According to the latest report by IMARC Group, titled “Indian Circuit Breaker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the Indian Circuit Breaker market size reached a strong growth in 2019. A circuit breaker refers to a switching device that helps in interrupting faulty currents to prevent fluctuations and protect other devices that are attached to the circuit. It is available in different sizes, ranging from small devices that protect low-current circuits to large switchgear designed to protect high-voltage circuits. Circuit breakers do not need any replacement like a fuse or any other safety devices which provide an advantage over other devices. With rapid urbanization and emergence of non-conventional energy sources, circuit breakers are gaining immense traction in India.
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The India circuit breaker market is primarily driven by the growing demand for electricity in the country. Circuit breakers are beneficial in the transmission and distribution (T&D) of power and protect the equipment from fluctuations and short circuits. Besides this, the Government of India has introduced numerous initiatives to establish efficient and smart power grids due to the emerging demand for electricity. Apart from this, there has been a rise in investments by both public and private organizations for the construction of new power, sewage and water supply infrastructure to replace the old systems. This has also increased the spending on electrical infrastructure, thereby boosting the sales of circuit breakers.
Market Breakup by Product Type:
- Indoor Circuit Breakers
- Outdoor Circuit Breakers
- Market Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
- Air
- Vacuum
- Oil
- SF6
- Transmission and Distribution
- Renewable
- Power Generation
- Railways
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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