Luton, Bedfordshire, UK, Feb. 13, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the detailed research report on the Circuit Breaker Market.

The globe circuit breaker market is expected to grow at 6.1% CAGR from 2019 to 2028. It is expected to reach over $9.64 billion by 2028, up from $5.66 billion in 2021. The market is dominated by three companies: ABB, Eaton Corporation and Siemens. ABB is the market leader with a 34% market share. In second place is Eaton Corporation with a 23% market share. Siemens is third with a market share of 17%. The three companies are expected to dominate the market through 2021.

A circuit breaker is a switch that interrupts the flow of electricity when tripped by a fault. It is a safety device used in electrical systems to prevent damage. According to a report by Exactitude Consultancy, the circuit breaker market will grow at 6.1% annually through 2021. Circuit breakers are used to protect electrical equipment from overloads or faults. By 2028, the market is expected to be worth $9.64 billion.

Request a free sample copy of the report: https://exactitudeconsultancy.com/reports/2357/circuit-breaker-market/#request-a-sample

Companies Profile in Circuit Breaker Market Report:

The major players in the circuit breaker market are ABB, Schneider Electric Siemens, Mitsubishi Electric & Eaton, CG Power and Industrial Solutions, XIGAO Group, LS ELECTRIC, Hueayi Electric, Myers Power Products, Larsen & Toubro, TE Connectivity, Meidensha, Toshiba, and Powell Industries other.