Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global AC Circuit Breaker Market size is expected to reach $5.7 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
The Air segment has shown a high growth rate of 6% during (2023 - 2030). To safeguard electric circuits against overcurrent and short circuits, an air AC circuit breaker is utilized. They are frequently used in locations where the average operating current can reach several hundred amperes. Due to the air ionization near the terminals, an electric arc forms when circuits operating at high currents are disconnected. The circuit and the active terminals are both damaged by this arc formation.
The High segment is generating the highest revenue share in the Global AC Circuit Breaker Market by Voltage in 2022, thereby achieving a market value of $2.5 billion by 2030. For high-voltage circuits that demand dependable switching operations, AC circuit breakers are essential. Transmission & distribution infrastructure upgrades are becoming more necessary as the nations’ system becomes more electrified and includes more renewable energy sources. These AC circuit breakers are produced using a modular design with the same interrupter units, operating principles, and control components for all varieties.
The Indoor segment is anticipated to grow at a CAGR of 6.7% during (2023 - 2030). In terms of electrical safety, equipment protection, and dependable power distribution, circuit breakers are very advantageous for indoor applications. They are a crucial part of electrical systems because of their capacity to identify overcurrent and short circuits and react accordingly. They aid in avoiding overloads that can harm electronics or start fires. They shield the wiring and the attached equipment from overheating and damage by swiftly terminating the circuit.
The Transmission & Distribution Utilities segment acquired the maximum revenue share in the Global AC Circuit Breaker Market by End User in 2022, thereby achieving a market value of $2.2 billion by 2030. Investments in T&D infrastructure have increased as a result of the rise in demand for electric power. Filtering, evaluating, and reacting to the data is crucial since the modern sub-station is a data hub. Because traditional equipment has low operational efficiency, businesses are now concentrating on integrating strategies for smart utilities, which could enhance protection by reducing energy losses.
The Asia Pacific region dominated the Global AC Circuit Breaker Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.2 billion by 2030. The North America market is registering a CAGR of 5% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 4.8% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Ltd., Eaton Corporation PLC, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Powell Industries, Inc., Toshiba Corporation, and Alstom SA.
By Insulation Type
By End User
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