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Global Air Circuit Breaker Market to Grow at a CAGR of 3.6% During 2024-2032, Driven by the Growing Demand for Secure Power Supply

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Air Circuit Breaker Market

Global Air Circuit Breaker Market Size, Share, Forecast: By Voltage: Low-Voltage, Medium-Voltage; By Type: Plain Air Circuit Breaker, Air Blast Circuit Breaker; By Application: Industrial, Commercial, Residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Air Circuit Breaker Market Outlook

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.

 

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.

 

Global Air Circuit Breaker Market

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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.

 

Global Air Circuit Breaker Market

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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.

 

Global Air Circuit Breaker Market

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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.

 

Key Highlights of the Report:

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:

  • 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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Air Circuit Breaker Market Forecast (2024-2032)
    8.4    Global Air Circuit Breaker Market by Voltage
        8.4.1    Low-Voltage
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Medium-Voltage
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Air Circuit Breaker Market by Type
        8.5.1    Plain Air Circuit Breaker
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Air Blast Circuit Breaker
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Air Circuit Breaker Market by Application
        8.6.1    Industrial
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Residential
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Air Circuit Breaker Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Air Circuit Breaker Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Air Circuit Breaker Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Air Circuit Breaker Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Air Circuit Breaker Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Air Circuit Breaker Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Air Circuit Breaker Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3.    Global Air Circuit Breaker Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4.    Global Air Circuit Breaker Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Air Circuit Breaker Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Air Circuit Breaker Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Air Circuit Breaker Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Air Circuit Breaker Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Air Circuit Breaker Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Air Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Air Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Air Circuit Breaker Market Structure

Key Questions Answered in the Report

What was the global air circuit breaker market size in 2023?

In 2023, the global air circuit breaker market attained a value of nearly USD 4.20 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.78 billion by 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global air circuit breaker market?

The key market trends guiding the growth of the industry include the increased demand for secure and reliable power supply.

What are the major regional markets of air circuit breaker, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant segments based on voltage, considered within the market report?

The major segments based on voltage include low-voltage and medium-voltage.

What are the major types of air circuit breaker in the industry?

The significant types of the product include plain air circuit breaker and air blast circuit breaker.

What are the significant applications of air circuit breaker?

The significant applications of the product include industrial, commercial, and residential.

Who are the key industry players, according to the report?

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 4.20 billion in 2023, 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 2024-2032, growing at a CAGR of 3.6%. The market is projected to reach USD 5.78 billion by 2032.

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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