Global Circuit Breaker Market (2020 To 2025) - Replacement Of Aging Grid Infrastructure And Need For Reliable T&D Networks Presents Opportunities

DUBLIN, Jan. 19, 2021 /PRNewswire/ -- The "Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End User (Transmission & Distribution Utilities, Power Generation, Renewables, &...
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DUBLIN, Jan. 19, 2021 /PRNewswire/ -- The "Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End User (Transmission & Distribution Utilities, Power Generation, Renewables, & Railways) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025.The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure power supply worldwide; increasing capacity additions and enhancements for T&D networks; and accelerating investments in railways sectors.

The gas circuit breaker segment is expected to hold the largest share of the circuit breaker market, by insulation type, during the forecast period.

The gas circuit breakers segment is estimated to lead the circuit breaker market during the forecast period. The market for a gas circuit breaker is driven by high dielectric property and less space requirement. The Asia Pacific is estimated to hold the largest share of the gas circuit breakers market, followed by Europe because of increasing investments in renewable energy resulting in the demand for the upgrades of the existing substations or the installation of new ones are expected to drive the market for SF6-based gas-insulated switchgear.

Asia Pacific: The fastest-growing market for circuit breaker.

The Asia Pacific is the fastest-growing market for circuit breakers, followed by Europe, and North America. The growth of this region is driven by increasing T&D network expansion and industrialization projects in countries such as China, Japan, and South Korea. For instance, The State Grid Corporation of China (SGCC) plans to invest USD 250 billion in electric power infrastructure upgrade, out of which USD 45 billion are planned to be invested in smart grids between 2018 and 2020. Korea Electric Power Corp. (KEPCO) of South Korea also plans to invest USD 7.18 billion for nationwide smart grid infrastructure, which is to be completed by 2030. All these investments are likely to create demand for circuit breakers in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary3.1 Scenario Analysis3.1.1 Optimistic Scenario3.1.2 Realistic Scenario3.1.3 Pessimistic Scenario 4 Premium Insights4.1 Attractive Opportunities in Circuit Breaker Market4.2 Circuit Breaker Market, by Region4.3 Circuit Breaker Market in Asia-Pacific, by End-user & Country4.4 Circuit Breaker Market, by Installation4.5 Circuit Breaker Market, by Voltage4.6 Circuit Breaker Market, by End-user 5 Market Overview5.1 Introduction5.2 COVID-19 Health Assessment5.3 Road to Recovery5.4 COVID-19 Economic Assessment5.5 Market Dynamics5.5.1 Drivers5.5.1.1 Growing Investments in Power Generation, Specifically from Renewable Energy Sources5.5.1.2 Rising Demand for Reliable and Secure Power Supply Worldwide5.5.1.3 Increasing Capacity Additions and Enhancements for T&D Networks5.5.1.4 Accelerating Investments in Railway Sector5.5.2 Restraints5.5.2.1 Stringent Environmental and Safety Regulations for Sf6 Circuit Breakers5.5.2.2 Competition from Circuit Breaker Market's Unorganized Sector5.5.3 Opportunities5.5.3.1 Growth in Investments in Smart Grid Technologies to Protect and Control Power Equipment5.5.3.2 Replacement of Aging Grid Infrastructure and Need for Reliable T&D Networks5.5.4 Challenges5.5.4.1 Risk of Cybersecurity Attacks and Installation of Modernized Circuit Breakers5.5.4.2 Impact of COVID-19 on Circuit Breakers5.6 Trends5.6.1 Revenue Shift & New Revenue Pockets for Circuit Breaker Manufacturers5.7 Average Selling Price5.8 Market Map5.9 Trade Data Statistics5.10 Value Chain Analysis5.10.1 Raw Material Providers/Suppliers5.10.2 Component Manufacturers5.10.3 Assemblers/Manufacturers5.10.4 Distributors (Buyers)/ End-users and Post-Sales Services5.11 Technology Analysis5.11.1 Technology Trends for Various Circuit Breaker Technologies5.12 Circuit Breaker: Codes and Regulations5.13 Innovations & Patent Registration5.14 Case Study Analysis5.14.1 Circuit Breakers for Energy Market5.14.1.1 ABB Introduced HVDC (High Voltage Direct Current) Circuit Breakers to Transform Energy Market 6 Scenario Analysis6.1 Introduction6.1.1 Optimistic Scenario6.1.2 Realistic Scenario6.1.3 Pessimistic Scenario 7 Circuit Breaker Market, by Insulation Type7.1 Introduction7.2 Vacuum Circuit Breakers7.2.1 Growing Focus on Circuit Breakers Being Environment-Friendly and Having Long Service Life is Likely to Their Increase Demand7.3 Air Circuit Breakers7.3.1 Surging Demand for Energy Storage is Likely to Drive Market7.4 Gas Circuit Breakers7.4.1 High Dielectric Property and Less Space Requirement for Installation to Increase Demand7.5 Oil Circuit Breakers7.5.1 High Dielectric Strength & Insulation are Likely to Boost Demand 8 Circuit Breaker Market, by Voltage8.1 Introduction8.2 Medium Voltage8.2.1 Growing Power Distribution Infrastructures are Expected to Drive Market During Forecast Period8.3 High Voltage8.3.1 Investments in Electrical Transmission Network to Propel Demand for High-Voltage Circuit Breakers 9 Circuit Breaker Market, by Installation9.1 Introduction9.2 Indoor Circuit Breakers9.2.1 Growing Industrial & Commercial Sectors in Developing Countries to Boost Market Growth9.3 Outdoor Circuit Breakers9.3.1 Increasing Installations of Solar and Wind Power Plants to Drive Market for this Segment 10 Circuit Breaker Market, by End-user10.1 Introduction10.2 T&D Utilities10.2.1 Increasing Demand for Electricity and Replacement of Aging Infrastructure to Drive Market for this Segment10.3 Power Generation10.3.1 Growing Safety and Reliability of Power Plants to Propel Market Growth10.4 Renewables10.4.1 Rising Investments to Reduce Carbon Dioxide Emission to Accelerate Market Growth10.5 Railways10.5.1 Increasing Investments in Railway Electrification Systems to Drive Market 11 Circuit Breaker Market, by Region11.1 Introduction11.2 Asia-Pacific11.3 Europe11.4 North America11.5.1 Import and Export Data11.6 Middle East & Africa 12 Competitive Landscape12.1 Key Players Strategies12.2 Share Analysis of Top 5 Players12.3 Market Evaluation Framework12.4 Revenue Analysis of Top 5 Market Players12.5 Company Evaluation Quadrant12.5.1 Stars12.5.2 Emerging Leaders12.5.3 Pervasive12.5.4 Participants12.6 Competitive Leadership Mapping of Start-Ups12.6.1 Progressive Companies12.6.2 Responsive Companies12.6.3 Starting Blocks12.6.4 Dynamic Companies12.7 Competitive Scenario12.7.1 Product Launches12.7.2 Contracts & Agreements12.7.3 Mergers & Acquisitions 13 Company Profiles13.1 ABB13.2 Siemens13.3 Eaton13.4 Schneider Electric13.5 Mitsubishi Electric13.6 Toshiba13.7 Powell Industries13.8 Cg Power and Industrial Solutions13.9 Fuji Electric13.10 Larsen & Toubro13.11 Brush Group13.12 Tavrida Electric13.13 Secheron13.14 Efacec Power Solutions13.15 Hyundai Electric13.16 TE Connectivity13.17 Entec Electric & Electronic13.18 Ls Electric13.19 Schaltbau13.2 Kirloskar Electric13.20.1 Yueqing Aiso Electric13.21 Sriwin Electric13.22 Orecco13.23 Ormazabal13.24 Yueqing Liyond Electric13.25 Safvolt Switchgears 14 Appendix

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