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Global Air Circuit Breaker Market to Grow at a CAGR of 3.8% During 2022-2027, Driven by the Growing Demand for Secure Power Supply

According to a new report by EMR titled, ‘Global Air Circuit Breaker Market Report and Forecast 2022-2027’, the market attained a value of about USD 3.9 billion in 2021. The industry is further expected to grow at a CAGR of 3.8% in the forecast period of 2022-2027 to reach a value of USD 4.8 billion by 2027.

The global market for air circuit breaker has been growing significantly due to the rising investment in the industrial sector and the growing focus to leverage industrial infrastructure. In order to prevent loss as a result of short circuits or other faults, the demand for air circuit breakers is growing rapidly. The air circuit breaker is primarily used in the manufacturing and processing industries. Further, the market is being supported by the rising demand for energy storage, increasing demand for renewable energy generation and decentralised power systems, and growing demand for secure and reliable power supply. Moreover, high infrastructure investments and the development of smart cities are expected to propel the global air circuit breaker industry forward during the forecast period. Additionally, the market is expected to expand as a result of increased investments in the development of sophisticated air circuit breakers that require compressors with low air pressure. The medium voltage segment is predicted to grow significantly during the forecast period owing to the wide scope of medium voltage air circuit breakers’ utility in industrial, commercial, and power plant applications.

Reiterating its commitment to India's efforts to modernise its power infrastructure, in March 2018, Eaton, a power management company (NYSE: ETN), announced the launch of a series of cutting-edge power distribution products. The new products launched at Elecrama 2018 event include Eaton’s PSL series air circuit breakers (ACB), Eaton’s VS1 vacuum circuit breaker (VCB), and Eaton’s RVAC SF6 ring main unit (RMU). Thus, the growing efforts by the manufacturers to continuously innovate their products with latest technologies are expected to aid the market in the coming years.

Market Analysis by Voltage, Type, Application, and Region:

  • The market on the basis of voltage can be divided into low-voltage and medium-voltage.
  • Based on type, the industry can be divided into plain air circuit breaker and air blast circuit breaker.
  • The market on the basis of application can be segmented into industrial, commercial, and residential.
  • The regional markets for air circuit breaker include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for air circuit breaker is being driven by the rapidly increasing investment in the industrial sector.
  • The industry is receiving a further impetus with the rapid urbanisation and industrialisation.
  • The rising demand for energy storage and decentralised power systems has significantly contributed to the market expansion.
  • Increased demand for secure and reliable power supply is expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global air circuit breaker market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the voltages, types, applications, and regions of air circuit breaker.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global air circuit breaker industry are ABB Ltd., Eaton Corporation PLC, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Siemens AG, and Hitachi Industrial Equipment Systems Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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