Air Blast Circuit Breaker Market Forecasts to 2030 – Global Analysis By Product Type (Axial Blast Air Circuit Breaker, Cross Blast Air Circuit Breaker, Radial Blast Air Circuit Breaker and Other Product Types), Type, Application, End User and By Geography

Air Blast Circuit Breaker Market Forecasts to 2030 – Global Analysis By Product Type (Axial Blast Air Circuit Breaker, Cross Blast Air Circuit Breaker, Radial Blast Air Circuit Breaker and Other Product Types), Type, Application, End User and By Geography

According to Stratistics MRC, the Global Air Blast Circuit Breaker Market is accounted for $4.3 billion in 2023 and is expected to reach $7.4 billion by 2030 growing at a CAGR of 7.8% during the forecast period. A type of circuit breaker called an air blast circuit breaker is used to stop or shut down electrical circuits when there is a malfunction or overload. It is made to offer a rapid and efficient way to stop electric currents in high-voltage systems. When a circuit is opened, an arc will occur, and the word ""air blast"" refers to the method employed to put it out. Hence, it is mostly adopted in the industrial and commercial sectors, where the demand for these devices is largest.

According to Energy Information Administration (EIA) International Energy Outlook 2019 report, 28% of the global power came from renewable energy in 2018, which was majorly contributed by wind, solar, and hydropower. The EIA forecasts that renewables will account for almost half—49%—of global electricity output by 2050.

Market Dynamics

Driver

Rising demand for air blast circuit breakers

The increasing demand for air blast circuit breakers can be ascribed to a variety of causes, including their distinct features and benefits. These high-voltage circuit breakers are a kind that is frequently utilized in power systems and electrical substations. High dependability is a well-known characteristic of breakers. They are a recommended option in critical power infrastructure because they are made to successfully tolerate electrical disturbances and interrupt large currents. This is the driving force behind the market's expansion.

Restraint

High maintenance

To maintain the integrity of the compressed air system, air blast circuit breakers need routine maintenance. The compressor, storage tanks, and other related equipment must all be inspected and maintained, which may be expensive and time-consuming. The market development, however, is being held back by the loud noise that is produced when a circuit is interrupted by the discharge of compressed air. This noise can be annoying and may necessitate further steps to decrease noise pollution in sensitive locations.

Opportunity

Environmental friendliness

Compared to oil-filled circuit breakers, air blast circuit breakers use compressed air to put out the arc during circuit disruption, making them more ecologically friendly. This is an appealing feature, especially as environmental concerns and restrictions continue to expand. They are quite simple to maintain in comparison to certain other varieties of circuit breakers. Because they need less maintenance and have longer service lifetimes, they become more cost-effective. These elements are fueling market expansion.

Threat

High initial capital cost

Comparing air blast circuit breakers to other types of circuit breakers, they might be more expensive to buy and install. The pressurised air system, the breaker, and related infrastructure can be quite expensive. To guarantee proper operation, these breakers need to be maintained often. Particularly if the breaker is situated in a hostile location or sees a lot of use, the maintenance expenses may mount up over time. These are the issues impeding market expansion.

Covid-19 Impact

Due to the recent epidemic, a drop in industrial sector investments, a holdup in the commissioning of major grid expansion projects, and a recession in the economy, the switchgear market is suffering. Power facilities have been shut down in various places as a result of the decline in the demand for electricity from the industrial and commercial sectors. Consequently, the COVID-19 epidemic will limit market growth in the years to come.

The axial blast air circuit breaker segment is expected to be the largest during the forecast period

The axial blast air circuit breaker segment is expected to be the largest during the forecast period. A type of air circuit breaker known as a ""Axial Blast"" air circuit breaker uses axial blast technology to put out electrical sparks when the circuit is broken. They are capable of properly handling short-circuit currents, which is essential for assuring the security of electrical systems. Over time, decreased maintenance and replacement costs are what are causing the segment to grow.

The railways segment is expected to have the highest CAGR during the forecast period

The railways segment is expected to have the highest CAGR during the forecast period. Air blast circuit breakers are appropriate for railway systems where large fault currents might occur because they can tolerate high short-circuit currents. This promotes the electrical infrastructure's dependability and safety. They offer quick electrical fault interruption. To provide an uninterrupted power supply to crucial equipment, such as signaling systems and traction substations, in railway systems, fast fault clearing is required.

Region with largest share

North America is projected to hold the largest market share during the forecast period due to the increasing expansion of industrial infrastructure and growing investments in power utilities. In order to strengthen protection against electrical machinery and equipment, this area is investing in improving the overall performance of electric power generation, transmission, and distribution. Power transmission that is dependable and effective is being sought after by several industrial and commercial applications, which might significantly boost market value.

Region with highest CAGR

Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing protection of industrial plants and electrical machines such as generators, capacitors, and transformers through utilization of these beakers. The demand in the area is being driven by rising investments in extending transmission and distribution networks. This region will be able to dominate the market share over the projection period because to increased investment in expansion projects.

Key players in the market

Some of the key players in Air Blast Circuit Breaker market include Larsen & Toubro, Chint Electric, Bharat Heavy Electricals, Eaton, Mitsubishi Electric, ABB Limited, GE, Nader, Changshu Switchgear, Toshiba, Hyundai, Mersen SA, Tengen Group, Hitachi, Shanghai Renmin, Schneider Electric, Hager, Siemens and Fuji Electric.

Key Developments

In February 2022, Schneider Electric announced that it has enhanced its EasyPact EXE vacuum circuit breaker series - which connects building infrastructures, large commercial buildings and industrial plants to the electricity grid, with the latest generation thermal monitoring system.

In July 2021, ABB announced the ReliaGear low voltage switchgear platform incorporating the SACE Emax 2 air circuit breakers with Ekip trip units integrated into the platform. This model is specifically designed for critical power facilities, key industrial segments, and the oil and gas sector.

Product Types Covered
• Axial Blast Air Circuit Breaker
• Cross Blast Air Circuit Breaker
• Radial Blast Air Circuit Breaker
• Other Product Types

Types Covered
• Din Rail Mounted
• Panel Mounted
• Other Types

Applications Covered
• Capacitors
• AC generators
• DC generators
• Other Applications

End Users Covered
• Railways
• Arc furnaces
• Industrial plants
• Factories and buildings
• Ships
• Electricity Sharing System
• Power Transformers
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements