is a growing demand for advanced DC circuit breakers. In May 2024, the White House announced plans to modernize the US electrical grid in a bid to overcome obstacles which would, in turn, facilitate the shift towards clean energy.
   
• Industries, healthcare organizations, and data centers are adopting advanced circuit protection devices to improve safety and operational reliability. These are measures that prevent electrical failures, lower downtime, and help equipment longevity. Advanced protection devices, such as breakers and surge suppressors, protect key systems from risks, ensuring there is no loss of power.
   
• Furthermore, the market continues to grow with the implementation of industrial automation, electrification, and modular configurable breakers. Firms spend a lot on R&D and concentrate on building strategic alliances to gain a competitive advantage. For instance, Biden Administration, under its GRIP program, invested USD 2.2 billion in 8 projects to enhance the power grid with a projected increase in transmission capacity by 13GW in 18 states by August 2024.
   

Industrial Circuit Breaker Market Analysis

• The market is segmented by voltage into high, medium and low voltage categories, with distinct trends propelling their adoption. The market was valued at USD 2.8 billion, USD 3.2 billion and USD 3.6 billion in 2022, 2023 and 2024 respectively and is expected to grow over USD 8.4 billion by 2034. The medium voltage segment dominates the market and will grow to a value of over USD 5 billion by 2034.
   
• The market of medium-voltage circuit breakers continues to grow owing to the expansion of power distribution networks, modern grid initiatives, and the incorporation of renewable energy sources. Also, the SF6 alternatives are being developed due to the newly implemented environmental regulations. In October 2024, the US Department of Energy proclaimed its investment of 1.5 billion dollars in four transmission projects to improve the reliability and resilience of the nation’s electricity grid.
   
• Industrial automation, intelligent buildings, and IoT-based power distribution systems are driving the demand for low-voltage circuit breakers. The market prefers compact, programmable breakers with remote monitoring to enhance efficiency and safety, which is a favorable situation for market growth.
   
• Increased deployment of HVDC transmission systems as well as grid stability needs are fostering growth in the high-voltage circuit breaker segment. The need for sustainable solutions as well as predictive maintenance and digitalization is fostering growth across all circuit breaker segments. In January 2023, China’s State Grid Corporation made the announcement to invest USD 77 billion in power transmission infrastructure for the year which adds to the USD 329 billion planned for the 2021-2025 Five Year Plan.
   

• The installation segment in the industrial circuit breaker market includes outdoor and indoor installations. The indoor installation segment constitutes a share of 58% in 2024 and is anticipated to grow at a CAGR of over 8.5% by the year 2034. The demand is driven by advancements in power distribution, safety standards, and infrastructure expansion.
   
• Indoor circuit breakers are increasingly sought after because of the smart grids, industrialization, and lack of space within data centers, commercial buildings, and manufacturing plants. The industry highly favors slim, modular, and digital versions with remote control capabilities. It is estimated that USD 104 million was budgeted in 2023 alone by the US DOE's Building Technologies Office to invest in R&D for enhanced building technologies like smart circuit protection systems.
   
• Outdoor circuit breakers have continued high demand in utility-level power transmission, renewable energy projects, and substations. Green policies are leading the way towards SF?-free, green breakers for outdoor applications. The European Investment Bank (EIB) is lending USD 252.33 million to ERG Group, a prominent independent wind and solar energy operator, to finance renewable energy development in Italy, France, and Germany, leading to rising product uptake.
   
• Furthermore, the outdoor and indoor circuit breakers industries are experiencing growth and expansion due to the improvement in late-stage predictive maintenance capabilities, real time monitoring systems, and enhanced durability. In December 2024, the EU and EIB allocated USD 2.80 billion to the Modernization Fund for 39 projects, boosting emission reduction and energy efficiency in eight countries.
   

• The U.S. industrial circuit breaker market experienced a noteworthy growth in 2022, 2023 and 2024 and was valued at USD 476 million, USD 532.3 million and USD 591.4 million respectively. The growth of the market is fueled by the development of smart grids, industrial automation, and the incorporation of renewable energy sources.
   
• Adoption of circuit breakers which are free of SF6 gas is prompted by environmental policies. The deploying of new HVDC transmission lines also serves to increase the market for high voltage circuit breakers. In May 2023, the EPA put forth a new proposal aimed at achieving a 75% reduction in sulfur hexafluoride (SF?) emissions from electric equipment by 2033.
   
• The European industrial circuit breaker industry is anticipated to grow over USD 1 billion by 2034, and this growth stems from grid modernization initiatives, renewable energy integration, and environmental regulations. The market shows increasing demand for SF?-free breakers and smart grid technologies.
   
• Market across Germany is witnessing a substantial growth due its strong industrial base, active energy transition, and adoption of innovative power distribution systems. In January 2025 the European Commission approved an investment of USD 1.30 billion for 41 energy infrastructure projects that cut across international borders. This investment was made under the Connecting Europe Facility for Energy and it seeks to further integrate the European Union energy market and decarbonize its economy.
   
• The Asia Pacific region holds a market share of over 45% in 2024 across industrial circuit breaker market. This growth is attributed to growing urbanization, industrialization, and increasing power requirements. Government investments in power transmission infrastructure, manufacturing facilities, and renewable energy systems increase the demand for low, medium, and high-voltage circuit breakers.
   
• China remains the dominant market player, supported by extensive energy infrastructure development, industrial expansion, and smart grid implementation. The National Development and Reform Commission of China made an announcement concerning a planned investment of USD 28.35 billion towards infrastructural advancement projects that shall be implemented by the year 2025.
   
• The Middle East & Africa industrial circuit breaker industry expands through power infrastructure development, industrial sector diversification, and renewable energy initiatives. The economy gains from investments in oil & gas plants, substation construction, and smart grid infrastructure.
   
• Regional leadership is upheld by Saudi Arabia through energy efficiency advancements, Vision 2030 initiatives, and utility development projects. The International Renewable Energy Agency, Khalifa University, and the Ministry of Energy and Infrastructure introduced the National Integrated Energy Model in March 2021.
   

Industrial Circuit Breaker Market Share

The top 7 companies operating in the market include Schneider Electric, Siemens Energy, ABB, Eaton, Mitsubishi Electric, and GE. Due to their emphasis on energy effectiveness, smart grid incorporation, and industrial automation, the companies are expected to increase their growth share from 40% by 2024.
 

ABB has a high market share in the market due to its large product range, international presence, and technology advancements. ABB provides a range of low, medium and high voltage circuit breakers with built-in digital functionalities that enhance reliability and efficiency. Moreover, in 2023, ABB launched a new line of Emax 2 circuit breakers which have increased levels of connectivity as well as energy management features.
 

By investing in smart grid technologies, making focused acquisitions, and increasing R&D spending, the firm is expanding its market reach to become a key supplier for industrial applications around the globe. In 2022, ABB partnered with Microsoft to start using cloud technologies to monitor ABB's circuit breakers.
 

Industrial Circuit Breaker Market Companies

• Schneider Electric features complete solutions for low and medium voltage circuit breaker requirements in industrial applications. The company’s EcoStruxure platform adds energy efficiency features and digital automation to industrial and commercial systems, enhancing their reliability and safety on a global scale. In 2023, Schneider Electric added MCCBs, and switch disconnectors up to 3200A into the NS range of ComPacT New Generation series. A new semi-transparent faceplate makes it easy to visually check the positioning of active auxiliaries.
   
• Siemens Energy advances high-voltage circuit breaker applications, contributing to grid modernization and protection. Its emphasis on digitalization and energy transition enhances its industrial power distribution. In March 2022, Siemens Energy teamed up with National Grid to upgrade a substation with fluorinated gas-free "Blue circuit breakers" based on clean air insulation and vacuum switching technology.
   
• Eaton offers power management systems through its industrial circuit breaker portfolio. Their products include safety and energy efficiency features that serve applications from manufacturing plants to renewable energy installations and meet international safety standards. Eaton recently added a new series of Power Defense molded case circuit breakers with advanced diagnostic capabilities.
   
• Mitsubishi Electric is a manufacturer of electrical appliances like circuit breakers for industrial automation. These systems incorporate the essential function of power and data communications with an IT system for productive and safe use in any industry. In December 2021, the firm was granted an award, an R&D 100 Award, for its world renowned AE V Series C-class low voltage air circuit breaker.
   
• GE makes industrial circuit breakers that allow digital monitoring of power systems and grid installations. The products merge industrial automation with the smart grid to enable safe and efficient power distribution and grid operation. In July 2024, GE Vernova commenced working with four German TSOs on a Multi Terminal/Multi Hub HVDC solution to support Europe in its energy transition, a first from Germany.
   

Key companies operating in the industrial circuit breaker market include:

• ABB
• Chint Electric
• C&S Electric
• DILO Company
• Eaton Corporation
• Fuji Electric
• GE
• Hitachi
• L&T Electrical & Automation
• Legrand
• LS Electric
• Mitsubishi Electric
• Rockwell Automation
• Schneider Electric
• Siemens Energy
• Socomec
• Toshiba International
• WEG
• Zhejiang Volcano Electrical Technology
   

Industrial Circuit Breaker Industry News

• In October 2024, Schneider Electric launched a smart circuit that cuts power in milliseconds, improving safety and energy monitoring. It is designed for healthcare facilities, data centers, and commercial buildings and optimizes energy efficiency while offering more control and security over operations.
   
• Siemens and Mitsubishi announced a collaboration on the development of specifications for DC Switching Stations and DC Circuit Breakers in August of 2024. The two companies wish to enhance the efficiency of Multi-terminal HVDC systems for renewable energy sources, but will continue separately selling and servicing their individual DC product lines.
   
• In August 2024, Legrand launched its first range of smart miniature circuit breakers (MCBs) with mobile phone control. With tripping settings that can be customized, these MCBs enhance electrical safety and efficiency and enable real-time adjustments to power management systems in homes and offices.
   
• In July 2023, Siemens expanded its Sentron 3WA circuit breaker series with the 3WA2 and 3WA3 models. The 3WA2 is UL 489 rated, while the 3WA3 complies with UL 1066 and IEC 60947-2 standards. Both models improve usability, reliability, and digital functionality in critical settings such as hospitals and data centers.
   

Industrial circuit breaker market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million’ & ‘000 Units” from 2021 to 2034, for the following segments:

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Market, By Voltage

• Low
• Medium
• High

Market, By Installation

• Indoor
• Outdoor

Market, By End Use

• Oil & gas
• Metal & mining
• Arc furnace
• Railway
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Spain
  • Italy
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Peru