United States circuit breaker market is anticipated to grow at a robust CAGR from a period of 2023-2027. The market growth can be attributed to the increasing government initiatives to invest in smart energy infrastructure through smart grids and smart meters. Besides, the rising need to update the existing power grids coupled with the growing advancements in power sector is expected to propel the market in the coming years. Additionally, growing investments in power generation and increasing capacity additions are also expected to fuel the market growth. The United States endures more blackouts than any other developed nations, costing businesses about USD150 billion per year. Aging power infrastructure and lack of clear policies to modernize the grid are found to be the main cause for increasing number of blackouts in the country. Hence, the increasing need for the replacement of aging grid infrastructure has led to an increased demand for circuit breakers, which in turn, is supporting the growth of the United States circuit breakers market.
United States circuit breaker market is segmented on the basis of voltage, type, end-use, and region. Based on voltage, the market is divided into high voltage and medium voltage.
The medium voltage segment is projected to lead the market for the next five years, owing to the growing investments in updating the outdated power supply system. On the basis of type, the market is divided into outdoor circuit breaker and indoor circuit breaker. The outdoor circuit breaker segment leads the market and is expected to maintain its position over the next five years due to its applications such as low maintenance, protection against extreme climate changes, etc.
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Some of the leading players in the United States Circuit Breaker Market are Siemens, ABB,
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Attribute
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Details
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue Forecast, Company Share,
Competitive Landscape, Growth Factors, And Trends
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Segments covered
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By Voltage
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By Type
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By End-User
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Region scope
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Northeast Region, South Region, Mid-West
Region, West Region
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Key companies profiled
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Siemens, ABB, Schneider Electric,
Eaton, Toshiba, Mitsubishi, Fuji Electric, Larsen & Toubro, Powell, CG
Power
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Customization scope
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10% free report customization with
purchase. Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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