Vacuum Circuit Breaker Market is Poised to Grow at 6% Annually during 2017 to 2023

“Vacuum Circuit Breaker Market”
Global Vacuum Circuit Breaker Market Report by Type (Indoor VCB and Outdoor VCB), by End-User (Building & Construction Industry, Chemicals & Petrochemicals Industry, Foods & Beverages Industry, Metals & Mining Industry and Other Industries) and by Region – Global Forecast To 2023

Market Overview:

Market Research Future Published a Half Cooked Research Report on Global Vacuum Circuit Breaker Market. The Vacuum Circuit Breaker Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.

MRFR recognizes the key players of Global Vacuum Circuit Breaker Market as: 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) and Eaton Corporation PLC (Ireland).

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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Market Drivers:

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.

Regional 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.

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Report Scope:

This study provides an overview of the global vacuum circuit breaker market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

The scope of the study segments the global vacuum circuit breaker market by its type, by end-user and by regions.

By Cooling:

  • Indoor VCB
  • Outdoor VCB

By End-User:

  • Building & Construction Industry
  • Chemicals & Petrochemicals Industry
  • Foods & Beverages Industry
  • Metals & Mining Industry
  • Other Industries

By Regions:

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World

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