Circuit Breaker Market Report: Overview
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.
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, globally.
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Global Industry Top Key Players:-
- ABB Group
- Honeywell International Inc.
- Schurter Electronics
- Holley Metering Ltd.
- General Electric
Study Objectives of Circuit Breaker
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Circuit Breaker market
- To provide insights about factors affecting the market growth
- To Analyze the Circuit Breaker market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, South America, Middle East, and Africa
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Type, and End–Users
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Circuit Breaker market
Circuit Breaker Global Market – Segments
Circuit Breaker Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : SF6, Vacuum, and others.
Segmentation by Voltage : High Voltage, Medium Voltage, and Low Voltage.
Segmentation by End Users : Residential, Industrial and Commercial.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Circuit Breaker Global Market – Regional Analysis
Developing economies like India, China and Indonesia are expected to grow at the fastest pace. Considering the geographical landscape, China circuit breakers market will witness a surpassing growth in terms of revenue by 2027, owing to the numerous on-going renovation and replacement activities of existing transmission and distribution activities. In addition, China Village Electrification Program and China Township Electrification Program will also contribute favorably toward the industry growth. India circuit breakers industry size is predicted to record a substantial rate of CAGR during 2016 to 2024. The futuristic electrification mission of the Government like One Nation, One Grid, and One Price will augment the regional share noticeably.
The North American Region is one of the leading markets for the Circuit Breaker Market mainly due to the rapid expansion in the production base in the recent times. Europe closely follows North America in leading the circuit breaker market. In 2015, US circuit breakers market valued immensely and will grow at a considerable rate of CAGR in the recent future, primarily driven by the favorable government support to improve the reliability and safety of the distribution and transmission network.
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