Thermal Magnetic Circuit Breakers: Introduction

  • Thermal magnetic circuit breakers are devices that provide protection from overcurrent in circuits
  • Thermal magnetic circuit breakers consist of thermal magnetic trip units that determine the time to open the contact automatically. The trip unit contains elements that sense the heat dissipated due to overload condition and then, it automatically disconnects the switch.
  • Thermal magnetic circuit breakers have two switching mechanisms: an electromagnet switch and a bimetal switch
  • Thermal magnetic circuit breakers are employed in various applications such as power generation, motor control centers, and home appliances
  • These circuit breakers are used in sectors such as energy & utility, telecom & communications, industrial, residential, and commercial

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure

Rise in Demand for Thermal Magnetic Circuit Breakers in Motor Control Centers

  • Industrial manufacturing has emerged as an attractive sector for investments by organizations across the globe. In this sector, thermal magnetic circuit breakers are significantly used for motor control centers, process control, and other industrial applications
  • In motor control centers, thermal magnetic circuit breakers play an important role of protecting the motor from heating effect. In motor control centers, a circuit breaker precisely monitors temperature of the motor. When temperature of the motor increases, the circuit breaker interrupts the mechanism of the motor to protect the circuit from overload condition. Hence, thermal magnetic circuit breakers are increasingly used in industrial applications.
  • Moreover, with the help of magnetic protection function, thermal magnetic circuit breakers prevent motor control centers from fault currents. Thus, increase in the use of thermal magnetic circuit breakers in motor control centers is expected to drive the global thermal magnetic circuit breakers market during the forecast period.

Expanding operations in future? To get the perfect launch ask for a custom report

Increase in Use of Thermal Magnetic Circuit Breakers in Industrial Processes

  • In industries  such as metals & mining, paper & pulp, and oil & gas, thermal magnetic circuit breakers are employed to protect equipment, wiring, and personnel from overcurrent fault
  • Thermal magnetic circuit breakers are largely used in industrial processes, owing to their reliability, cost effectiveness, and availability in multiple types that suit various applications

Home Appliances Segment to Witness Lucrative Opportunities

  • Based on application, the global thermal magnetic circuit breakers market can be segmented into power generation, motor control centers, home appliances, and others
  • Low-voltage thermal magnetic circuit breakers are significantly used in home appliances, as they protect equipment from overcurrent fault
  • Rise in the demand for thermal magnetic circuit breakers for use in home appliances is anticipated to drive the home appliances during the forecast period

North America to Lead Global Market

  • In terms of region, the global thermal magnetic circuit breakers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is anticipated to dominate the global thermal magnetic circuit breakers market throughout the forecast period, owing to increase in automation and ongoing technological advancements in the semiconductor industry in the region
  • The thermal magnetic circuit breakers market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. However, the market in Latin America and Middle East & Africa is estimated to expand at a moderate rate during the forecast period.

Key Players in Global Market

The global thermal magnetic circuit breakers market was highly fragmented in 2018. Prominent players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for thermal magnetic circuit breakers. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global thermal magnetic circuit breakers market are:

  • ABB
  • Eaton
  • E-T-A
  • Siemens
  • TE Connectivity
  • General Electric
  • Schneider Electric
  • Rockwell Automation
  • Carling Technologies
  • PHOENIX CONTACT

Global Thermal Magnetic Circuit Breakers Market: Research Scope

Global Thermal Magnetic Circuit Breakers Market, by Product

  • Single-pole Thermal Magnetic Circuit Breakers
  • Multi-pole Thermal Magnetic Circuit Breakers

Global Thermal Magnetic Circuit Breakers Market, by Switching Mechanism

  • Electromagnet Switch
  • Bimetal Switch

Global Thermal Magnetic Circuit Breakers Market, by Application

  • Power Generation
  • Motor Control Centers
  • Home Appliances
  • Others

Global Thermal Magnetic Circuit Breakers Market, by End-use Industry

  • Energy & Utility
  • Telecom & Communications
  • Industrial
  • Residential
  • Commercial
  • Others

Global Thermal Magnetic Circuit Breakers Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.