Circuit Breaker Industry Statistics

In this post, we explore key statistics shaping the Circuit Breaker industry, shedding light on market size, growth projections, regional trends, and product segment dynamics. From the impact of the COVID-19 pandemic to the market dominance of specific product types and end-user segments, we delve into the data driving the evolving landscape of circuit breakers worldwide.

Statistic 1

"The global Circuit Breaker market size was valued at $15.48 billion in 2020."

Statistic 2

"The market is projected to reach $28.14 billion by 2026, growing at a compound annual growth rate (CAGR) of 8.06% from 2021 to 2026."

Statistic 3

"The North American market for circuit breakers recorded a valuation of nearly $3.5 billion in 2018."

Statistic 4

"The high-voltage segment held the largest market share in terms of product type in Circuit Breaker industry in 2020."

Statistic 5

"The Asia-Pacific circuit breaker market is expected to grow at the highest CAGR over the prediction period."

Statistic 6

"The residential end user segment accounted for 36.1% of the circuit breaker market share in 2018."

Statistic 7

"Circuit breaker industry sales went down by 18% in 2020 due to the COVID-19 pandemic."

Statistic 8

"The U.S electricity consumption in 2020 was approximately 3,800 billion kWh, which propels the circuit breaker industry growth."

Statistic 9

"Medium-voltage circuit breakers held 15.8% of the market share in 2020."

Statistic 10

"China's circuit breaker industry's growth rate was 7.5% in 2019"

Statistic 11

"The commercial sector of circuit breakers is expected to grow with a CAGR of 6.8% from 2020 to 2025."

Statistic 12

"Oil Circuit Breaker market is projected to grow at a CAGR of 6.5% during 2020-2026."

Statistic 13

"MCBS is projected to surpass a valuation of more than $3.5 billion by the end of 2025."

Statistic 14

"The Circuit Breaker industry is concentrated among the top 4 companies, which accounted for roughly 48% of total market revenue in 2020."

Statistic 15

"Vacuums circuit breaker segment is expected to expand at CAGR of 5.5% during 2020 -2025."

Statistic 16

"In 2020, air cooled circuit breakers held a 64.7% market share in the circuit breaker market."

In conclusion, the global Circuit Breaker industry is poised for significant growth, with market size projected to reach $28.14 billion by 2026, driven by a CAGR of 8.06%. While the COVID-19 pandemic caused a temporary sales decline in 2020, factors like increasing electricity consumption, specific market segments like high-voltage and medium-voltage circuit breakers, and strong growth in regions like Asia-Pacific and North America provide a positive outlook for the industry. Certain product segments like oil circuit breakers and MCBS are expected to see substantial growth, highlighting opportunities for innovation and expansion. The industry’s concentration among top companies underscores the competitive landscape, with further growth potential in sectors like commercial and residential end-users.