Vacuum Circuit Breaker Market - By Rated Current (< 500 A, 500 to 1500 A, 1500 to 2500 A, 2500 to 4500 A, > 4500 A), By Installation (Indoor, Outdoor), By Application (Power Distribution, Power Transmission), By End & Forecast, 2023

Description

List of Tables

Global Vacuum Circuit Breaker Market will exhibit 9.3% CAGR over 2023-2032, owing to the rising peak load demand in regions such as the Asia Pacific. According to the April 2023 Climate Group Report, with more than 50% of the global population residing in the Asia-Pacific region, it has evolved into a significant economic powerhouse. In some areas, energy demand could surge by up to 80% by 2040. Rising peak load demand places increased stress on electrical grids. These breakers provide reliable and efficient solutions for handling higher peak loads, ensuring grid stability and safety. As electricity demand surges, the market for vacuum circuit breakers could expand significantly.

The overall vacuum circuit breaker market is categorized based on rated current, installation, application, end-use, and region.

Regarding application, the power transmission segment could expand at over 8.5% CAGR through 2032. Vacuum circuit breakers are experiencing strong demand in power transmission applications due to their ability to handle high voltage levels and interrupt heavy electrical currents safely and swiftly. Their reliability, low maintenance requirements, and superior performance make them essential components in ensuring smooth and efficient operation of power transmission networks.

The industrial segment could dominate the end-use landscape of the vacuum circuit breaker industry, demonstrating above 9% growth rate over 2023-2032. The demand for vacuum circuit breakers in the industrial sector is driven by their capability to provide dependable circuit protection in critical industrial processes. These breakers offer fast and precise interruption of electrical faults, safeguarding equipment, minimizing downtime, and ensuring uninterrupted operations in diverse industrial applications, thus fueling their adoption.

Europe vacuum circuit breaker industry could grow at over 7% CAGR between 2023 and 2032. Strict environmental regulations and the need for eco-friendly alternatives have prompted the adoption of vacuum circuit breakers. For instance, the Investment Plan for Europe, featuring 24 funded projects with 29% of the allocated funds directed towards the energy sector, is advancing the European Commission's aim of establishing an Energy Union. In addition, Europe's focus on upgrading aging electrical infrastructure and increasing investments in renewable energy projects further drive the market expansion.

Product Code: 6187

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Vacuum circuit breaker industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Rated current trends
- 2.1.3 Installation trends
- 2.1.4 Application trends
- 2.1.5 End use trends
- 2.1.6 Regional trends

Chapter 3 Vacuum Circuit Breaker Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 COVID- 19 impact on the industry outlook
3.5 Growth potential analysis
3.6 Porter's Analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
3.7 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
- 4.2.1 Strategic dashboard

Chapter 5 Vacuum Circuit Breaker Market, By Rated Current ('000 Units, USD Million)

5.1 Key rated current trends
5.2 < 500 A
5.3 500 to 1,500 A
5.4 1,500 to 2,500 A
5.5 2,500 to 4,500 A
5.6 > 4,500 A

Chapter 6 Vacuum Circuit Breaker Market, By Installation ('000 Units, USD Million)

6.1 Key installation trends
6.2 Indoor
6.3 Outdoor

Chapter 7 Vacuum Circuit Breaker Market, By Application ('000 Units, USD Million)

7.1 Key application trends
7.2 Power distribution
7.3 Power transmission

Chapter 8 Vacuum Circuit Breaker Market, By End Use ('000 Units, USD Million)

8.1 Key end use trends
8.2 Residential
8.3 Commercial
8.4 Industrial
8.5 Utility

Chapter 9 Vacuum Circuit Breaker Market, By Region ('000 Units, USD Million)

9.1 Key regional trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 France
- 9.3.2 Germany
- 9.3.3 Italy
- 9.3.4 UK
- 9.3.5 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 Kuwait
9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Argentina

Chapter 10 Company Profiles

10.1 ABB
10.2 Mitsubishi Electric Corporation
10.3 Eaton Corporation
10.4 Toshiba International Corporation
10.5 Schneider Electric
10.6 General Electric
10.7 Siemens Energy
10.8 HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO., LTD.
10.9 WEG
10.10 LS ELECTRIC Co., Ltd
10.11 Powell Industries
10.12 Kirloskar Electric Company