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Global Air Circuit Breaker Market: By Voltage: Low-Voltage, Medium-Voltage; By Type: Plain Air Circuit Breaker, Air Blast Circuit Breaker; By Application: Industrial, Commercial, Residential; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Air Circuit Breaker Market Outlook
The global air circuit breaker market stood at a value of around USD 3.9 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.8% to reach USD 4.8 billion by 2027.
Air Blast Circuit Breaker Segment to Exhibit a Significant Growth in the Forecast Period
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 Asia Pacific Region to Occupy a Significant Market Share in the Air Circuit Breaker Industry
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.
Air Circuit Breaker: Market Segmentation
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.
On the basis of voltage, the industry can be segmented into:
- Low-Voltage
- Medium-Voltage
On the basis of type, the industry can be divided into:
- Plain Air Circuit Breaker
- Air Blast Circuit Breaker
Based on application, the industry can be categorised into:
- Industrial
- Commercial
- Residential
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Demand for Secure Power Supply to Bolster the Growth of the Global Air Circuit Breaker Industry
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.
Key Industry Players in the Global Air Circuit Breaker Market
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:
- ABB Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Mitsubishi Electric Corporation
- Siemens AG
- Hitachi Industrial Equipment Systems Co., Ltd.
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Voltage, Type, Application, Region |
| Breakup by Voltage | Low-Voltage, Medium-Voltage |
| Breakup by Type | Plain Air Circuit Breaker, Air Blast Circuit Breaker |
| Breakup by Application | Industrial, Commercial, Residential |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd., Eaton Corporation PLC, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Siemens AG, Hitachi Industrial Equipment Systems Co., Ltd., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Air Circuit Breaker Market Analysis
8.1 Key Industry Highlights
8.2 Global Air Circuit Breaker Historical Market (2018-2022)
8.3 Global Air Circuit Breaker Market Forecast (2023-2028)
8.4 Global Air Circuit Breaker Market by Voltage
8.4.1 Low-Voltage
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium-Voltage
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Air Circuit Breaker Market by Type
8.5.1 Plain Air Circuit Breaker
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Air Blast Circuit Breaker
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Air Circuit Breaker Market by Application
8.6.1 Industrial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Air Circuit Breaker Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Air Circuit Breaker Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Air Circuit Breaker Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Air Circuit Breaker Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Air Circuit Breaker Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Air Circuit Breaker Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Eaton Corporation PLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fuji Electric Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mitsubishi Electric Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Siemens AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hitachi Industrial Equipment Systems Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Air Circuit Breaker Market: Key Industry Highlights, 2018 and 2028
2. Global Air Circuit Breaker Historical Market: Breakup by Voltage (USD Billion), 2018-2022
3. Global Air Circuit Breaker Market Forecast: Breakup by Voltage (USD Billion), 2023-2028
4. Global Air Circuit Breaker Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Air Circuit Breaker Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Air Circuit Breaker Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Air Circuit Breaker Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Air Circuit Breaker Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Air Circuit Breaker Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Air Circuit Breaker Market Structure
Key Questions Answered in the Report
In 2021, the global air circuit breaker market attained a value of nearly USD 3.9 billion.
The market is projected to grow at a CAGR of 3.8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 4.8 billion by 2027.
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.
Analyst Review
The global air circuit breaker market attained a value of USD 3.9 billion in 2021, driven by the growing industrialisation and the rapidly increasing demand for energy. Aided by the increased investment to leverage the industrial infrastructure, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.8%. The market is projected to reach USD 4.8 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on voltage, the market can be categorised into low-voltage and medium-voltage. By type, the industry can be divided into plain air circuit breaker and air blast circuit breaker. On the basis of application, the market can be divided into industrial, commercial, and residential. The major regional markets for air circuit breaker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd., Eaton Corporation PLC, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Siemens AG, and Hitachi Industrial Equipment Systems Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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