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, & 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 Summary
3.1 Scenario Analysis
3.1.1 Optimistic Scenario
3.1.2 Realistic Scenario
3.1.3 Pessimistic Scenario

4 Premium Insights
4.1 Attractive Opportunities in Circuit Breaker Market
4.2 Circuit Breaker Market, by Region
4.3 Circuit Breaker Market in Asia-Pacific, by End-user & Country
4.4 Circuit Breaker Market, by Installation
4.5 Circuit Breaker Market, by Voltage
4.6 Circuit Breaker Market, by End-user

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
5.3 Road to Recovery
5.4 COVID-19 Economic Assessment
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Growing Investments in Power Generation, Specifically from Renewable Energy Sources
5.5.1.2 Rising Demand for Reliable and Secure Power Supply Worldwide
5.5.1.3 Increasing Capacity Additions and Enhancements for T&D Networks
5.5.1.4 Accelerating Investments in Railway Sector
5.5.2 Restraints
5.5.2.1 Stringent Environmental and Safety Regulations for Sf6 Circuit Breakers
5.5.2.2 Competition from Circuit Breaker Market's Unorganized Sector
5.5.3 Opportunities
5.5.3.1 Growth in Investments in Smart Grid Technologies to Protect and Control Power Equipment
5.5.3.2 Replacement of Aging Grid Infrastructure and Need for Reliable T&D Networks
5.5.4 Challenges
5.5.4.1 Risk of Cybersecurity Attacks and Installation of Modernized Circuit Breakers
5.5.4.2 Impact of COVID-19 on Circuit Breakers
5.6 Trends
5.6.1 Revenue Shift & New Revenue Pockets for Circuit Breaker Manufacturers
5.7 Average Selling Price
5.8 Market Map
5.9 Trade Data Statistics
5.10 Value Chain Analysis
5.10.1 Raw Material Providers/Suppliers
5.10.2 Component Manufacturers
5.10.3 Assemblers/Manufacturers
5.10.4 Distributors (Buyers)/ End-users and Post-Sales Services
5.11 Technology Analysis
5.11.1 Technology Trends for Various Circuit Breaker Technologies
5.12 Circuit Breaker: Codes and Regulations
5.13 Innovations & Patent Registration
5.14 Case Study Analysis
5.14.1 Circuit Breakers for Energy Market
5.14.1.1 ABB Introduced HVDC (High Voltage Direct Current) Circuit Breakers to Transform Energy Market

6 Scenario Analysis
6.1 Introduction
6.1.1 Optimistic Scenario
6.1.2 Realistic Scenario
6.1.3 Pessimistic Scenario

7 Circuit Breaker Market, by Insulation Type
7.1 Introduction
7.2 Vacuum Circuit Breakers
7.2.1 Growing Focus on Circuit Breakers Being Environment-Friendly and Having Long Service Life is Likely to Their Increase Demand
7.3 Air Circuit Breakers
7.3.1 Surging Demand for Energy Storage is Likely to Drive Market
7.4 Gas Circuit Breakers
7.4.1 High Dielectric Property and Less Space Requirement for Installation to Increase Demand
7.5 Oil Circuit Breakers
7.5.1 High Dielectric Strength & Insulation are Likely to Boost Demand

8 Circuit Breaker Market, by Voltage
8.1 Introduction
8.2 Medium Voltage
8.2.1 Growing Power Distribution Infrastructures are Expected to Drive Market During Forecast Period
8.3 High Voltage
8.3.1 Investments in Electrical Transmission Network to Propel Demand for High-Voltage Circuit Breakers

9 Circuit Breaker Market, by Installation
9.1 Introduction
9.2 Indoor Circuit Breakers
9.2.1 Growing Industrial & Commercial Sectors in Developing Countries to Boost Market Growth
9.3 Outdoor Circuit Breakers
9.3.1 Increasing Installations of Solar and Wind Power Plants to Drive Market for this Segment

10 Circuit Breaker Market, by End-user
10.1 Introduction
10.2 T&D Utilities
10.2.1 Increasing Demand for Electricity and Replacement of Aging Infrastructure to Drive Market for this Segment
10.3 Power Generation
10.3.1 Growing Safety and Reliability of Power Plants to Propel Market Growth
10.4 Renewables
10.4.1 Rising Investments to Reduce Carbon Dioxide Emission to Accelerate Market Growth
10.5 Railways
10.5.1 Increasing Investments in Railway Electrification Systems to Drive Market

11 Circuit Breaker Market, by Region
11.1 Introduction
11.2 Asia-Pacific
11.3 Europe
11.4 North America
11.5.1 Import and Export Data
11.6 Middle East & Africa

12 Competitive Landscape
12.1 Key Players Strategies
12.2 Share Analysis of Top 5 Players
12.3 Market Evaluation Framework
12.4 Revenue Analysis of Top 5 Market Players
12.5 Company Evaluation Quadrant
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive
12.5.4 Participants
12.6 Competitive Leadership Mapping of Start-Ups
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Starting Blocks
12.6.4 Dynamic Companies
12.7 Competitive Scenario
12.7.1 Product Launches
12.7.2 Contracts & Agreements
12.7.3 Mergers & Acquisitions

13 Company Profiles
13.1 ABB
13.2 Siemens
13.3 Eaton
13.4 Schneider Electric
13.5 Mitsubishi Electric
13.6 Toshiba
13.7 Powell Industries
13.8 Cg Power and Industrial Solutions
13.9 Fuji Electric
13.10 Larsen & Toubro
13.11 Brush Group
13.12 Tavrida Electric
13.13 Secheron
13.14 Efacec Power Solutions
13.15 Hyundai Electric
13.16 TE Connectivity
13.17 Entec Electric & Electronic
13.18 Ls Electric
13.19 Schaltbau
13.2 Kirloskar Electric
13.20.1 Yueqing Aiso Electric
13.21 Sriwin Electric
13.22 Orecco
13.23 Ormazabal
13.24 Yueqing Liyond Electric
13.25 Safvolt Switchgears

14 Appendix

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