Press release
Vacuum Circuit Breaker Market Strategy, Future Plans Analysis 2018 | Top Key Player: Schneider Electric SE, ABB Ltd. , Mitsubishi Electric Corporation , Alstom SA , and Siemens AG | Industry Growth Analysis Forecast to 2023
Vacuum circuit breakers are a cost-effective and reliable solution for smart control of power and load supply in the distribution systems. They require minimum power for control and operations. 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.
Market Segmentations:-
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.
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Industry Top key Players:-
• SSchneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• Alstom SA
• Siemens AG
• Toshiba
• Hyundai heavy industries
• Hitachi
• Fuji Electric
Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Vacuum Circuit Breaker Market, By End-Use
5.1 Introduction
5.2 Utilities
6 Global Vacuum Circuit Breaker Market, By Type
6.1 Introduction
6.2 Indoor VCB
7 Global Vacuum Circuit Breaker Market, By Voltage
7.1 Introduction
7.2 Medium
8 Global Vacuum Circuit Breaker Market, By Region
8.1 Introduction
8.2 North America
To be continued......
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Global Vacuum Circuit Breaker Market
Global Vacuum circuit breaker market is expected to witness phenomenal growth during the forecast period owing to increasing demand for power and electrical equipment, and existing circuit breakers becoming obsolete. Asia Pacific is dominating the market share in vacuum circuit breakers. Growing nations such as China, India, South Korea, and Japan are fastest growing nations in the region and demand more and more power per year. According to Department of Science and Technology of India, with rising electricity generation from unpredictable sources from renewable sources feeding the grid, the opportunities for smart grids are immense at distribution and transmission level.
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