According to the report by Expert Market Research (EMR), the air circuit breaker market size reached a value of USD 4.20 billion in 2023. Aided by increase in demand for energy, advancements in technology, and stringent regulatory and safety standards, the market is projected to further grow at a CAGR of 3.6% between 2024 and 2032 to reach a value of USD 5.78 billion by 2032.
Air circuit breakers operate using the air as their arc extinguishing medium, at atmospheric pressure. This type of breaker is extensively used for low-voltage applications and is known for its low maintenance compared to other types of circuit breakers like oil or gas models. Air circuit breakers are commonly installed in distribution panels, electrical substations, and commercial and industrial buildings to safeguard electrical equipment and systems.
Global urbanisation and industrialization have significantly increased the air circuit breaker market demand, especially for reliable power solutions and robust electrical protection systems. Moreover, technological improvements in air circuit breaker design and functionality, including integration with digital monitoring systems and IoT technologies, enhance their appeal by increasing system safety and operational efficiency. Furthermore, stricter safety regulations and standards worldwide necessitate advanced circuit protection technologies, thus boosting the market growth.
Get a Free Sample Report with Table of Contents:
https://www.expertmarketresearch.com/reports/air-circuit-breaker-market/requestsample
As per the air circuit breaker market analysis, the Asia Pacific region is anticipated to experience a significant growth in the forecast period. This growth can be attributed to the increasing emphasis on protecting industrial equipment and electrical machines, including capacitors, generators, and transformers, by utilising air circuit breakers in production plants.
Furthermore, the air circuit breaker market growth is driven by the growing investment in expanding transmission and distribution networks. Additionally, the favorable government policies promoting the generation of renewable power are expected to further boost the growth of the market in the region.
Read Full Report with Table of Contents:
https://www.expertmarketresearch.com/reports/air-circuit-breaker-market
Moreover, air blast circuit breakers, among other types, are expected to experience a substantial growth in the forecast period. This growth is primarily driven by notable technological advancements that have been incorporated into these circuit breakers, resulting in increased efficiency. Unlike the plain air circuit breaker, the air blast circuit breaker poses a lower risk of fire hazard. These factors are anticipated to propel the growth of this segment in the forecast period, consequently driving up the air circuit breaker market share.
Market Segmentation
The market can be divided based on the voltage, type, application, and region.
Market Breakup by Voltage
- Low-Voltage
- Medium-Voltage
Market Breakup by Type
- Plain Air Circuit Breaker
- Air Blast Circuit Breaker
Market Breakup by Application
- Industrial
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global air circuit breaker market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB Ltd.
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- Mitsubishi Electric Corporation
- Siemens AG
- Hitachi Industrial Equipment Systems Co., Ltd.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Emily Jacks, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website:www.expertmarketresearch.com
https://www.expertmarketresearch.com.au
