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Air Circuit Breaker Market by Voltage (Low Voltage, Medium Voltage), Type (Air Blast Circuit Breaker, Plain Air Circuit Breaker), Application - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 181 Pages
SKU # IRE18855323

Description

Air Circuit Breaker Market by Voltage (Low Voltage, Medium Voltage), Type (Air Blast Circuit Breaker, Plain Air Circuit Breaker), Application - Global Forecast 2024-2030


The Air Circuit Breaker Market size was estimated at USD 4.74 billion in 2023 and expected to reach USD 5.11 billion in 2024, at a CAGR 8.06% to reach USD 8.16 billion by 2030.

ACBs protect from electrical faults by interrupting the flow of electricity through an air-filled chamber and are utilized across various sectors such as utilities, industrial plants, commercial establishments, and residential premises. The ACBs utilization is influenced by rapid urbanization, increased demand for energy-efficient solutions, leading to power infrastructure development projects worldwide, and government regulations on safety standards for electrical installations. Furthermore, technological advancements in smart grid technology and IoT integration have created opportunities for intelligent ACBs with real-time monitoring capabilities. However, challenges such as high initial costs associated with advanced ACB models and periodic servicing requirements may impede market expansion. Additionally, alternative technologies such as vacuum circuit breakers (VCBs) and gas-insulated switchgear (GIS) present competition due to their respective advantages. Manufacturers are focusing on R&D activities, exploring innovations in design, materials, and technologies to maintain a competitive edge and propel business growth. Promising areas include developing energy-efficient ACBs with lower power consumption, integrating IoT capabilities, enhancing arc extinguishing mechanisms, incorporating advanced communication protocols for seamless interoperability, and designing compact modular ACBs tailored to diverse application requirements.

Regional Insights

The air circuit breaker market is witnessing growth in the Americas, Asia, and Europe, primarily due to the increasing demand for power distribution systems and advancements in technology. In North America, there is a rising need for robust power infrastructure, which is driving an expanded demand for air circuit breakers. Similarly, the Asia-Pacific region is expected to experience rapid growth in this market, driven by substantial investments in power infrastructure upgrades in countries, such as China and India. Increasing urbanization and industrialization have raised the demand for electricity supply which has led to expansion projects of transmission & distribution networks across Asia. Government initiatives focusing on electrification reforms also support investments toward improvement of power grid systems that boost demand for air circuit breakers. In the EMEA region, the air circuit breaker market demonstrates a stable growth pattern, fueled by strict energy efficiency and safety regulations. Furthermore, in Europe, environmental concerns and regulatory policies are initiating increased investments in renewable energy projects, thereby necessitating improved power distribution systems that incorporate air circuit breakers.

Market Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Air Circuit Breaker Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Growing need for secure and reliable power supply
      • High demand for energy storage and decentralized power generation
      • Increasing demand in factories and residential units for short circuit prevention
      • Market Restraints
        • Limitations associated with failure and regular maintenance of air circuit breakers
        • Market Opportunities
          • Advancements in designs and models of air circuit breaker
          • Growth of smart cities leads to the development of ACB
          • Market Challenges
            • Quality and operational standards and description of air circuit-breakers
            • Market Segmentation Analysis
              • Voltage: Well-suited medium voltage ACBs for extensive facilities in industrial plants or substations
              • Type: Increasing potential of air blast circuit breakers for high-speed machine operations
              • Application: Advancements in air circuit breakers with harsh operating conditions tolerance to deploy in large-scale industrial settings
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Air Circuit Breaker Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

              Market Share Analysis

              The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Air Circuit Breaker Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • RTX Developing Innovative Solid-State Circuit Breaker for Hybrid-Electric Aircraft Under NASA Contract

                RTX Corporation announced the successful demonstration of an advanced solid-state Air Circuit Breaker (ACB) specifically designed for hybrid-electric aircraft propulsion systems. This circuit breaker is capable of handling five times the power of the largest circuit breakers currently in use.

                Siemens Expands 3WA Circuit Breaker Series to Lead Next Generation Electrical Distribution

                Siemens AG announced its plan to expand its 3WA circuit breaker series to support the advancement of innovative electrical distribution solutions. The 3W circuit breakers are designed to improve ease of use, reliability, and digitalization while ensuring efficient integration into existing systems.

                Eaton Expands Manufacturing Footprint in Puducherry

                Eaton PLC announced the expansion of its manufacturing capacity in Puducherry, India by inaugurating a state-of-the-art air circuit breaker plant. This strategic expansion aims to bolster Eaton's position in the market, enhancing its competitiveness in this specific segment. The newly expanded area involves a centralized warehouse that houses Eaton's power distribution products and encompasses a customer experience center.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Air Circuit Breaker Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              Key Company Profiles

              The report delves into recent significant developments in the Air Circuit Breaker Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alfanar Group, BCH Electric Limited, CHINT Group Co., Ltd., Delixi Electric Co., Ltd., Eaton Corporation PLC, Elmeasure, Federal Group, Firefly Electric and Lighting Corporation, Fuji Electric Co., Ltd., General Electric Company, GEYA Electrical Equipment, Hager Group, Havells India Limited, Himel, Hitachi, Ltd., Hyundai Electric & Energy System Co. Ltd., L3Harris Technologies, Inc., Larsen & Toubro Limited, Legrand, LS Electric Co., Ltd., Mitsubishi Electric Corporation, ORION Machinery Co., Ltd., Rittal North America LLC, Schneider Electric SE, Siemens AG, Terasaki Electric Co., Ltd., Texas Instruments Incorporated, Toshiba Corporation, and WEG S.A..

              Market Segmentation & Coverage

              This research report categorizes the Air Circuit Breaker Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Voltage
                • Low Voltage
                • Medium Voltage
                • Type
                  • Air Blast Circuit Breaker
                  • Plain Air Circuit Breaker
                  • Application
                    • Commercial
                    • Industrial
                    • Residential
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • Alaska
                          • California
                          • Florida
                          • Illinois
                          • Louisiana
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Vermont
                          • West Virginia
                          • Wyoming
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom


                              Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

181 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing need for secure and reliable power supply
5.1.1.2. High demand for energy storage and decentralized power generation
5.1.1.3. Increasing demand in factories and residential units for short circuit prevention
5.1.2. Restraints
5.1.2.1. Limitations associated with failure and regular maintenance of air circuit breakers
5.1.3. Opportunities
5.1.3.1. Advancements in designs and models of air circuit breaker
5.1.3.2. Growth of smart cities leads to the development of ACB
5.1.4. Challenges
5.1.4.1. Quality and operational standards and description of air circuit-breakers
5.2. Market Segmentation Analysis
5.2.1. Voltage: Well-suited medium voltage ACBs for extensive facilities in industrial plants or substations
5.2.2. Type: Increasing potential of air blast circuit breakers for high-speed machine operations
5.2.3. Application: Advancements in air circuit breakers with harsh operating conditions tolerance to deploy in large-scale industrial settings
5.3. Market Trend Analysis
5.3.1. Government initiatives focused on safe and reliable power distribution lead to higher adoption of air circuit breakers in the Americas
5.3.2. Presence of numerous domestic and international players focused on producing cost-effective and innovative air circuit breakers in the Asia-Pacific
5.3.3. Competitive portfolio for air circuit breakers by established players in Europe and market expansion opportunities due to rising end-user demands in the Middle East & Africa
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Air Circuit Breaker Market, by Voltage
6.1. Introduction
6.2. Low Voltage
6.3. Medium Voltage
7. Air Circuit Breaker Market, by Type
7.1. Introduction
7.2. Air Blast Circuit Breaker
7.3. Plain Air Circuit Breaker
8. Air Circuit Breaker Market, by Application
8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential
9. Americas Air Circuit Breaker Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Air Circuit Breaker Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Air Circuit Breaker Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. RTX Developing Innovative Solid-State Circuit Breaker for Hybrid-Electric Aircraft Under NASA Contract
12.3.2. Siemens Expands 3WA Circuit Breaker Series to Lead Next Generation Electrical Distribution
12.3.3. Eaton Expands Manufacturing Footprint in Puducherry
12.3.4. LS Electric on Transforming Power Solutions in Saudi Arabia
12.3.5. Mitsubishi Electric Acquires DC Circuit Breaker Developer Scibreak
12.3.6. MEPPI Introduces 72kV Vacuum Circuit Breaker with Dry-Air Insulation
12.3.7. Hitachi Energy Showcases the Eco-efficient 420-kilovolt Circuit-Breaker at CIGRE Session 2022 in Paris
12.3.8. Innovative High-voltage AIS Circuit Breaker
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio

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