Global Aircraft Circuit Breakers Market to Observe Widespread Growth with Growing Demand for Renewable Power Generation

Many times, either at home or at the workplace, there are unexpected electrical failures. If they are not promptly fixed, they can seriously harm the electrical infrastructure of the location, sometimes even resulting in hazardous accidents and fires that can have terrible consequences. The circuit breaker, which is the key element of a well-protected electrical system, is one of the numerous protective devices used in electrical installations to prevent these circumstances, including the fuse, the surge arrester, and the circuit breaker.

Circuit breakers are necessary to connect to power generation plants and switchyards. It is employed to control and protect the power supply. Without a circuit breaker, extremely high current may flow during an electrical fault or short circuit fault across the aircraft's electrical equipment and power network, potentially permanently damaging the equipment. It is mainly adopted by industries for the benefits of durability, high performance, ease of installation, and maintenance.

Any modern aircraft's electrical system, which controls everything from the lighting and avionics to the auxiliary fuel pump and engine starter motor, is crucial to its proper operation. Aircraft circuit breakers are primarily used to power up and shut off the high circuit. They are used for electrical machines, the protection of plants, capacitors, transformers, and generators against short circuits, over- or under voltage, over- or under frequency, earth faults, reverse power, and other faults. The global aircraft circuit breakers market is expanding at a rapid pace due to the rise in the use of aircraft circuit breakers in the aerospace industries.

Newest Insights in the Aircraft Circuit Breakers Market

The growing urbanization and increase in infrastructure services are driving the demand for reliable and secure power, thus boosting the need for circuit breakers.  As per a report by Research Dive, the global aircraft circuit breakers market is expected to surpass a revenue of $387.1 million in the 2022–2031 timeframe. The North America aircraft circuit breakers market is expected to register foremost growth in the years to come. This is because the region has a huge presence of aircraft circuit breaker manufactures due to the availability of exceptional technological skills and a strong supply chain network in the region.

How are Market Players Responding to the Rising Demand for Aircraft Circuit Breakers?

Market players are greatly investing in pioneering research and inventions to cater for the rising demand for advanced power management systems. Some of the foremost players in the aircraft circuit breakers market are Airbus SE, Boeing Company, Commercial Aircraft Corporation of China Ltd., Embraer SA, Raytheon Technologies Corporation, Mitsubishi Aircraft Corporation, Lockheed Martin Corporation, Textron Inc., General Dynamics Corporation, Dassault Aviation, and others. These players are focused on planning and implementing tactics such as mergers and acquisitions, collaborations, innovative advances, and partnerships to attain a remarkable position in the global market. For instance:

• In January 2021, ABB India Ltd., the provider of engineering services and electrical equipment manufacturing, announced Formula DIN-Rail, a new collection of isolators, RCCBs (Residual Current Circuit Breakers), and miniature circuit breakers.
   
• In February 2021, ARPA-E, a government organization responsible for encouraging and supporting the growth of advanced energy technology, announced USD 10 million in funding for six initiatives under the CABLES (Connecting Aviation by Lighter Electrical Systems) programme. CABLES teams will design medium-voltage (> 10 KV) power distribution cables, circuit breakers, and connectors for fully electrical aircraft applications.
   
• In October 2021, Schneider Electric, a leading expert in automation and energy management, announced the launch of the PowerPacT circuit breaker series' next generation at the NECA Nashville.

COVID-19 Impact on the Global Aircraft Circuit Breakers Market

The unpredicted rise of the coronavirus pandemic in 2020 adversely impacted the global aircraft circuit breakers market. During the pandemic period, significant interruptions occurred in respective production and supply-chain operations as a result of strict lockdowns and other restrictions imposed by governing bodies around the world. Additionally, consumer demand for various products and services decreased as people concentrated on reducing non-essential costs from their budgets because the overall economic situation of a majority of public was negatively impacted by this pandemic. However, as various regulatory bodies and industries are striving to recuperate the incurred losses in the post-pandemic period, the global aircraft circuit breakers market is likely to improve in the upcoming years.