888-776-0942 from 8 AM - 10 PM ET
CHICAGO , Oct. 6, 2023 /PRNewswire/ -- Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023–2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure. Furthermore, the increasing demand for dependable transmission and distribution (T&D) networks offers lucrative growth prospects for the Air Circuit Breaker Market. moulded case circuit breaker
Browse in-depth TOC on "Air Circuit Breaker Market"
230 - Tables 40 - Figures 208 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84462231
Air Circuit Breaker Market Scope:
Poised to Grow at a CAGR of 5.0%
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Type, Voltage, Application, and Region
North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Environmental Regulations, Renewable Integration, Aging Infrastructure, Cybersecurity, Competitiveness, and Technological Advancements Shape the Air Circuit Breaker Market.
Replacement of aging grid infrastructure and the need for reliable T&D networks
Safeguarding Power Systems Amid Renewable Energy Growth and Smart Technology Integration
By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors. This necessitates more robust electrical infrastructure capable of handling power distribution, making air circuit breakers the preferred choice due to their capacity to manage higher currents and provide essential short-circuit protection. Furthermore, air circuit breakers are versatile, effectively safeguarding critical assets from electrical faults and overloads, ensuring uninterrupted industrial operations. Moreover, stringent safety regulations in industrial settings mandate high breaking capacity and reliability in interrupting fault currents, qualities for which air circuit breakers are well-known, enabling industries to comply with safety standards effectively.
By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits. Particularly well-suited for high voltage applications like substations and transmission networks, air blast circuit breakers are in high demand as electricity needs continue to surge, especially in urban and industrial areas. Their integration into smart grid systems is increasingly crucial, as these circuit breakers can be enhanced with sensors and monitoring devices, enabling real-time data collection and remote control. This integration is pivotal for optimizing grid performance, enhancing reliability, and minimizing downtime.
By voltage, the low voltage segment is expected to be the largest contributor during the forecast period.
The dominance of the low-voltage segment in the Air Circuit Breaker Industry can be attributed to its extensive applicability across residential, commercial, and industrial sectors. Low-voltage air circuit breakers play a crucial role in safeguarding electrical systems from overloads and short circuits in buildings, especially as the construction industry experiences growth. Moreover, their usage in industrial machinery ensures the protection of vital equipment and aligns with the expanding industrial sector's automation needs. Additionally, these circuit breakers are integral to maintaining electrical safety and reliability in growing infrastructure development projects, including transportation systems, commercial complexes, and data centers, solidifying their position as a cornerstone of electrical protection across diverse settings.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=84462231
Asia Pacific is expected to be the largest and fastest-growing market during the forecast period.
Asia Pacific's status as the largest market for air circuit breakers is driven by a confluence of factors. The region is witnessing significant urbanization and industrialization, spurring a heightened demand for electricity. To meet this demand, robust electrical infrastructure is essential, and air circuit breakers are pivotal in ensuring reliable power distribution and protection. Additionally, the diverse industrial landscape in Asia Pacific relies heavily on electricity, particularly in sectors like manufacturing and heavy machinery, making air circuit breakers a preferred choice due to their capacity to handle high currents. Governments across the region are investing substantially in infrastructure development, including modernizing electrical grids with advanced circuit protection devices like air circuit breakers. Energy efficiency is also a focal point, with air circuit breakers offering high breaking capacity to reduce energy losses during faults. Furthermore, the rising adoption of smart grids in Asia Pacific underscores the importance of air circuit breakers, which can be equipped with sensors and remote monitoring capabilities to enhance grid reliability and efficiency, aligning with the region's progressive initiatives.
The key players in the Air Circuit Breaker Companies are ABB (Switzerland ), Schneider Electric (France ), Siemens (Germany ), Mitsubishi Electric (Japan ), and Eaton (Ireland) .
Inquiry Before Buying : https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=84462231
Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting
Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2–36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2027
Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Installation (Indoor, Outdoor), Voltage Rating (Up to 15 kV, 15 kV–25 kV, Above 25 kV), Structure, Application, Region - Global Forecast to 2027
Gas Insulated Switchgear Market by Installation (Indoor, Outdoor), Insulation Type (SF6, SF6 free), Voltage Rating (Up to 36 kV, 37 to 73 kV, 74 to 220 kV, Above 220 kV), Configuration, End-User and Region - Global Forecast to 2027
Pad–Mounted Switchgear Market by Type (Air, Gas, Solid Dielectric, Others), Voltage (Up to 15 kV, 15-25 kV, 25-38 kV), Application (Industrial, Commercial, & Residential), Standard (IEC, IEEE) and Region - Global Forecast to 2028
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: [email protected] Research Insight: https://www.marketsandmarkets.com/ResearchInsight/air-circuit-breaker-market.asp Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/air-circuit-breaker.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
Regenerative Medicine Market in terms of revenue was estimated to be worth $16.0 billion in 2023 and is poised to reach $49.0 billion by 2028,...
mcb breaker The global interactive display market was valued at USD 12.5 billion in 2024 and is projected to reach USD 16.9 billion by 2029, registering a CAGR...