Pune, India -- (SBWire) -- 08/25/2018 --Vacuum Circuit Breaker Market Highlights:-
The major factors that drive the market for vacuum circuit breakers are increasing demand for power, increasing technical demand from distribution sector, aging of conventional oil and air circuit breakers, and rising demand for smart grids, transmission and distribution infrastructure. According to BP's energy review, in 2016, the electricity generation grew up to 17,642 TWh from major countries while the consumption of power, globally stood up at 14,698 TWh. Since there are losses while transmission of power from one region to another due to technical faults, the generated electricity is not able to meet the demand and there is always a shortage of power supply. This leads to rising demand for reliable technical demand from the distribution sector.
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Global Vacuum Circuit Breaker Market Segmentation:-
Global vacuum circuit breakers market has been segmented on the basis of type, end-user, voltage rating, and region. Based on type the market is further segmented as indoor vacuum circuit breaker, and outdoor vacuum circuit breaker. Indoor vacuum circuit breakers are dominating the market due to the fact, that they have lower risk of hazards, explosion, and are suitable for buildings with lesser space. On the basis of end-use, the market is classified as energy utilities, building & construction, chemicals & petrochemicals, foods & beverages, metal & mining, and others. Amongst these, energy utilities hold the largest market share as the existing oil and air circuit breakers are aging and are not eco-friendly as well as they require large space, and there is rising demand for reliable electrical equipment. On the basis of voltage rating, the vacuum circuit breaker market is segmented as medium and high voltage.
Global Vacuum Circuit Breaker Market Top Key Players:-
The key players of global vacuum circuit breakers market are Schneider Electric SE (France), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Alstom SA (France), and Siemens AG (Germany). Toshiba (Japan), Larsen & Turbo (India), Hyundai heavy industries (South Korea), Hitachi (Japan), Fuji Electric (Japan), Nissin Electric (Japan), Xian XD (China), Hyosung (China), Bharat Heavy Electric Ltd. (India), Eaton (Ireland), and Meidensha (Japan) are among others.
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.
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Vacuum Circuit Breaker Global Market 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.
Vacuum Circuit Breaker Market By Cooling
- Indoor VCB
- Outdoor VCB
Vacuum Circuit Breaker Market By End-User
Building & Construction Industry
- Chemicals & Petrochemicals Industry
- Foods & Beverages Industry
- Metals & Mining Industry
- Other Industries
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Vacuum Circuit Breaker Market By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Vacuum Circuit Breaker Global Market Top Key Players, Target Audience, Current Industry Status & Growth Opportunities by Forecast to 2023