Air Circuit Breaker Market

Air Circuit Breaker Market by Voltage (Low Voltage, and Medium Voltage), Type (Air Blast Circuit Breaker, and Plain Air Circuit Breaker), Application (Industrial, Commercial, and Residential), and Region - Global Forecast to 2024

Report Code: EP 7458 Dec, 2019, by marketsandmarkets.com

[178 Pages Report] 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 growth is attributed to the increasing power generation from renewable energy sources and rising demand for reliable & secure power supply.

Air Circuit Breaker Market

The air blast circuit breaker segment is expected to be the largest contributor to the market, by type, during the forecast period

The market is segmented by type into plain air circuit breakers, and air blast circuit breakers. The air blast circuit breaker segment accounted for the largest air circuit breaker market share in 2018, driven by demand from Asia Pacific.

The residential application is expected to be the fastest-growing market during the forecast period

The air circuit breaker market, by application, is segmented based on the end-users it caters. The industrial segment was the largest market and is projected to maintain its position owing to the increasing demand for air circuit breakers from the manufacturing and process industries. However, in the future, the residential segment will compete with the industrial sector, due to the rise in the number of residential projects.

The low voltage segment is expected to be the largest contributor to the air circuit breaker market, by voltage, during the forecast period

The market has been categorized based on voltage segment into low and medium voltage. The low voltage segment comprises the largest share as it is utilized in end-use industries, such as power plants, industrial equipment, manufacturing industries, and distribution utilities, which mainly uses air circuit breakers. Thus, the market for low voltage constitutes the largest segment of the air circuit breaker market.

Air Circuit Breaker Market

Asia Pacific is expected to be the largest market during the forecast period

In this report, the air circuit breaker market study has been conducted for five regions, viz., North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Asia Pacific led the air circuit breaker industry, with the largest revenue share in 2018, and this trend is projected to continue until 2024. The market in North America will also play an important role in driving demand for air circuit breakers.

Key Market Players

The major players in the air circuit breaker market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), and Schneider Electric (France), among others.

ABB (Switzerland) is a key player in this segment. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in July 2017, the company signed an agreement with Svenska Kraftnät and Energinet. Under the agreement, ABB upgraded the control and protection system for the Konti-Skan HVDC transmission link with its latest Ability Nodular Advanced Control for HVDC (MACH) technology.

Another major player in the market is Siemens (Germany). The company opts for a new product launch as its organic business strategy for increasing its clientele base globally. For instance, in November 2017, the company launched a compact size circuit breaker named 3WL10, which can manage rated currents up to 1,250 A. With this new product launch, Siemens now offers circuit breakers for almost all applications in four sizes and five performance classes from 630 to 6,300 A.

Scope of Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Voltage, Type, Application, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Mitsubishi Electric (Japan), Schneider Electric (France)

This research report categorizes the Air Circuit Breaker market by voltage, type, application, and region.

By Voltage:

  • Low Voltage
  • Medium Voltage

By Type:

  • Air Blast Circuit Breaker
  • Plain Air Circuit Breaker

By Application:

  • Industrial
  • Commercial
  • Residential

By Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In March 2018, ABB won a contract to supply and replace control and protection systems for two vital High-Voltage Direct Current (HVDC) transmission lines in Australia. The lines are called Directlink and Murraylink.
  • In April 2018, Larsen & Toubro was awarded a contract from Brihanmumbai Electric Supply & Transport Undertaking and New Delhi Municipal Council. Under the contract, Larsen & Toubro supplied its air circuit breakers under its project strengthening of sub-transmission and distribution networks under the Integrated Power Development Scheme (IPDS).
  • In February 2018, Mitsubishi Electric Corporation completed the construction of an integrated-automation factory for the production of vacuum interrupters and circuit breakers at its Power Distribution Systems Center in Marugame, Japan.

Key Questions Addressed by the Report

  • What are the industry trends that will be seen over the next five years?
  • Which of the air circuit breaker market elements will lead by 2024?
  • Which of the application segment will have the maximum opportunity to grow during the forecast period?
  • Which will be the leading region with the highest market share by 2024?
  • How are companies implementing organic and strategies to gain increased market share?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table Of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
    4.1. Attractive Opportunities in the Air Circuit Breaker Market
    4.2. Air Circuit Breaker Market, By Region
    4.3. Air Circuit Breaker Market, By Voltage
    4.4. Air Circuit Breaker Market, By Type
    4.5. Air Circuit Breaker Market, By Application

5 Market Overview
    5.1. Introduction
    5.2. Market Dynamics
           5.2.1. Drivers
           5.2.2. Restraints
           5.2.3. Opportunities
           5.2.4. Challenges

6 Air Circuit Breaker Market, By Voltage
    6.1. Introduction
    6.2. Low Voltage (<1 Kv)
    6.3. Medium Voltage (1-15 Kv)

7 Air Circuit Breaker Market, By Type
    7.1. Introduction 
    7.2. Air Blast Circuit Breaker
    7.3. Plain Air Circuit Breaker

8 Air Circuit Breaker Market, By Application
    8.1. Introduction 
    8.2. Industrial
    8.3. Commercial
    8.4. Residential

9 Air Circuit Breaker Market, By Region   
(USD Million - 2017, 2018, 2019-E, 2024-P)       
    9.1 Introduction
    9.2 North America
           9.2.1 By Voltage
           9.2.2 By Type
           9.2.3 By Application
           9.2.4 By Country
                    9.2.4.1 US
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 Europe
           9.3.1 By Voltage
           9.3.2 By Type
           9.3.3 By Application
           9.3.4 By Country
                    9.3.4.1 Germany
                    9.3.4.2 UK
                    9.3.4.3 France
                    9.3.4.4 Italy
                    9.3.4.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 By Voltage
           9.4.2 By Type
           9.4.3 By Application
           9.4.4 By Country
                    9.4.4.1 China
                    9.4.4.2 Japan
                    9.4.4.3 India
                    9.4.4.4 South Korea
                    9.4.4.5 Rest of Asia Pacific
    9.5 South America
           9.5.1 By Voltage
           9.5.2 By Type
           9.5.3 By Application
           9.5.4 By Country
                    9.5.4.1 Brazil
                    9.5.4.2 Chile
                    9.5.4.3 Argentina
                    9.5.4.4 Rest of South America
    9.6 Middle East & Africa
           9.6.1 By Voltage
           9.6.2 By Type
           9.6.3 By Application
           9.6.4 By Country
                    9.6.4.1 UAE
                    9.6.4.2 Saudi Arabia
                    9.6.4.3 Qatar
                    9.6.4.4 South Africa
                    9.6.4.5 Rest of Middle East & Africa

10 Competitive Landscape
    10.1 Overview 
    10.2 Market Share, 2018
    10.3 Competitive Landscape Mapping, 2018
    10.4 Competitive Scenario 
           10.4.1 New Product Developments
           10.4.2 Investments & Expansions
           10.4.3 Contracts & Agreements
           10.4.4 Mergers & Acquisitions
           10.4.5 Joint Venture/Partnerships/Collobarations/Strategic Alliance
           10.4.6 Others        

11 Company Profiles
     11.1 Introduction
     11.2 ABB
     11.3 WEG Industries
     11.4 Hyundai Electric
     11.5 Eaton
     11.6 Hitachi
     11.7 Schneider Electric
     11.8 Mitshubishi Electric
     11.9 Siemens
     11.10 Larsen & Toubro
     11.11 Fuji Electric
     11.12 Benergy
     11.13 Resa Power
     11.14 CG Power and Industrial Solutions
     11.15 Legrand
     11.16 Energypac
     11.17 Romac Electrical Power Equipment
     11.18 Havells
     11.19 Federal Electric
     11.20 LS Industrial Systems
     11.21 C&S Electric

12 Appendix
     12.1 Insights of Industry Experts  
     12.2 Discussion Guide  
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal   
     12.4 Available Customisation  
     12.5 Releated Report  
     12.6 Author Details 

This study involved four major activities in estimating the current size of the air circuit breaker market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as Power data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and offshore decommissioning journal to identify and collect information useful for a technical, market-oriented, and commercial study of the air circuit breaker market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The air circuit breaker market comprises several stakeholders such as companies related to the industry, consulting companies in the power sector, power companies, government & research organizations, organizations, forums, alliances & associations, air circuit breaker service providers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by the air circuit breaker expenditure across regions, investments by key power companies, and maturing of the renewable energy sector. Moreover, the demand is also driven by a change in rules and regulations, and active participation from environmental bodies have pushed the air circuit breaker market. The supply side is characterized by the contracts & agreements, new product launches, investments and expansions, and partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Air Circuit Breaker Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global air circuit breaker market and its dependent submarkets. These methods were also extensively used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the air circuit breaker activities.

Report Objectives

  • To define, describe, and forecast the global air circuit breaker market by type, voltage, application, and region, in terms of value
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the air circuit breaker market
  • To strategically analyze the air circuit breaker market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product launches, and partnerships & collaborations in the air circuit breaker market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
EP 7458
Published ON
Dec, 2019
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