United States Circuit Breaker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Circuit Breaker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The United States circuit breaker market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

A circuit breaker is an electrical switch that can be automatically operated and is designed to protect an electrical circuit from damage caused by an excess current from an overload or short circuit. It interrupts the current flow after a fault is detected. Circuit breakers are made in different sizes, from small devices that protect low-current circuits up to large switchgears, designed to protect high-voltage circuits. Circuit breakers are mainly classified based on rated voltages. Circuit breakers below 1000V are known as low-voltage circuit breakers, whereas, those above 1000V are called high-voltage circuit breakers.

The demand for circuit breakers in the US is currently being driven by several factors. Circuit breakers protect an electrical circuit from damage caused by excessive current from an overload or short circuit. Its basic function is to interrupt current flow when fluctuations are detected. It is effective against low, medium and high voltage fluctuations. Moreover, Circuit breakers are designed in such a way that they are effective in detecting high-voltage fluctuations, which is the major advantage of the device against fuses. Fuses can only work at low-voltages. As a result, circuit breakers are being widely used in large residential and commercial building projects, locomotive and transportation industries, etc. Additionally, circuit breakers are easier to reset as they do not involve touching the live parts of the device. In addition, no cost is associated with resetting circuit breakers unlike the cost of replacing fuses. Other factors which are driving the demand of circuit breakers in the US include growing demand for electricity, increasing technological advancements, high demand for non-conventional energy sources, etc.

IMARC Group’s latest report provides a deep insight into the United States circuit breaker market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the United States circuit breaker market in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States circuit breaker market report, along with forecasts at the country and regional 2023-2028. Our report has categorized the market based on product type, voltage, technology and end-use.

Breakup by Product Type:

Indoor Circuit Breakers
Outdoor Circuit Breakers

Breakup by Voltage:

Low Voltage
Medium Voltage
High Voltage

Breakup by Technology:

Air
Vacuum
Oil
SF6

Breakup by End-Use:

Transmission and Distribution
Renewable
Power Generation
Railways

Breakup by Region:

Northeast
Midwest
South
West

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape

Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:
How has the United States circuit breaker market performed so far and how will it perform in the coming years?
What are the key regional markets in the United States circuit breaker industry?
What has been the impact of COVID-19 on the United States circuit breaker market?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the voltage?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the United States circuit breaker industry?
What are the key driving factors and challenges in the United States circuit breaker industry?
What is the structure of the United States circuit breaker industry and who are the key players?
What is the degree of competition in the United States circuit breaker industry?
What are the profit margins in the United States circuit breaker industry?