Market Overview:
The global AC circuit breaker market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and rising investments in smart grids and renewable energy sources. The global AC circuit breaker market is segmented by type, application, and region. By type, the market is divided into solid-state AC circuit breaker and hybrid AC circuit breaker. By application, the market is classified into industrial, commercial, residential, and others. Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China India Japan) Middle East & Africa(South Africa).
Product Definition:
An AC circuit breaker is a switch that opens and closes a circuit, often used to protect an electrical system from overloads or short circuits.
Solid-state AC Circuit Breaker:
Solid-state AC circuit breakers are electronic devices used to protect electric circuits from abnormal or fault conditions. They can be easily incorporated into the design of an electrical equipment and offer several benefits over conventional mechanical or electromechanical systems. Solid-state circuit breakers have no moving parts, making them more reliable and less likely to fail. Additionally, they do not require maintenance apart from a minimal amount of cleaning inside the housing for fingerprints and dust particles.
Hybrid AC Circuit Breaker:
Hybrid AC circuit breakers are a combination of two types of circuit breakers, namely an electronic and mechanical device. The major difference between the two is that while mechanical devices rely on the position of a lever or handle to open or close circuits, electronic devices have advanced technology with sensors that detect current flow and automatically open or close the circuit.
The primary function served by hybrid AC CBs is to protect electrical equipment from damage due to abnormal fluctuations in voltage.
Application Insights:
The industrial segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growing demand for electric motors, heavy-duty machinery and other equipment that operate on high voltage power lines is expected to drive product demand in industrial applications. In addition, increasing number of power line accidents across the globe has resulted in increased awareness about safety measures related to heavy electrical equipment. This factor is projected to fuel market growth over the forecast period.
The commercial segment was valued at USD 1,252 million in 2017 owing to an increase in commercial construction activities across various regions coupled with a rise in requirement of circuit breakers for protection against electrical shocks from lightning and static electricity generated by electronic devices such as computers, laptops etc., among others caused by accidental contact with solid state or hybrid AC circuit breakers used at workplaces or residential places are anticipated to propel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in developing countries, such as China and India. In addition, rising number of commercial buildings in these regions is anticipated to fuel product demand.
North America accounted for a significant share of global revenue owing to presence of several key manufacturers, including Cooper Power Systems Inc.; ABB Ltd.; Siemens AG; Alstom Grid Ltd.; General Electric; Allianz SE; Schneider Electric SA; and Westinghouse Electric Company LLC. Moreover, growing emphasis on reducing carbon footprint by adopting renewable energy sources is likely to boost market growth over the coming years. For instance, according to International Energy Agency (IEA), U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy conservation
- Technological advancements in circuit breakers that improve performance and safety
- Rising prices of crude oil, which increases the cost of producing electricity
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Circuit Breaker Market Research Report
By Type
Solid-state AC Circuit Breaker, Hybrid AC Circuit Breaker
By Application
Industrial, Commercial, Residential, Others
By Companies
ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Fuji Electric, Legrand, CHINT Electrics, Alstom, Sécheron Hasler, Rockwell Automation, Liangxin, Toshiba, Suntree, Yueqing Feeo Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global AC Circuit Breaker Market Report Segments:
The global AC Circuit Breaker market is segmented on the basis of:
Types
Solid-state AC Circuit Breaker, Hybrid AC Circuit Breaker
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Eaton
- Mitsubishi Electric
- Siemens
- GE
- Fuji Electric
- Legrand
- CHINT Electrics
- Alstom
- Sécheron Hasler
- Rockwell Automation
- Liangxin
- Toshiba
- Suntree
- Yueqing Feeo Electric
Highlights of The AC Circuit Breaker Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid-state AC Circuit Breaker
- Hybrid AC Circuit Breaker
- By Application:
- Industrial
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Circuit Breaker Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An AC circuit breaker is a safety device used to interrupt an electric current in the event of an overload or short.
Some of the major companies in the ac circuit breaker market are ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Fuji Electric, Legrand, CHINT Electrics, Alstom, S©cheron Hasler, Rockwell Automation, Liangxin, Toshiba, Suntree, Yueqing Feeo Electric.
The ac circuit breaker market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Circuit Breaker Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Circuit Breaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Circuit Breaker Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Circuit Breaker Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Circuit Breaker Market Size & Forecast, 2018-2028
4.5.1 AC Circuit Breaker Market Size and Y-o-Y Growth
4.5.2 AC Circuit Breaker Market Absolute $ Opportunity
Chapter 5 Global AC Circuit Breaker Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AC Circuit Breaker Market Size Forecast by Type
5.2.1 Solid-state AC Circuit Breaker
5.2.2 Hybrid AC Circuit Breaker
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AC Circuit Breaker Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AC Circuit Breaker Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Circuit Breaker Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Circuit Breaker Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AC Circuit Breaker Analysis and Forecast
9.1 Introduction
9.2 North America AC Circuit Breaker Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AC Circuit Breaker Market Size Forecast by Type
9.6.1 Solid-state AC Circuit Breaker
9.6.2 Hybrid AC Circuit Breaker
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AC Circuit Breaker Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AC Circuit Breaker Analysis and Forecast
10.1 Introduction
10.2 Europe AC Circuit Breaker Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AC Circuit Breaker Market Size Forecast by Type
10.6.1 Solid-state AC Circuit Breaker
10.6.2 Hybrid AC Circuit Breaker
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AC Circuit Breaker Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AC Circuit Breaker Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AC Circuit Breaker Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AC Circuit Breaker Market Size Forecast by Type
11.6.1 Solid-state AC Circuit Breaker
11.6.2 Hybrid AC Circuit Breaker
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AC Circuit Breaker Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AC Circuit Breaker Analysis and Forecast
12.1 Introduction
12.2 Latin America AC Circuit Breaker Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AC Circuit Breaker Market Size Forecast by Type
12.6.1 Solid-state AC Circuit Breaker
12.6.2 Hybrid AC Circuit Breaker
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AC Circuit Breaker Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AC Circuit Breaker Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AC Circuit Breaker Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AC Circuit Breaker Market Size Forecast by Type
13.6.1 Solid-state AC Circuit Breaker
13.6.2 Hybrid AC Circuit Breaker
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AC Circuit Breaker Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Circuit Breaker Market: Competitive Dashboard
14.2 Global AC Circuit Breaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Eaton
14.3.4 Mitsubishi Electric
14.3.5 Siemens
14.3.6 GE
14.3.7 Fuji Electric
14.3.8 Legrand
14.3.9 CHINT Electrics
14.3.10 Alstom
14.3.11 Sécheron Hasler
14.3.12 Rockwell Automation
14.3.13 Liangxin
14.3.14 Toshiba
14.3.15 Suntree
14.3.16 Yueqing Feeo Electric
