Circuit Breakers Market to Reach $23 billion, Globally, by 2033 at 6.9% CAGR: Allied Market Research

The circuit breakers market growth is driven by increase in investments in renewable energy, expansion in number of power grids, and rise in demand for reliable & safe electrical infrastructure. Restraints include high initial costs and challenges in retrofitting aging infrastructure. However, surge in adoption of smart circuit breakers, driven by advancements in IoT and automation, as well as increased electrification in developing regions offers opportunities for market growth. In addition, stringent gove ...