Air Circuit Breaker Market Size Worth $5.95 Billion By 2032 | CAGR: 5.8%

The global air circuit breaker market size is expected to reach USD 5.95 billion by 2032, according to a new study by Polaris Market Research. The report “Air Circuit Breaker Market Share, Size, Trends, Industry Analysis Report, By Type (Plain Air Circuit Breaker, Air Blast Circuit Breaker); By Voltage; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Circuit breakers are gaining adoption in various disciplines, primarily in industrial electrical appliances and households, due to their potential to cease the flow of power at the time of overcurrent, short circuit, or to direct the flow of the system. They play a pivotal role in promoting the safety and functionality of electrical systems in the domain of electrical power distribution and protection. Their capabilities in handling larger amounts of power are grabbing attention among industrialists as a prominent device to promote workplace safety and equipment.

The rising concerns about greenhouse emissions are enforcing a significant shift towards renewable energy, primarily solar and wind, facilitating the need for power storage and distribution, which may show the requirement for circuit breakers. Based on the 13th National Electricity Plan, solar energy is likely to reach 666 TWh in FY 2032 from 73 TWh in FY 2022.

The diverse requirements of air circuit breakers in wider applications are exploring their new potential in the market. As an example, in October 2023, RTX announced its development of a solid-state circuit breaker for hybrid-electric aircraft under a NASA contract. This trend is likely to promote the growth of the market in the coming years.

Growing technological advancements are creating new growth opportunities for the air circuit breaker and contributing to product innovations. In September 2023, ABB unveiled the AIS MV Switchgear Technology at the Abu Dhabi International Petroleum Exhibition and Conference.

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The increasing product renovation activities and the rise in research and development activities are widening the growth of the market. For instance, in July 2023, Siemens expanded its 3WA circuit breaker series with the addition of 2 new versions of the Sentron 3WA Power Circuit Breakers. This series meets the requirements of UL1066 & IEC60947-2 standards. The rising emphasis on electrical equipment safety is propelling product launches in the market. In December 2023, E. Next unveiled a range of surge protective devices for specialized conditions.

Air Circuit Breaker Market Report Highlights

• Air blast circuit segment is anticipated to witness the highest growth in the coming years due to its effectiveness in promoting safety from higher-voltage currents.
• Low voltage segment accounted for the largest market share owing to its ability to deliver reliable electrical operations for lower voltage applications.
• Industrial segment is projected to experience a larger revenue share due to rising workplace safety measures.
• North America is projected to register the fastest growth during the forecast period, attributable to rising investments in power plants.
• The global players include ABB, C&S Electric, CG Power and Industrial Solutions, Eaton, Fuji Electric, Havells, & Mitsubishi Electric.

Polaris Market Research has segmented the air circuit breaker market report based on type, voltage, application and region:

Air Circuit Breaker, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Plain Air Circuit Breaker
• Air Blast Circuit Breaker

Air Circuit Breaker, Voltage Outlook (Revenue - USD Billion, 2019 - 2032)

• Low Voltage
• Medium Voltage

Air Circuit Breaker, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Industrial
• Commercial
• Residential

Air Circuit Breaker, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Air Circuit Breaker Market Report Scope