The North America AC Circuit Breaker Market should witness market growth of 5.0% CAGR during the forecast period (2023-2030).
The growing use of various electrical appliances in homes to streamline tasks, such as mixers, blenders, freezers, washing machines,vacuum cleaners, and air purifiers, is assisting the market's expansion. Additionally, the increasing use of heavy machinery in manyindustries to boost output and effectively complete routine operations further bolsters the electricity demand. Additionally, the demand for the productis expanding as utilities and power plants increasingly install circuit breakers to operate grids safely and provide electricity to consumers.
Long chains of transmission lines, transformer-equipped substations, circuit breakers, fuses, cutouts, reclosers, sectionalizers, service transformers, feeder circuits,and service drops are all essential components of power systems. If the utility is to supply its clients with electricity, everything must run smoothly. In utilities, circuit breakers are necessary for the secure running of grids. Transformers and generators used in power-producing plants are protected by circuit breakers. A circuit breaker's job is to isolate the equipment from the grid after spotting the short-circuit fault in the power transmission system.
Mexico generated 281.57 Terawatt hours (TWh) of electricity in 2020. In the upcoming years, the country will need more energy from clean sources. An IRENA (International Renewable Energy Agency) study claims that Mexico has many potential resources and can attract substantial investments to expand its energy supply. Similarly, Canada's smart grid plan is a national program emphasizing natural resources. It discusses how the Pan-Canadian Framework's objectives for clean growth and climate change mitigation are created. Utility-led initiatives to reduce greenhouse gas emissions, more effectively utilize present electrical resources, and foster innovation have received more than $100 million in funding. These initiatives aim to guarantee the availability of power to support industry growth and urbanization. As a result, the region offers the market promising growth opportunities.
The US market dominated the North America AC Circuit Breaker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,042.6 million by 2030. The Canada market is showcasing a CAGR of 7.4% during (2023-2030). Additionally, The Mexico market would register a CAGR of 6.4% during (2023-2030).
Based on Insulation Type, the market is segmented into Gas, Vacuum, Air, and Oil. Based on Voltage, the market is segmented into High, Medium, and Very High. Based on Installation, the market is segmented into Outdoor and Indoor. Based on End-user, the market is segmented into Transmission & Distribution Utilities, Power Generation, Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd., Eaton Corporation PLC, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Powell Industries, Inc., Toshiba Corporation, and Alstom SA.
The growing use of various electrical appliances in homes to streamline tasks, such as mixers, blenders, freezers, washing machines,vacuum cleaners, and air purifiers, is assisting the market's expansion. Additionally, the increasing use of heavy machinery in manyindustries to boost output and effectively complete routine operations further bolsters the electricity demand. Additionally, the demand for the productis expanding as utilities and power plants increasingly install circuit breakers to operate grids safely and provide electricity to consumers.
Long chains of transmission lines, transformer-equipped substations, circuit breakers, fuses, cutouts, reclosers, sectionalizers, service transformers, feeder circuits,and service drops are all essential components of power systems. If the utility is to supply its clients with electricity, everything must run smoothly. In utilities, circuit breakers are necessary for the secure running of grids. Transformers and generators used in power-producing plants are protected by circuit breakers. A circuit breaker's job is to isolate the equipment from the grid after spotting the short-circuit fault in the power transmission system.
Mexico generated 281.57 Terawatt hours (TWh) of electricity in 2020. In the upcoming years, the country will need more energy from clean sources. An IRENA (International Renewable Energy Agency) study claims that Mexico has many potential resources and can attract substantial investments to expand its energy supply. Similarly, Canada's smart grid plan is a national program emphasizing natural resources. It discusses how the Pan-Canadian Framework's objectives for clean growth and climate change mitigation are created. Utility-led initiatives to reduce greenhouse gas emissions, more effectively utilize present electrical resources, and foster innovation have received more than $100 million in funding. These initiatives aim to guarantee the availability of power to support industry growth and urbanization. As a result, the region offers the market promising growth opportunities.
The US market dominated the North America AC Circuit Breaker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,042.6 million by 2030. The Canada market is showcasing a CAGR of 7.4% during (2023-2030). Additionally, The Mexico market would register a CAGR of 6.4% during (2023-2030).
Based on Insulation Type, the market is segmented into Gas, Vacuum, Air, and Oil. Based on Voltage, the market is segmented into High, Medium, and Very High. Based on Installation, the market is segmented into Outdoor and Indoor. Based on End-user, the market is segmented into Transmission & Distribution Utilities, Power Generation, Industrial and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd., Eaton Corporation PLC, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Powell Industries, Inc., Toshiba Corporation, and Alstom SA.
Scope of the Study
By Insulation Type
- Gas
- Vacuum
- Air
- Oil
By Voltage
- High
- Medium
- Very High
By Installation
- Outdoor
- Indoor
By End-user
- Transmission & Distribution Utilities
- Power Generation
- Industrial
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Ltd.
- Eaton Corporation PLC
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Powell Industries, Inc.
- Toshiba Corporation
- Alstom SA
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America AC Circuit Breaker Market by Insulation Type
Chapter 6. North America AC Circuit Breaker Market by Voltage
Chapter 7. North America AC Circuit Breaker Market by Installation
Chapter 8. North America AC Circuit Breaker Market by End User
Chapter 9. North America AC Circuit Breaker Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- ABB Ltd.
- Eaton Corporation PLC
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Powell Industries, Inc.
- Toshiba Corporation
- Alstom SA
Methodology
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