alfanar Group, ABB, CG Power & Industrial Solutions Ltd., Eaton Corporation, General Electric, HD Hyundai, Kirloskar Electric Company, LS ELECTRIC, and Mitsubishi Electric Corporation, among others. How big is the North America circuit breaker?
The North American circuit breaker market size crossed USD 4.2 billion in 2023 and is set to expand at more than 8% CAGR from 2024 to 2032, owing to the ongoing modernization of aging power infrastructure and integration of smart grid technologies and renewable energy sources.
Major key players operating across the North America circuit breaker industry are: In October 2023, ABB collaborated with Finkl Steel, a key North American steel giant, to deploy an advanced arc furnace circuit breaker, optimizing their manufacturing capabilities.
North America circuit breaker industry from the outdoor installation segment will record 7% CAGR through 2032, due to the easier access for maintenance and reduced space constraints compared to indoor setups.
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The North America circuit breaker market was estimated at USD 4.8 billion in 2024. The market is expected to grow from USD 5.3 billion in 2025 to USD 9.6 billion in 2034, at a CAGR of 6.7%.
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