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Low Voltage Circuit Breakers Market Size

ID: MRFR//5462-CR | 117 Pages | Author: Priya Nagrale| December 2018

"The low-voltage circuit breakers market is influenced by various market factors that shape its dynamics and growth trajectory. One significant factor is technological advancements. As technology continues to evolve, there is a growing demand for more efficient and advanced circuit breaker solutions. Manufacturers are constantly innovating to develop products that offer better performance, higher reliability, and enhanced safety features. This drive for innovation creates opportunities for market expansion and differentiation among competitors.


Another key market factor is regulatory requirements and standards. Governments and regulatory bodies impose strict regulations and standards for electrical safety, which directly impact the design, manufacturing, and sale of low-voltage circuit breakers. Compliance with these regulations is essential for manufacturers to ensure the safety and reliability of their products and to access various markets worldwide. Changes in regulatory requirements can drive market trends and influence product development strategies.


Market demand and end-user preferences also play a crucial role in shaping the low-voltage circuit breakers market. Industries such as residential, commercial, industrial, and utilities have varying requirements for circuit protection solutions based on factors like application, voltage ratings, and environmental conditions. Understanding and catering to these diverse needs is essential for manufacturers to stay competitive and capture market share. Additionally, factors such as urbanization, infrastructure development, and the increasing adoption of smart technologies contribute to the demand for low-voltage circuit breakers.


Economic factors such as GDP growth, investment in infrastructure projects, and industrialization also impact the low-voltage circuit breakers market. A growing economy typically leads to increased construction activities, expansion of manufacturing facilities, and higher investments in electrical infrastructure, driving the demand for circuit protection solutions. Conversely, economic downturns can slow down construction projects and reduce capital expenditures, affecting market growth.


Market competition is another significant factor influencing the low-voltage circuit breakers market. The presence of numerous manufacturers and suppliers intensifies competition, leading to price wars, product differentiation strategies, and efforts to expand market reach. Companies invest in research and development, marketing initiatives, and strategic partnerships to gain a competitive edge and increase their market share. Additionally, mergers and acquisitions reshape the competitive landscape and influence market dynamics.


Technological trends such as the Internet of Things (IoT), digitalization, and automation are also impacting the low-voltage circuit breakers market. The integration of smart technologies into circuit protection devices enables remote monitoring, predictive maintenance, and enhanced control capabilities. This trend towards smart and connected solutions is driven by the need for improved efficiency, reliability, and safety in electrical systems, presenting opportunities for market growth and innovation.


Environmental factors such as energy efficiency and sustainability are increasingly influencing the low-voltage circuit breakers market. Governments and organizations are implementing policies and initiatives to promote energy conservation and reduce carbon emissions, driving the demand for energy-efficient electrical equipment, including circuit breakers. Manufacturers are developing eco-friendly products with reduced environmental impact, using materials and processes that comply with sustainability standards.


Supply chain dynamics, including raw material availability, logistics, and distribution networks, also impact the low-voltage circuit breakers market. Disruptions in the supply chain, such as natural disasters, geopolitical tensions, or global pandemics, can affect production schedules, lead times, and product availability, impacting market dynamics and customer satisfaction. Manufacturers must manage their supply chains effectively to ensure uninterrupted production and meet customer demand.


In conclusion, the low-voltage circuit breakers market is influenced by a combination of technological, regulatory, economic, competitive, and environmental factors. Manufacturers need to stay abreast of these market trends and dynamics to effectively respond to changing customer needs, regulatory requirements, and competitive pressures. By understanding and leveraging these market factors, companies can identify opportunities for growth, innovation, and differentiation in the increasingly competitive landscape of the low-voltage circuit breakers market."

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2023 USD 1.14 Billion
Growth Rate 4.54% (2023-2032)

Global Low-Voltage Circuit Breakers Market Overview:


Low-Voltage Circuit Breakers Market Size was valued at USD 1.14 Billion in 2023. The Low-Voltage Circuit Breakers Market industry is projected to grow from USD 1.19 Billion in 2024 to USD 1.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.75% during the forecast period (2024 - 2032). Rise in infrastructure projects, as well as increased residential and small-scale commercial construction are the key market drivers enhancing the market growth.


Global Low-Voltage Circuit Breakers Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Low-Voltage Circuit Breakers Market Trends




  • Growing adoption of solar energy sources propels market growth




The increased usage of alternative energy sources, particularly solar power, has had a substantial impact on the market CAGR for low-voltage circuit breakers. The market for low-voltage DC circuit breakers is expected to grow as solar power generation, one of the greenest types of energy generating, becomes more popular. Several governments have developed advantageous policies to assist the development of solar power infrastructure. Low voltage circuit breakers protect a solar system at every stage, from combiner boxes through AC and DC inverters and main panels. The solar panels will only generate electricity when it is sunny. Advances in solar panel technology have enabled power generation even in low-intensity sunlight. Solar panel manufacturers concurrently decreased solar panel prices.


Circuit breakers have become an essential component of electrical networks in homes and businesses, industries, and utility-scale grids. Because of the increased urbanisation and modernisation, electrical switching devices are installed in every home, workplace, and other building. As a result, ongoing efforts are made to promote a safer atmosphere. The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 went into force on June 1, 2020. The revised electrical laws entered into effect on July 1, 2020, for new tenancies, and on April 1, 2021, for existing tenants. Landlords must have their electrical installations inspected and tested by a "qualified and competent" person at least every five years, according to this rule. Infractions of the new electrical laws may result in fines of up to $34,000 USD. During the projection period, these regulatory norms will have a favourable impact on the Circuit Breaker industry outlook.


Furthermore, several developing countries have electrification programmes in place to connect rural areas to the power grid. Other countries are also attempting to integrate multiple grid zones to establish a mega-national grid. These electrical switching devices are widely used in transmission and distribution lines to protect the power system against electrical problems. For instance, in June 2021, the World Bank financed more than US$ 2.3 billion in infrastructure and reforms to support the West Africa Power Pool, which is viewed as vital to achieving universal access to power in the 15 countries of the Economic Community of West African States by 2030. Thus, driving the Low-Voltage Circuit Breakers Market revenue.


Low-Voltage Circuit Breakers Market Segment Insights:




  • Low-Voltage Circuit Breakers Type Insights




The Low-Voltage Circuit Breakers Market segmentation, based on type includes Miniature Circuit Breaker (MCB), Molded-case Circuit Breaker (MCCB), Air Circuit Breaker (ACB). The Molded-case Circuit Breaker (MCCB) category held the greatest market share in the low voltage de circuit breaker market in 2022. Because of its simple design and longevity, the Moulded Case Circuit Breaker (MCCCB) is more dependable and affordable than its competitors. One of the key reasons for this is that MCCBs are more commonly employed than Air Circuit Breakers (ACBs) and other low voltage DC circuit breakers. With the expansion of power generating and transmission networks, moulded case circuit breakers are becoming more popular. Furthermore, moulded case circuit breakers are in high demand in the commercial and industrial sectors. These circuit breakers are used to supply power to industrial machinery such as elevators, conveyors, and cranes.


In September 2020, Siemens debuted a new three-wire air circuit breaker series. The company's new 3WA circuit breakers suit all low-voltage power distribution standards in digital applications. These advancements improve the air circuit breaker segment, consequently increasing the size of the Circuit Breaker market.




  • Low-Voltage Circuit Breakers Application Insights




The Low-Voltage Circuit Breakers Market segmentation, based on application, includes energy allocation, shut-off circuit and others. The shut-off circuit segment will lead the market share due to an increase in defective electrical circuit operations such as overloading, short circuit issues, motor-powered system failures, and others in residential, commercial, and manufacturing uses.


Figure 1: Low-Voltage Circuit Breakers Market, by Application, 2024 & 2032 (USD Billion)


Low-Voltage Circuit Breakers Market, by Application, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review




  • Low-Voltage Circuit Breakers Regional Insights




By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Low-Voltage Circuit Breakers Market area will dominate this market, owing to its considerable share of 41.42% and an expected quick increase at 7.3% CAGR by 2032 in the construction market. The growing adoption of alternative energy generation sources such as wind and solar, which necessitate large expenditures in distribution and transmission, is creating market potential. Moreover, China’s Low-Voltage Circuit Breakers Market held the largest market share, and the Indian Low-Voltage Circuit Breakers Market was the fastest growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Low-Voltage Circuit Breakers Market Share By Region 2022 (USD Billion)


Low-Voltage Circuit Breakers Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Low-Voltage Circuit Breakers Market accounts for the second-largest market share due of the modernising and robotization of contemporary organisations here. Further, the German Low-Voltage Circuit Breakers Market held the largest market share, and the UK Low-Voltage Circuit Breakers Market was the fastest growing market in the European region


The North America Low-Voltage Circuit Breakers Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increased energy usage and high need for energy storage.


Low-Voltage Circuit Breakers Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Low-Voltage Circuit Breakers Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Low-Voltage Circuit Breakers industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Low-Voltage Circuit Breakers industry to benefit clients and increase the market sector. In recent years, the Low-Voltage Circuit Breakers industry has offered some of the most significant advantages to medicine. Major players in the low voltage power circuit breaker Market, including HangShen Electric (China), CHINT Group (China), Hyundai Electric & Energy Systems Co., Ltd. (South Korea), Fuji Electric FA Components & Systems Co. Ltd. (Japan) and others, are attempting to increase market demand by investing in research and development operations.


Siemens is a German multinational conglomerate and Europe's largest industrial manufacturing firm. Its headquarters are in Munich, and it has a number of foreign branch offices. The company's primary divisions are Digital Industries, Smart Infrastructure, Mobility, Healthcare (named Siemens Healthineers), and Financial Services. The firm is a notable manufacturer of medical diagnostics equipment; its medical health-care segment, which accounts for around 12% of total revenues, is the corporation's second-most lucrative unit after the industrial automation division. It is considered as a pioneer in this field and the corporation with the largest revenue in the world. In January 2020, Siemens purchased C&S Electric in India, a company that specialises in low voltage equipment such as DC low voltage circuit breakers. Siemens Ltd paid roughly EUR 267 million (INR 21 billion) for approximately 99% of C&S Electric Limited's equity share capital.


ABB Ltd. is a Swedish-Swiss enterprise headquartered in Zürich, Switzerland. ASEA Brown Boveri was created in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie amalgamated to form ASEA Brown Boveri, afterwards abbreviated to ABB. Both firms were founded in the late 1800s and were major makers of electrical equipment, a business in which ABB is still involved today. Since then, the company has grown into robotics and automation technology. In January 2021, ABB introduced Formula DIN-Rail, a comprehensive line of MCBs and RCCBs for the Indian electrical retail market. The product selection was created with modern design and superior electrical circuit protection in mind.


Key Companies in the Low-Voltage Circuit Breakers market include



  • ABB (Switzerland)

  • Schneider Electric (France)

  • Mitsubishi Electric Corporation (Japan)

  • Siemens AG (Germany)

  • Eaton Corporation (Ireland)

  • Shanghai Liangxin Electrical Co. Ltd. (China)

  • DELIXI (China)

  • HangShen Electric (China)

  • CHINT Group (China)

  • Hyundai Electric & Energy Systems Co. Ltd. (South Korea)

  • Fuji Electric FA Components & Systems Co. Ltd. (Japan)

  • Changshu Switchgear Mfg Co. Ltd. (China)

  • Hager Group (Germany)

  • China People Electric Appliance Group Shanghai Co Ltd (China)


Low-Voltage Circuit Breakers Industry Developments


In September 2020, Siemens has introduced the 3 WA series of air circuit breakers. With the launch, Siemens Smart Infrastructure updated its Sentron portfolio of air circuit breakers. The new 3WA circuit breakers from the firm meet all low-voltage power distribution standards in digital applications.


In March 2020, Phoenix Contract debuted a thermomagnetic circuit breaker for big surge protection in electrical MCC panels and extensive cable lengths.


In September 2020, Eaton Cummins Automated Transmission Technologies said the Endurant XD series will be available, increasing the Endurant Automated Transmission offering. The series is a popular show modified gearbox intended for on-highway applications, for example, twofold and triple 18 wheelers, as well as solid on/off-road applications, for example, dump and officer-administration trucks.


Low-Voltage Circuit Breakers Market Segmentation:


LV Circuit Breakers Market By Type Outlook



  • Miniature Circuit Breaker (MCB)

  • Molded-case Circuit Breaker (MCCB)

  • Air Circuit Breaker (ACB)


 Low-Voltage Circuit Breakers Market By Application Outlook



  • Energy Allocation

  • Shut-off Circuit

  • Others


Low-Voltage Circuit Breakers End User  Outlook



  • Residential

  • Commercial

  • Others


Low-Voltage Circuit Breakers Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



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