Air Circuit Breaker Market Report (2019-2024): Segment Analysis, Competitive insights, challenges, scope and application
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The Global Air Circuit Breaker Market size is projected to reach USD 3.9 Billion by 2024 from an estimated USD 3.0 Billion in 2019, at a CAGR of 5.2% during the forecast period. This report spread across 178 Pages, Profiling 21 Companies and Supported with XX Tables and XX figures are now available in this research.
Top Key Players Profiled in the Air Circuit Breaker Market:
• Mitsubishi Electric
• Schneider Electric
The medium voltage segment is expected to be the largest air circuit breaker market, by voltage during the forecast period. This growth is evident owing to the rising demand for air circuit breakers from power distribution utilities as well as the favorable government policies to support renewable generation.
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Although residential applications account for the smallest share of the global air circuit market, the segment is anticipated to witness the fastest growth during the forecast period due to the rising investments in residential construction. Upcoming technologies such as artificial intelligence and the Internet of Things use a sizable number of sensors and automation devices, which will be needed in the future for ease of operations and safety as well as reliability.
Breakdown of primary participants’ profile:
• By Company Type: Tier I–60%, Tier II–20%, and Tier III–20%
• By Designation: C-Level–55%, Director Level–30%, and Others–15%
• By Region: North America- 30%, Europe- 30%, Asia-Pacific20%, Middle East & Africa- 10%, South America- 10%
Competitive Landscape of Air Circuit Breaker Market:
2 Market Share, 2018
3 Competitive Landscape Mapping, 2018
4 Competitive Scenario
4.1 New Product Developments
4.2 Investments & Expansions
4.3 Contracts & Agreements
4.4 Mergers & Acquisitions
4.5 Joint Venture/Partnerships/Collobarations/Strategic Alliance
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The report defines, describes, and forecasts the air circuit breaker market, by voltage, type, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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