Air Circuit Breaker Market

Analysts at GMI Research estimates that the Air Circuit Breaker Market was worth USD 3.5 billion in 2021, and forecast to touch USD 5.2 billion in 2029, growing at a CAGR of 5.1% from 2022-2029.

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Key Drivers

The major factors which are driving the growth of the Global Air Circuit Breaker market are growing renewable power generation, rising demand for energy storage, & decentralized power systems, and the increasing requirement for secure and reliable power supply across the globe. The growing demand for electricity and replacement of existing old circuit breakers at substations are also fuelling the demand for the air circuit breaker market. Circuit breaker is a necessary part of electrical network in industrial and commercial purpose. Moreover, aging electrical infrastructure coupled with the growing development of smart cities worldwide is also boosting the growth of the market during the forecast period. However, increasing competition among unorganized sector of the air circuit breaker and shortage of efficient government policies are restraining the growth of the market.

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Voltage – Segment Analysis

Based on the Voltage, the Low-Voltage Air Circuit Breaker segment is expected to grow at a higher CAGR during the forecast period due to its increasing adoption across various end-user industries such as industrial equipment, distribution utilities, power plant among others.

Type – Segment Analysis

Based on the type, the air blast circuit breaker segment is anticipated to lead the market during the forecast period owing to the increasing demand of air circuits in the Asia-pacific region.

Application – Segment Analysis

Based on the Application, the Industrial Air Circuit Breaker segment is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of air circuit breaker by various industries such as manufacturing, processing, and power plants. Moreover, the growing industrialization in developing countries of the world is also fuelling the market growth.

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Regional – Segment Analysis

Based on the region, Asia-Pacific is anticipated to lead the global Air Circuit Breaker market during the forecast period owing to the favourable government policy of every country for generating renewable power and increasing investments in infrastructure in this region.

Top Market Players

The major key players in the market include ABB, Siemens AG, Eaton Corporation, Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Larsen & Toubro Limited, C&S Electric Ltd., Hitachi, Ltd. , Hyundai Electric, among others.

Key Development:

• • In Nov 2017, Siemens launched new 3WL10 circuit breaker in compact size zero which can handle rated currents of up to 1,250 amperes (A).

Segments covered in the Report:

The Global Air Circuit Breaker market has been segmented based on the Voltage, Type, Application and key region. Based on Voltage, the market is segmented into Low-Voltage Air Circuit Breaker, and Medium-Voltage Air Circuit Breaker. Based on Type, the market is segmented into Plain Air Circuit Breaker, and Air Blast Circuit Breaker. Based on Application, the market is segmented into Industrial Air Circuit Breaker, Commercial Air Circuit Breaker, and Residential Air Circuit Breaker.

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Key questions answered in this research report:

• • At what pace is the global Air Circuit Breaker market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Air Circuit Breaker market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Air Circuit Breaker market?
  • What are the various applications areas of the global Air Circuit Breaker market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 3.5 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Value (USD Billion)
Market Segment	By Voltage, By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ABB, Siemens AG, Eaton Corporation, Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, among others, a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Air Circuit Breaker Market by Voltage

• • Low-Voltage Air Circuit Breaker
  • Medium-Voltage Air Circuit Breaker

Global Air Circuit Breaker Market by Type

• • Plain Air Circuit Breaker
  • Air Blast Circuit Breaker

Global Air Circuit Breaker Market by Application

• • Industrial Air Circuit Breaker
  • Commercial Air Circuit Breaker
  • Residential Air Circuit Breaker

Global Air Circuit Breaker Market by Region

• • North America Air Circuit Breakers Market Option 1: As a part of the free 25% customization
    • By Voltage
    • By Type
    • By Application
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Air Circuit Breakers Market Option 2: As a part of the free 25% customization
    • By Voltage
    • By Type
    • By Application
    • United Kingdom (UK) Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Air Circuit Breakers Market Option 3: As a part of the free 25% customization
    • By Voltage
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW Air Circuit Breakers Market Option 4: As a part of the free 25% customization
    • By Voltage
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Air Circuit Breaker Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Siemens AG
  • Eaton Corporation
  • Fuji Electric Co. Ltd.
  • Mitsubishi Electric Corporation
  • Schneider Electric SE
  • Larsen & Toubro Limited
  • C&S Electric Ltd.
  • Hitachi, Ltd.
  • Hyundai Electric