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: ETC431421 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Circuit Breaker Market is poised for steady growth rate improvements from 2025 to 2029. From 1.82% in 2025, the growth rate steadily ascends to 6.75% in 2029.
By 2027, the Circuit Breaker market in Thailand is anticipated to reach a growth rate of 2.63%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The Thailand Circuit Breaker Market size was valued at USD 842.2 million in 2019 and is estimated to reach a value of USD 973.8 million by the end of 2020. The market is expected to register a CAGR of 5.8% during the forecast period, from 2021 to 2026. Increasing demand for energy-efficient circuit breakers coupled with rising investments in electricity power generation are some key factors driving the growth of the market studied. Growing globalization and industrialization have further boosted investments in smart grid technologies that require efficient circuit breakers, which is likely to enhance their demand over the forecast period as well. However, high initial costs associated with such devices may hinder market growth during the forecast period
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 Thailand Circuit Breaker Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Circuit Breaker Market Revenues & Volume, 2021 & 2028F |
3.3 Thailand Circuit Breaker Market - Industry Life Cycle |
3.4 Thailand Circuit Breaker Market - Porter's Five Forces |
3.5 Thailand Circuit Breaker Market Revenues & Volume Share, By Insulation Type, 2021 & 2028F |
3.6 Thailand Circuit Breaker Market Revenues & Volume Share, By Voltage, 2021 & 2028F |
3.7 Thailand Circuit Breaker Market Revenues & Volume Share, By Installation, 2021 & 2028F |
3.8 Thailand Circuit Breaker Market Revenues & Volume Share, By End User, 2021 & 2028F |
4 Thailand Circuit Breaker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in Thailand leading to higher demand for electricity and infrastructure development. |
4.2.2 Growing investment in renewable energy sources such as solar and wind power, driving the need for circuit breakers in the country. |
4.2.3 Stringent regulations and government initiatives focusing on enhancing electrical safety standards in Thailand. |
4.3 Market Restraints |
4.3.1 Economic fluctuations affecting the overall construction and infrastructure development projects in the country. |
4.3.2 Competition from substitute products such as fuses and surge protectors impacting the market growth. |
4.3.3 Supply chain disruptions and raw material price fluctuations affecting the manufacturing and pricing of circuit breakers. |
5 Thailand Circuit Breaker Market Trends |
6 Thailand Circuit Breaker Market, By Types |
6.1 Thailand Circuit Breaker Market, By Insulation Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Circuit Breaker Market Revenues & Volume, By Insulation Type, 2018 - 2028F |
6.1.3 Thailand Circuit Breaker Market Revenues & Volume, By Vacuum Circuit Breaker, 2018 - 2028F |
6.1.4 Thailand Circuit Breaker Market Revenues & Volume, By Air Circuit Breaker, 2018 - 2028F |
6.1.5 Thailand Circuit Breaker Market Revenues & Volume, By Gas Circuit Breaker, 2018 - 2028F |
6.1.6 Thailand Circuit Breaker Market Revenues & Volume, By Oil Circuit Breaker, 2018 - 2028F |
6.2 Thailand Circuit Breaker Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Thailand Circuit Breaker Market Revenues & Volume, By Medium Voltage, 2018 - 2028F |
6.2.3 Thailand Circuit Breaker Market Revenues & Volume, By High Voltage, 2018 - 2028F |
6.3 Thailand Circuit Breaker Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 Thailand Circuit Breaker Market Revenues & Volume, By Indoor, 2018 - 2028F |
6.3.3 Thailand Circuit Breaker Market Revenues & Volume, By Outdoor, 2018 - 2028F |
6.4 Thailand Circuit Breaker Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Thailand Circuit Breaker Market Revenues & Volume, By T&D Utilities, 2018 - 2028F |
6.4.3 Thailand Circuit Breaker Market Revenues & Volume, By Power Generation, 2018 - 2028F |
6.4.4 Thailand Circuit Breaker Market Revenues & Volume, By Renewables, 2018 - 2028F |
6.4.5 Thailand Circuit Breaker Market Revenues & Volume, By Railways, 2018 - 2028F |
7 Thailand Circuit Breaker Market Import-Export Trade Statistics |
7.1 Thailand Circuit Breaker Market Export to Major Countries |
7.2 Thailand Circuit Breaker Market Imports from Major Countries |
8 Thailand Circuit Breaker Market Key Performance Indicators |
8.1 Adoption rate of smart grid technologies in Thailand. |
8.2 Number of new construction projects or infrastructure developments in the country. |
8.3 Percentage of electricity generated from renewable sources in Thailand. |
8.4 Number of reported electrical accidents or incidents in the region. |
8.5 Investment in RD for advanced circuit breaker technologies. |
9 Thailand Circuit Breaker Market - Opportunity Assessment |
9.1 Thailand Circuit Breaker Market Opportunity Assessment, By Insulation Type, 2021 & 2028F |
9.2 Thailand Circuit Breaker Market Opportunity Assessment, By Voltage, 2021 & 2028F |
9.3 Thailand Circuit Breaker Market Opportunity Assessment, By Installation, 2021 & 2028F |
9.4 Thailand Circuit Breaker Market Opportunity Assessment, By End User, 2021 & 2028F |
10 Thailand Circuit Breaker Market - Competitive Landscape |
10.1 Thailand Circuit Breaker Market Revenue Share, By Companies, 2021 |
10.2 Thailand Circuit Breaker Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |