Air Circuit Breaker Market Research Report
The GMI Research expects the air circuit breaker market to
expand at a significant rate. From a regional perspective, the Asia-Pacific is
expected to dominate the market due to the supporting government policy of each
nation for producing renewable power and rising investments in infrastructure.
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Air Circuit Breaker Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The strong demand for energy storage and decentralized power
systems, the growing need for secure and reliable power supply, and increasing
renewable power generation are the major factors surging the growth of the
global air
circuit breaker marketl size around the world. The high demand for
electricity and the replacement of current old circuit breakers at substations
are some other factors fuelling the demand for the market. The circuit breaker
plays an essential part in the electrical network for commercial and industrial
purposes. Furthermore, the rising development of smart cities, followed by
aging electrical infrastructure across the globe, are some other factors
propelling the growth of the air circuit breaker market share in terms of
revenue in the upcoming years. On the other hand, the factors hindering the
growth of the market include growing competition among unorganized industry of
the air circuit breaker and limited efficient government policies.
Application
Segment Drivers
Based on the Application, the industrial air circuit breaker
segment is anticipated to increase at a faster rate in the upcoming years owing
to the high adoption of the air circuit breaker by numerous industries,
including processing, manufacturing, and power plants. In addition to this, the
increasing industrialization in emerging countries is further bolstering the
growth of the segment.
Voltage
Segment Drivers
Based on the Voltage, the low-voltage air circuit breaker
segment is projected to grow at a faster CAGR in the upcoming years, attributed
to its growing adoption across numerous end-user industries like the power
plant, distribution utilities, and industrial equipment, among others.
Type
Segment Drivers
Based on the type, the air blast circuit breaker segment is expected
to dominate the market during the forecast period due to the rising demand of
air circuits in this region.
Air Circuit Breaker Market’s leading
Manufacturers:
·
ABB
·
Siemens AG
·
Eaton Corporation
·
Fuji Electric Co. Ltd.
·
Mitsubishi Electric Corporation
·
Schneider Electric SE
·
Larsen & Toubro Limited
·
C&S Electric Ltd.
·
Hitachi, Ltd.
·
Hyundai Electric
Air Circuit Breaker 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:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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