United States Circuit Breaker Market Leaders, Future Trends, Historical Analysis and Forecast 2022-2027

According to the latest report by IMARC Group, titled "United States Circuit Breaker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The United States circuit breaker market size reached US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2027, exhibiting a growth rate (CAGR) of 5.9% during 2022-2027.

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Circuit breakers are switching devices that are crafted to control and protect the electrical power system. These devices operate manually or automictically for guarding the electric circuit against the damages caused by the flow of excess current from either overload or short circuits. They interrupt the current flow of irregular power by opening or closing electrical circuits, following which they can be reset to resume their usual operations. Considered as one of the most important safety mechanisms, circuit breakers are installed across residential, industrial and commercial sectors in the United States to reduce the risks of potential fire hazards resulting from wiring issues and equipment failures.

The United States Circuit Breaker Market Trends:

The market in the United States is driven by the confluence of several factors, including increasing electricity consumption and the consistent demand for operational safety in the energy sector. Moreover, the Government of the US is taking initiatives to renovate the aging grid infrastructure and deploy smart grids throughout the country to accommodate complex power flows with enhanced reliability. Since circuit breakers form an indispensable component of these grids, this is creating a positive outlook for the market. Furthermore, fuses are increasingly being replaced by circuit breakers across the residential and commercial spaces since these devices work effectively amid high-voltage fluctuations, unlike the former, which is acting as another major growth-inducing factor. Other factors driving the market growth in the country include the expansion of the power sector and several utility projects in the pipeline.

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Key Market Segmentation:

Breakup by Product Type:

• Indoor Circuit Breakers
• Outdoor Circuit Breakers

Breakup by Voltage:

• Low Voltage
• Medium Voltage
• High Voltage

Breakup by Technology:

• Air
• Vacuum
• Oil
• SF6

Breakup by End-Use:

• Transmission and Distribution
• Renewable
• Power Generation
• Railways

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

• Competitive Structure
• Key Player Profiles

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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