China Circuit Breaker Market (2024-2030) | Outlook, Analysis, Share, Size, Industry, Growth, Trends, Value, Revenue, Companies & Forecast
Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape
| Product Code: ETC431417 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
China Circuit Breaker Market Competition 2023
China Circuit Breaker market currently, in 2023, has witnessed an HHI of 864, Which has decreased slightly as compared to the HHI of 1291 in 2017. The market is moving towards highly competitive. 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 fewer numbers of players or countries exporting in the market.
China Export Potential Assessment For Circuit Breaker Market (Values in USD Thousand)
China Circuit Breaker Market Highlights
| Report Name | China Circuit Breaker Market |
| Forecast period | 2024-2030 |
| CAGR | 9% |
| Growing Sector | Industrial |
Topics Covered in the China Circuit Breaker Market Report
The China Circuit Breaker Market report thoroughly covers the market by Type, Application, and Voltage. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
China Circuit Breaker Market Synopsis
The China Circuit Breaker Market has been experiencing growth in recent years and is expected to continue to grow in the coming years. This is due to the rapid industrialization, urbanization, investments in infrastructure, government initiatives, and technological advancements.
According to 6Wresearch, the China Circuit Breaker Market size is expected to grow at a significant CAGR of 9% during 2024-2030. One of the major drivers for the growth of the China Circuit Breaker market is the increasing demand for reliable power supply. With rapid urbanization and industrialization, there has been a significant increase in electricity consumption in China. This led to a growing need for efficient and reliable power distribution systems, further driving the demand for circuit breakers. Additionally, the government's focus on renewable energy sources has also fueled the demand for circuit breakers. Moreover, advancements in technology have led to the development of smart circuit breakers with features such as remote monitoring and control. This has increased their adoption in industries such as telecommunications.
One of the major challenges faced by the market is strong competition among manufacturers. Another challenge is the fluctuating raw material price having an impact on production costs for circuit breaker manufacturers. With the increasing environmental concerns, there is a need for more energy-efficient breakers, which is another challenge for manufacturers.
China Circuit Breaker Industry Leading Players
Some of the major players operating in the China circuit breaker market include Schneider Electric SE, Siemens AG, Eaton Corporation PLC, ABB Ltd., Mitsubishi Electric Corporation, General Electric Company, Toshiba Corporation, Hitachi Ltd., and Fuji Electric Co. Ltd. These companies are continuously investing in research and development to offer innovative, high-quality circuit breakers that meet the evolving demands of the market.
China Circuit Breaker Market Government Regulations
The circuit breaker market in China has seen various policies of the government which have further boosted the market growth. The Chinese government has introduced Made in China initiative which aims to modernize and upgrade the manufacturing sector of the country. Additionally, the Chinese government has also implemented policies to provide financial support and incentives for companies involved in circuit breaker production Furthermore, China has also been actively promoting international cooperation and collaboration in the circuit breaker industry. The country has signed numerous agreements with foreign countries to exchange technology and expertise in the production of circuit breakers. Moreover, the Chinese government has implemented stricter regulations and standards for circuit breaker production in recent years such as mandatory safety certifications in circuit breakers.
Future Insights of the Market
The China Circuit Breaker Market is expected to continue its growth in the coming years. This is due to factors such as urbanization, industrialization, and investments in smart grid infrastructure. The demand for advanced technologies in circuit breakers is also on the rise due to their compact design and high reliability. With an increasing government focus on renewable energy sources, there is a growing demand for circuit breakers that can handle high voltages and frequencies.
Market Segmentation by Voltage
According to Ravi Bhandari, Research Head, 6Wresearch, the high voltage circuit breaker segment is expected to dominate the market due to increasing demand from industrial and power utility sectors. Moreover, the need for reliable and efficient electricity transmission and distribution systems is further driving this segment.
Market Segmentation by Application
Based on the application, the industrial sector will dominate the market due to the growing demand for electricity in various industries such as manufacturing, construction, and oil & gas.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- China Circuit Breaker Market Outlook
- Market Size of China Circuit Breaker Market, 2023
- Forecast of China Circuit Breaker Market, 2030
- Historical Data and Forecast of China Circuit Breaker Revenues & Volume for the Period 2020-2030
- China Circuit Breaker Market Trend Evolution
- China Circuit Breaker Market Drivers and Challenges
- China Circuit Breaker Price Trends
- China Circuit Breaker Porter's Five Forces
- China Circuit Breaker Industry Life Cycle
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Insulation Type for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Vacuum Circuit Breaker for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Air Circuit Breaker for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Gas Circuit Breaker for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Oil Circuit Breaker for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Voltage for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Medium Voltage for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By High Voltage for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Installation for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Indoor for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Outdoor for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By End User for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By T&D Utilities for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Power Generation for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Renewables for the Period 2020-2030
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Railways for the Period 2020-2030
- China Circuit Breaker Import Export Trade Statistics
- Market Opportunity Assessment By Insulation Type
- Market Opportunity Assessment By Voltage
- Market Opportunity Assessment By Installation
- Market Opportunity Assessment By End User
- China Circuit Breaker Top Companies Market Share
- China Circuit Breaker Competitive Benchmarking By Technical and Operational Parameters
- China Circuit Breaker Company Profiles
- China Circuit Breaker Key Strategic Recommendations
Markets Covered
The 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.)
China Circuit Breaker Market (2024-2030); FAQs
Some of the key players in the China Circuit Breaker Market include ABB Ltd., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, and Eaton Corporation PLC.
The key factors driving the growth of the market due to the use of advanced technology, increasing focus by the government on renewable energy sources, and urbanization.
The industrial application holds the highest market share.
The key challenges faced by the market are more environmental concerns, strong competition, and fluctuating raw materials prices.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 China Circuit Breaker Market Overview |
| 3.1 China Circuit Breaker Market Revenues & Volume, 2020 - 2030F |
| 3.2 China Circuit Breaker Market - Industry Life Cycle |
| 3.3 China Circuit Breaker Market - Porter's Five Forces |
| 3.4 China Circuit Breaker Market Revenues & Volume Share, By Insulation Type, 2020 & 2030F |
| 3.5 China Circuit Breaker Market Revenues & Volume Share, By Voltage, 2020 & 2030F |
| 3.6 China Circuit Breaker Market Revenues & Volume Share, By Installation, 2020 & 2030F |
| 3.7 China Circuit Breaker Market Revenues & Volume Share, By End User, 2020 & 2030F |
| 4 China Circuit Breaker Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 China Circuit Breaker Market Trends |
| 6 China Circuit Breaker Market Segmentation |
| 6.1 China Circuit Breaker Market, By Insulation Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 China Circuit Breaker Market Revenues & Volume, By Insulation Type, 2020 - 2030F |
| 6.1.3 China Circuit Breaker Market Revenues & Volume, By Vacuum Circuit Breaker, 2020 - 2030F |
| 6.1.4 China Circuit Breaker Market Revenues & Volume, By Air Circuit Breaker, 2020 - 2030F |
| 6.1.5 China Circuit Breaker Market Revenues & Volume, By Gas Circuit Breaker, 2020 - 2030F |
| 6.1.6 China Circuit Breaker Market Revenues & Volume, By Oil Circuit Breaker, 2020 - 2030F |
| 6.2 China Circuit Breaker Market, By Voltage |
| 6.2.1 Overview and Analysis |
| 6.2.2 China Circuit Breaker Market Revenues & Volume, By Medium Voltage, 2020 - 2030F |
| 6.2.3 China Circuit Breaker Market Revenues & Volume, By High Voltage, 2020 - 2030F |
| 6.3 China Circuit Breaker Market, By Installation |
| 6.3.1 Overview and Analysis |
| 6.3.2 China Circuit Breaker Market Revenues & Volume, By Indoor, 2020 - 2030F |
| 6.3.3 China Circuit Breaker Market Revenues & Volume, By Outdoor, 2020 - 2030F |
| 6.4 China Circuit Breaker Market, By End User |
| 6.4.1 Overview and Analysis |
| 6.4.2 China Circuit Breaker Market Revenues & Volume, By T&D Utilities, 2020 - 2030F |
| 6.4.3 China Circuit Breaker Market Revenues & Volume, By Power Generation, 2020 - 2030F |
| 6.4.4 China Circuit Breaker Market Revenues & Volume, By Renewables, 2020 - 2030F |
| 6.4.5 China Circuit Breaker Market Revenues & Volume, By Railways, 2020 - 2030F |
| 7 China Circuit Breaker Market Import-Export Trade Statistics |
| 7.1 China Circuit Breaker Market Export to Major Countries |
| 7.2 China Circuit Breaker Market Imports from Major Countries |
| 8 China Circuit Breaker Market Key Performance Indicators |
| 9 China Circuit Breaker Market - Opportunity Assessment |
| 9.1 China Circuit Breaker Market Opportunity Assessment, By Insulation Type, 2020 & 2030F |
| 9.2 China Circuit Breaker Market Opportunity Assessment, By Voltage, 2020 & 2030F |
| 9.3 China Circuit Breaker Market Opportunity Assessment, By Installation, 2020 & 2030F |
| 9.4 China Circuit Breaker Market Opportunity Assessment, By End User, 2020 & 2030F |
| 10 China Circuit Breaker Market - Competitive Landscape |
| 10.1 China Circuit Breaker Market Revenue Share, By Companies, 2023 |
| 10.2 China Circuit Breaker Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape
| Product Code: ETC431417 | Publication Date: Oct 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
China Circuit Breaker Market | Country-Wise Share and Competition Analysis
In the year 2021, Japan was the largest exporter in terms of value, followed by Switzerland. It has registered a growth of 30.9% over the previous year. While Switzerland registered a decline of -25.72% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by Switzerland. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has a Herfindahl index of 1475 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 894 which signifies high competitiveness in the market.
China Circuit Breaker Market - Export Market Opportunities
Topics Covered in the China Circuit Breaker Market
China Circuit Breaker Market report thoroughly covers the market by insulation type, by voltage, by installation, and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
China Circuit Breaker Market Synopsis
China Circuit Breaker Market is an integral part of the electric power supply chain and it helps in interrupting the flow of electricity during faults or overloading. The China Circuit Breaker Industry has witnessed significant growth due to rapid urbanization, industrialization, and technological advancements. The overall growth prospects of this industry seem promising for investors as the government seeks to expand its infrastructure through several projects and initiatives that will increase demand for high-quality electrical equipment.
According to 6Wresearch, the China Circuit Breaker Market size is anticipated to register tremendous growth during 2023-2029. The market has seen substantial growth and is forecast to maintain its trajectory over the years. Stakeholders in the industry are heavily investing in R&D for modern products that meet evolving market needs. The government is also being supportive of energy conservation which has further propelled the China Circuit Breaker Market Growth. Moreover, advancements in smart grid technology, renewable energy systems, and electric vehicles are likely to further accelerate the growth of China circuit breaker market.
COVID-19 Impact on the China Circuit Breaker Market
The global pandemic has had a significant impact on the China Circuit Breaker Market as it has negatively affected the industry due to disruptions in supply chains and production activities. Many circuit breaker manufacturers in China have experienced a decline in demand for their products as construction projects were halted due to lockdowns implemented across the country. However, with the easing of restrictions, there is an opportunity for growth in this market. Furthermore, many Chinese circuit breaker manufacturers are adopting advanced technologies to improve product quality and efficiency.
Key Players in the China Circuit Breaker Market
The China Circuit Breaker Market has a wide array of key players providing technologically advanced and diverse circuit breaker products for different industries. For instance,
- Schneider Electric SE
- Siemens AG
- ABB Ltd.
- Eaton Corporation PLC
- Mitsubishi Electric Corporation
- Toshiba Corporation
- General Electric Company
Market Analysis by Insulation Type
Based on Insulation Type, the vacuum circuit breaker market is forecast to dominate the China Circuit Breaker Market Share on account of its ability to offer low maintenance and a longer lifespan than other insulation types.
Market Analysis by Voltage
By Voltage, the medium voltage segment is growing in China owing to the burgeoning demand for electricity and the growing need for energy-efficient power distribution systems.
Market Analysis by Installation
According to Bhavya, Senior Research Analyst, 6Wresearch, the indoor segment is proliferating in the China circuit breaker market due to the increasing demand for power distribution systems in buildings, while the outdoor segment is also growing due to the surging demand for power transmission systems.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- China Circuit Breaker Market Outlook
- Market Size of China Circuit Breaker Market, 2022
- Forecast of China Circuit Breaker Market, 2029
- Historical Data and Forecast of China Circuit Breaker Revenues & Volume for the Period 2019 - 2029
- China Circuit Breaker Market Trend Evolution
- China Circuit Breaker Market Drivers and Challenges
- China Circuit Breaker Price Trends
- China Circuit Breaker Porter's Five Forces
- China Circuit Breaker Industry Life Cycle
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Insulation Type for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Vacuum Circuit Breaker for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Air Circuit Breaker for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Gas Circuit Breaker for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Oil Circuit Breaker for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Voltage for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Medium Voltage for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By High Voltage for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Installation for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Indoor for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Outdoor for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By End User for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By T&D Utilities for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Power Generation for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Renewables for the Period 2019 - 2029
- Historical Data and Forecast of China Circuit Breaker Market Revenues & Volume By Railways for the Period 2019 - 2029
- China Circuit Breaker Import Export Trade Statistics
- Market Opportunity Assessment By Insulation Type
- Market Opportunity Assessment By Voltage
- Market Opportunity Assessment By Installation
- Market Opportunity Assessment By End User
- China Circuit Breaker Top Companies Market Share
- China Circuit Breaker Competitive Benchmarking By Technical and Operational Parameters
- China Circuit Breaker Company Profiles
- China Circuit Breaker Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Insulation Type
- Vacuum Circuit Breaker
- Air Circuit Breaker
- Gas Circuit Breaker
- Oil Circuit Breaker
By Voltage
- Medium Voltage
- High Voltage
By Installation
- Indoor
- Outdoor
By End User
- T&D Utilities
- Power Generation
- Renewables
- Railways
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