The air circuit breakers or ACBs operate in the air as arc distinguishing medium at a given atmospheric pressure. This electrical device is used to provide overcurrent and short-circuit protection for circuits over 800 Amps and 10K Amps. These are widely used for a low-voltage interruption and are fast replacing high-voltage oil breakers. Major market players are focusing on product launches and partnerships as part of their growth strategies for the air circuit breaker market during the forecast period.
MARKET DYNAMICS
The air circuit breaker market is anticipated to grow in the forecast period owing to driving factors such as increasing power generation from renewable sources of energy, coupled with the demands for energy storage. Also, the need for reliable and secure power supply is expected to fuel the market growth further. However, increasing competition from the unorganized sector may hinder the growth of the air circuit breaker market during the forecast period. Nevertheless, with smart cities development, the opportunities for market players are endless.
MARKET SCOPE
The "Global Air Circuit Breaker Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of air circuit breaker market with detailed market segmentation by voltage, type, application, and geography. The global air circuit breaker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading air circuit breaker market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global air circuit breaker market is segmented on the basis of voltage, type, and application. Based on voltage, the market is segmented as low and medium voltage. On the basis of the type, the market is segmented as air blast circuit breaker and plain air circuit breaker. The market on the basis of the application is classified as industrial, commercial, and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global air circuit breaker market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The air circuit breaker market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting air circuit breaker market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the air circuit breaker market in these regions.
MARKET PLAYERS
The reports cover key developments in the air circuit breaker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from air circuit breaker market are anticipated to lucrative growth opportunities in the future with the rising demand for air circuit breaker in the global market. Below mentioned is the list of few companies engaged in the air circuit breaker market.
The report also includes the profiles of key air circuit breaker companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Ltd.
- C&S Electric Limited
- Eaton Corporation
- Fuji Electric FA Components & Systems Co., Ltd.
- Hitachi Industrial Equipment Systems Co.,Ltd.
- Hyundai Heavy Industries
- LARSEN & TOUBRO LIMITED
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.