The Latin America, Middle East and Africa Air Circuit Breaker Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 259.7 thousand units, showcasing a growth of 9.8% (2023-2030).
In today's increasingly interconnected and electrified world, the demand for efficient and reliable electrical distribution and protection systems has never been greater. Among the various components that make up these systems, air circuit breakers (ACBs) play a pivotal role in ensuring the safety and uninterrupted flow of electricity. The market has witnessed significant growth and transformation in recent years, spurred by the growing need for electrical safety, technological advancements, and the expansion of industries that rely heavily on electricity.
Air circuit breakers are essential components in electrical systems, designed to protect against overcurrent and short-circuit conditions. These devices find applications in diverse industries and settings, contributing to the safety and reliability of electrical distribution networks. The industrial sector is one of the largest consumers of air circuit breakers. These breakers are deployed in manufacturing plants, refineries, mining operations, and other industrial facilities to safeguard machinery and equipment from electrical faults. They are particularly vital for industries that rely on heavy electrical machinery and automated processes.
As per the data provided by the International Trade Administration in 2022, the UAE’s construction sector is expected to see a solid recovery in the next five years, with construction industry value growing between 3.7 and 4.7%, according to experts. The nation's development agenda will prioritize the expansion of its industrial, transportation, and energy infrastructure to stimulate economic growth. As a share of the Projects of the 50 initiatives, the UAE government plans to implement projects to accelerate the country's economic development and establish it as a comprehensive hub for all sectors. The goal is to attract $149.8 billion in foreign direct investment (FDI) till 2030. Thus, a rise in the real estate sector in the LAMEA region will also benefit the regional market in the upcoming years.
The Brazil market dominated the LAMEA Air Circuit Breaker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $84.6 million by 2030. The Argentina market is showcasing a CAGR of 9.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Air Circuit Breaker Market is Projected 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.
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Type
By Voltage (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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