The Europe AC Circuit Breaker Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).
The market has grown due to the increased focus on energy efficiency and incorporating energy from renewable sources into the electrical grid. Circuit breakers are critical to the electrical grid's stability and protection against overloads and disruptions as it becomes increasingly complicated. In most areas, renewable energy-based electricity is currently the most affordable choice. Renewable energy sources already account for most current investments and are the standard choice for capacity expansions in the power sector in practically all nations.
As a result of technical improvement, advanced AC circuit breakers now have better characteristics, including fault detection, self-diagnosis, and remote monitoring capabilities. These developments boost electrical systems' effectiveness and safety, further fostering market expansion. The increasing construction of smart cities also aids in increasing the demand for electricity. Smart cities have advanced levels of general infrastructure, communications, transportation, and market viability. Enhanced energy efficiency, a strong transit network, smart grids, smart water management, and cutting-edge medical and educational facilities are some features of smart cities.
Europe has also developed greatly due to increased grid expansion expenditures and complex electrical distribution infrastructure. Germany, the UK, and France are three essential countries that provide considerable contributions to the European market. Due to growing smart grid investments and robust integrated transmission and distribution (T&D) automation assets, the technology is also rapidly advancing in countries like Spain, Italy, and Denmark. Market players with a significant impact on Europe include Siemens and Schneider Electric. The metering industry has developed quickly since switching from automated meter reading (AMR) to smart metering using bi-directional communication, providing more substantial benefits for energy distribution businesses, customers, and society.
In an effort to upgrade the electrical grid and cut T&D losses, governments across Europe are investing in advanced metering infrastructure. Nearly 225 million smart meters for electricity and 51 million for gas will be installed in the EU by 2024. This might involve an investment of €47 billion. By 2024, smart power meters will be used by about 77% of European consumers while about 44% will use a gas one. Additionally, for a potential investment of €45 billion, the Member States of the European Commission committed to installing over 200 million smart electricity meters and 45 million smart gas meters by 2020. Therefore, throughout the projection period, all of these variables will contribute to the regional market's expansion.
The Germany market dominated the Europe AC Circuit Breaker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $350.1 million by 2030. The UK market is showcasing a CAGR of 3.9% during (2023 - 2030). Additionally, The France market is anticipated to grow at a CAGR of 5.5% during (2023 - 2030).
Based on Insulation Type, the market is segmented into Gas, Vacuum, Air, and Oil. Based on Voltage, the market is segmented into High, Medium, and Very High. Based on Installation, the market is segmented into Outdoor and Indoor. Based on End User, the market is segmented into Transmission & Distribution Utilities, Power Generation, Industrial and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide AC Circuit Breaker Market is Projected to reach USD 5.7 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Insulation Type
By Voltage
By Installation
By End User
- Transmission & Distribution Utilities
- Power Generation
- Industrial
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Ltd.
- Eaton Corporation PLC
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Powell Industries, Inc.
- Toshiba Corporation
- Alstom SA
TABLE 1 Europe AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 2 Europe AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AC Circuit Breaker Market
TABLE 4 Product Launches And Product Expansions– AC Circuit Breaker Market
TABLE 5 Acquisition and Mergers– AC Circuit Breaker Market
TABLE 6 Europe AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 7 Europe AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 8 Europe Gas Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Gas Market by Country, 2023 - 2030, USD Million
TABLE 10 Europe Vacuum Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Vacuum Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Air Market by Country, 2019 - 2022, USD Million
TABLE 13 Europe Air Market by Country, 2023 - 2030, USD Million
TABLE 14 Europe Oil Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Oil Market by Country, 2023 - 2030, USD Million
TABLE 16 Europe AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 17 Europe AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 18 Europe High Market by Country, 2019 - 2022, USD Million
TABLE 19 Europe High Market by Country, 2023 - 2030, USD Million
TABLE 20 Europe Medium Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Medium Market by Country, 2023 - 2030, USD Million
TABLE 22 Europe Very High Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Very High Market by Country, 2023 - 2030, USD Million
TABLE 24 Europe AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 25 Europe AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 26 Europe Outdoor Market by Country, 2019 - 2022, USD Million
TABLE 27 Europe Outdoor Market by Country, 2023 - 2030, USD Million
TABLE 28 Europe Indoor Market by Country, 2019 - 2022, USD Million
TABLE 29 Europe Indoor Market by Country, 2023 - 2030, USD Million
TABLE 30 Europe AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 31 Europe AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 32 Europe Transmission & Distribution Utilities Market by Country, 2019 - 2022, USD Million
TABLE 33 Europe Transmission & Distribution Utilities Market by Country, 2023 - 2030, USD Million
TABLE 34 Europe Power Generation Market by Country, 2019 - 2022, USD Million
TABLE 35 Europe Power Generation Market by Country, 2023 - 2030, USD Million
TABLE 36 Europe Industrial Market by Country, 2019 - 2022, USD Million
TABLE 37 Europe Industrial Market by Country, 2023 - 2030, USD Million
TABLE 38 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 39 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 40 Europe AC Circuit Breaker Market by Country, 2019 - 2022, USD Million
TABLE 41 Europe AC Circuit Breaker Market by Country, 2023 - 2030, USD Million
TABLE 42 Germany AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 43 Germany AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 44 Germany AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 45 Germany AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 46 Germany AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 47 Germany AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 48 Germany AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 49 Germany AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 50 Germany AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 51 Germany AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 52 UK AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 53 UK AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 54 UK AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 55 UK AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 56 UK AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 57 UK AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 58 UK AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 59 UK AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 60 UK AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 61 UK AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 62 France AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 63 France AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 64 France AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 65 France AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 66 France AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 67 France AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 68 France AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 69 France AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 70 France AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 71 France AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 72 Russia AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 73 Russia AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 74 Russia AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 75 Russia AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 76 Russia AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 77 Russia AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 78 Russia AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 79 Russia AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 80 Russia AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 81 Russia AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 82 Spain AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 83 Spain AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 84 Spain AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 85 Spain AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 86 Spain AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 87 Spain AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 88 Spain AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 89 Spain AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 90 Spain AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 91 Spain AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 92 Italy AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 93 Italy AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 94 Italy AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 95 Italy AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 96 Italy AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 97 Italy AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 98 Italy AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 99 Italy AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 100 Italy AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 101 Italy AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 102 Rest of Europe AC Circuit Breaker Market, 2019 - 2022, USD Million
TABLE 103 Rest of Europe AC Circuit Breaker Market, 2023 - 2030, USD Million
TABLE 104 Rest of Europe AC Circuit Breaker Market by Insulation Type, 2019 - 2022, USD Million
TABLE 105 Rest of Europe AC Circuit Breaker Market by Insulation Type, 2023 - 2030, USD Million
TABLE 106 Rest of Europe AC Circuit Breaker Market by Voltage, 2019 - 2022, USD Million
TABLE 107 Rest of Europe AC Circuit Breaker Market by Voltage, 2023 - 2030, USD Million
TABLE 108 Rest of Europe AC Circuit Breaker Market by Installation, 2019 - 2022, USD Million
TABLE 109 Rest of Europe AC Circuit Breaker Market by Installation, 2023 - 2030, USD Million
TABLE 110 Rest of Europe AC Circuit Breaker Market by End User, 2019 - 2022, USD Million
TABLE 111 Rest of Europe AC Circuit Breaker Market by End User, 2023 - 2030, USD Million
TABLE 112 Key Information – ABB Ltd.
TABLE 113 Key Information – Eaton Corporation PLC
TABLE 114 Key Information – Siemens AG
TABLE 115 Key Information – Schneider Electric SE
TABLE 116 Key Information – General Electric Company
TABLE 117 key Information – Mitsubishi Electric Corporation
TABLE 118 Key Information – Rockwell Automation, Inc.
TABLE 119 Key Information – Powell Industries, Inc.
TABLE 120 Key Information – Toshiba Corporation
TABLE 121 Key Information – aLSTOM SA
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe AC Circuit Breaker Market, 2019 – 2030, USD Million
FIG 3 Key Factors Impacting AC 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 Porter’s Five Forces Analysis - AC Circuit Breaker Market
FIG 8 Europe AC Circuit Breaker Market share by Insulation Type, 2022
FIG 9 Europe AC Circuit Breaker Market share by Insulation Type, 2030
FIG 10 Europe AC Circuit Breaker Market by Insulation Type, 2019 - 2030, USD Million
FIG 11 Europe AC Circuit Breaker Market share by Voltage, 2022
FIG 12 Europe AC Circuit Breaker Market share by Voltage, 2030
FIG 13 Europe AC Circuit Breaker Market by Voltage, 2019 - 2030, USD Million
FIG 14 Europe AC Circuit Breaker Market share by Installation, 2022
FIG 15 Europe AC Circuit Breaker Market share by Installation, 2030
FIG 16 Europe AC Circuit Breaker Market by Installation, 2019 - 2030, USD Million
FIG 17 Europe AC Circuit Breaker Market share by End User, 2022
FIG 18 Europe AC Circuit Breaker Market share by End User, 2030
FIG 19 Europe AC Circuit Breaker Market by End User, 2019 - 2030, USD Million
FIG 20 Europe AC Circuit Breaker Market share by Country, 2022
FIG 21 Europe AC Circuit Breaker Market share by Country, 2030
FIG 22 Europe AC Circuit Breaker Market by Country, 2019 - 2030, USD Million
FIG 23 SWOT Analysis: ABB Group
FIG 24 Recent strategies and developments: Eaton Corporation PLC
FIG 25 SWOT Analysis: Eaton Corporation PLC
FIG 26 Recent strategies and developments: Siemens AG
FIG 27 SWOT Analysis: Siemens AG
FIG 28 Recent strategies and developments: Schneider Electric SE
FIG 29 SWOT Analysis: Schneider Electric SE
FIG 30 SWOT Analysis: General electric (GE) Co.
FIG 31 SWOT Analysis: Mitsubishi Electric Corporation
FIG 32 SWOT Analysis: Rockwell Automation, Inc.
FIG 33 SWOT Analysis: Powell Industries, Inc.
FIG 34 SWOT Analysis: Toshiba Corporation
FIG 35 SWOT Analysis: Alstom SA