The need for uninterrupted electricity supply is growing because of the rise in world population and rapid industrialization. The growing need for efficient and effective load management and the need of renewable energy to be connected to the grid are expected to aid in the growth of the vacuum circuit breakers market over the forecast period. However, the high cost of vacuum circuit breaker as compared to traditional fuses and the high level of complexity involved in the design to give module level protection will restrain the vacuum circuit breaker market,
Vacuum Circuit Breaker Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
The key players of global vacuum circuit breaker market are
- ABB Group (Switzerland),
- Siemens Ltd. (Germany),
- General Electric Company (USA),
- Crompton Greaves Ltd. (India),
- Alstom SA. (France),
- Schneider Electric (France),
- Mitsubishi Electric Corporation (Japan),
- L&T Electrical & Automation (India),
- Kirloskar Electric Company Ltd. (India)
- Eaton Corporation PLC (Ireland).
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Market Research Analysis
Asia-Pacific region is expected to grow at the fastest rate
The vacuum circuit breaker market in the Asia-Pacific region is currently leading and is followed by Europe market. The rapid industrial development and urbanization in countries such as India and China, where there are issues with load management in electricity supply and the predominant use of conventional fuses, are driving the market for vacuum circuit breakers.
A circuit breaker is a device that, interposes an electric circuit to avert unwarranted current, caused by short circuit, typically resulting from overload. A vacuum circuit breaker (VCB) is a kind of circuit breaker where the arc quenching takes place in vacuum medium. In a vacuum circuit breaker, vacuum interrupters are used for breaking and making load and fault currents. A vacuum circuit breaker can be used frequently or at a place of multi breaking short circuit. Vacuum circuit breakers are widely used in utility sector, to reduce energy loses in power generation and transmission efficiently. These factors will be contributing for the growth of global vacuum circuit breaker market in forecast period.
Vacuum circuit breakers are classified based on their types as indoor VCB and outdoor VCB. The indoor VCB type is equipped in a switchgear placed under an infrastructure for safe transmission operations. Outdoor VCB is suitable for switching of arc furnace transformers up to 50 operations per day. Outdoor VCB is mostly used in current transformers and potential transformers at outdoor location.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Vacuum Circuit Breaker Market, By Type
4.2 Indoor VCB
4.3 Outdoor VCB
5 Global Vacuum Circuit Breaker Market, By End-User
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