Medium Voltage Circuit Breaker Market to Reach $11.99 Billion by 2030, Driven by Renewable Energy Surge
The medium voltage circuit breaker market is expanding due to grid modernization, renewable energy growth, and advanced fault-detection systems. Opportunities lie in digitization, IoT integration, and energy-efficient solutions, while tariffs are driving innovation in cost-effective, localized manufacturing.
Medium Voltage Circuit Breaker Market
Dublin, Jan. 27, 2026 (GLOBE NEWSWIRE) — The “Medium Voltage Circuit Breaker Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The medium voltage circuit breaker market has shown significant growth, with a value of $7.36 billion in 2025 expected to rise to $8.07 billion by 2026, reflecting a CAGR of 9.6%. Key drivers include the expansion of power distribution networks, early adoption of air and vacuum breakers, and grid modernization endeavors. The market is poised to further expand, reaching $11.99 billion by 2030 with a CAGR of 10.4%. This growth is propelled by a surge in demand for reliable power protection, renewable energy installations, and the development of advanced fault-detection systems. Notable trends include the shift towards energy-efficient circuit protection, intelligent manufacturing, and the integration of IoT-enabled grid protection systems.
Renewable energy’s growing importance is a key factor driving the market, as medium voltage circuit breakers ensure the secure and reliable operation of power grids. This is crucial for managing the intermittent characteristics of renewable sources like wind and solar. The International Energy Agency (IEA) forecasts notable increases in global renewable capacity, with implications for circuit breaker demand. The IEA reported 332.7 GW of new capacity added in 2022, with expectations of over 440 GW in 2023 and 462.5 GW in 2024.
Major players in the market are focusing on digitally connected solutions, integrating IoT sensors and data analytics for enhanced grid reliability and operational safety. A prime example is Schneider Electric’s February 2024 launch of its digitalized SureSeT Medium Voltage Switchgear in Canada, aiming to improve grid efficiency and sustainability by optimizing energy use and predicting maintenance needs.
In January 2023, AcBel Polytech Inc. acquired ABB for $505 million, broadening its product portfolio by utilizing ABB’s expertise in medium-voltage circuit breakers. ABB Ltd specializes in manufacturing these devices, emphasizing the sector’s rapid evolution and strategic market positions.
Prominent companies in the medium voltage circuit breaker market include Siemens Aktiengesellschaft, General Electric Company, Schneider Electric Societe Anonyme, Mitsubishi Electric Corporation, and ABB Limited among others. The market landscape is shaped by dynamic changes in trade relations, tariffs, and localized manufacturing trends. Rising tariffs influence costs across the supply chain, but they also encourage regional material sourcing and technological innovations within the industry.
