According to a market report by Lucintel, the future of the global AC circuit breaker market looks promising with opportunities in the transmission & distribution utilities, power generation, and industrial markets. The global AC circuit breaker market is expected to reach an estimated $5 billion by 2030 from $3 billion in 2024 at a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing investments in industrial manufacturing, rising demand for power in urban and rural regions, and increasing number of households installing air conditioners across emerging economies.
A more than 150-page report to
understand trends, opportunity and
forecast in global AC circuit breaker market to 2030 by insulation type (gas, vacuum, air,
and oil), voltage (high, medium, and very high), installation (indoor and outdoor),
end use industry (transmission & distribution utilities, power generation,
industrial, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel
forecasts that outdoor will remain the larger segment over the forecast period
because of growing need for circuit breakers to be installed outdoors to ensure
the safety of electrical equipment and circuits in utility and industrial
settings, as well as, rapid expansion of the renewable energy industry.
Within
this market, industrial will remain the highest growing segment over the
forecast period due to rising electricity demand and expanding number of
manufacturing facilities, along with the end use sectors necessitate dependable
backup power and a continuous energy supply.
Download
sample by clicking on AC circuit
breaker market.
APAC will
remain the largest region over the forecast period due to increasing need for
electricity in remote regions, rising demand for the incorporation of renewable
energy sources, as well as growing demand for electricity in countries like
china and india.
ABB, Eaton
Corporation, Siemen, Schneider Electric, General Electric Company, Mitsubishi
Electric Corporation, Rockwell Automation, Powell Industries, Toshiba
Corporation, Alstom are the major
suppliers in the AC circuit
breaker market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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