PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1761743
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1761743
The global North American air circuit breaker market is projected to grow from USD 0.82 billion by 2025 to USD 1.08 billion by 2030, at a CAGR of 5.7%.
Scope of the Report | |
---|---|
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD million), Volume (Units) |
Segments | North America air circuit breaker market by type, voltage, and application |
Regions covered | North America |
The North American ACB market is expected to grow tremendously over the forecast period, driven by the need for robust, intelligent, and secure circuit protection solutions for industrial, commercial, and utility applications. With the modernization of the power grid and increased electrification, especially in manufacturing, data centers, and renewable energy systems, air circuit breakers are at the forefront of improving operational reliability, arc protection, and system uptime. Utilities and facility operators rely on ACBs with built-in digital monitoring, remote diagnostics, and predictive maintenance capabilities to provide real-time insight into system conditions, reduce unplanned outages, and improve energy efficiency. With the progress in automation, smart metering, and networked electrical equipment, next-gen ACBs include self-testing, fault analysis, and IoT-controlled systems that enable dynamic load management and rapid fault isolation. These features are crucial in mission-critical applications such as hospitals, airports, and commercial towers, where downtime can have serious consequences. Furthermore, strict regulatory compliance concerning arc flash protection and workplace safety regulations in the US and Canada drives the need for smart low- and medium-voltage ACB solutions. With North America speeding up investments in smart grid modernization, electric vehicle charging infrastructure, and industrial electrification, air circuit breakers will continue to play a crucial role in the protection, resilience, and operational efficiency of medium- and low-voltage distribution networks.
By end user, industrial to be fastest-growing segment during forecast period
The industrial segment is expected to witness the highest CAGR in the North American air circuit breaker (ACB) market throughout the forecast period. This growth is primarily attributed to the rising use of automated and electrically demanding processes in manufacturing, oil & gas, mining, data centers, and chemical processing. Such applications require high reliability, operational safety, and uninterrupted power supply, and, hence, advanced ACBs with remote monitoring, arc fault protection, and predictive maintenance capabilities are in high demand. Moreover, increasing use of industrial IoT (IIoT), electric motors, and process automation focuses more on reliable distribution and protection systems. As businesses invest in upgrading their electrical infrastructure to meet safety standards and improve energy efficiency, ACBs facilitate fault detection, rapid isolation, and protection against overload and short circuits. Expanding renewable-powered industrial sites and electric-powered operations also strengthen demand for reliable circuit protection solutions. This makes the industrial sector the quickest embracer of next-generation air circuit breakers in North America.
By type, plain air circuit breaker to exhibit highest CAGR during forecast period
Based on type, the simple air circuit breaker segment will witness the highest CAGR in the North American air circuit breaker market throughout the forecast period. This is mainly due to the growing need for cost-efficient, rugged, and simple-to-maintain circuit protection devices for various medium- and low-voltage applications. Simple air circuit breakers are used extensively in power distribution systems and industrial plants because of their simple design, low cost of installation, and high interruption efficiency. Their capacity to work suitably under fluctuating load conditions without supplementary insulation media has made them a preferred alternative for end users intent on replacing old switchgear equipment. In addition, with utilities and industries in the region investing in grid stability and infrastructure modernization, particularly with smart grid rollouts and sustainability goals, using simple yet strong protection devices such as plain ACBs will experience substantial growth. Their ability to be compatible with existing systems and their versatility are further added strong points that make it a high-growth segment over the forecast period.
By country, US to be the fastest-growing segment during forecast period
The United States, on a country basis, is expected to be the fastest-growing segment in the North American air circuit breaker market over the forecast period. This is driven by continued investment in upgrading the country's aging power infrastructure, growing industrial automation, and expanding use of renewable energy sources. Federal programs such as the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) are speeding up the modernization of substations, distribution systems, and smart grid technologies, all needing dependable circuit protection solutions. Additionally, the increase in data centers, manufacturing facilities, and EV charging stations throughout the US drives the demand for air circuit breakers to provide operational safety and reliability under different loads. The focus on energy efficiency, grid hardness, and compliance with regulatory regulations also drives utilities and industrial players toward using state-of-the-art ACB systems, making the US the region's fastest-growing market.
In-depth interviews have been conducted with chief executive officers (CEOs), directors, and other executives from various key organizations operating in the North American air circuit breaker market.
By Company Type: Tier 1 - 30%, Tier 2 - 55%, and Tier 3 - 15%
By Designation: C-level Executives - 30%, Directors - 20%, and Others - 50%
Note: Other designations include engineers, sales, and regional managers.
The tiers of the companies are defined based on their total revenue as of 2024: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: <USD 500 million
A few major players with extensive regional presence dominate the North American air circuit breaker market. The leading players are ABB (Switzerland), Schneider Electric (France), Mitsubishi Electric (Japan), Eaton (Ireland), and Siemens (Germany).
The report defines, describes, and forecasts the North American air circuit breaker market by type (plain air circuit breaker, air blast circuit breaker), voltage (low voltage, medium voltage), application (industrial, commercial, residential), and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A comprehensive analysis of the key players in the RIP & RIF bushings market has been conducted. This analysis provides insights into their business overview, solutions and services, and key strategies. It also covers relevant contracts, partnerships, and agreements, along with new product launches, mergers, acquisitions, and other recent developments in the market. Additionally, the report includes a competitive analysis of emerging startups within the RIP & RIF bushings market ecosystem.
This report is a strategic resource for industry leaders and new entrants, offering a comprehensive analysis of the market and its subsegments. It equips stakeholders with a thorough understanding of the competitive landscape, enabling them to refine their business positioning and devise effective go-to-market strategies. Additionally, the report elucidates the current market dynamics, highlighting critical drivers, constraints, challenges, and opportunities that inform strategic decision-making.