Air Circuit Breaker Market Scenario
Increasing power generation from renewable energy sources and rising demand for reliable & secure power supply are some of the major factors propelling the air circuit breaker market globally. Furthermore, technological modernization is also one of the factor propelling the growth of air circuit breaker market. However, increasing raw material prices is one of the major factor expected to hamper the global growth of the air circuit breaker market.
Air Circuit Breaker Market Segmentation
The Air circuit breaker Market is segmented by Voltage, Type, Application and Geography. Air circuit breaker are manufactured in various Voltage such as Low Voltage (<1 Kv) and Medium Voltage (1-15 Kv). Furthermore, the Types comprises of Air Blast Circuit Breaker and Plain Air Circuit Breaker. In addition, various Application of this market are Industrial, Commercial and Residential. Based on Geography, the Air circuit breaker Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Air Circuit Breaker Market by Geography
Geographically, the air circuit breaker market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the Asia Pacific dominated the global air circuit breaker market in 2019. The market in North America will also play an important role in driving demand for air circuit breakers.
Air Circuit Breaker Market Key Players
Some of the major players operating in the global air circuit breaker market includes ABB, WEG Industries, Hyundai Electric, Eaton, Hitachi, Schneider Electric, Mitshubishi Electric, Siemens, Larsen & Toubro, Fuji Electric, Benergy, Resa Power, CG Power and Industrial Solutions, Legrand, Energypac, Romac Electrical Power Equipment, Havells, Federal Electric, LS Industrial Systems and C&S Electric. These players focus on inorganic strategies such as acquisitions, partnerships, agreements, and collaborations as well as organic strategies such as expansions and product launches & approvals to sustain their positions in the market.
Air Circuit Breaker Market Report Key Benefits