According to a new report, published by KBV research, The Global Air Circuit Breaker Market size is expected to reach $4.5 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,921.5 thousand units, experiencing a growth of 5.8% (2019-2022).
The Commercial segment is showcasing a CAGR of 6.5% during (2023 - 2030). Commercial buildings, including office complexes, shopping malls, hotels, and hospitals, rely heavily on a continuous and reliable power supply to operate efficiently. Any power outage can cause financial losses, reputational harm, and decreased consumer satisfaction. Air circuit breakers play a vital role in ensuring uninterrupted power distribution by quickly disconnecting the electrical supply in case of faults or overloads, thereby safeguarding business operations. These factors are expected to boost the demand in the commercial segment.
The Air Blast Circuit Breaker segment is leading the Global Air Circuit Breaker Market, By Type in 2022 thereby achieving a market value of $2.7 billion by 2030. Air blast circuit breakers are primarily designed for high-voltage and medium-voltage applications where the interruption of heavy electrical currents is a critical requirement. These applications include power transmission and distribution networks, substations, and industrial settings with substantial power demands. Their ability to operate effectively at these voltage levels has made them indispensable in such environments. These factors will boost the demand in the segment.
The Medium-Voltage segment would display a CAGR of 6.6% during (2023 - 2030). The medium voltage segment has experienced substantial growth due to the expanding renewable energy sector. For renewable energy facilities like wind farms and solar power plants, medium voltage ACBs are crucial. These breakers are crucial in managing and protecting these installations' electrical infrastructure, contributing to this segment's growth. As a result, the segment will expand rapidly in the coming years.
The Asia Pacific region dominated the Global Air Circuit Breaker Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030. The Europe market is anticipated to grow at a CAGR of 5.1% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 5.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/air-circuit-breaker-market/
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 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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
