Delray Beach, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- The global Circuit Breaker Market size is expected to grow from USD 6.5 billion in 2023 to USD 8.6 billion by 2028, at a CAGR of 5.5% according to a new report by MarketsandMarkets™. The circuit breaker market growth is driven by various factors, including increasing investments in power generation, particularly from renewable energy sources. There is a rising global demand for secure and reliable power supply, along with growing capacity additions and improvements in transmission and distribution (T&D) networks. Additionally, the railway sector is experiencing accelerated investments, contributing to the expansion of the circuit breaker market.

Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally, the demand for reliable transmission and distribution (T&D) networks presents high-growth opportunities for the circuit breaker market.