Automatic Circuit Breaker Market Size, Share, Trends, Opportunities, Challenges and Growth Forecast
Automatic circuit breaker market is expected to witness considerable growth in the coming years due to increasing safety concerns across several sectors such as electronic, telecommunication, electrical and automotive. With the installation of smart grid infrastructure, the need of automatic circuit breaker increases. Automatic circuit breakers can also be deployed as super grid or micro grids, which can carry high volume of electricity over long distances.
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Conventional transmission power lines are being upgraded to high voltage direct current (HVDC) lines and high voltage alternating current (HVAC). High voltage lines offer various advantages over low voltage lines; such as low electrical loss and less expensive. Automatic circuit breaker is generally used to halt or slow down the overloading condition, thereby reducing the damage that may cause in high voltage lines.
Based on voltage class, automatic circuit breaker market can be classified as low voltage circuit breaker, medium voltage circuit breaker (air circuit breaker, vacuum circuit breaker and others), and high voltage circuit breaker. Based on structure, automatic circuit breaker market can be categorized as interrupting type, construction type and others. Irrespective of their category, circuit breakers can be used across multiple sectors, including residential and non-residential building constructions, non-automotive transportation equipment and electronic equipment, automotive and electrical equipment.
Geographically, North America dominated the automatic circuit breakers market in 2014, attributed to well-developed smart grid infrastructure in the U.S. and Canada. The U.S. and Canada are the two largest countries of North America automatic circuit breaker market. Asia-Pacific is the fastest growing market for automatic circuit breaker, owing to the increasing government investment in modernization of power distribution infrastructure in developing countries, such as India and China.
Other drivers for the growth of automatic circuit breaker market in Asia-Pacific are high percentage of power distribution losses and surging urbanization. Japan, China and India are the major regional market of automatic circuit breaker in Asia-Pacific; whereas Germany, Italy, France and the U.K are some of the important countries in the European automatic circuit breaker market.
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Some of the key players in global automatic circuit breaker market include Schneider Electric, Siemens, General Electric, Schurter Holding, Toshiba, and Camsco Electric.