Global Circuit Breaker Market 2024

Circuit Breaker Market Size

In 2022, the global circuit breaker market decreased by X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Circuit Breaker Production

In value terms, circuit breaker production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of automatic circuit breakers, which increased by X% to X units in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, circuit breaker exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) represented the key exporter of automatic circuit breakers, generating X% of total exports. Mexico (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%). The following exporters - the Dominican Republic (X units), the Czech Republic (X units), Germany (X units), Italy (X units), the United States (X units), Poland (X units), Hungary (X units), Bulgaria (X units), Singapore (X units) and South Korea (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the automatic circuit breakers exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), the Czech Republic (X%), Mexico (X%), Bulgaria (X%), the Dominican Republic (X%), Italy (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Germany, South Korea and France experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest circuit breaker supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), together comprising X% of global exports. France, the Czech Republic, Mexico, the Dominican Republic, Italy, South Korea, Singapore, Hungary, Poland and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other global leaders experienced more modest paces of growth.

Circuit Breaker Imports

Imports

Global circuit breaker imports rose rapidly to X units in 2022, increasing by X% against 2021. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, circuit breaker imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by Hungary (X units) and Germany (X units) were the largest importers of automatic circuit breakers, together creating X% of total imports. Russia (X units), the Czech Republic (X units), France (X units), Brazil (X units), the United Arab Emirates (X units), China (X units), Turkey (X units), Spain (X units), the Netherlands (X units) and Mexico (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to circuit breaker imports into the United States stood at X%. At the same time, the Czech Republic (X%), Hungary (X%), China (X%), the Netherlands (X%), Spain (X%), Turkey (X%), Brazil (X%), the United Arab Emirates (X%), Germany (X%), Russia (X%) and Mexico (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, France (X%) illustrated a downward trend over the same period. The United States (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported automatic circuit breakers worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by the Czech Republic, with a X% share.

In the United States, circuit breaker imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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