Circuit Breaker and Fuses Market

Circuit Breaker and Fuses Market, By Type (Circuit breakers, Fuses), By Circuit Breakers Voltage level of Installation (Low voltage, Medium voltage, High voltage), By Arch Quenching Media Type (Air circuit breakers, Vacuum circuit breakers, Oil circuit breakers, SF6 circuit breakers, Others (CO2, hybrid, DCB, so on)), By Fuse Voltage level of Installation (Low voltage fuses, High voltage fuses), By Fuse Type (Plug-in fuses, Cartridge fuses), By Applications (Construction, Transport, Industrial, Consumer Electronics, Power generation, Others (healthcare, military, so on)), By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2031

Electronics & Semiconductor | April 2022 | Report ID: EMR0045 | Pages: 215

Circuit breakers and fuses are electrical devices designed to protect electrical circuits and equipment from damage caused by overload or short circuits. They are commonly used in residential, commercial, and industrial settings to prevent fires, electric shocks, and other hazards. The circuit breaker and fuse market is a growing industry, driven by factors such as increasing demand for electricity, rising safety concerns, and technological advancements.

A circuit breaker is an automatically operated electrical switchs that is designed to protect an electrical circuit from damage caused by excess current from an overload or short circuit. Its primary function is to interrupt current flow after a fault is detected. Furthermore, an electrical fuse is an electrical safety device that operates to provide overcurrent protection for an electrical circuit. In layman’s terms, circuit breakers and fuses interrupt the flow of electricity, thereby preventing electrical overload. The quantity of electricity on an electric line depends on production, transmission, weather, associated equipment, the status of other transmission lines, and consumer usage. A transmission outage shifts the electricity around the blockage onto adjacent lines.

Circuit Breaker and Fuses Market REPORT SCOPE & SEGMENTATION

Report Attribute


Projected Market Value (2031)

195.26 billion

Estimated Market Value (2022)

136 billion

Base Year


Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Circuit Breakers Voltage level of Installation, By Arch Quenching Media Type, By Fuse Voltage level of Installation, By Fuse Type, By Application Type, & Region

Segments Covered

By Type, By Circuit Breakers Voltage level of Installation, By Arch Quenching Media Type, By Fuse Voltage level of Installation, By Fuse Type, By Application Type, & Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Market Growth

According to a report by Econ Market Research, the global circuit breaker and fuse market size was valued at $18.7 billion in 2022 and is expected to reach $30.50 billion by 2031, growing at a CAGR of 6.2% during the forecast period. The growth of the market can be attributed to the increasing demand for electricity, the need for reliable and efficient power distribution systems, and the growing awareness about the importance of electrical safety.

Due to the acceleration in the implementation of IT and IoT technologies in various operations, the devices, necessitate appropriate power control for improved performance, thus stimulating the need for circuit breakers and fuses market. This is coupled with the need for sufficient power generation to control future demand for electricity, thus blowing the demand for all such protection devices. Moreover, the rapidly growing construction market, including commercial and residential buildings, is expected to ignite the demand for circuit breakers and fuses. Infrastructures of the contemporary era are host to a large number of electrical devices such as connected appliances, aesthetic lighting, air-conditioning facilities, security appliances, and so on. Furthermore, rising acceptance of circuit breakers and fuses in the automotive industry and increasing energy consumption are supposed to further raise the demand for these machines over the forecast period.

Regional Analysis:

The circuit breaker and fuse market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region is expected to dominate the market during the forecast period due to the increasing demand for electricity and the growing industrialization in countries such as China and India. The market in North America and Europe is also expected to grow significantly due to the increasing adoption of renewable energy sources and the need for modernization of existing power infrastructure.

The Country section of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Data points like Porter's five forces analysis, technical trends, downstream and upstream value chain analysis, and case studies are only a few of the indicators utilized to estimate the market environment for specific nations. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands as well as their difficulties due to strong or weak competition from local and domestic brands, the impact of domestic tariffs, and trade routes.

Competitive Landscape:

The circuit breaker and fuse market is highly competitive, with several global and regional players operating in the market. Some of the key players in the market include

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • Eaton Corporation
  • General Electric
  • Legrand SA
  • Alstom SA
  • Littelfuse, Inc.
  • Hager Group

Key Benefits of the Report

  • This study presents an analytical depiction of the Circuit Breaker and Fuses industry along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to market key drivers, restraints, and opportunities, along with detailed analysis of the Circuit Breaker and Fuses Market share.
  • The current market is quantitatively analyzed to highlight the Circuit Breaker and Fuses Market's growth scenario.
  • Porter's five forces research demonstrates the market power of suppliers and buyers.
  • The report provides a detailed warm air heating equipment market analysis based on competitive intensity and how the competition will take shape in the coming years.

Circuit Breaker and Fuses Market Report Segmentation



By Type

  • Circuit breakers
  • Fuses

By Circuit Breakers Voltage level of Installation

  • Low voltage
  • Medium voltage
  • High voltage

By Arch Quenching Media Type

  • Air circuit breakers
  • Vacuum circuit breakers
  • Oil circuit breakers
  • SF6 circuit breakers
  • Others (CO2, hybrid, DCB, so on)

By Fuse Voltage level of Installation

  • Low voltage fuses
  • High voltage fuses

By Fuse Type

  • Plug-in fuses
  • Cartridge fuses

By Applications

  • Construction
  • Transport
  • Industrial
  • Consumer Electronics
  • Power generation
  • Others (healthcare, military, so on)

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)


Customization Scope

  • Available upon request


  • Available upon request

The Report Answers Questions Such As:

  • What is the potential opportunity for the Circuit Breaker and Fuses Market
  • What are the major drivers, restraints, and opportunities of the Circuit Breaker and Fuses Market
  • What is the market share of the leading segments and sub-segments of the Circuit Breaker and Fuses Market in the forecast period (2023-2031)
  • How did the Circuit Breaker and Fuses Market evolve
  • How is each segment of the Circuit Breaker and Fuses Market expected to grow during the forecast period
  • What is the expected revenue to be generated by each of the segments by the end of 2031
  • What are the key development strategies implemented by the key players to stand out in this Circuit Breaker and Fuses Market
  • What is the preferred business model used for building Circuit Breaker and Fuses Market
  • Which area of application is expected to be the highest revenue generator in the Circuit Breaker and Fuses Market during the forecast period
  • Which end-user segment is expected to be the highest revenue generator in this industry during the forecast period
  • What is the potential of Circuit Breaker and Fuses Market in the emerging countries during the forecast period

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.