Lucintel Forecasts the Global AC Circuit Breaker Market to Reach $5 Billion by 2030
Lucintel Forecasts the Global AC Circuit Breaker Market to Reach $5 Billion by 2030
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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.
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 [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056