Asia: Circuit Breaker Market 2025

Circuit Breaker Market Size in Asia

The Asian circuit breaker market fell slightly to $X in 2022, shrinking by -4.5% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Circuit Breaker Production in Asia

In value terms, circuit breaker production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Circuit Breaker Exports

Exports in Asia

In 2022, circuit breaker exports in Asia skyrocketed to X units, picking up by 39% compared with 2021. Overall, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports expanded to $X in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 75% of total exports in 2022. Singapore (X units), South Korea (X units), Thailand (X units), Japan (X units), India (X units), Turkey (X units) and Vietnam (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +10.8% from 2012 to 2022. At the same time, Vietnam (+21.9%), Singapore (+11.8%), Thailand (+8.2%), Turkey (+4.7%), Japan (+1.7%) and India (+1.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.9% from 2012-2022. South Korea experienced a relatively flat trend pattern. While the share of China (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-2.6 p.p.), Japan (-2.9 p.p.) and South Korea (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest circuit breaker supplier in Asia, comprising 45% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by South Korea, with a 10% share.

In China, circuit breaker exports expanded at an average annual rate of +6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+0.1% per year) and South Korea (-1.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by -24.4% against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 6.8%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the other leaders experienced a decline in the export price figures.

Circuit Breaker Imports

Imports in Asia

In 2022, purchases abroad of automatic circuit breakers increased by 14% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, circuit breaker imports shrank slightly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

Indonesia (X units), Turkey (X units), China (X units), the United Arab Emirates (X units), Japan (X units), Vietnam (X units), Singapore (X units), Malaysia (X units), Thailand (X units), India (X units), Iraq (X units) and South Korea (X units) represented roughly 77% of total imports in 2022. Taiwan (Chinese) (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker importing markets in Asia were Turkey ($X), China ($X) and Japan ($X), with a combined 28% share of total imports. The United Arab Emirates, Singapore, Vietnam, India, Indonesia, Thailand, South Korea, Malaysia, Taiwan (Chinese) and Iraq lagged somewhat behind, together comprising a further 43%.

In terms of the main importing countries, Vietnam, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, reducing by -15.1% against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 2.7% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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