Air Circuit Breaker (ACB) is an electrical device that is used to provide protection under faulty condition such as overcurrent in an electric circuit and short-circuit. The major function is to interrupt current flow after a fault is detected. When fault is detected, an arc appears between the contacts that break the circuit. Air Circuit Breaker has completely replaced by oil circuit breaker as it eliminates the risk and maintenance required. In addition, it offers other exceptional benefits such as durability, ease of installation, high performance, and low maintenance. It is suitable for the control of power station auxiliaries and industrial plants.
The major factors which are driving the growth of the Global Air Circuit Breaker market are growing renewable power generation, rising demand for energy storage, & decentralized power systems, and the increasing requirement for secure and reliable power supply across the globe. The growing demand for electricity and replacement of existing old circuit breakers at substations are also fuelling the demand for the air circuit breaker market. Circuit breaker is a necessary part of electrical network in industrial and commercial purpose. Moreover, aging electrical infrastructure coupled with the growing development of smart cities worldwide is also boosting the growth of the market during the forecast period. However, increasing competition among unorganized sector of the air circuit breaker and shortage of efficient government policies are restraining the growth of the market.
Based on the Voltage, the Low-Voltage Air Circuit Breaker segment is expected to grow at a higher CAGR during the forecast period due to its increasing adoption across various end-user industries such as industrial equipment, distribution utilities, power plant among others.
Based on the type, the air blast circuit breaker segment is anticipated to lead the market during the forecast period owing to the increasing demand of air circuits in the Asia-pacific region.
Based on the Application, the Industrial Air Circuit Breaker segment is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of air circuit breaker by various industries such as manufacturing, processing, and power plants. Moreover, the growing industrialization in developing countries of the world is also fuelling the market growth.
Based on the region, Asia-Pacific is anticipated to lead the global Air Circuit Breaker market during the forecast period owing to the favourable government policy of every country for generating renewable power and increasing investments in infrastructure in this region.
The major key players in the market include ABB, Siemens AG, Eaton Corporation, Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Larsen & Toubro Limited, C&S Electric Ltd., Hitachi, Ltd. , Hyundai Electric, among others.
- In Nov 2017, Siemens launched new 3WL10 circuit breaker in compact size zero which can handle rated currents of up to 1,250 amperes (A).
The Global Air Circuit Breaker market has been segmented based on the Voltage, Type, Application and key region. Based on Voltage, the market is segmented into Low-Voltage Air Circuit Breaker, and Medium-Voltage Air Circuit Breaker. Based on Type, the market is segmented into Plain Air Circuit Breaker, and Air Blast Circuit Breaker. Based on Application, the market is segmented into Industrial Air Circuit Breaker, Commercial Air Circuit Breaker, and Residential Air Circuit Breaker.
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