Circuit Breaker Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-2028.
The circuit breaker market 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% from 2023 to 2028. The circuit breaker market is a segment of the electrical equipment industry focused on manufacturing, distributing, and servicing devices that protect electrical circuits from damage caused by overload, short circuits, or other faults. These devices automatically interrupt the flow of electricity when they detect abnormal conditions, preventing potential hazards such as fires, equipment damage, or electrical shocks.