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Asia Pacific Circuit Breaker Market Trends

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

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Asia Pacific Circuit Breaker Market trends

Asia-Pacific circuit breaker market is characterized by several prominent trends including the ongoing shift towards the adoption of smart and digital circuit breakers, driven by the increasing demand for enhanced grid management and remote monitoring capabilities. The region is witnessing a growing emphasis on energy efficiency and sustainability, leading to the incorporation of eco-friendly materials and energy-saving technologies in circuit breaker designs. The electrification of transportation and the development of electric vehicle charging infrastructure are emerging as significant growth drivers for the market. Furthermore, stringent safety regulations and the need to protect sensitive electronic equipment are promoting the use of advanced circuit breakers in various industrial applications.

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.