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Power Distribution Circuit Breaker Market Size

  • Report ID: GMI8246
  • Published Date: Feb 2024
  • Report Format: PDF

Power Distribution Circuit Breaker Market Size

Power Distribution Circuit Breaker Market was assessed at USD 17.9 billion in 2023 and is set to grow at a CAGR of over 9.7% between 2024 and 2032, due to increasing demand for efficient T&D control systems. The surge in demand for refurbishing existing electrical setups, coupled with substantial investments in grid infrastructure, is expected to bolster business prospects. Moreover, the absence of robust electric networks in developing nations, along with a trend toward enhancing existing infrastructure in developed countries, has created a favorable environment for the industry's growth.

 

The power distribution circuit breaker market has experienced a significant boost propelled by the adoption of advanced and secure fire-resistant circuit breakers. Additionally, a favorable trend among customers towards installing circuit breakers to safeguard living environments from sudden current surges in electric circuits has further strengthened the industry's position.

 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Power distribution circuit breaker market size was assessed at USD 17.9 billion in 2023 and is envisioned to record 9.7% CAGR from 2024 to 2032 due to increasing demand for efficient T&D control systems.

The 1,500 to 2,500 A segment held a share of more than 15.3% in the power distribution circuit breaker market in 2023 and will grow significantly through 2032 due to the rapid expansion of residential and commercial areas worldwide.

North America power distribution circuit breaker market is forecasted to exceed USD 7.5 billion by 2032 attributed to heightened investments in the expansion of long-distance distribution networks and the renovation of domestic distribution infrastructure.

ABB, Alfanar Group, CG Power & Industrial Solutions Ltd., Eaton, General Electric, HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO., LTD., Kirloskar Electric Company, LS ELECTRIC Co., Ltd., Mitsubishi Electric Corporation, Powell Industries, Schneider Electric, Sensata Technologies, Inc., Siemens Energy, Toshiba International Corporation, and WEG.

Power Distribution Circuit Breaker Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 507
  • Countries covered: 19
  • Pages: 250
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