openPR Logo
Press release

Air Circuit Breaker Market worth $4.1 Billion by 2028

10-09-2023 08:49 AM CET | Energy & Environment

Press release from: MarketsandMarkets

The global Air Circuit Breaker Market is expected to reach USD 4.1 billion by 2028 from USD 3.2 billion in 2023 at a CAGR of 5.0% during the 2023-2028 period according to a new report by MarketsandMarkets™. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure. Furthermore, the increasing demand for dependable transmission and distribution (T&D) networks offers lucrative growth prospects for the Air Circuit Breaker Market.

Browse in-depth TOC on "Air Circuit Breaker Market"
230 - Tables
40 - Figures
208 - Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84462231

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors. This necessitates more robust electrical infrastructure capable of handling power distribution, making air circuit breakers the preferred choice due to their capacity to manage higher currents and provide essential short-circuit protection. Furthermore, air circuit breakers are versatile, effectively safeguarding critical assets from electrical faults and overloads, ensuring uninterrupted industrial operations. Moreover, stringent safety regulations in industrial settings mandate high breaking capacity and reliability in interrupting fault currents, qualities for which air circuit breakers are well-known, enabling industries to comply with safety standards effectively.

By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.

The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits. Particularly well-suited for high voltage applications like substations and transmission networks, air blast circuit breakers are in high demand as electricity needs continue to surge, especially in urban and industrial areas. Their integration into smart grid systems is increasingly crucial, as these circuit breakers can be enhanced with sensors and monitoring devices, enabling real-time data collection and remote control. This integration is pivotal for optimizing grid performance, enhancing reliability, and minimizing downtime.

By voltage, the low voltage segment is expected to be the largest contributor during the forecast period.

The dominance of the low-voltage segment in the Air Circuit Breaker Industry can be attributed to its extensive applicability across residential, commercial, and industrial sectors. Low-voltage air circuit breakers play a crucial role in safeguarding electrical systems from overloads and short circuits in buildings, especially as the construction industry experiences growth. Moreover, their usage in industrial machinery ensures the protection of vital equipment and aligns with the expanding industrial sector's automation needs. Additionally, these circuit breakers are integral to maintaining electrical safety and reliability in growing infrastructure development projects, including transportation systems, commercial complexes, and data centers, solidifying their position as a cornerstone of electrical protection across diverse settings.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=84462231

Asia Pacific is expected to be the largest and fastest-growing market during the forecast period.

Asia Pacific's status as the largest market for air circuit breakers is driven by a confluence of factors. The region is witnessing significant urbanization and industrialization, spurring a heightened demand for electricity. To meet this demand, robust electrical infrastructure is essential, and air circuit breakers are pivotal in ensuring reliable power distribution and protection. Additionally, the diverse industrial landscape in Asia Pacific relies heavily on electricity, particularly in sectors like manufacturing and heavy machinery, making air circuit breakers a preferred choice due to their capacity to handle high currents. Governments across the region are investing substantially in infrastructure development, including modernizing electrical grids with advanced circuit protection devices like air circuit breakers. Energy efficiency is also a focal point, with air circuit breakers offering high breaking capacity to reduce energy losses during faults. Furthermore, the rising adoption of smart grids in Asia Pacific underscores the importance of air circuit breakers, which can be equipped with sensors and remote monitoring capabilities to enhance grid reliability and efficiency, aligning with the region's progressive initiatives.

Key Market Players:

The key players in the Air Circuit Breaker Companies are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), and Eaton (Ireland).

Content Source: https://www.marketsandmarkets.com/PressReleases/air-circuit-breaker.asp

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Air Circuit Breaker Market worth $4.1 Billion by 2028 here

News-ID: 3240119 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Air

Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry
Air Medical Services Market 2019 Development Status - EMS 24-7, Air Methods, PHI …
Global Air Medical Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024 offers a stronger and effective business outlook. The report deals with a complete overview of Air Medical Services market which comprises definitions, a wide range of statements and an entire chain structure. The report delivers an in-depth analysis of different attributes of industries such as trends, developments, policies, and clients operating in different regions. The
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft. Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North