India Circuit Breaker Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

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) And Competitive Landscape.

Product Code: ETC131499 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Circuit Breaker Market Synopsis

The India Circuit Breaker Market is projected to grow at a rapid pace during the forecast period. The market is driven by the increasing demand for resilient and reliable power networks, increased adoption of smart technologies in households, and rising industrialization in the country. The demand for electric vehicles (EVs) and other smart grid is expected to fuel the growth of the market. Increasing awareness about environmental concerns and government initiatives to promote green energy are also likely to boost the market growth.

According to 6Wresearch, the India Circuit Breaker Market size is expected to grow during 2022-2028. The growth of this market will be driven by increased demand for electrical equipment and systems in India, as well as increasing investments in infrastructure development. The India Circuit Breaker Market is witnessing significant growth owing to factors such as increase in electricity demand, rise in adoption of smart technologies, and increasing industrialization in the country. The market is also benefiting from government initiatives such as the Pradhan Mantri Sahaj Bima Yojana (PMSBY) and the National Electric Code (NEC).

COVID-19 impact on India Circuit Breaker Market

The COVID-19 pandemic adversely affected the growth of Circuit Breaker Market in India. Every non-essential business suffered a lot from the impacts of the coronavirus. Some of the end user industries of the market were completely shut down during the pandemic and this declined the growth of the India Circuit Breaker Industry. The market is now recovering from the impacts of the pandemic. 

Market Analysis by Insulation Type

On the basis of insulation type, the market is divided into Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, and Oil Circuit Breaker. Among these, the gas circuit breaker is dominating the market and will continue to do so. 

Market Analysis by Voltage

On the basis of voltage, the market is divided into Medium Voltage and High Voltage. Among these, the high voltage segment is expected to grow more in the years to come. Various utilities are investing in high voltage due to increasing demand for electricity in residential areas. 

Market Analysis by Installation

On the basis of installation, the market is divided into outdoor and indoor. Among these, the outdoor segment will dominate the market because of its increasing demand. 

Market Analysis by End User

On the basis of end user, the market is divided into T&D Utilities, Power Generation, Renewables and Railways. Among these, the T&D utilities is estimated to dominate the market in the years to come. 

Competitive Landscape

In the India circuit breaker market, there are a number of major competitors, including ABB Corporation, Eaton Corporation, Johnson Controls, MAECO S.A., Mitsubishi Electric Corporation, and Schneider Electric SA. These companies offer a wide range of circuit breakers and services to customers in India. The competition is very intense in this market and will become more intense in the upcoming years. 

Drivers and Restraints of the India Circuit Breaker Market

Over the past decade, the India Circuit Breaker Market has witnessed a considerable growth owing to the increasing demand for reliable and safe electrical systems. 

The factors that are fuelling the growth of the India circuit breaker market include increasing awareness about energy conservation and sustainable practices, increasing demand for industrial applications, and growing adoption of advanced technologies in various sectors. Moreover, there is an increase in the number of multinational companies operating in India, which is resultant in increased investment in infrastructure development across the country.

One of the key drivers of this market is the increasing demand for reliable electrical systems in industries such as manufacturing and transportation. In addition, there is an increase in investments by OEMs (original equipment manufacturers) into R&D initiatives to develop new and innovative products for their customers. Rising water shortages and pollution concerns are also contributing to increased demand for renewable energy solutions such as solar parks and wind farms, which drives up the demand for circuit breakers.

Restraints on this market include high costs associated with component procurement, lack of skilled manpower, and stringent quality norms that need to be met during product manufacture. Additionally, regulatory hurdles hamper timely deployment of circuit breakers across various sectors.

Opportunities and Challenges in the India Circuit Breaker Market

Increasing demand from the power and transmission sectors, as well as an increase in the number of industrial and commercial establishments. The market is also being helped by the government's initiatives to promote renewable energy sources and reduce dependence on traditional modes of energy generation. These factors will create more opportunities in this sector. 

However, there are also some challenges that the market faces such as lack of awareness among end users about the benefits of using circuit breakers, as well as a high level of corruption in the sector. This has led to widespread installation of substandard equipment, which is hurting the competitiveness of companies operating in this segment. 

In addition, the enforcement of safety regulations is a major challenge for the circuit breaker market in India. This is because the regulators are often insufficiently equipped to deal with the complex issues that arise from the use of circuit breakers. This leaves end users at risk of accidents and injuries, which limits the market's potential growth.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Circuit Breaker Market Overview
  • India Circuit Breaker Market Outlook
  • India Circuit Breaker Market Forecast
  • India Circuit Breaker Market Size and India Circuit Breaker Market Forecast, until 2028
  • Historical Data of India Circuit Breaker Market Revenues, By Voltage, 2018-2021
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Voltage until 2028
  • Historical Data of India Circuit Breaker Market Revenues, By Type, 2018-2021
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Type until 2028
  • Historical Data of India Circuit Breaker Market Revenues, By Application, 2018-2021
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Application until 2028
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Regions until 2028
  • India Circuit Breaker Market Trends
  • Market Drivers and Restraints
  • Porter's Five Force Analysis and Market Opportunity Assessment
  • India Circuit Breaker Market Share, By Players
  • India Circuit Breaker Market Overview on Competitive Benchmarking
  • Company Profiles
  • Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

  • Low Voltage Circuit Breaker (< 1.1 kV)

  • Medium Voltage Circuit Breaker (1.1 kV - 36 kV)

  • High Voltage Circuit Breaker (> 36 kV)

By Type

  • Low Voltage Circuit Breaker

    • MCB

    • MCCB

    • ACB

    • Others (RCB, ELCB)
  • Medium Voltage Circuit Breaker

    • Gas Circuit-Breaker

    • Vacuum Circuit-Breaker

  • High Voltage Circuit Breaker

    • Gas Circuit-Breaker

    • Others (Oil, Hybrid)

By Applications

    • Commercial

    • Residential
    • Industrial

    • Power Utilities

    • Others (Transport, Government, etc.)

Frequently Asked Questions About the Market Study: FAQs

1. What is the study period of this report?

The study period of this report is 2022-2028.

2. Does the report cover COVID-19 impact?

Yes, the report covers the pandemic impact

3. Who are the key players in the Circuit Breakers Market in India?

In the India Circuit Breaker Market, there are a number of major competitors, including ABB Corporation, Eaton Corporation, Johnson Controls, MAECO S.A., Mitsubishi Electric Corporation, and Schneider Electric SA.

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. India Circuit Breaker Market Overview
3.1 India Circuit Breaker Market Revenues and Volume, 2018-2028F
3.2 India Circuit Breaker Market  Revenue Share, By Voltage, 2021 & 2028F
3.3 India Circuit Breaker Market  Revenue Share, By Types, 2021 & 2028F
3.4 India Circuit Breaker Market  Revenue Share, By Application, 2021 & 2028F
3.5 India Circuit Breaker Market - Industry Life Cycle
3.8 India Circuit Breaker Market - Porter’s Five Forces
4. India Circuit Breaker Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. India Circuit Breaker Market Trends
6. India Circuit Breaker Market Overview, by Voltage
6.1 India Low Voltage Circuit Breaker (< 1.1 kV) Circuit Breaker Market  Revenues and Volume, 2018-2028F
6.2 India Medium Voltage Circuit Breaker (1.1 kV - 38 kV) Circuit Breaker Market  Revenues and Volume, 2018-2028F
6.3 India High Voltage Circuit Breaker (> 38 kV) Circuit Breaker Market Revenues and Volume, 2018-2028F
7. India Circuit Breaker Market Overview, by Types
7.1 India Circuit Breaker Market Revenue and Volumes, By Low Voltage Circuit Breaker, 2018-2028F
7.2 India Circuit Breaker Market Revenue and Volumes, By Medium Voltage Circuit Breaker, 2018-2028F
7.3 India Circuit Breaker Market Revenue and Volumes, By High Voltage Circuit Breaker, 2018-2028F
8. India Circuit Breaker Market Overview, by Application
8.1 India Circuit Breaker Market Revenue and Volumes, By Residential, 2018-2028F
8.2 India Circuit Breaker Market Revenue and Volumes, By Commercial, 2018-2028F
8.3 India Circuit Breaker Market Revenue and Volumes, By Industrial, 2018-2028F
8.4 India Circuit Breaker Market Revenue and Volumes, By Power Utilities, 2018-2028F
8.5 India Circuit Breaker Market Revenue and Volumes, By Others, 2018-2028F
9. India Circuit Breaker Market Key Performance Indicators
10. India Circuit Breaker Market Opportunity Assessment
10.1 India Circuit Breaker Market Opportunity Assessment, By Types, 2028F
10.2 India Circuit Breaker Market Opportunity Assessment, By Application, 2028F
11. India Circuit Breaker Market Competitive Landscape
11.1 India Circuit Breaker Market By Companies, 2021
11.2 India Circuit Breaker Market Competitive Benchmarking, By Operating Parameters
12. Company Profiles
13. Key Strategic Recommendations
14. Disclaimer
 

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) And Competitive Landscape.

Product Code: ETC131499 Publication Date: Apr 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Circuit Breaker Market has witnessed substantial growth owing to growing constructional activities and increasing demand for operational safety. The major factors boosting the circuit breaker market in India are growing electricity consumption, expanding power consumption, and providing connectivity of smart grids in off-grid areas. Moreover, the increasing investment in the private and public sector would further support the growth of the circuit breaker market in India.

According to 6wresearch, the India Circuit Breaker Market size is expected to grow during 2020-2026. In terms of types, the low voltage segment is expected to lead the circuit breaker market revenue in India due to growing smart gird technology, less maintenance, and replacement cost. Additionally, the Indian market is anticipated to register negative growth in economic health during the first four quarters of 2020 due to the coronavirus pandemic which has spread a worse impact on the business worldwide. However, the market in India is expected to recover the economic scenario during the second half of 2020-2026 with healthy growth in the economy of the country.

Based on the applications, the power utility segment is expected to dominate the circuit breaker market in India during the forecast period on account of growing investment in the power transmission & distribution sector in the country. Furthermore, the rapid urbanization and favorable government policies are further expected to propel the demand for the circuit breaker market in India.

The India Circuit breaker market report comprehensively covers the market by voltage, type, and applications. The India Circuit breaker market outlook report provides an unbiased and detailed analysis of the on-going India 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.

India Circuit Breaker Market is anticipated to register growth during the forecast period 2020-26F owing to rising investments in large scale infrastructural projects and smart cities development across India coupled with investments towards renewable energy projects in the country in the upcoming six years. On the basis of end-users, the industrial sector in the country is expected to register the highest growth rate in the overall India Circuit Breaker market during the projected period owing to a spur in the mining, construction, and oil & petroleum extraction sectors across various other industrial applications in the country. Developments in the aforementioned sectors are shifting the focus of the industrialists towards the adoption of protective systems for enhanced security and safety purposes and to avoid accidental on-site deaths and is further expected to trigger the market growth of the India Circuit Breaker market.

India Packaging machinery market would witness a proliferation in the coming years as a result of the rising growth prospects of the packaging industry in the country. Rising population growth in the country is leading to an increased need for health and hygiene to ensure safe usability of consumer staples and other necessary domestic use products and this would be the major factor for the growth of the packaging machinery market in the country and also widen vast avenues for the potential investors of the India packaging machinery market to seek a promising future business growth and significant growth potential in the coming years and benefit from the progressive growth of the India packaging machinery market in the foreseeable future.

The India circuit breaker market is anticipated to witness a proliferation in the coming years on the back of an increase in the electrical infrastructure and an increase in the suburban migration for the better living standard has revamped the electrical grid infrastructure and is expected to register significant demand projections for circuit breakers in the country and provide ample opportunities to the potential investors of the market to seek progressive business growth in the coming timeframe. Rapid urbanization in the country has led to an increase in the demand for high-grade energy consumption and as a result, is leading to an increased demand for safety and security for the same. Increased power flow is also exposed to voltaic shocks or short circuits, and the rising need to prevent such power breakages and threats is anticipated to proliferate the market growth for India circuit breaker market in the coming timeframe.

Key Highlights of the Report:

  • India Circuit Breaker Market Overview
  • India Circuit Breaker Market Outlook
  • India Circuit Breaker Market Forecast
  • India Circuit Breaker Market Size and India Circuit Breaker Market Forecast, until 2026
  • Historical Data of India Circuit Breaker Market Revenues, By Voltage, 2016-2019
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Voltage until 2026
  • Historical Data of India Circuit Breaker Market Revenues, By Type, 2016-2019
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Type until 2026
  • Historical Data of India Circuit Breaker Market Revenues, By Application, 2016-2019
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Application until 2026
  • Market Size & Forecast of India Circuit Breaker Market Revenues, By Regions until 2026
  • India Circuit Breaker Market Trends
  • Market Drivers and Restraints
  • Porter's Five Force Analysis and Market Opportunity Assessment
  • India Circuit Breaker Market Share, By Players
  • India Circuit Breaker Market Overview on Competitive Benchmarking
  • Company Profiles
  • Strategic Recommendations

Markets Covered:

The India Circuit breaker market report provides a detailed analysis of the following market segments:

  • By Voltage
    • Low Voltage Circuit Breaker (< 1.1 kV)
    • Medium Voltage Circuit Breaker (1.1 kV - 36 kV)
    • High Voltage Circuit Breaker (> 36 kV)
  • By Type
    • Low Voltage Circuit Breaker
      • MCB
      • MCCB
      • ACB
      • Others (RCB, ELCB)
    • Medium Voltage Circuit Breaker
      • Gas Circuit-Breaker
      • Vacuum Circuit-Breaker
    • High Voltage Circuit Breaker
      • Gas Circuit-Breaker
      • Others (Oil, Hybrid)
  • By Applications
    • Residential
    • Commercial
    • Industrial
    • Power Utilities
    • Others (Transport, Government, etc.)

Pricing
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