Circuit Breaker Market Size, Growth, Industry Report 2023-2028
According to the latest report by IMARC Group, titled “Circuit Breaker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the circuit breaker market research . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global circuit breaker market size reached US$ 8.6 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2028 , exhibiting a growth rate (CAGR) of 3.37% during 2023-2028 . Circuit Breaker Market Overview: A circuit breaker refers to an electrical switching device that automatically interrupts or breaks an electrical circuit. It happens when the current goes beyond a certain level or when there is a short circuit or other faults. A circuit breaker is created to protect electrical systems from damage caused by overloading or short circuits and to prevent fires