Global Air Circuit Breaker Market Size, Trends & Analysis - Forecasts to 2026 By Type of Voltage (Low Voltage and Medium Voltage), By Type (Air Blast Circuit Breaker and Plain Air Circuit Breaker), By Type of Application (Industrial, Commercial, and Residential), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Air Circuit Breaker Market Insights
The air circuit breaker market will register a high trend during the forecast period (2020-2026). Air circuit breakers are the electrical devices used to present safety and protection for various energy faults such as over current, short circuits, and many more. This device protects electric circuits with current ranging from 800 amperes to 10000 amperes. The implementations can be seen in devices in distribution panels below 450V. These act as operational circuit breakers acting as a medium of arc extinguisher under a specified pressure. The market has seen a uniform revenue inflow and is projected to grow to magnificent levels in the forecast period. An increase in public safety regulations by the government, an increase in demand for energy & power, and an increase in electrification projects, extensive implementation of modern digital technologies in daily life across various cities are some of the many factors altering the development of the market.
Air Circuit Breaker Market: By Type of Voltage
Based on voltage, the market is segmented into low and medium voltages. Low voltage air circuit breakers are the fastest-growing segment within the market. The rise in fire hazards, an increase in end-users, deployment of value adequate safety regulations in SMEs are the drivers affecting the global market.
Air Circuit Breaker Market: By Type
Based on type, the market is explained into the air circuit breaker and air blast circuit breaker. The air blast circuit breaker will register a high market share during the forecast period. The rise in the demand for secure and green energy, higher operational performance & stability, and influence of automation in residential & commercial sectors act as the growth navigators of the global market.
Air Circuit Breaker Market: By Type of Application
By Applications of the air circuit breaker, the market is explained into industrial, commercial, and residential sectors respectively. The residential segment offers the most generous share in the global market. Uniform electrification in rural & urban areas, numerous government projects on urban development and extension of verticals such as building & construction, Transportation, IT & ITes contribute to the augmentation of the market.
Air Circuit Breaker Market: By Region
North America has been the leading region until recently APAC is set to show a conspicuous elevation contributing to the growth of the market. Supplement in the practice of electronic commodities, investments in power transmission & distribution networks, and increment in downtown residents reform as the operators sustaining the growth of the market.
Air Circuit Breaker Market Share and Competitor Analysis
ABB, Eaton Corporation plc, Fuji Electric Co. Ltd., Larsen & Toubro Ltd., Mitsubishi Electric Corporation, Siemens AG, Schneider Electric, Hitachi Ltd., CG Power and Industrial Solutions Ltd., Entec Electric & Electronic Co. Ltd., WEG Industries, C&S Electric Ltd., LSIS Co. Ltd., Havells India Ltd., Legrand, HPL Electric & Power Ltd., Federal Electric Corporation Ltd., Terasaki Electric Co. Ltd., and Romac Industries Inc among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In May 2018, Schneider Electric launched a low voltage air circuit breaker named Masterpact MTZ, increasing connectivity, convenience, and reliability resulting in higher operational efficiency.
In March 2018, Eaton Corporation plc introduced PSL Series ACB, having great arc handling capacity, mechanical & insulation capability, and enhancement of electrical product lifecycle.
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The Global Air Circuit Breaker Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Air Circuit Breaker Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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