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Asia Pacific Circuit Breaker Market Share

Report ID: GMI6861
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Circuit Breaker Market Share

Notable companies operating in the Asia Pacific circuit breaker market include:

ABB
Mitsubishi Electric Corporation
Eaton Corporation
Toshiba International Corporation
Schneider Electric
CG Power & Industrial Solutions Ltd.
General Electric
Siemens Energy
HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO., LTD.
WEG
LS ELECTRIC Co., Ltd
Powell Industries
Kirloskar Electric Company
Sensata Technologies, Inc.
alfanar Group

Major circuit breaker manufacturers are strategically bolstering their market presence in the Asia-Pacific region through focusing on establishing robust local manufacturing and assembly facilities, enabling them to meet regional demand efficiently and reduce lead times. These manufacturers are actively engaging in partnerships and collaborations with regional distributors and suppliers to expand their reach and distribution networks across Asia Pacific. Additionally, they are tailoring their product portfolios to address the specific needs and preferences of the diverse Asian markets, including developing circuit breakers with advanced features suitable for local industries and applications.

Investment in research and development centers within the region allows them to innovate and create solutions aligned with the rapidly evolving technological landscape. Furthermore, they are staying compliant with local regulations and standards while ensuring a strong aftermarket support system. These concerted efforts by major circuit breaker manufacturers underscore their commitment to capturing a significant share of the burgeoning Asia Pacific circuit breaker market.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of circuit breaker in APAC was worth USD 9.3 billion in 2023 and is projected to surpass USD 23.5 billion by 2032, due to the rapid urbanization and industrialization across the region.

Asia Pacific low voltage circuit breakers market size crossed USD 4 billion in 2022 and is poised to reach over USD 12.4 billion by 2032, driven by government-led electrification projects aimed at extending access to electricity in rural areas.

China circuit breaker industry size is anticipated to exceed USD 7.6 billion by 2032, on account of the rapid urbanization and industrialization in the country.

Some of the prominent APAC circuit breaker market players are ABB, Mitsubishi Electric Corporation, Eaton Corporation, Toshiba International Corporation, Schneider Electric, CG Power & Industrial Solutions Ltd., General Electric, and Siemens Energy.