Market Forecast By Voltage (Low Voltage, Medium Voltage, High Voltage), By Types (Low Voltage, MCB, MCCB, ACB, Others (RCB, ELCB)), Medium Voltage, Gas Circuit Breaker, Vacuum Circuit Breaker, High Voltage, Gas Circuit Breaker, Others (Oil, Hybrid), By Applications (Commercial, Residential, Industrial, Power Utilities, Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region) And Competitive Landscape.
Product Code: ETC001709 | Publication Date: Mar 2020 | Updated Date: Nov 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Ethiopia Circuit Breaker Market registered a growth of 112.61% in value shipments in 2021 as compared to 2020 and a decrease of -23.19% CAGR in 2021 over a period of 2017. In Circuit Breaker Market Ethiopia is becoming more competitive as the HHI index in 2021 was 5353 while in 2017 it was 5671. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Ethiopia has reportedly relied more on imports to meet its growing demand in Circuit Breaker Market. Ethiopia is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Circuit Breaker Market in 2021 was 9195.92 while in 2017 it was 4000.67. China, France, Italy, India and Rep. of Korea were among the top players of the market in 2021, where China acquired the largest market share of 67.84% with a shipment value of 10.92 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Circuit Breaker Market. In 2017 China had the largest market share of 73.32% with the shipment value of 20.75 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Ethiopia Circuit Breaker Market in 2017.
Ethiopia Circuit Breaker Market has registered growth due to growing industrialization and growing power infrastructure. The increasing safety concerns advanced electrical equipment, increasing investment, enhancing construction in commercial and residential sectors are the key aspects growing the demand for the circuit breaker market in Ethiopia. Moreover, providing grid connectivity in off-grid areas and rising demand for power transmission equipment are supporting to propel the growth of the circuit breaker market in Ethiopia.
According to 6wresearch, Ethiopia Circuit Breaker Market is expected to grow during 2020-2026. The government has planned to encourage large-scale foreign investment and increase the industrial and agriculture sector under the “Growth and Transformation Plan” which is expected to spur the economic structural transformation in the upcoming years. Based on types, the high voltage circuit breaker segment is dominating the overall Circuit Breaker market revenue share in the country as it produces a large amount of electricity and interrupts fault currents. Additionally, the growing urbanization and need for effective load management are boosting the demand for Circuit Breaker Market in Ethiopia during the forecast period.
In applications, the power utility segment is leading the circuit breaker market revenue share in Ethiopia over the past few years due to the development taking place in the secondary sector with the construction of mainly power transmission lines and hydropower plants being most visible. Furthermore, the increase in electricity and energy consumption, transportation, and production in Ethiopia is anticipated to boost the Circuit Breaker Market growth in the country.
The Ethiopia circuit breaker market report comprehensively covers the market by voltage, type, and applications. The Ethiopia circuit breaker market outlook report provides an unbiased and detailed analysis of the on-going Ethiopia circuit breaker market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered:
The Ethiopia circuit breaker market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Ethiopia Circuit Breaker Market Overview |
3.1 Ethiopia Circuit Breaker Market Revenues and Volume, 2016-2026F |
3.2 Ethiopia Circuit Breaker Market Revenue Share, By Voltage, 2019 & 2026F |
3.3 Ethiopia Circuit Breaker Market Revenue Share, By Types, 2019 & 2026F |
3.4 Ethiopia Circuit Breaker Market Revenue Share, By Application, 2019 & 2026F |
3.5 Ethiopia Circuit Breaker Market - Industry Life Cycle |
3.6 Ethiopia Circuit Breaker Market - Porter’s Five Forces |
4. Ethiopia Circuit Breaker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Ethiopia Circuit Breaker Market Trends |
6. Ethiopia Circuit Breaker Market Overview, by Voltage |
6.1 Ethiopia Low Voltage Circuit Breaker (< 1.1 kV) Circuit Breaker Market Revenues and Volume, 2016-2026F |
6.2 Ethiopia Medium Voltage Circuit Breaker (1.1 kV - 36 kV) Circuit Breaker Market Revenues and Volume, 2016-2026F |
6.3 Ethiopia High Voltage Circuit Breaker (> 36 kV) Circuit Breaker Market Revenues and Volume, 2016-2026F |
7. Ethiopia Circuit Breaker Market Overview, by Types |
7.1 Ethiopia Circuit Breaker Market Revenue and Volumes, By Low Voltage Circuit Breaker, 2016-2026F |
7.2 Ethiopia Circuit Breaker Market Revenue and Volumes, By Medium Voltage Circuit Breaker, 2016-2026F |
7.3 Ethiopia Circuit Breaker Market Revenue and Volumes, By High Voltage Circuit Breaker, 2016-2026F |
8. Ethiopia Circuit Breaker Market Overview, by Application |
8.1 Ethiopia Circuit Breaker Market Revenue and Volumes, By Residential, 2016-2026F |
8.2 Ethiopia Circuit Breaker Market Revenue and Volumes, By Commercial, 2016-2026F |
8.3 Ethiopia Circuit Breaker Market Revenue and Volumes, By Industrial, 2016-2026F |
8.4 Ethiopia Circuit Breaker Market Revenue and Volumes, By Power Utilities, 2016-2026F |
8.5 Ethiopia Circuit Breaker Market Revenue and Volumes, By Others, 2016-2026F |
9. Ethiopia Circuit Breaker Market Key Performance Indicators |
10. Ethiopia Circuit Breaker Market Opportunity Assessment |
10.1 Ethiopia Circuit Breaker Market Opportunity Assessment, By Types, 2026F |
10.2 Ethiopia Circuit Breaker Market Opportunity Assessment, By Application, 2026F |
11. Ethiopia Circuit Breaker Market Competitive Landscape |
11.1 Ethiopia Circuit Breaker Market By Companies, 2019 |
11.2 Ethiopia Circuit Breaker Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |