Air Circuit Breaker Market Analysis | Size & Forecasts 2029

Air Circuit Breaker Market was valued at USD 3.5 billion in 2021, and forecast to reach USD 5.2 billion in 2029, growing at a CAGR of 5.1% during 2022-2029.

The factors driving the growth of Air Circuit Breaker Market includes rising focus on utilizing renewable sources of energy for generating electricity, increase in the number of smart cities around the world, growing demand for reliable and secure power supply and improvements in the living standards. According to the World Energy & Climate Statistics Yearbook 2022, the share of renewable energy in the power mix across Europe has increased from 33.6% in 2015 to 40.7% in 2021, which is expected to accelerate the market growth in the approaching years. Moreover, emerging need to upgrade the ageing electrical infrastructure, increasing incidences of power outages, technological advancements in power grid, public safety regulations imposed by Governments and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development and rise in the launch of innovative prodcuts are further contributing towards the market growth.

Request a free sample of this report

However, growth of the Air Circuit Breaker Market is hindered due to increasing competition form unorganized players.

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

Based on Voltage, the Low-Voltage Air Circuit Breaker segment is predicted to expand at a significant CAGR over the forecast period

Increasing application of low-voltage air circuit breakers in power plants, industrial equipment, and distribution facilities, is propelling growth of the segment.

Based on Application, the Industrial Air Circuit Breaker segment is projected to grow at a robust CAGR during the forecast period

Increasing use of air circuit breakers for manufacturing and processing operation processes, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Government policies promoting the use of renewable sources of energy, presence of the leading players such as Mitsubishi Electric Corporation, and Hyundai Electric, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

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

Market Segmentation

Segmentation by Voltage

  • Low-Voltage Air Circuit Breaker

  • Medium-Voltage Air Circuit Breaker

Segmentation by Type

  • Plain Air Circuit Breaker

  • Air Blast Circuit Breaker

Segmentation by Application

  • Industrial Air Circuit Breaker

  • Commercial Air Circuit Breaker

  • Residential Air Circuit Breaker

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe – +353 1 442 8820; US – +1 860 881 2270

Address: Dublin, Ireland

Website: https://www.gmiresearch.com/