Europe circuit breaker market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.

Circuit breakers are the devices which can be operated automatically or manually for the protection and controlling of electrical power system. There are few standards for using the circuit breakers for different applications like UL standard for the circuit breaker, UL 489 Listed for using the circuit breakers in North America region for the residential applications. It works as a resistor for the interruption of the flow of the current after the detection of the fault in the electric circuit. Circuit breakers are used in all type of applications like residential, industrial, commercial, automotive and other applications and it depends on the basis of the voltage class, current rating and type of the circuit breaker.

Circuit breakers are used to prevent the potential for fires and other mayhem resulting from simple wiring problems and equipment failures.

The introduction of the smart circuit breakers in the market which is powered by the advanced technologies and Internet of Things for real time analytics is the latest innovation which can help in the remote accessing and controlling.

There are many types of circuit breakers which are used for different applications depend on the voltage range and the rated current and the type of application.

For the complete circuit the connection of loads (appliances) offers resistance to the flow of charge and the whole electrical system inside the house or industries will work smoothly.

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Segmentation: Europe Circuit Breaker Market

Europe circuit breaker market is segmented into seven notable segments which are product type, voltage range, rated current, location, external design and end user.

·       On the basis of product type, the market is segmented into low voltage circuit breaker and high voltage circuit breaker.

·       On the basis of external design, the market is segmented into live tank and dead tank.

·       On the basis of location, the market is segmented into indoor and outdoor.

·       On the basis of voltage range, the market is segmented into less than 500V, 500V to 1KV, 1KV to 15KV, 15KV to 50KV, 50KV to 150KV, 150KV to 300KV, 300KV to 800KV and >800 KV.

·       On the basis of rated current, the market is segmented into less than 500 A, 500 A to 1500 A, 1500 A to 2500 A, 2500A to 4500 A and > 4500 A.

·       On the basis of operating mechanism, the market is segmented into spring operated circuit breaker, hydraulic circuit breaker, pneumatic circuit breaker and others.

·       On the basis of end user, the market is segmented into industrial, utility, commercial, automotive, residential and others.

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Competitive Analysis: Europe Circuit Breaker Market

Some of the major players operating in this market are ABB, Siemens, Schneider Electric, Mitsubishi Electric Corporation, Efacec, Eaton, TOSHIBA INTERNATIONAL CORPORATION, Fuji Electric Co, TE Connectivity Ltd., Honeywell International, Inc., Panasonic Corporation, Powell Industries Carling Technologies, CG Power and Industrial Solutions Ltd, LARSEN & TOUBRO LIMITED, MAXWELL TECHNOLOGIES, INC., HAWKER SIDDELEY SWITCHGEAR, INDUSTRIAL ELECTRIC MFG, ETA Elektrotechnische Apparate GmbH, Andeli Group Co.,Ltd, Hitachi Industrial Equipment Systems Co.,Ltd, Tavrida Electric, Terasaki Electric Co.,Ltd, Yueqing Feeo Electric Co., Ltd and others.

Product Launch:

In May 2018, Schneider Electric announced the launch of the medium-voltage protection relay – Easergy P3. The protection relay trips a circuit breaker when a fault is detected and is designed to save operational uptime. This would help the company in terms of more market share as the product provides real-time analytics with advanced technologies and solutions powered by Internet Of Things.

In February 2019, Schneider Electric announced the launch of the Masterpact MTZ which is a high power low voltage circuit breaker. It would help the company to enhance their product portfolio of the circuit breakers as these circuit breakers provide good performance and reliability with new digital capabilities.

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Research Methodology: Europe Circuit Breaker Market

Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.

Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.

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