Air Circuit Breaker Market Trends, Active Key Players, and Growth Projection Up to 2030

Air circuit breaker (ACBs) is equipment that is used for the protection of electric circuits from short circuits or over current. The major function is to interrupt current flow on detection of a fault. It exhibits various characteristics such as durability, ease of installation, and high performance. It is used to protect electrical machines, transformers, capacitors, and generators against electrical faults. Furthermore, the air circuit breaker has completely replaced the oil circuit breaker, as it eliminates the risk of fire hazards and minimizes maintenance costs. Air circuit breaker finds their application across industrial and commercial sectors. The global air circuit breaker market is projected to witness significant growth during the forecast period, owing to an increase in power generation from renewable energy sources and a rise in demand for reliable & secure power supply.

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COVID-19 scenario analysis

The virus outbreak has forced the government to undertake actions such as imposing travel restrictions and the temporary shutdown of manufacturing plants in order to curb the spread of the virus. These restrictions have disrupted supply chains and have forced air circuit breaker manufacturers to close down their manufacturing plants. Air circuit breakers are mainly used in industries but shut down of industries globally has impacted negatively on the market due to widespread coronavirus. The emergence of COVID-19 is changing the global value delivery models, with unprecedented consequences for manufacturers and supply chains. To mitigate the effect of COVID-19 on manufacturers and supply chains, new approaches and new ways of collaboration are required to boost overall growth.

Market scenario analysis

The global air circuit breaker market is expected to witness significant growth during the forecast period, due to a rise in power generation activities and a surge in demand for sustainable power supply across the globe. The medium voltage air circuit breaker is expected to grow significantly due to its various end-use applications in industrial power & distribution, renewable, and transportation to protect & control the distribution network. The surge in demand for electricity and the replacement of existing old circuit breakers further fuels the demand for the air circuit breaker market. However, several disadvantages such as the additional use of a compressor with high air pressure which in turn aids initial set-up cost, maintenance of compressors, and there are some possible air leakages in the fittings if not taken care of are the major factors that are anticipated hinder the market growth during the forecast period.

Market drivers & restraints

The major factors driving the growth of the global air circuit breaker market are growing renewable power generation, a rise in demand for energy storage, & decentralized power systems, and an increase in the requirement for secure and reliable power supply across the globe. In addition, a rise in investments in the development of advanced air circuit breakers that requires compressors with low air pressure is predicted to boost the market growth. Moreover, the residential segment is anticipated to witness the fastest growth during the forecast period, due to a rise in investments in residential construction. Furthermore, the support from the government and banks through a low-interest rate for buying new properties has encouraged residential construction. In addition, high investments in the infrastructure and development of smart cities are expected to augment the global air circuit breaker market growth during the forecast period.

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Regional Insights

Asia-Pacific is expected to be the market leader for air circuit breakers during the forecast period, due to the favorable government policy for generating renewable power and increasing investments in infrastructure in this region. The Middle East & Africa market is projected to grow at the fastest rate during the forecast period, due to a rise in investments in renewable energy grid infrastructure development.

Market Key Segments:

By Voltage
• Low Voltage
• Medium Voltage

By Type
• Air Blast Circuit Breaker
• Plain Air Circuit Breaker

By Application
• Industrial
• Commercial
• Residential

By Region
• North America (US, Mexico, Canada)
• Europe (Germany, the UK, France, rest of Europe)
• Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
• LAMEA

Key Market Players: ABB, WEG, IPS HYUNDAI, Open Electrical, MittricSdnBhd, Eaton, Hitachi, Schneider Electric, Mitsubishi Electric, Standard Electricals, Deepika Enterprises, Gamma, Rittal

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Key benefits of the report

• This study presents the analytical depiction of the global air circuit breaker industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global air circuit breaker market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in the coming years.

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