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.
Request for a FREE Sample Report on Air Circuit Breaker Market
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
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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: www.gmiresearch.com
