Circuit Breaker Market Set for Significant Growth

The circuit breaker market is projected to grow from USD 6.5 billion in 2023 to USD 8.6 billion by 2028, driven by factors such as increasing investments in renewable energy sources, global demand for a reliable power supply, and accelerated investments in the railway sector. Key players include ABB, Schneider Electric, Siemens, Mitsubishi Electric, and Eaton, with the gas circuit breaker segment expected to hold the largest share in the market. The Asia Pacific and Europe regions are projected to experience rapid growth, while the transmission and distribution utilities segment is expected to exhibit the highest growth rate.