The North America Air Circuit Breaker Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 618.6 thousand units, showcasing a growth of 5.5% (2019-2022).
Governments and regulatory bodies have introduced stringent safety regulations mandating high-quality electrical protection devices. This has accelerated the adoption of advanced air circuit breakers that comply with safety standards. The growing reliance on renewable energy sources, such as wind and solar power, has expanded the deployment of air circuit breakers in renewable energy installations. They are essential for managing the intermittent nature of these energy sources and ensuring grid stability. The need for air circuit breakers has increased due to emerging nations' rapid urbanization and infrastructure expansion. As cities expand, reliable electrical distribution systems in commercial and residential buildings become paramount. A growing awareness of electrical safety among industries and individuals has prompted the adoption of advanced air circuit breakers. Safety features like arc fault detection and remote monitoring have become essential in modern systems.
One of the most significant trends in the market is the integration of digital technologies and IoT capabilities. Advanced air circuit breakers now offer remote monitoring and control features, allowing real-time tracking of electrical systems' health and performance. This digitalization enables predictive maintenance, reducing downtime and enhancing operational efficiency. Air circuit breakers are increasingly being incorporated into smart grid systems. They are crucial in managing and protecting various components, enhancing grid stability, and accommodating distributed energy resources.
As per the report titled 2023 Investment Climate Statements: Canada, released by the U.S. Department of State, the Canadian Net-Zero Emissions Accountability Act was established as a response to the climate problem in Canada. The law includes Canada's 2030 Emissions Reduction Plan, outlining strategies to decrease emissions to 40-45% below 2005 levels by 2030 and attain net-zero emissions by 2050. The bill also contains the government's promise to achieve net-zero greenhouse gas emissions by 2050. Canada announced USD 61 billion in tax credits for investments in clean electricity, clean tech manufacturing, carbon capture, hydrogen, and critical minerals. Therefore, increasing investment in renewable energy in North America will boost the region's demand for air circuit breakers.
The US market dominated the North America Air Circuit Breaker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $801 million by 2030. The Canada market is exhibiting a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.8% during (2023 - 2030).
Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on Type, the market is segmented into Air Blast Circuit Breaker, and Plain Air Circuit Breaker. Based on Voltage, the market is segmented into Low-Voltage, and Medium-Voltage. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Air Circuit Breaker Market is Predict to reach USD 4.5 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, Eaton Corporation PLC, Hitachi, Ltd., Fuji Electric Co. Ltd., Toshiba Corporation, ENTEC Electric & Electronic Co. Ltd, and Havells India Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
- Industrial
- Commercial
- Residential
By Type
- Air Blast Circuit Breaker
- Plain Air Circuit Breaker
By Voltage (Volume, Thousand Units, USD Billion, 2019-2030)
- Low-Voltage
- Medium-Voltage
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Eaton Corporation PLC
- Hitachi, Ltd.
- Fuji Electric Co. Ltd.
- Toshiba Corporation
- ENTEC Electric & Electronic Co. Ltd
- Havells India Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Air Circuit Breaker Market, by Application
1.4.2 North America Air Circuit Breaker Market, by Type
1.4.3 North America Air Circuit Breaker Market, by Voltage
1.4.4 North America Air Circuit Breaker Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, May) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Air Circuit Breaker Market, By Application
5.1 North America Industrial Market, By Country
5.2 North America Commercial Market, By Country
5.3 North America Residential Market, By Country
Chapter 6. North America Air Circuit Breaker Market, By Type
6.1 North America Air Blast Circuit Breaker Market, By Country
6.2 North America Plain Air Circuit Breaker Market, By Country
Chapter 7. North America Air Circuit Breaker Market, By Voltage
7.1 North America Low-Voltage Market, By Country
7.2 North America Medium-Voltage Market, By Country
Chapter 8. North America Air Circuit Breaker Market, By Country
8.1 US Air Circuit Breaker Market
8.1.1 US Air Circuit Breaker Market, By Application
8.1.2 US Air Circuit Breaker Market, By Type
8.1.3 US Air Circuit Breaker Market, By Voltage
8.2 Canada Air Circuit Breaker Market
8.2.1 Canada Air Circuit Breaker Market, By Application
8.2.2 Canada Air Circuit Breaker Market, By Type
8.2.3 Canada Air Circuit Breaker Market, By Voltage
8.3 Mexico Air Circuit Breaker Market
8.3.1 Mexico Air Circuit Breaker Market, By Application
8.3.2 Mexico Air Circuit Breaker Market, By Type
8.3.3 Mexico Air Circuit Breaker Market, By Voltage
8.4 Rest of North America Air Circuit Breaker Market
8.4.1 Rest of North America Air Circuit Breaker Market, By Application
8.4.2 Rest of North America Air Circuit Breaker Market, By Type
8.4.3 Rest of North America Air Circuit Breaker Market, By Voltage
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Schneider Electric SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Mitsubishi Electric Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Eaton Corporation PLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Geographical Expansions:
9.5.6 SWOT Analysis
9.6 Hitachi, Ltd.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Fuji Electric Co. Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Toshiba Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research and Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.6 SWOT Analysis
9.9 ENTEC Electric & Electronic Co. Ltd.
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. Havells India Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 SWOT Analysis
TABLE 1 North America Air Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 2 North America Air Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 3 North America Air Circuit Breaker Market, 2019 - 2022, Thousand Units
TABLE 4 North America Air Circuit Breaker Market, 2023 - 2030, Thousand Units
TABLE 5 Partnerships, Collaborations and Agreements– Air Circuit Breaker Market
TABLE 6 Product Launches And Product Expansions– Air Circuit Breaker Market
TABLE 7 Acquisition and Mergers– Air Circuit Breaker Market
TABLE 8 Geographical Expansions- Air Circuit Breaker Market
TABLE 9 North America Air Circuit Breaker Market, By Application, 2019 - 2022, USD Million
TABLE 10 North America Air Circuit Breaker Market, By Application, 2023 - 2030, USD Million
TABLE 11 North America Air Circuit Breaker Market, By Application, 2019 - 2022, Thousand Units
TABLE 12 North America Air Circuit Breaker Market, By Application, 2023 - 2030, Thousand Units
TABLE 13 North America Industrial Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Industrial Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Industrial Market, By Country, 2019 - 2022, Thousand Units
TABLE 16 North America Industrial Market, By Country, 2023 - 2030, Thousand Units
TABLE 17 North America Commercial Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Commercial Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Commercial Market, By Country, 2019 - 2022, Thousand Units
TABLE 20 North America Commercial Market, By Country, 2023 - 2030, Thousand Units
TABLE 21 North America Residential Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Residential Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Residential Market, By Country, 2019 - 2022, Thousand Units
TABLE 24 North America Residential Market, By Country, 2023 - 2030, Thousand Units
TABLE 25 North America Air Circuit Breaker Market, By Type, 2019 - 2022, USD Million
TABLE 26 North America Air Circuit Breaker Market, By Type, 2023 - 2030, USD Million
TABLE 27 North America Air Blast Circuit Breaker Market, By Country, 2019 - 2022, USD Million
TABLE 28 North America Air Blast Circuit Breaker Market, By Country, 2023 - 2030, USD Million
TABLE 29 North America Plain Air Circuit Breaker Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Plain Air Circuit Breaker Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Air Circuit Breaker Market, By Voltage, 2019 - 2022, USD Million
TABLE 32 North America Air Circuit Breaker Market, By Voltage, 2023 - 2030, USD Million
TABLE 33 North America Air Circuit Breaker Market, By Voltage, 2019 - 2022, Thousand Units
TABLE 34 North America Air Circuit Breaker Market, By Voltage, 2023 - 2030, Thousand Units
TABLE 35 North America Low-Voltage Market, By Country, 2019 - 2022, USD Million
TABLE 36 North America Low-Voltage Market, By Country, 2023 - 2030, USD Million
TABLE 37 North America Low-Voltage Market, By Country, 2019 - 2022, Thousand Units
TABLE 38 North America Low-Voltage Market, By Country, 2023 - 2030, Thousand Units
TABLE 39 North America Medium-Voltage Market, By Country, 2019 - 2022, USD Million
TABLE 40 North America Medium-Voltage Market, By Country, 2023 - 2030, USD Million
TABLE 41 North America Medium-Voltage Market, By Country, 2019 - 2022, Thousand Units
TABLE 42 North America Medium-Voltage Market, By Country, 2023 - 2030, Thousand Units
TABLE 43 North America Air Circuit Breaker Market, By Country, 2019 - 2022, USD Million
TABLE 44 North America Air Circuit Breaker Market, By Country, 2023 - 2030, USD Million
TABLE 45 North America Air Circuit Breaker Market, By Country, 2019 - 2022, Thousand Units
TABLE 46 North America Air Circuit Breaker Market, By Country, 2023 - 2030, Thousand Units
TABLE 47 US Air Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 48 US Air Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 49 US Air Circuit Breaker Market, 2019 - 2022, Thousand Units
TABLE 50 US Air Circuit Breaker Market, 2023 - 2030, Thousand Units
TABLE 51 US Air Circuit Breaker Market, By Application, 2019 - 2022, USD Million
TABLE 52 US Air Circuit Breaker Market, By Application, 2023 - 2030, USD Million
TABLE 53 US Air Circuit Breaker Market, By Application, 2019 - 2022, Thousand Units
TABLE 54 US Air Circuit Breaker Market, By Application, 2023 - 2030, Thousand Units
TABLE 55 US Air Circuit Breaker Market, By Type, 2019 - 2022, USD Million
TABLE 56 US Air Circuit Breaker Market, By Type, 2023 - 2030, USD Million
TABLE 57 US Air Circuit Breaker Market, By Voltage, 2019 - 2022, USD Million
TABLE 58 US Air Circuit Breaker Market, By Voltage, 2023 - 2030, USD Million
TABLE 59 US Air Circuit Breaker Market, By Voltage, 2019 - 2022, Thousand Units
TABLE 60 US Air Circuit Breaker Market, By Voltage, 2023 - 2030, Thousand Units
TABLE 61 Canada Air Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 62 Canada Air Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 63 Canada Air Circuit Breaker Market, 2019 - 2022, Thousand Units
TABLE 64 Canada Air Circuit Breaker Market, 2023 - 2030, Thousand Units
TABLE 65 Canada Air Circuit Breaker Market, By Application, 2019 - 2022, USD Million
TABLE 66 Canada Air Circuit Breaker Market, By Application, 2023 - 2030, USD Million
TABLE 67 Canada Air Circuit Breaker Market, By Application, 2019 - 2022, Thousand Units
TABLE 68 Canada Air Circuit Breaker Market, By Application, 2023 - 2030, Thousand Units
TABLE 69 Canada Air Circuit Breaker Market, By Type, 2019 - 2022, USD Million
TABLE 70 Canada Air Circuit Breaker Market, By Type, 2023 - 2030, USD Million
TABLE 71 Canada Air Circuit Breaker Market, By Voltage, 2019 - 2022, USD Million
TABLE 72 Canada Air Circuit Breaker Market, By Voltage, 2023 - 2030, USD Million
TABLE 73 Canada Air Circuit Breaker Market, By Voltage, 2019 - 2022, Thousand Units
TABLE 74 Canada Air Circuit Breaker Market, By Voltage, 2023 - 2030, Thousand Units
TABLE 75 Mexico Air Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 76 Mexico Air Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 77 Mexico Air Circuit Breaker Market, 2019 - 2022, Thousand Units
TABLE 78 Mexico Air Circuit Breaker Market, 2023 - 2030, Thousand Units
TABLE 79 Mexico Air Circuit Breaker Market, By Application, 2019 - 2022, USD Million
TABLE 80 Mexico Air Circuit Breaker Market, By Application, 2023 - 2030, USD Million
TABLE 81 Mexico Air Circuit Breaker Market, By Application, 2019 - 2022, Thousand Units
TABLE 82 Mexico Air Circuit Breaker Market, By Application, 2023 - 2030, Thousand Units
TABLE 83 Mexico Air Circuit Breaker Market, By Type, 2019 - 2022, USD Million
TABLE 84 Mexico Air Circuit Breaker Market, By Type, 2023 - 2030, USD Million
TABLE 85 Mexico Air Circuit Breaker Market, By Voltage, 2019 - 2022, USD Million
TABLE 86 Mexico Air Circuit Breaker Market, By Voltage, 2023 - 2030, USD Million
TABLE 87 Mexico Air Circuit Breaker Market, By Voltage, 2019 - 2022, Thousand Units
TABLE 88 Mexico Air Circuit Breaker Market, By Voltage, 2023 - 2030, Thousand Units
TABLE 89 Rest of North America Air Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 90 Rest of North America Air Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 91 Rest of North America Air Circuit Breaker Market, 2019 - 2022, Thousand Units
TABLE 92 Rest of North America Air Circuit Breaker Market, 2023 - 2030, Thousand Units
TABLE 93 Rest of North America Air Circuit Breaker Market, By Application, 2019 - 2022, USD Million
TABLE 94 Rest of North America Air Circuit Breaker Market, By Application, 2023 - 2030, USD Million
TABLE 95 Rest of North America Air Circuit Breaker Market, By Application, 2019 - 2022, Thousand Units
TABLE 96 Rest of North America Air Circuit Breaker Market, By Application, 2023 - 2030, Thousand Units
TABLE 97 Rest of North America Air Circuit Breaker Market, By Type, 2019 - 2022, USD Million
TABLE 98 Rest of North America Air Circuit Breaker Market, By Type, 2023 - 2030, USD Million
TABLE 99 Rest of North America Air Circuit Breaker Market, By Voltage, 2019 - 2022, USD Million
TABLE 100 Rest of North America Air Circuit Breaker Market, By Voltage, 2023 - 2030, USD Million
TABLE 101 Rest of North America Air Circuit Breaker Market, By Voltage, 2019 - 2022, Thousand Units
TABLE 102 Rest of North America Air Circuit Breaker Market, By Voltage, 2023 - 2030, Thousand Units
TABLE 103 Key Information – ABB Group
TABLE 104 Key Information – Schneider Electric SE
TABLE 105 Key Information – Siemens AG
TABLE 106 Key Information – Mitsubishi Electric Corporation
TABLE 107 Key Information – Eaton Corporation PLC
TABLE 108 Key Information – Hitachi, Ltd.
TABLE 109 Key Information – Fuji Electric Co., Ltd.
TABLE 110 Key Information – Toshiba Corporation
TABLE 111 Key Information – ENTEC ELECTRIC & ELECTRONIC Co. Ltd
TABLE 112 Key Information – Havells India Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Air Circuit Breaker Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting air circuit breaker market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, May) Leading Players
FIG 8 Porter’s Five Forces Analysis – Air Circuit Breaker Market
FIG 9 North America Air Circuit Breaker Market share, By Application, 2022
FIG 10 North America Air Circuit Breaker Market share, By Application, 2030
FIG 11 North America Air Circuit Breaker Market, By Application, 2019 - 2030, USD Million
FIG 12 North America Air Circuit Breaker Market share, By Type, 2022
FIG 13 North America Air Circuit Breaker Market share, By Type, 2030
FIG 14 North America Air Circuit Breaker Market, By Type, 2019 - 2030, USD Million
FIG 15 North America Air Circuit Breaker Market share, By Voltage, 2022
FIG 16 North America Air Circuit Breaker Market share, By Voltage, 2030
FIG 17 North America Air Circuit Breaker Market, By Voltage, 2019 - 2030, USD Million
FIG 18 North America Air Circuit Breaker Market share, By Country, 2022
FIG 19 North America Air Circuit Breaker Market share, By Country, 2030
FIG 20 North America Air Circuit Breaker Market, By Country, 2019 - 2030, USD Million
FIG 21 Recent strategies and developments: ABB Group
FIG 22 SWOT Analysis: ABB Group
FIG 23 Recent strategies and developments: Schneider Electric SE
FIG 24 SWOT Analysis: Schneider Electric SE
FIG 25 Recent strategies and developments: Siemens AG
FIG 26 SWOT Analysis: Siemens AG
FIG 27 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 28 SWOT Analysis: Mitsubishi Electric Corporation
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: Hitachi, Ltd.
FIG 31 SWOT Analysis: Fuji Electric Co., Ltd.
FIG 32 SWOT Analysis: Toshiba Corporation
FIG 33 SWOT Analysis: ENTEC Electric & Electronic Co. Ltd
FIG 34 SWOT Analysis: Havells India Ltd.