Gas Circuit Breaker Market to Grow at 4.6% CAGR and Reach US$ 800 Mn in Revenues by 2027

A new research study titled “Gas Circuit Breaker Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the business intelligence study, the global gas circuit breaker market is likely to grow at 4.6% CAGR through 2027, and reach a valuation of over US$ 800 Mn.

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According to the research study, gas circuit breakers continue to gain adoption owing to their advantages in voltage current chopping. Gas circuit breakers are preferred over fuses and oil circuit breakers owing to their efficacy in handling medium and high voltage. The macroeconomic factors driving the demand for gas circuit breakers include increasing government projects on high transmission lines.

Although the outlook on the market remains positive, challenges with funding and budgeting continue to impede demand for gas circuit breakers. The demand for gas circuit breakers is dependent on government projects, and fluctuations in allocation of budgets has traditionally led to sluggishness in demand.

North America continues to be one of the leading markets for gas circuit breakers globally. The demand for gas circuit breakers in North America is likely to remain concentrated in the US. Canada currently accounts for a minority share in the market, and it is likely that demand will grow at a steady pace in the country.

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Demand is also growing at a brisk pace in Western Europe, where demand from residential and industrial segment is likely to witness steady growth. The Western Europe gas circuit breaker market is likely to witness moderate growth during the assessment period, and grow at 3.3% CAGR during the assessment period. However, it is the Asia Pacific region which is likely to witness steady growth over the forecast period. Many countries in Asia Pacific are investing in electricity and power transmission lines, which is likely to fuel the demand for gas circuit breakers in the region.

The research study also analyzes the competition landscape in the region. According to the business intelligence study, some of the leading players in the market include CG Power and Industrial Solutions Limited, Schneider Electric SE, ABB Group, Toshiba Corporation, Siyuan Electric Co., Ltd., Mitsubishi Electric Corporation, General Electric, Hyosung Corporation, Siemens AG, Hitachi Ltd., Kirloskar Electric Company Ltd., Fuji Electric Co., Ltd., HICO America, Elimsan Switchgear Equipment & Electromechanical Industry And Trade Inc., Nissin Electric Co., Ltd., New Northeast Electric Group High Voltage Switchgear Co., Ltd., Koncar-Electronics and Informatics Inc., Hyundai Heavy Industries Co., Ltd., Stelmec Limited and ALSTOM SA.

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This release was published on openPR.