$5.3 Bn AC Circuit Breaker Markets

Global AC Circuit Breaker Market

Dublin, July 12, 2023 (GLOBE NEWSWIRE) -- The "Global AC Circuit Breaker Market by Insulation Type (Air, Gas, Vacuum), Voltage (Medium, High, Very-high), Installation (Indoor, Outdoor), End-Use Industry (Transmission & Distribution Utilities, Power Generation, Industrial) & Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global AC circuit breaker market, valued at USD 4.1 billion in 2023, is projected to reach USD 5.3 billion by 2028, with a compound annual growth rate (CAGR) of 5.3% during the forecast period.

One of the key drivers of this growth is the increased investment in industrial production, which is fueling the demand for AC circuit breakers. The industrial sector, in particular, is expected to be the largest-growing market segment from 2023 to 2028.

As the demand for electric power continues to rise, investments in transmission and distribution infrastructures have increased. Companies are now focusing on integrating smart utility solutions to enhance protection and reduce energy losses, leading to a greater demand for AC circuit breakers in the industrial sector.

Among the insulation types, the air-insulated segment holds the third-largest market size. Air AC circuit breakers are commonly used in low- and medium-voltage applications, where they provide overcurrent and short circuit protection. To extinguish electric arcs formed during circuit disconnections, air is used as the arc quenching medium. The air-insulated segment is expected to witness steady growth during the forecast period.

Furthermore, the very-high voltage segment is also projected to hold a significant market share. These AC circuit breakers are crucial for high-voltage circuits, which require reliable switching operations. With the growing electrification and integration of renewables in the national grid, there is an increasing need to upgrade transmission and distribution infrastructure. The demand for very high-voltage AC circuit breakers is expected to surge in the coming years.

North America emerges as the second fastest and third largest-growing region in the global AC circuit breaker market. The region has witnessed consistent growth due to the rising need for dependable electrical distribution systems across residential, commercial, and industrial sectors.

As the construction industry continues to expand, the demand for circuit breakers in residential applications is anticipated to rise. The commercial and industrial sectors also contribute significantly to the market, as robust electrical systems are essential for various operations.

As the market continues to evolve, key players in the AC circuit breaker market are focusing on research and development activities to enhance product performance and meet the evolving customer demands.

Competitive landscape

The AC circuit breaker market is dominated by a few major players that have a wide regional presence. The leading players in the AC circuit breaker market are Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), and Mitsubishi Electric (Japan).

Key Attributes:

Report Attribute

Details

No. of Pages

266

Forecast Period

2023 - 2028

Estimated Market Value (USD) in 2023

$4.1 Billion

Forecasted Market Value (USD) by 2028

$5.3 Billion

Compound Annual Growth Rate

5.3%

Regions Covered

Global

Market Dynamics

Drivers

Growing Investments in Power Generation from Renewable Energy Sources

Increasing Capacity Additions and Enhancements for T&D Networks

Strengthening of Power Distribution Infrastructure

Increased Investments in Industrial Production

Restraints

Regulations Restricting Sf6 Gas Emissions

Competition from Unorganized Sector

Opportunities

Emerging Smart Technologies and Digitalization

Growing Usage of High-Voltage Direct Current Systems

Replacement of Aging Grid Infrastructure and Need for Reliable T&D Networks

Challenges

Risk of Cybersecurity Attacks and Installation of Modernized Circuit Breakers

High Temperature, Arc Flashing, and Overpressure During Operation

Trends/Disruptions Impacting Customer Business

Revenue Shift and New Revenue Pockets for Ac Circuit Breaker Providers

Value Chain Analysis

Raw Material Providers/Suppliers

Component Manufacturers

Ac Circuit Breaker Manufacturers/Assemblers

Distributors (Buyers)/End-users

Post-Sales Service Providers

Case Study Analysis

Circuit Breakers for Energy Market

ABB Introduced Sace Emax (Low Voltage Air and Molded-Case Circuit Breakers) to Transform Energy Market

Schneider Engineers Shrank Their Design by 25% with Enventive Concept

Company Profiles

Key Players

ABB Ltd.

Siemens Limited

Schneider Electric

Eaton

Mitsubishi Electric

General Electric

Rockwell Automation

Brush Group

Hd Hyundai Electric Co., Ltd.

Chint Electrics

Suntree Electric Group Co., Ltd.

Toshiba Corporation

Shanghai Liangxin Electric Co., Ltd.

Secheron Hasler Group

Panasonic Corporation

Other Players

Fuji Electric

Powell Industries

Legrand

Alstom

TE Connectivity

For more information about this report visit https://www.researchandmarkets.com/r/9bwd89

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Attachment

Global AC Circuit Breaker Market