India: Circuit Breaker Market 2024

Circuit Breaker Market Size in India

For the third year in a row, the Indian circuit breaker market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption recorded a noticeable downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Circuit Breaker Production in India

In value terms, circuit breaker production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Circuit breaker production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Circuit Breaker Exports

Exports from India

In 2022, shipments abroad of automatic circuit breakers increased by X% to X units, rising for the second consecutive year after five years of decline. Overall, exports showed a mild expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, circuit breaker exports amounted to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

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 comprising X% of total exports. France, Turkey, Brazil, Myanmar, Australia, the UK, Indonesia, Poland, Nepal and Bangladesh lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and France ($X) constituted the largest markets for circuit breaker exported from India worldwide, together comprising X% 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 X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average circuit breaker export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure 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 overseas 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 (X%), 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 X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, circuit breaker imports rose rapidly to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

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

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

In value terms, China ($X), Germany ($X) and France ($X) were the largest circuit breaker suppliers to India, with a combined X% share 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 X%.

Among the main suppliers, Israel, with a CAGR of X%, 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, waning by X% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then contracted modestly 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :