United States Circuit Breaker Market Report and Forecast 2024-2032

United States Circuit Breaker Market Outlook

The United States circuit breaker market size reached approximately USD 2.57 billion in 2023. The market is further projected to grow at a CAGR of 5.8% between 2024 and 2032, reaching a value of USD 4.31 billion by 2032.

Key Trends in the Market

Circuit breakers refer to electrical safety devices that are designed to provide protection against damage caused by overcurrent, overload, and short circuit to electrical circuits. Circuit breakers find usage in both industrial and residential applications. This product is essential for ensuring the safety of electrical systems and helps in prevention of power outages caused by fault and fires.

• Increasing awareness about the necessity of adopting electrical safety equipment due to rising incidences of fire and short circuits is supporting the United States circuit breaker market growth. The circuit breakers provide protection to electrical systems and prevent electrical fires.

• The increase in investment towards the development of smart cities and rise in shift towards electrical vehicles due to growing environmental concerns are bolstering the demand for circuit breakers to support the evolving power distribution requirements.

• The rise in electrification initiatives in the rural regions across the country is providing lucrative growth opportunities to the market. The increasing investments towards the development of smart circuit breakers is further supporting the market expansion. These circuit breakers provide real time monitoring, remote control and automation, and energy efficiency, among others.

United States Circuit Breaker Market Segmentation

On the basis of insulation type, the market is divided into air, vacuum, gas, and oil. Based on installation, the market is bifurcated into indoor and outdoor. On the basis of voltage, the market is classified into low voltage, medium voltage, and high voltage.

Based on end use, the market is segregated into transmission and distribution utilities, renewables, power generation plants, and railways. On the basis of region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States circuit breaker market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Sensata Technologies Holding Plc 

• ABB Ltd. 

• Eaton Corporation plc 

• Toshiba Corp. 

• Schneider Electric SE 

• General Electric Co.  

• CG Power and Industrial Solutions Ltd. 

• LS Electric Co. Ltd. 

• alfanar Group 

• Weidmüller Interface GmbH & Co. KG 

• Others

Market Share by Voltage

As per the United States circuit breaker market analysis, high voltage circuit breakers are anticipated to witness significant growth over the forecast period. High voltage circuit breakers find applications in various sectors including utility, commercial, and industrial, among others. Increasing investments towards infrastructure development activities and rising electrification of rural regions is further supporting the segment growth and market expansion.

Market Share by End Use

Power generation is anticipated to account for a significant United States circuit breaker market share. This growth can be attributed to the rapid expansion of the IT sector in the region. The increase in utilisation of IT services for effective management of IT accessories and a wide range of processes in bolstering the requirement for circuit breakers. The growing requirement for protective devices for effective power generation to meet the rising demand for electricity is further supporting the segment growth. This increased requirement for electricity can be attributed to the rapid population growth.

Additionally, the increasing investments in railway development projects is further boosting the United States circuit breaker market demand.

Competitive Landscape

Sensata Technologies Holding Plc is one of the leading industrial technology companies that develops circuit breakers, sensors, software, and controllers, among others. The company was founded in 1916 and is headquartered in Massachusetts, United States.

ABB Ltd., headquartered in Zurich, Switzerland is an electrical equipment manufacturer that is also involved in power generation, industrial automation, distribution and transmission, and robotics, among others. The company was founded in 1988.

Eaton Corporation plc is one of the leading intelligent power management companies that operates through different segments, including aerospace, electrical systems and services, e-mobility, and vehicles, among others. The company was founded in 1911 and is headquartered in Dublin, Ireland.

Other United States circuit breaker market players include Toshiba Corp., Schneider Electric SE, General Electric Co., CG Power and Industrial Solutions Ltd., LS Electric Co. Ltd., alfanar Group, and Weidmüller Interface GmbH & Co. KG, among others.

Key Highlights of the Report