Circuit Breaker Market Size

Circuit Breaker Market size was over USD 10.41 billion in 2024 and is poised to reach USD 26.23 billion by the end of 2037, growing at around 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of circuit breaker is assessed at USD 11.03 billion.

The growth of the market can be attributed to the growing investment in power generation. Power infrastructure must be expanded and upgraded when governments invest in power-producing projects. This includes the installation of more reliable circuit breakers for reliable power generation and supply. According to the International Energy Agency, investment in the power sector increased by 8% to USD 2.4 trillion in 2022. The majority of the investment is done in energy-efficient technologies.

Besides this, the factor that is also responsible for the market growth of circuit breakers is the growing age of grid infrastructure. As grid infrastructure ages, it necessitates more frequent upkeep and repairs. Circuit breakers are vital parts for preventing electrical faults and overloads on the grid. Upgrading or replacing aging circuit breakers can assist minimize the frequency of repairs and maintenance. The majority of electric transmission and distribution lines were built in the 1950s and 1960s with a 50-year average lifespan, currently, many of these lines are deteriorating or expired.