Low-Voltage Circuit Breakers Market Research Report: by Type (Miniature Circuit Breaker (MCB), Molded-case Circuit Breaker (MCCB), Air Circuit Breaker (ACB)), by Application (Energy Allocation, Shut-off Circuit, Others), and Region - Forecast to 2023
Market analysis

Low-voltage circuit breakers shield electrical hardware from harm. It identifies deficiencies brought about by overload and interferes with the power flow. The ongoing ascent of infrastructural ventures is probably going to drive the market request exponentially over the conjecture time frame. Critical requirement for automatic switches to guarantee the continuous power flow is relied upon to betoken the low-voltage circuit breakers market growth. Electrifying the rural areas is required to be a major factor for the market to grow till the end of the forecast period. Initiatives taken by the countries to give power to the consumers in remote areas by means of sustainable sources can look good for the low-voltage circuit breakers market. The global low-voltage circuit breakers market is projected to exhibit a 4.54% CAGR, reaching the valuation of USD 1,657.2 million during the forecast period 2018 to 2023.

Market segmentation

On the basis of its type, the global low-voltage circuit breakers market is divided into Miniature Circuit Breaker (MCB), Air Circuit Breaker (ACB), Molded-case Circuit Breaker (MCCB). Based on its application, the market is classified into shut-off circuit, energy allocation and others.

Regional analysis

Geographically, the global low-voltage circuit breakers market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Siemens AG (Germany), Eaton Corporation (Ireland), Shanghai Liangxin Electrical Co., Ltd. (China), DELIXI (China), HangShen Electric (China), Fuji Electric FA Components & Systems Co., Ltd. (Japan), Changshu Switchgear Mfg Co., Ltd. (China), Hager Group (Germany), CHINT Group (China), Hyundai Electric & Energy Systems Co., Ltd. (South Korea), BB (Switzerland), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), among others are some of the major players in the global low-voltage circuit breakers market.