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Asia Pacific Low Voltage Circuit Breaker Market Share

Report ID: GMI7324
Published Date: Nov 2023
Report Format: PDF

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Asia Pacific Low Voltage Circuit Breaker Market Share

ABB holds a significant presence in the Asia Pacific low voltage circuit breaker industry, recognized for its extensive expertise in the design and manufacturing of various circuit breaker technologies, including ACB, MCB, MCCB, among others. The company boasts a long and storied history deeply embedded in the field of transmission and distribution. Over the years, ABB has provided circuit breaker solutions across a wide range of applications, encompassing residential, commercial, and industrial sectors.

Some of the key market players operating across the Asia Pacific low voltage circuit breaker industry are:

ABB
Schneider Electric
Siemens
Eaton
Legrand
Mitsubishi Electric
Rockwell Automation
Fuji Electric Co., Ltd.
LS Electric
Chint Group
C&S Electric
WEG
Socomec
L&T Electrical & Automation

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for low voltage circuit breaker was worth USD 4.3 billion in 2022 and is expected to register 10.9% CAGR from 2023 to 2032, due to the exponential surge in energy demand, propelled by the thriving industrial sector in the region.

The ACB product segment in the APAC low voltage circuit breaker market recorded over USD 694.5 million in 2022, due to the rising uptake of renewable energy sources, such as solar and wind power necessitating dependable and efficient electrical infrastructure.

China held over 29.6% share of the low voltage circuit breaker industry in 2022 and is expected to register significant CAGR through 2032, owing to the robust urbanization, leading to increased demand for electricity in residential and commercial areas.

Some of the influential Asia Pacific low voltage circuit breaker market players are ABB, Schneider Electric, Siemens, Eaton, Legrand, Mitsubishi Electric, Rockwell Automation, Fuji Electric Co., Ltd., Electric, and Chint Group, among others.