MarketsandMarkets’ report, "Circuit Breaker Market by Voltage, End-User, Type, and Region - Global Forecast to 2022", indicates the market is expected to grow from an estimated $6.85 Billion in 2017 to $8.68 Billion by 2022, at a CAGR of 4.85%, from 2017 to 2022. The global market is set to witness significant growth due increasing construction and developmental activities, growing access to electricity, and the increasing number of renewable power generation projects.
- The transmission and distribution segment is expected to hold the largest share of the Circuit Breaker Market, by end-user, during the forecast period.
- The outdoor circuit breaker segment is expected to hold the largest share of the Circuit Breaker Market, by type, during the forecast period.
- Asia Pacific: the leading market for circuit breakers
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Circuit Breaker Market. The key players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.