Middle East's Automatic Circuit Breakers Market to Grow at 1.8% CAGR, Reaching 73M Units by 2035 - News and Statistics - IndexBox

Mar 13, 2025

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IndexBox has just published a new report: Middle East - Automatic Circuit Breakers - Market Analysis, Forecast, Size, Trends and Insights.

Driven by increasing demand for automatic circuit breakers in the Middle East, the market is projected to grow steadily with a forecasted CAGR of +1.8% in volume and +1.9% in value from 2024 to 2035. By the end of 2035, the market is expected to reach 73M units and $1.7B in value (in nominal wholesale prices), reflecting a positive trend in consumption and market performance.

Driven by increasing demand for automatic circuit breakers in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market volume to 73M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market value to $1.7B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of automatic circuit breakers increased by 82% to 60M units for the first time since 2021, thus ending a two-year declining trend. The total consumption indicated a tangible expansion from 2013 to 2024: its volume increased at an average annual rate of +3.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The revenue of the circuit breaker market in the Middle East soared to $1.4B in 2024, jumping by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated perceptible growth from 2013 to 2024: its value increased at an average annual rate of +3.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Saudi Arabia (30M units) constituted the country with the largest volume of circuit breaker consumption, accounting for 49% of total volume. Moreover, circuit breaker consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Turkey (11M units), threefold. The United Arab Emirates (6M units) ranked third in terms of total consumption with a 9.9% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Saudi Arabia amounted to +6.5%. In the other countries, the average annual rates were as follows: Turkey (+8.3% per year) and the United Arab Emirates (-0.9% per year).

In value terms, Saudi Arabia ($671M) led the market, alone. The second position in the ranking was taken by Turkey ($265M). It was followed by the United Arab Emirates.

In Saudi Arabia, the circuit breaker market increased at an average annual rate of +6.8% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+7.4% per year) and the United Arab Emirates (-1.1% per year).

The countries with the highest levels of circuit breaker per capita consumption in 2024 were Qatar (852 units per 1000 persons), Saudi Arabia (806 units per 1000 persons) and the United Arab Emirates (583 units per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +7.1%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, production of automatic circuit breakers in the Middle East reduced modestly to 933K units, standing approx. at the year before. In general, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, production attained the peak volume of 1.8M units. From 2021 to 2024, production growth remained at a lower figure.

In value terms, circuit breaker production fell slightly to $20M in 2024 estimated in export price. Over the period under review, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 65%. As a result, production attained the peak level of $36M. From 2021 to 2024, production growth remained at a somewhat lower figure.

Turkey (933K units) constituted the country with the largest volume of circuit breaker production, comprising approx. 100% of total volume.

In Turkey, circuit breaker production contracted by an average annual rate of -3.2% over the period from 2013-2024.

In 2024, purchases abroad of automatic circuit breakers was finally on the rise to reach 68M units after two years of decline. Total imports indicated a tangible expansion from 2013 to 2024: its volume increased at an average annual rate of +2.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker imports surged to $1.5B in 2024. Total imports indicated a measured increase from 2013 to 2024: its value increased at an average annual rate of +2.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +41.3% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Saudi Arabia represented the major importer of automatic circuit breakers in the Middle East, with the volume of imports resulting at 30M units, which was near 44% of total imports in 2024. It was distantly followed by Turkey (17M units), the United Arab Emirates (6.7M units) and Iraq (3.5M units), together committing a 41% share of total imports. The following importers - Qatar (2.6M units), Iran (2.3M units) and Israel (1.4M units) - together made up 9.3% of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($691M), Turkey ($409M) and the United Arab Emirates ($158M) were the countries with the highest levels of imports in 2024, together accounting for 82% of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +7.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Automatic circuit breakers for under 1000 v (34M units) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (23M units) dominates imports structure, together making up 90% of total imports. It was distantly followed by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (6M units), mixing up a 9.5% share of total imports.

From 2013 to 2024, the biggest increases were recorded for electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (with a CAGR of +6.3%), while purchases for the other products experienced more modest paces of growth.

In value terms, the largest types of imported automatic circuit breakers were automatic circuit breakers for under 1000 v ($765M), electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more ($520M) and electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($153M).

In terms of the main imported products, electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced mixed trends in the imports figures.

The import price in the Middle East stood at $23 per unit in 2024, which is down by -8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2023 when the import price increased by 39% against the previous year. As a result, import price reached the peak level of $25 per unit, and then fell in the following year.

Average prices varied noticeably amongst the major imported products. In 2024, the product with the highest price was electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($25 per unit), while the price for automatic circuit breakers for under 1000 v ($22 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (+2.0%), while the other products experienced mixed trends in the import price figures.

The import price in the Middle East stood at $23 per unit in 2024, which is down by -8.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2023 when the import price increased by 39%. As a result, import price attained the peak level of $25 per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($40 per unit), while Qatar ($9.1 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the other leaders experienced more modest paces of growth.

In 2024, circuit breaker exports in the Middle East was estimated at 8.4M units, remaining relatively unchanged against the year before. In general, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. As a result, the exports reached the peak of 14M units. From 2018 to 2024, the growth of the exports remained at a lower figure.

In value terms, circuit breaker exports expanded remarkably to $235M in 2024. The total export value increased at an average annual rate of +1.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure in 2024 and are expected to retain growth in the immediate term.

Turkey prevails in exports structure, amounting to 7M units, which was approx. 83% of total exports in 2024. It was distantly followed by the United Arab Emirates (739K units), committing an 8.8% share of total exports. Saudi Arabia (354K units) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of automatic circuit breakers. At the same time, Saudi Arabia (+5.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +5.5% from 2013-2024. By contrast, the United Arab Emirates (-8.0%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Turkey and Saudi Arabia increased by +9.8 and +2.2 percentage points, respectively.

In value terms, Turkey ($198M) remains the largest circuit breaker supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was taken by the United Arab Emirates ($20M), with an 8.7% share of total exports.

In Turkey, circuit breaker exports increased at an average annual rate of +1.8% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.9% per year) and Saudi Arabia (+11.5% per year).

Automatic circuit breakers for under 1000 v was the largest exported product with an export of about 7M units, which amounted to 79% of total exports. It was distantly followed by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (1.6M units), mixing up an 18% share of total exports. Electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (348K units) followed a long way behind the leaders.

Automatic circuit breakers for under 1000 v was also the fastest-growing in terms of exports, with a CAGR of +1.4% from 2013 to 2024. electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (-5.7%) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-7.4%) illustrated a downward trend over the same period. Automatic circuit breakers for under 1000 v (+17 p.p.) significantly strengthened its position in terms of the total exports, while electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more and electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV saw its share reduced by -4.4% and -12.9% from 2013 to 2024, respectively.

In value terms, automatic circuit breakers for under 1000 v ($180M) remains the largest type of automatic circuit breakers supplied in the Middle East, comprising 74% of total exports. The second position in the ranking was taken by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($57M), with a 23% share of total exports.

From 2013 to 2024, the average annual rate of growth in terms of the value of automatic circuit breakers for under 1000 v exports amounted to +2.0%. With regard to the other exported products, the following average annual rates of growth were recorded: electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+1.0% per year) and electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more (-3.0% per year).

The export price in the Middle East stood at $28 per unit in 2024, rising by 5.4% against the previous year. Export price indicated a perceptible expansion from 2013 to 2024: its price increased at an average annual rate of +2.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, circuit breaker export price increased by +89.9% against 2017 indices. The growth pace was the most rapid in 2023 when the export price increased by 25%. The level of export peaked in 2024 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV ($36 per unit), while the average price for exports of electrical apparatus; automatic circuit breakers, for a voltage of 72.5kV or more ($18 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electrical apparatus; automatic circuit breakers, for a voltage exceeding 1000 volts but less than 72.5kV (+7.1%), while the other products experienced more modest paces of growth.

In 2024, the export price in the Middle East amounted to $28 per unit, picking up by 5.4% against the previous year. Export price indicated a noticeable increase from 2013 to 2024: its price increased at an average annual rate of +2.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, circuit breaker export price increased by +89.9% against 2017 indices. The most prominent rate of growth was recorded in 2023 an increase of 25%. The level of export peaked in 2024 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Turkey ($28 per unit), while Saudi Arabia ($19 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the circuit breaker market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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