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The global air circuit breaker market stood at a value of around USD 4.20 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.6% to reach USD 5.78 billion by 2032.
Based on type, the air blast circuit breaker segment is predicted to have a significant growth in the forecast period. The growth can be attributed to the significant advancements in technology, which are integrated into these circuit breakers to make them highly efficient. In comparison to the plain air circuit breaker, the air blast circuit breaker has relatively low chances of fire hazard. These factors are expected to drive the segment growth in the forecast period.
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The air circuit breaker industry in the Asia Pacific is expected to have a significant growth in the forecast period owing to the increased focus on the protection of industrial equipment and electrical machines, such as capacitors, generators, and transformers, through the utilisation of air circuit breakers at production plants. Additionally, the growing investment in expanding transmission and distribution networks is driving the industry growth of air circuit breakers in the region. Moreover, the favourable government policy for generating renewable power is further expected to propel the growth of the air circuit breaker industry in the region in the forecast period.
An air circuit breaker is an electrical device that protects electric circuits over 800 to 10,000 Amps from overcurrent and short circuits. These are typically used in low-voltage applications that are less than 450V. It is widely used by industrial users owing to its technical advantages such as high performance, ease of installation, durability, and maintenance. It is used for the protection of electrical machines, transformers, plants, capacitors, and generators against faults such as short circuits, over frequency or over voltage, earth fault, reverse power, and others.
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On the basis of voltage, the industry can be segmented into:
On the basis of type, the industry can be divided into:
Based on application, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The global market for air circuit breaker industry has been growing considerably for the last few years. Growing renewable power generation, rising demand for energy storage and decentralised power systems, and increasing demand for secure and reliable power supply are the key factors driving the global air circuit breaker industry. Additionally, the market is expected to grow owing to the increasing investments in the development of advanced air circuit breakers that require compressors with low air pressure. Moreover, the growing urbanisation and growth in infrastructure services are driving the need for secure and reliable power, which, in turn, is expected to propel the demand for these devices.
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The report gives a detailed analysis of the following key players in the global air circuit breaker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Voltage |
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global air circuit breaker market attained a value of nearly USD 4.20 billion.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.78 billion by 2032.
The rapidly increasing investment in the industrial sector, growing industrialisation and urbanisation, and rising demand for energy storage and decentralised power systems are expected to propel the growth of the market over the forecast period.
The key market trends guiding the growth of the industry include the increased demand for secure and reliable power supply.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on voltage include low-voltage and medium-voltage.
The significant types of the product include plain air circuit breaker and air blast circuit breaker.
The significant applications of the product include industrial, commercial, and residential.
The major players in the 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.
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+61 448 06 17 27
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+91-858-608-1494
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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