Europe Air Circuit Breaker Market Size, Share & Industry Trends Analysis Report By Application (Industrial, Commercial, and Residential), By Type (Air Blast Circuit Breaker, and Plain Air Circuit Breaker), By Voltage, By Country and Growth Forecast, 2023 - 2030
The Europe Air Circuit Breaker Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 547.0 thousand units, showcasing a growth of 5.3% (2019-2022).
Utilities and power generation facilities use air circuit breakers in substations and distribution networks to protect the electrical grid from faults. They are pivotal in maintaining the stability of the power supply. Air circuit breakers are crucial for electrical safety in harsh marine environments on ships and offshore platforms. They protect against electrical faults that could jeopardize the crew's safety and the equipment's integrity.
The adoption of air circuit breakers has witnessed remarkable growth largely due to the increasing emphasis on electrical safety and the expansion of various industries. As energy consumption grows, the need for reliable and robust electrical distribution systems becomes more pronounced. Air circuit breakers are integral to this infrastructure, ensuring electricity flows smoothly while protecting against electrical faults. Demand for advanced electrical protection systems has expanded due to the automation of industrial processes fueled by Industry 4.0 and the Internet of Things (IoT). Air circuit breakers have evolved to meet the needs of these automated systems, providing precise protection and remote monitoring capabilities.
According to the United Kingdom Office for National Statistics data, total general government investment in infrastructure rose by 15.2% in 2021, relative to 2020, to £23.8 billion in current prices. Total market sector investment in infrastructure in 2021 was £12.0 billion in 2019, with constant prices. The same source revealed that when compared with 2020, the energy industry received higher investment in 2021 (up by £377.3 million, a 7.3% increase).
Moreover, compared to its earlier goal of giving up fossil fuels by 2045, Germany now wants to meet all of its electricity demands with supply from renewable sources by 2035. Germany wants to reach a final consumption share of 30% from renewable sources by 2030. The goal is to attain carbon neutrality by 2045 and reduce greenhouse gas emissions by 65% by 2030. The policy calls for the phase-out of nuclear power by 2022 and the advancement of the phase-out of coal and lignite by 2030. Thus, increasing investment in energy and infrastructure sectors in the European countries will pose lucrative growth prospects for the regional market.
The Germany market dominated the Europe Air Circuit Breaker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $248 million by 2030. The UK market is experiencing a CAGR of 4.1% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 5.9% during (2023 - 2030).
Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on Type, the market is segmented into Air Blast Circuit Breaker, and Plain Air Circuit Breaker. Based on Voltage, the market is segmented into Low-Voltage, and Medium-Voltage. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, Eaton Corporation PLC, Hitachi, Ltd., Fuji Electric Co. Ltd., Toshiba Corporation, ENTEC Electric & Electronic Co. Ltd, and Havells India Ltd.
Scope of the Study
Market Segments covered in the Report:
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
- Industrial
- Commercial
- Residential
- Air Blast Circuit Breaker
- Plain Air Circuit Breaker
- Low-Voltage
- Medium-Voltage
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- ABB Group
- Schneider Electric SE
- Siemens AG
- Mitsubishi Electric Corporation
- Eaton Corporation PLC
- Hitachi, Ltd.
- Fuji Electric Co. Ltd.
- Toshiba Corporation
- ENTEC Electric & Electronic Co. Ltd
- Havells India Ltd.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Air Circuit Breaker Market, by Application
- 1.4.2 Europe Air Circuit Breaker Market, by Type
- 1.4.3 Europe Air Circuit Breaker Market, by Voltage
- 1.4.4 Europe Air Circuit Breaker Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, May) Leading Players
- 4.5 Porter’s Five Forces Analysis
- Chapter 5. Europe Air Circuit Breaker Market, By Application
- 5.1 Europe Industrial Market, By Country
- 5.2 Europe Commercial Market, By Country
- 5.3 Europe Residential Market, By Country
- Chapter 6. Europe Air Circuit Breaker Market, By Type
- 6.1 Europe Air Blast Circuit Breaker Market, By Country
- 6.2 Europe Plain Air Circuit Breaker Market, By Country
- Chapter 7. Europe Air Circuit Breaker Market, By Voltage
- 7.1 Europe Low-Voltage Market, By Country
- 7.2 Europe Medium-Voltage Market, By Country
- Chapter 8. Europe Air Circuit Breaker Market, By Country
- 8.1 Germany Air Circuit Breaker Market
- 8.1.1 Germany Air Circuit Breaker Market, By Application
- 8.1.2 Germany Air Circuit Breaker Market, By Type
- 8.1.3 Germany Air Circuit Breaker Market, By Voltage
- 8.2 UK Air Circuit Breaker Market
- 8.2.1 UK Air Circuit Breaker Market, By Application
- 8.2.2 UK Air Circuit Breaker Market, By Type
- 8.2.3 UK Air Circuit Breaker Market, By Voltage
- 8.3 France Air Circuit Breaker Market
- 8.3.1 France Air Circuit Breaker Market, By Application
- 8.3.2 France Air Circuit Breaker Market, By Type
- 8.3.3 France Air Circuit Breaker Market, By Voltage
- 8.4 Russia Air Circuit Breaker Market
- 8.4.1 Russia Air Circuit Breaker Market, By Application
- 8.4.2 Russia Air Circuit Breaker Market, By Type
- 8.4.3 Russia Air Circuit Breaker Market, By Voltage
- 8.5 Spain Air Circuit Breaker Market
- 8.5.1 Spain Air Circuit Breaker Market, By Application
- 8.5.2 Spain Air Circuit Breaker Market, By Type
- 8.5.3 Spain Air Circuit Breaker Market, By Voltage
- 8.6 Italy Air Circuit Breaker Market
- 8.6.1 Italy Air Circuit Breaker Market, By Application
- 8.6.2 Italy Air Circuit Breaker Market, By Type
- 8.6.3 Italy Air Circuit Breaker Market, By Voltage
- 8.7 Rest of Europe Air Circuit Breaker Market
- 8.7.1 Rest of Europe Air Circuit Breaker Market, By Application
- 8.7.2 Rest of Europe Air Circuit Breaker Market, By Type
- 8.7.3 Rest of Europe Air Circuit Breaker Market, By Voltage
- Chapter 9. Company Profiles
- 9.1 ABB Group
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Schneider Electric SE
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Siemens AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Mitsubishi Electric Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Eaton Corporation PLC
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Geographical Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Hitachi, Ltd.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Fuji Electric Co. Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Toshiba Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research and Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 ENTEC Electric & Electronic Co. Ltd.
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Havells India Ltd.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental Analysis
- 9.10.4 SWOT Analysis
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