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Air Circuit Breaker Market by Voltage (Low-Voltage and Medium-Voltage), Type (Air Blast Circuit Breaker and Plain Air Circuit Breaker), Application (Industrial, Commercial, and Residential) and Region - Global forecast to 2028

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    Report

  • 199 Pages
  • December 2023
  • Region: Global
  • Markets and Markets
  • ID: 4871657

Lack of Effective Government Policies and Presence of Stringent Environmental and Safety Regulations Related to SF6 Circuit Breakers

The air circuit breaker market is poised for substantial expansion, with its market size projected to grow from approximately USD 3.2 billion in 2023 to around USD 4.1 billion by 2028, reflecting a compound annual growth rate (CAGR) of 5.0% during the forecast period spanning from 2023 to 2028. This growth is underpinned by several driving factors. Notably, there are increasing investments in power generation, with a particular focus on renewable energy sources. Additionally, there is a rising global demand for a reliable and secure power supply, prompting enhancements and expansions of transmission and distribution networks. Moreover, the railway sector is experiencing heightened investment activities, further bolstering the air circuit breaker market's growth. 

The air blast circuit breaker segment is expected to hold the largest share of the air circuit breaker market, by type, during the forecast period.

During the projected timeframe, Air blast circuit breakers dominate the air circuit breaker market due to their aptness for ensuring the stability and dependability of electrical grids amid escalating demand, particularly in urban and industrial zones. Although they may entail higher initial expenses compared to some alternatives, their proven longevity and reliability often translate into lower overall ownership costs over extended periods. These circuit breakers adhere to industry standards and safety regulations in many regions, bolstering their standing as a trusted choice for electrical safeguarding. With a history of successful deployment in high voltage and mission-critical scenarios, air blast circuit breakers maintain their enduring preference in the market.

Residential: The largest-growing segment of the air circuit breaker market

The residential segment is expected to exhibit the highest growth rate in the air circuit breaker market from 2023 to 2028, based on its application. The residential segment's dominance in the air circuit breaker market can be attributed to several crucial factors. The robust growth of the construction industry in urban areas, driven by population expansion and urbanization, has led to a higher demand for electrical distribution and protection systems, including air circuit breakers, as more residential buildings are erected. The modernization of homes with a plethora of electrical appliances and home automation systems has increased energy consumption, necessitating reliable circuit breakers for protection against overcurrents and short circuits. Safety remains a paramount concern in residential environments, and air circuit breakers are well-suited to mitigate electrical faults, reduce the risk of electrical fires, and ensure residents' safety. Furthermore, the presence of building codes and regulations in many regions mandating the installation of circuit protection devices like air circuit breakers in residential buildings adds to the segment's growth by ensuring compliance with safety standards.

Asia Pacific: The fastest-growing market for air circuit breaker.

The Asia Pacific region is experiencing rapid growth in the air circuit breaker market, followed by North America and Europe. The Asia Pacific region is witnessing significant urbanization and industrialization, resulting in a surging demand for electricity. This increased need for dependable electrical distribution and protection systems, including air circuit breakers, is driven by the migration of more people to urban centers and the expansion of industries. Both governments and private sector entities across the Asia Pacific are making substantial investments in infrastructure development, encompassing the expansion and modernization of electrical grids, power generation facilities, and industrial zones. Notably, these infrastructure initiatives often incorporate advanced circuit protection solutions like air circuit breakers. Moreover, stringent safety regulations prevalent in many Asia Pacific countries necessitate the use of air circuit breakers, valued for their high breaking capacity and reliability in interrupting fault currents, ensuring compliance with rigorous safety standards. 

Breakdown of Primaries:
Primary interviews were undertaken with a diverse array of pivotal figures within the industry, encompassing subject-matter experts, C-level executives representing prominent market players, industry consultants, and other pertinent experts. The primary objective of these interviews was to acquire and authenticate vital qualitative and quantitative data, along with assessing the market's future outlook. The distribution of these primary interviews is outlined as follows:

  • By Company Type: Tier 1 - 65%, Tier 2 - 24%, Tier 3 - 11%
  • By Designation: C-Level - 30%, D-Level - 25%, Others - 45%
  • By Region: North America - 27%, Europe - 20%, Asia Pacific - 33%, Middle East & Africa - 8%, , and South America - 12%

Note: The tier of the companies has been defined based on their total revenue; as of 2022: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion. 
The key players in the air circuit breaker market include companies such as ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland).

Research Coverage:
The report offers an extensive and in-depth assessment of the circuit breaker market, spanning multiple geographical regions. Its primary objectives are to estimate the market's size and evaluate its potential for future expansion, taking into account various segments such as type, voltage capacity, applications, and regional dynamics. Furthermore, the report includes a meticulous competitive analysis of key market participants, presenting their company profiles, recent advancements, and key strategic approaches. The market has been segmented based on type, voltage capacity, applications, and geographical regions, with a particular emphasis on dissecting prevalent industry trends. Additionally, the report delivers a market share analysis of leading players, delves into supply chain intricacies, and offers detailed company profiles, collectively furnishing insights into the competitive landscape and emerging high-growth sectors within the air circuit breaker market. 

Key Benefits of Buying the Report
The report is meticulously crafted to aid both industry leaders and newcomers in the air circuit breaker market by furnishing them with dependable revenue projections for the entire market and its constituent sub-segments. This data serves as a valuable resource for stakeholders, empowering them to gain a comprehensive understanding of the competitive landscape and formulate effective go-to-market strategies for their businesses. Additionally, the report serves as a conduit for stakeholders to grasp the present conditions of the market, offering crucial insights into market drivers, constraints, challenges, and growth opportunities. By assimilating these insights, stakeholders can make informed decisions and remain attuned to the ever-evolving dynamics of the air circuit breaker industry.

  • Analysis of key drivers (They include increased investments in clean energy, expanding and improving power networks, strengthening power distribution infrastructure, and rising industrial investments), restraints (They encompass regulations that restrict emissions of SF6 gas and competition from smaller, less organized companies), opportunities (They involve the rising adoption of high-voltage direct current systems and the integration of smart technologies into electrical systems), and challenges (They encompass risks like high temperatures, arc flashes, and overpressure during operation, as well as the complexities of installing modernized circuit breakers) influencing the growth of the ac circuit breaker market.
  • Product Development/ Innovation: The air circuit breaker market is on an optimistic trajectory, as exemplified by recent significant developments such as Mitsubishi Electric's acquisition of Scibreak AB. On February 16, Mitsubishi Electric made a noteworthy announcement, revealing its full acquisition of Scibreak AB, a Swedish company with specialized expertise in the development of DC air circuit breakers (DCCBS). This strategic acquisition is aimed at strengthening the competitive edge of both companies by fostering a close partnership focused on advancing DCCB technologies tailored for high-voltage direct current (HVDC) systems. This collaborative initiative aligns perfectly with the increasing global adoption of renewable energy sources and highlights the industry's dedication to supporting the expansion of HVDC systems.
  • Market Development: The expansion of power distribution networks can be attributed to several key factors. These include the increase in per capita income, the growth of the middle-class population, urbanization, and improved access to electricity in remote areas. In some developing countries, there is a shift towards prioritizing distributed power generation rather than relying solely on large national grids, especially in rural electrification initiatives. For instance, the Indian Government is actively working on enhancing electricity supply in villages through initiatives like the Restructured Accelerated Power Development and Reforms Program (R-APDRP) and the Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY). These schemes create significant opportunities for the air circuit breaker market to play a vital role in the development of robust and reliable power infrastructure.
  • Market Diversification: The air circuit breaker market is presently dominated by developed nations like the United States, Europe, and Japan. Nevertheless, there's a surging demand for air circuit breakers in developing countries such as China, India, and Brazil. To diversify their customer base and reduce reliance on mature markets, air circuit breaker manufacturers can expand into these emerging markets. Additionally, they can explore partnerships or acquisitions, possibly with companies producing complementary products like switchgear or transformers. This expansion strategy enables offering a broader product range and enhancing market presence. Moreover, addressing the growing demand for smart air circuit breakers, especially in emerging markets, can be a pivotal focus, providing efficient monitoring and control solutions for various industries. By tailoring cost-effective products and solutions to meet specific market needs, air circuit breaker manufacturers can tap into the high growth potential of emerging markets. Collaborations with other players in the electrical industry can also yield benefits by providing comprehensive power distribution solutions to customers.
  • Competitive Assessment: A thorough assessment has been carried out to examine the market presence, growth tactics, and service portfolios of leading players in the air circuit breaker market, which encompass companies like Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), and Mitsubishi Electric (Japan), among others. This evaluation offers comprehensive insights into the competitive standing of these major players, their strategies for fueling market expansion, and the spectrum of services they provide within the air circuit breaker segment.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
Table 1 Inclusions and Exclusions, by Voltage
Table 2 Inclusions and Exclusions, by Application
1.4 Market Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.4.3 Years Considered
1.4.4 Currency Considered
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 1 Air Circuit Breaker Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Demand-Side Analysis
Figure 2 Air Circuit Breaker Market: Region/Country-Wise Analysis
2.2.2 Supply-Side Analysis
Figure 3 Key Metrics Considered to Assess Supply of Air Circuit Breakers
Figure 4 Air Circuit Breaker Market: Supply-Side Analysis
2.2.2.1 Assumptions and Calculations
Figure 5 Company Revenue Analysis, 2022
2.3 Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
2.5 Forecast

3 Executive Summary
Table 3 Air Circuit Breaker Market Snapshot
Figure 7 Air Blast Circuit Breaker Segment to Hold Larger Share of Air Circuit Breaker Market During Forecast Period
Figure 8 Low Voltage Segment to Lead Air Circuit Breaker Market During Forecast Period
Figure 9 Industrial Segment to Lead Air Circuit Breaker Market During Forecast Period
Figure 10 Asia-Pacific Dominated Air Circuit Breaker Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in the Air Circuit Breaker Market
Figure 11 Growing Investments Renewable Energy Integration
4.2 Air Circuit Breaker Market, by Type
Figure 12 Air Blast Circuit Breaker Segment to Hold Larger Market Share in 2028
4.3 Air Circuit Breaker Market, by Voltage
Figure 13 Low Voltage Segment to Hold Larger Market Share in 2028
4.4 Asia-Pacific Air Circuit Breaker Market, by Application and Country
Figure 14 Industrial Segment and China Held Largest Shares of Asia-Pacific Air Circuit Breaker Market in 2022
4.5 Air Circuit Breaker Market, by Region
Figure 15 Asia-Pacific Air Circuit Breaker Market to Register Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Air Circuit Breaker Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Power Generation from Renewable Energy Sources
Figure 17 Global Investments in Renewable Energy Industry
5.2.1.2 Increasing Demand for Energy Storage and Decentralized Power Generation Systems
5.2.1.3 Growing Need for Reliable and Secure Power Supply
5.2.2 Restraints
5.2.2.1 Lack of Effective Government Policies and Presence of Stringent Environmental and Safety Regulations Related to SF6 Circuit Breakers
5.2.2.2 Growing Competition from Unorganized Market Players
5.2.3 Opportunities
5.2.3.1 Aging Electrical Infrastructure and Rising Electricity Demand
5.2.3.2 Development of Smart Cities
5.2.4 Challenges
5.2.4.1 Rising Concerns Related to the Security of Power Grids

6 Air Circuit Breaker Market, by Type
6.1 Introduction
Figure 18 Air Circuit Breaker Market, by Type, 2022 (Value)
Table 4 Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 5 Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
6.2 Plain Air Circuit Breaker
6.2.1 Rapid Industrialization and Increasing Demand from Power Plants to Drive Market
Table 6 Plain Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 7 Plain Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
6.3 Air Blast Circuit Breaker
6.3.1 Rising Investments in Enhancement of Electricity Grids to Fuel Demand
Table 8 Air Blast Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 9 Air Blast Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)

7 Air Circuit Breaker Market, by Application
7.1 Introduction
Figure 19 Air Circuit Breaker Market, by Application, 2022 (Value)
Table 10 Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 11 Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
7.2 Industrial Air Circuit Breaker
7.2.1 Increasing Trend of Industrialization in Developing Countries to Fuel Adoption
Table 12 Industrial Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 13 Industrial Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
7.3 Commercial Air Circuit Breaker
7.3.1 Increasing Commercial Areas Globally to Drive Market
Table 14 Commercial Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 15 Commercial Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
7.4 Residential Air Circuit Breaker
7.4.1 Rising Use of Advanced Technologies to Fuel Demand
Table 16 Residential Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 17 Residential Air Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)

8 Air Circuit Breaker Market, by Voltage
8.1 Introduction
Figure 20 Air Circuit Breaker, by Voltage, 2022 (Value)
Table 18 Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 19 Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
8.2 Low Voltage Air Circuit Breaker
8.2.1 Increasing Automation and Demand from Industrial Sector
Table 20 Low Voltage Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 21 Low Voltage Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
8.3 Medium Voltage Air Circuit Breaker
8.3.1 Increasing Renewable Power Generation and Expanding Power Distribution Infrastructure
Table 22 Medium Voltage Circuit Breaker: Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 23 Medium Voltage Circuit Breaker: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)

9 Air Circuit Breaker Market, by Region
9.1 Introduction
Figure 21 Middle East & Africa to Register Highest CAGR During Forecast Period
Figure 22 Air Circuit Breaker Market, by Region, 2022 (Value)
Table 24 Air Circuit Breaker Market, by Region, 2020-2022 (USD Million)
Table 25 Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
9.2 North America
9.2.1 North America: Recession Impact
Figure 23 North America: Air Circuit Breaker Market Snapshot
9.2.2 By Voltage
Table 26 North America: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 27 North America: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
9.2.3 By Type
Table 28 North America: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 29 North America: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
9.2.4 By Application
Table 30 North America: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 31 North America: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.2.5 By Country
Table 32 North America: Air Circuit Breaker Market, by Country, 2020-2022 (USD Million)
Table 33 North America: Air Circuit Breaker Market, by Country, 2023-2028 (USD Million)
9.2.5.1 US
9.2.5.1.1 Government-Led Investments in Smart Energy Infrastructure Development to Drive Market
Table 34 US: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 35 US: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 36 US: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 37 US: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 38 US: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 39 US: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.2.5.2 Canada
9.2.5.2.1 Rising Demand for Power Distribution Equipment and Increasing Industrialization to Boost Market Growth
Table 40 Canada: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 41 Canada: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 42 Canada: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 43 Canada: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 44 Canada: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 45 Canada: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.2.5.3 Mexico
9.2.5.3.1 Increased Government-Led Efforts to Expand Power Generation Capacities to Drive Demand
Table 46 Mexico: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 47 Mexico: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 48 Mexico: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 49 Mexico: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 50 Mexico: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 51 Mexico: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Recession Impact
9.3.2 By Voltage
Table 52 Europe: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 53 Europe: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
9.3.3 By Type
Table 54 Europe: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 55 Europe: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
9.3.4 By Application
Table 56 Europe: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 57 Europe: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3.5 By Country
Table 58 Europe: Air Circuit Breaker Market, by Country, 2020-2022 (USD Million)
Table 59 Europe: Air Circuit Breaker Market, by Country, 2023-2028 (USD Million)
9.3.5.1 UK
9.3.5.1.1 Increasing Power Demand and Expansion of Power Distribution Network to Propel Market
Table 60 UK: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 61 UK: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 62 UK: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 63 UK: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 64 UK: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 65 UK: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3.5.2 Germany
9.3.5.2.1 Renewable Energy Capacity Development Supported by Smart Grid Development to Drive Market
Table 66 Germany: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 67 Germany: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 68 Germany: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 69 Germany: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 70 Germany: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 71 Germany: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3.5.3 Russia
9.3.5.3.1 Government-Led Initiatives to Upgrade Aging Power Infrastructure to Fuel Demand
Table 72 Russia: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 73 Russia: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 74 Russia: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 75 Russia: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 76 Russia: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 77 Russia: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3.5.4 France
9.3.5.4.1 Increasing Investments in the Manufacturing Sector to Boost Demand
Table 78 France: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 79 France: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 80 France: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 81 France: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 82 France: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 83 France: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.3.5.5 Rest of Europe
Table 84 Rest of Europe: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 85 Rest of Europe: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 86 Rest of Europe: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 87 Rest of Europe: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 88 Rest of Europe: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 89 Rest of Europe: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Recession Impact
Figure 24 Asia-Pacific: Air Circuit Breaker Market Snapshot
9.4.2 By Voltage
Table 90 Asia-Pacific: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 91 Asia-Pacific: Air Circuit Breaker Market, by Region, 2023-2028 (USD Million)
9.4.3 By Type
Table 92 Asia-Pacific: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 93 Asia-Pacific: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
9.4.4 By Application
Table 94 Asia-Pacific: Air Circuit Breaker Market, by Application 2020-2022 (USD Million)
Table 95 Asia-Pacific: Air Circuit Breaker Market, by Application 2023-2028 (USD Million)
9.4.5 By Country
Table 96 Asia-Pacific: Air Circuit Breaker Market, by Country, 2020-2022 (USD Million)
Table 97 Asia-Pacific: Air Circuit Breaker Market, by Country, 2023-2028 (USD Million)
9.4.5.1 China
9.4.5.1.1 Increased Government Spending on Power Generation Projects and Smart Grids to Boost Market Growth
Table 98 China: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 99 China: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 100 China: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 101 China: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 102 China: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 103 China: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.4.5.2 Japan
9.4.5.2.1 Increasing Investments in Renewable Energy Projects and Infrastructure Development to Fuel Demand
Table 104 Japan: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 105 Japan: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 106 Japan: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 107 Japan: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 108 Japan: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 109 Japan: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.4.5.3 India
9.4.5.3.1 Increasing Government Initiatives to Upgrade Existing Power Grids and Rising Electricity Demand to Drive Market
Table 110 India: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 111 India: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 112 India: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 113 India: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 114 India: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 115 India: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.4.5.4 South Korea
9.4.5.4.1 Increasing Infrastructure Development Activities to Boost Demand
Table 116 South Korea: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 117 South Korea: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 118 South Korea: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 119 South Korea: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 120 South Korea: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 121 South Korea: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.4.5.5 Rest of Asia-Pacific
Table 122 Rest of Asia-Pacific: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 123 Rest of Asia-Pacific: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 124 Rest of Asia-Pacific: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 125 Rest of Asia-Pacific: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 126 Rest of Asia-Pacific: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 127 Rest of Asia-Pacific: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.5 South America
9.5.1 South America: Recession Impact
9.5.2 By Voltage
Table 128 South America: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 129 South America: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
9.5.3 By Type
Table 130 South America: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 131 South America: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
9.5.4 By Application
Table 132 South America: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 133 South America: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.5.5 By Country
Table 134 South America: Air Circuit Breaker Market, by Country, 2020-2022 (USD Million)
Table 135 South America: Air Circuit Breaker Market, by Country, 2023-2028 (USD Million)
9.5.5.1 Brazil
9.5.5.1.1 Robust Infrastructure Development and Rising Demand for Renewable Energy to Drive Market
Table 136 Brazil: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 137 Brazil: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 138 Brazil: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 139 Brazil: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 140 Brazil: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 141 Brazil: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.5.5.2 Argentina
9.5.5.2.1 Rapid Expansion in Power Infrastructure and Increasing Construction Activities to Boost Market Growth
Table 142 Argentina: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 143 Argentina: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 144 Argentina: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 145 Argentina: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 146 Argentina: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 147 Argentina: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.5.5.3 Chile
9.5.5.3.1 Investments in Industrial Development and Renewable Energy to Drive Market
Table 148 Chile: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 149 Chile: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 150 Chile: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 151 Chile: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 152 Chile: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 153 Chile: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.5.5.4 Rest of South America
Table 154 Rest of South America: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 155 Rest of South America: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 156 Rest of South America: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 157 Rest of South America: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 158 Rest of South America: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 159 Rest of South America: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6 Middle East & Africa
9.6.1 Middle East & Africa: Recession Impact
9.6.2 By Voltage
Table 160 Middle East & Africa: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 161 Middle East & Africa: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
9.6.3 By Type
Table 162 Middle East & Africa: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 163 Middle East & Africa: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
9.6.4 By Application
Table 164 Middle East & Africa: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 165 Middle East & Africa: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6.5 By Country
Table 166 Middle East & Africa: Air Circuit Breaker Market, by Country, 2020-2022 (USD Million)
Table 167 Middle East & Africa: Air Circuit Breaker Market, by Country, 2023-2028 (USD Million)
9.6.5.1 Saudi Arabia
9.6.5.1.1 Increasing Investments in Smart Grid Development to Drive Demand
Table 168 Saudi Arabia: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 169 Saudi Arabia: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 170 Saudi Arabia: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 171 Saudi Arabia: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 172 Saudi Arabia: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 173 Saudi Arabia: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6.5.2 UAE
9.6.5.2.1 Increasing Demand for Electricity and Rising Need for Modernizing Aging Power Distribution Networks to Drive Market
Table 174 UAE: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 175 UAE: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 176 UAE: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 177 UAE: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 178 UAE: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 179 UAE: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6.5.3 Kuwait
9.6.5.3.1 Increasing Investments in Renewable Energy Development to Fuel Demand
Table 180 Kuwait: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 181 Kuwait: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 182 Kuwait: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 183 Kuwait: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 184 Kuwait: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 185 Kuwait: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6.5.4 South Africa
9.6.5.4.1 Increasing Smart Grid Investments to Boost Market Growth
Table 186 South Africa: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 187 South Africa: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 188 South Africa: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 189 South Africa: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 190 South Africa: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 191 South Africa: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)
9.6.5.5 Rest of Middle East & Africa
Table 192 Rest of Middle East & Africa: Air Circuit Breaker Market, by Voltage, 2020-2022 (USD Million)
Table 193 Rest of Middle East & Africa: Air Circuit Breaker Market, by Voltage, 2023-2028 (USD Million)
Table 194 Rest of Middle East & Africa: Air Circuit Breaker Market, by Type, 2020-2022 (USD Million)
Table 195 Rest of Middle East & Africa: Air Circuit Breaker Market, by Type, 2023-2028 (USD Million)
Table 196 Rest of Middle East & Africa: Air Circuit Breaker Market, by Application, 2020-2022 (USD Million)
Table 197 Rest of Middle East & Africa: Air Circuit Breaker Market, by Application, 2023-2028 (USD Million)

10 Competitive Landscape
10.1 Overview
10.2 Key Strategies Adopted by Major Players
Table 198 Overview of Key Strategies Adopted by Top Players, 2019-2022
10.3 Revenue Analysis of Top Five Players, 2018-2022
Figure 25 AC Circuit Breaker Market: Revenue Analysis of Top Five Players, 2018-2022
10.4 Company Evaluation Matrix, 2022
10.4.1 Stars
10.4.2 Emerging Leaders
10.4.3 Pervasive Players
10.4.4 Participants
Figure 26 Air Circuit Breaker Market: Company Evaluation Matrix, 2022
10.5 Market Share Analysis, 2022
Table 199 Air Circuit Breaker Market: Degree of Competition
Figure 27 Share of Major Players in Air Circuit Breaker Market, 2022
10.6 Competitive Scenarios and Trends
10.6.1 Product Launches
Table 200 Air Circuit Breaker Market: Product Launches, 2019-2023
10.6.2 Deals
Table 201 Air Circuit Breaker Market: Deals, 2019-2023

11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
11.1 Key Players
11.1.1 ABB
Table 202 ABB: Company Overview
Figure 28 ABB: Company Snapshot
Table 203 ABB: Product Launches
11.1.2 Eaton
Table 204 Eaton: Company Overview
Figure 29 Eaton: Company Snapshot
Table 205 Eaton: Product Launches
11.1.3 Mitsubishi Electric
Table 206 Mitsubishi Electric: Company Overview
Figure 30 Mitsubishi Electric: Company Snapshot
Table 207 Mitsubishi Electric: Product Launches
Table 208 Mitsubishi Electric: Deals
11.1.4 Siemens
Table 209 Siemens: Company Overview
Figure 31 Siemens: Company Snapshot
Table 210 Siemens: Product Launches
Table 211 Siemens: Deals
11.1.5 Schneider Electric
Table 212 Schneider Electric: Company Overview
Figure 32 Schneider Electric: Company Snapshot
Table 213 Schneider Electric: Product Launches
11.1.6 Fuji Electric
Table 214 Fuji Electric: Company Overview
Figure 33 Fuji Electric: Company Snapshot
Table 215 Fuji Electric: Others
11.1.7 Hitachi
Table 216 Hitachi: Company Overview
Figure 34 Hitachi: Company Snapshot
Table 217 Hitachi: Deals
11.1.8 C&S Electric
Table 218 C&S Electric: Company Overview
11.1.9 Hyundai Electric
Table 219 Hyundai Electric: Company Overview
Figure 35 Hyundai Electric: Company Snapshot
11.1.10 Cg Power & Industrial Solutions Ltd.
Table 220 Cg Power & Industrial Solutions Ltd.: Company Overview
Figure 36 Cg Power & Industrial Solutions Ltd.: Company Snapshot
Table 221 Cg Power & Industrial Solutions Ltd.: Deals
11.1.11 Entec Electric & Electronic
Table 222 Entec Electric & Electronic: Company Overview
11.1.12 Weg
Table 223 Weg: Company Overview
Figure 37 Weg: Company Snapshot
Table 224 Weg: Deals
11.1.13 Ls Electric Co. Ltd.
Table 225 Ls Electric Co. Ltd.: Company Overview
Figure 38 Ls Electric Co. Ltd.: Company Snapshot
11.1.14 Havells
Table 226 Havells: Company Overview
Figure 39 Havells: Company Snapshot
Table 227 Havells: Product Launches
Table 228 Havells: Deals
11.1.15 Toshiba International Corporation
Table 229 Toshiba International Corporation: Company Overview
Figure 40 Toshiba International Corporation: Company Snapshot
Table 230 Toshiba International Corporation: Deals
11.2 Other Players
11.2.1 Legrand
11.2.2 Hpl
11.2.3 Federal
11.2.4 Terasaki Electric
11.2.5 Romac Electronics
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide

Executive Summary

Companies Mentioned

  • ABB
  • C&S Electric
  • Cg Power & Industrial Solutions Ltd.
  • Eaton
  • Entec Electric & Electronic
  • Federal
  • Fuji Electric
  • Havells
  • Hitachi
  • HPL
  • Hyundai Electric
  • Legrand
  • LS Electric Co. Ltd.
  • Mitsubishi Electric
  • Romac Electronics
  • Schneider Electric
  • Siemens
  • Terasaki Electric
  • Toshiba International Corporation
  • Weg

Methodology

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Table Information