The Asia Pacific AC MCB Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
Alternating current has the primary benefit that its voltage can be changed relatively easily with a transformer, allowing power to be transported at extremely high voltages before being lowered to safer voltage levels for residential and commercial usage. Thus, energy losses are reduced. Therefore, the reduced losses are essential for meeting the power efficiency goals of many nations. Investments related to efficiency are anticipated to increase by another 50% under the presently anticipated and declared policies.
Alternating current is used by most things that have a direct link to the electrical grid (like big factory dynamos), and electrical outlets in buildings and homes also provide it. Due to its numerous obvious advantages over direct current, AC is the preferred current. The surge in energy demand, the rise in the necessity for dependable power delivery, the expansion of infrastructure projects, and other factors are projected to contribute to the growth of the market in the coming years. The demand for electricity is anticipated to expand at a comparable rate until 2023.
The region's changing environment has fueled the need for HVAC systems in the institutional, real estate, commercial, etc., sectors. Demand for environmentally friendly HVAC systems is also increased by the increase in infrastructure and building construction. For this reason, HVAC producers are investing in growth to meet the demand. For instance, 26 businesses are investing 3898 Crore in manufacturing AC conditioner components in India through the PLI Scheme, as the Ministry of Commerce & Industry of India reported. AC MCBs are also utilized in other places, such as metros, business districts, bullet trains, information technology centers, and others, where a steady and dependable energy supply is necessary. Hence, the region presents lucrative growth prospects for expanding the market.
The China market dominated the Asia Pacific AC MCB Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $347.6 million by 2030. The Japan market is experiencing a CAGR of 5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.3% during (2023 - 2030).
Based on Type, the market is segmented into Type D, Type C, and Type B. Based on End User, the market is segmented into Utilities, Industrial, Commercial, and Residential. Based on Voltage, the market is segmented into Medium, High, and Low. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide AC MCB Market is Projected to reach USD 3.2 Billion by 2030, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Group, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Legrand Group, Fuji Electric Co., Ltd., ALTECH Co., Ltd., and Zhejiang Sentai Electric Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Voltage
By End Use
- Utilities
- Industrial
- Commercial
- Residential
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Eaton Corporation PLC
- ABB Group
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Legrand Group
- Fuji Electric Co., Ltd.
- ALTECH Co., Ltd.
- Zhejiang Sentai Electric Co., Ltd
TABLE 1 Asia Pacific AC MCB Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific AC MCB Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Type D Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Type D Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Type C Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Type C Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Type B Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Type B Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 12 Asia Pacific AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Medium Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Medium Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific High Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific High Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Low Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Low Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 20 Asia Pacific AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Utilities Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Utilities Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Commercial Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Residential Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific AC MCB Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific AC MCB Market by Country, 2023 - 2030, USD Million
TABLE 31 China AC MCB Market, 2019 - 2022, USD Million
TABLE 32 China AC MCB Market, 2023 - 2030, USD Million
TABLE 33 China AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 34 China AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 35 China AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 36 China AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 37 China AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 38 China AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 39 Japan AC MCB Market, 2019 - 2022, USD Million
TABLE 40 Japan AC MCB Market, 2023 - 2030, USD Million
TABLE 41 Japan AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 42 Japan AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 43 Japan AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 44 Japan AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 45 Japan AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 46 Japan AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 47 India AC MCB Market, 2019 - 2022, USD Million
TABLE 48 India AC MCB Market, 2023 - 2030, USD Million
TABLE 49 India AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 50 India AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 51 India AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 52 India AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 53 India AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 54 India AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 55 South Korea AC MCB Market, 2019 - 2022, USD Million
TABLE 56 South Korea AC MCB Market, 2023 - 2030, USD Million
TABLE 57 South Korea AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 58 South Korea AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 59 South Korea AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 60 South Korea AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 61 South Korea AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 62 South Korea AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 63 Singapore AC MCB Market, 2019 - 2022, USD Million
TABLE 64 Singapore AC MCB Market, 2023 - 2030, USD Million
TABLE 65 Singapore AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 66 Singapore AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 67 Singapore AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 68 Singapore AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 69 Singapore AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 70 Singapore AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 71 Malaysia AC MCB Market, 2019 - 2022, USD Million
TABLE 72 Malaysia AC MCB Market, 2023 - 2030, USD Million
TABLE 73 Malaysia AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 74 Malaysia AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 75 Malaysia AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 76 Malaysia AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 77 Malaysia AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 78 Malaysia AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific AC MCB Market, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific AC MCB Market, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 87 key information – Eaton Corporation PLC
TABLE 88 Key Information – ABB Group
TABLE 89 Key Information – Siemens AG
TABLE 90 Key information – Schneider Electric SE
TABLE 91 KEY INFORMATION – General Electric Company
TABLE 92 key information – Mitsubishi Electric Corporation
TABLE 93 key Information – Legrand Group
TABLE 94 Key Information – Fuji Electric Co., Ltd.
TABLE 95 Key Information – ALTECH Co., Ltd.
TABLE 96 Key Information – Zhejiang Sentai Electric CO., LTD
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific AC MCB Market share by Type, 2022
FIG 3 Asia Pacific AC MCB Market share by Type, 2030
FIG 4 Asia Pacific AC MCB Market by Type, 2019 - 2030, USD Million
FIG 5 Asia Pacific AC MCB Market share by Voltage, 2022
FIG 6 Asia Pacific AC MCB Market share by Voltage, 2030
FIG 7 Asia Pacific AC MCB Market by Voltage, 2019 - 2030, USD Million
FIG 8 Asia Pacific AC MCB Market share by End Use, 2022
FIG 9 Asia Pacific AC MCB Market share by End Use, 2030
FIG 10 Asia Pacific AC MCB Market by End Use, 2019 - 2030, USD Million
FIG 11 Asia Pacific AC MCB Market share by Country, 2022
FIG 12 Asia Pacific AC MCB Market share by Country, 2030
FIG 13 Asia Pacific AC MCB Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Eaton Corporation
FIG 15 SWOT Analysis: Eaton Corporation PLC
FIG 16 SWOT Analysis: ABB Group
FIG 17 Swot analysis: Siemens AG
FIG 18 Swot analysis: Schneider Electric SE
FIG 19 Swot analysis: General electric (GE) Co.
FIG 20 SWOT Analysis: Mitsubishi Electric Corporation