India: Circuit Breaker Market 2025

Circuit Breaker Market Size in India

In 2022, the Indian circuit breaker market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a perceptible setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Circuit Breaker Production in India

In value terms, circuit breaker production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 44% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Circuit Breaker Exports

Exports from India

Circuit breaker exports from India shrank sharply to X units in 2022, with a decrease of -15.5% compared with the previous year's figure. Over the period under review, exports, however, saw a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 86%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, circuit breaker exports stood at $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.2% 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 +37.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Singapore (X units), the United Arab Emirates (X units) and the United States (X units) were the main destinations of circuit breaker exports from India, together accounting for 47% of total exports. France, Turkey, Brazil, Myanmar, Australia, the UK, Indonesia, Poland, Nepal and Bangladesh lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and France ($X) were the largest markets for circuit breaker exported from India worldwide, with a combined 35% share of total exports. The United Arab Emirates, Brazil, Turkey, Bangladesh, Australia, the UK, Indonesia, Nepal, Poland and Myanmar lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +39.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average circuit breaker export price amounted to $X per unit, picking up by 18% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into India

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. Over the period under review, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, circuit breaker imports stood at $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +51.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of circuit breaker imports to India, with a combined 65% share of total imports. France, Thailand, Israel, the United States, Singapore, South Korea, Japan, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +59.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and France ($X) constituted the largest circuit breaker suppliers to India, together accounting for 64% of total imports. Italy, Thailand, Israel, South Korea, the United States, Singapore, Japan, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Israel, with a CAGR of +78.9%, 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 average circuit breaker import price amounted to $X per unit, declining by -4.8% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($X per unit) and South Korea ($X per unit), while the price for Israel ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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