Air Circuit Breakers

Air Circuit Breakers

Global Air Circuit Breakers Market to Reach $4.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Air Circuit Breakers estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.7 Billion by 2027, growing at aCAGR of 6.6% over the period 2020-2027. Low, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $824 Million, While China is Forecast to Grow at 10.3% CAGR

The Air Circuit Breakers market in the U.S. is estimated at US$824 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Select Competitors (Total 33 Featured) -

• ABB
• CBI-electric Group
• Eaton
• Fuji Electric
• GE
• Hitachi Industrial Equipment Systems Co., Ltd.
• Hyundai Electric & Energy Systems Co., Ltd.
• Larsen & Toubro
• Legrand
• Mitsubishi Electric
• Schneider Electric
• Siemens
• Terasaki Electric Co., Ltd.
• WEG

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