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Allied Market Research

Air Circuit Breaker Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 135 Views
 
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 Air circuit breaker (ACB) is equipment that is used for the protection of electric circuits from short circuits or over current. The major function is to interrupt current flow on detection of fault. It exhibits various characteristics such as durability, ease of installation, high performance. It is used to protect electrical machines, transformers, capacitors, and generators against electrical faults. Furthermore, air circuit breaker has completely replaced oil circuit breaker, as it eliminates the risk of fire hazards and minimizes maintenance cost. Air circuit breaker finds its application across industrial and commercial sectors. The global air circuit breaker market is projected to witness significant growth during the forecast period, owing to increase in power generation from renewable energy sources and rise in demand for reliable & secure power supply.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  USD Million

  Segments covered

  Voltage, Type, Application, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA

  Companies covered

  • ABB
  • WEG
  • IPS HYUNDAI
  • Open Electrical
  • MittricSdnBhd
  • Eaton
  • Hitachi
  • Schneider Electric
  • Mitsubishi Electric
  • Standard Electricals
  • Deepika Enterprises
  • Gamma
  • Rittal

 

Air Circuit Breaker By Voltage:

  • Low Voltage
  • Medium Voltage

Air Circuit Breaker By Type:

  • Air Blast Circuit Breaker
  • Plain Air Circuit Breaker

Air Circuit Breaker By Application:

  • Industrial
  • Commercial
  • Residential

COVID-19 scenario analysis

The virus outbreak has forced government to undertake actions such as imposing travel restriction and temporary shutdown of manufacturing plants in order to curb the spread of virus. These restrictions have disrupted supply chains and have forced air circuit breaker manufacturers to close down their manufacturing plant. The air circuit breakers are mainly used in industries but shut down of industries globally has impacted negatively on the market due to wide spread coronavirus. The emergence of COVID-19 is changing the global value delivery models, with unprecedented consequences for manufactures and supply chains. To mitigate the effect ofCOVID-19on manufacturers and supply chains, new approaches and new ways of collaboration are required to boost overall growth.

Market scenario analysis

The global air circuit breaker market is expected to witness a significant growth during the forecast period, due to raise in power generation activities and surge in demand for sustainable power supply across the globe. The medium voltage air circuit breaker is expected to grow significantly due to its various end-use applications in industrial power & distribution, renewable, and transportation to protect & control the distribution network.  Surge in demand for electricity and replacement of existing old circuit breakers further fuel the demand for air circuit breaker market. However, several disadvantages such as additional use of compressor with high air pressure which in turn aids initial set up cost, maintenance of compressors, and there are some possible air leakages in the fittings if not taken care off are the major factors that are anticipated hinder the market growth during the forecast period.

Market drivers & restraints

The major factors driving the growth of the global air circuit breaker market are growing renewable power generation, rise in demand for energy storage, & decentralized power systems, and increase in requirement for secure and reliable power supply across the globe. In addition, rise in investments for development of advanced air circuit breakers that requires compressors with low air pressure is predicted to boost the market growth. Moreover, residential segment is anticipated to witness the fastest growth during the forecast period, due to rise in investments in residential construction. Furthermore, the support from government and banks through a low-interest rate for buying new properties has encouraged residential construction. In addition, high investments in the infrastructure and development of smart cities are expected to augment the global air circuit breaker market growth during the forecast period.

Regional insights

Asia-Pacific is expected to be the market leader for air circuit breaker during the forecast period, due to the favourable government policy of for generating renewable power and increasing investments in infrastructure in this region. The Middle East & Africa market is projected to grow at the fastest rate during the forecast period, due to rise in investments for renewable energy grid infrastructure development.

Key benefits of the report

  • This study presents the analytical depiction of the global air circuit breaker industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global air circuit breaker market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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