Medium Voltage Circuit Breaker Market Size & Share, by Insulation (Air Circuit Breaker, Vacuum Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker); Type (Outdoor, Indoor); End-use (Residential, Commercial, Utility Scale, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5697
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Medium Voltage Circuit Breaker Market size is estimated to cross USD 19 Billion by the end of 2036, expanding around 10% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of medium voltage circuit breaker was about USD 7 Billion. The growth of the market is rising due to the growing consumption of renewable energy. In the next five years, the globe is expected to add more renewable energy capacity than it has since the first commercial renewable energy power plant was constructed more than a century ago. Throughout the years 2023–2028, nearly 3 699 GW of new renewable capacity will become available. Therefore, the medium voltage circuit breaker market growth is set to be influenced by this factor. Long-term deployment of these circuit breakers is encouraged by the fact that they are critical to preserving grid stability and averting power disruptions.

Additionally, the governments in different countries have created legislation, initiatives, and a welcoming atmosphere to draw in foreign capital and quickly expand the global position in the renewable energy sector. Therefore, this factor is also estimated to drive the demand for medium-voltage circuit breakers.

Medium Voltage Circuit Breaker Market
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Medium Voltage Circuit Breaker Market: Growth Drivers and Challenges

Growth Drivers

  • Replacement of Old Grid Infrastructure - Users of electricity benefit from increased reliability as a result of replacing these aging assets. Reliability and power quality are more crucial than ever for electric customers in an increasingly digital society. Less downtime from end-of-life failures or operational stress will result from newer infrastructure. Power systems depend on an intricate web of transmission lines, transformer- and circuit-breaker-filled substations, and a host of additional devices including feeder circuits, reclosers, sectionalizes, fuses, cutouts, service transformers, and service drops to function well. To guarantee that clients receive power, each of these parts must operate efficiently for which the replacement is necessary. Therefore, with replacement, the adoption of a medium voltage circuit breaker. In utilities, circuit breakers are essential to the secure running of grids. They safeguard vital components found in power facilities, including transformers and generators. Circuit breakers are primarily used to identify faults in the power transmission system, such as short circuits, and to quickly disconnect the impacted equipment from the grid to stop additional damage.
  • Rising Investment in Smart Cities - From more than 80 billion US dollars in 2018 to over 188 billion dollars in 2023, it is predicted that worldwide technology investment in smart city initiatives will more than double between 2018 and 2023. With this initiative of smart cities, the need for energy efficiency is also boosted which is why the demand for medium-voltage circuit breakers is growing.
  • Growing Acceptance of Electrical Safety Regulation - In industrial settings, utility-scale grids, and residential and commercial structures, breakers have become an essential component of electrical networks. Due to the fast-paced modernization, electrical switching devices are installed in every home, business, and other building. Breakers are now considered an integral component of all structures. regular modifications, such as stringent adherence to test protocols for switchgear and breakers used in electrical power distribution systems. Individual circuit breakers must be used with some heavy-duty equipment to ensure dependable and safe operation. A regulated environment resembling this has improved the breaker market sales market dynamics.


  • Growing Competition from Unauthorized Companies- The major businesses may now compete in the worldwide medium voltage circuit breaker market owing to increased investments in technological advancements aimed at breaking circuits. One of the main factors limiting the market's growth during the forecast period is likely to be the competitive pricing strategy used by small competitors and the growing competition from unorganized players to meet the demand from industries like manufacturing, construction, transportation, and processing.
  • Strict Environmental Regulations - One of the most potent greenhouse gases known to have a high potential for global warming is SF6. The Intergovernmental Panel on Climate Change (IPCC) has classified it as a particularly damaging greenhouse gas, which has led to laws for reducing its emissions. While there isn't a substitute that can equal SF6's efficiency, regulations prohibiting its use and the resulting high procurement costs hinder the medium voltage circuit breaker market expansion. Moreover, SF6 gas leaks, a choking gas that might endanger nearby individuals, can be caused by defective joints during the production of SF circuit breakers.
  • Surging Risk of Cyber Security

Medium Voltage Circuit Breaker Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

~ USD 7 Billion

Forecast Year Market Size (2036)

~ USD 19 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Medium Voltage Circuit Breaker Segmentation

Type (Outdoor, Indoor)

The outdoor segment in the medium voltage circuit breaker market is expected to gather the highest revenue share of about 60% during the forecast period. The major factor influencing the segment growth is the growing need for electricity in rural regions. However, it is projected that by 2022, there is going to be over 759 million people without access to power worldwide. The number of individuals without access to electricity has surged recently, returning to levels seen in 2019 as a result of the COVID-19 pandemic's effects and Russia's invasion of Ukraine. Sub-Saharan Africa, where about 79% of the world's population lacks access to electricity, is where much of this expansion is observed. Therefore, this further boosts the adoption of medium-voltage outdoor breakers. Also, this region is having huge adoption of sustainable energy solutions which might further provide power to this rural region at more affordable rates. Furthermore, by incorporating the production of green power into their operations, farmers and forest owners have stabilized, expanded, and diversified their sources of revenue. Therefore, this segment is observing growth hence further influencing medium voltage circuit breaker market growth. 

End-Use (Residential, Commercial, Utility Scale, Industrial)

The industrial segment in the medium voltage circuit breaker market is expected to gather the highest revenue share of about 40% during the forecast period. The deployment of medium voltage circuit breaker units will be complemented by the growing need for industrial automation and improved production processes for dependable and efficient operation. By detecting possible problems, improving equipment performance, and lowering unscheduled shutdowns, predictive maintenance, condition monitoring, and remote monitoring are the essential elements that increase operational efficiency and reduce downtime of industrial operations. The favorable business environment is expected to be enhanced by the expanding focus on integrating wide-ranging frequency distribution linkages and the growing concern for energy efficiency. As a result, the segment is expected to observe growth over the coming years. 

Our in-depth analysis of the global medium voltage circuit breaker market includes the following segments:


  • Air Circuit Breaker
  • Vacuum Circuit Breaker
  • Gas Circuit Breaker
  • Oil Circuit Breaker


  • Outdoor
  • Indoor


  • Residential
  • Commercial
  • Utility Scale
  • Industrial

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Medium Voltage Circuit Breaker Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific medium voltage circuit breaker market is projected to generate the highest revenue share of over 30% during the forecast period. This growth is set to be influenced by the rising urban population. Asia is inhabited by roughly 2.2 billion people or 54% of the world's metropolitan population. Asia is expected to include 1.2 billion more urban residents by 2050, a 50% increase in population. Hence, with this, the infrastructure development is also growing driving the medium voltage circuit breaker market growth. Furthermore, the need for various commercial sectors is also growing significantly in this region which further demands the huge need for power. Additionally, the demand for wind energy is also surging in this region which is also boosting demand for medium voltage circuit breakers.  

European Market Analysis

The medium voltage circuit breaker in Europe is also estimated to have significant growth during the forecast period. The growth of the medium voltage circuit breaker market in this region is set to be influenced by the growing adoption of IoT in medium-voltage circuit breakers. It improves the efficiency of the circuit breaker by helping with power management. that everything stays dependable and stable.

Research Nester
Medium Voltage Circuit Breaker Market Size
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Top Featured Companies Dominating the Medium Voltage Circuit Breaker Landscape

    • ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • PFIFFNER Group
    • Schneider Electric
    • Eaton
    • Siemens
    • General Electric
    • Chint Group
    • Noken
    • Legrand
    • Havells India Limited


In The News

  • The steel plant's efficiency and equipment lifespan are increased by ABB's new medium-voltage circuit breaker. The tiny VD4-AF gadget is an all-in-one that features exact control over its own mechanical and electrical performances, continuous monitoring, and synchronization.
  • A new high-voltage air-insulated switchgear (AIS) circuit breaker for substations has been announced by the Switzerland-based PFIFFNER Group, a specialist in transmission and distribution components. This circuit breaker uses SF6-free and F-gas-free insulation media, helping to set a new standard for the safe and sustainable operation of electrical grids.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 5697
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the replacement of old grid infrastructure, rising investment in smart cities, and growing acceptance of electrical safety regulations.

The market size of medium voltage circuit breakers is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

The major players in the market are ABB, PFIFFNER Group, Schneider Electric, Eaton, and others.

The outdoor segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Medium Voltage Circuit Breaker Market Report Scope

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