Circuit Breaker Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-2028.
The circuit breaker market size was valued at USD 5.77 billion in 2023 and is forecast to grow to USD 8.19 billion by 2028 at a CAGR of 5.90% during 2023-2028. The development of the circuit breaker market is projected to be fuelled by increased investment in power generation, including the use of renewable energy sources and linking power generating stations to switch yards and the electrical grid, plans for electrification of rural areas in developing countries, increasing installation of circuit breakers in utilities and power plants, and several other factors.