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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618138

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618138

Global Gas Circuit Breaker Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

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PAGES: 100 Pages
DELIVERY TIME: 2-3 business days
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The Global Gas Circuit Breaker Market was valued at USD 1.7 billion in 2023 and is projected to grow at a CAGR of 10.9% from 2024 to 2032. This growth is driven by rising assets in electricity setup, escalating demand for reliable power, and a transition to cleaner energy sources. Known for their superior arc-quenching capabilities, GCBs are essential in high-voltage applications, enhancing operational safety and efficiency. The surge in electricity consumption across industrial and commercial sectors, along with the expansion of renewable energy projects, has fueled the demand for advanced circuit breakers. The market benefits from smart grid structures and the innovation of aging grid structures, especially in developed regions such as North America and Europe.

In the Asia Pacific region, rapid urbanization and industrialization in countries such as China and India are significant growth drivers. Technological advancements, including the development of environmental-friendly gas alternatives, are anticipated to build the future of the gas industry by reducing environmental impact while meeting the demand for high-performance electrical systems. The medium-voltage segment is anticipated to surpass USD 2.7 billion by 2032. The increasing need for stable and constant power supply across residential, commercial, and industrial sectors drives this demand. Medium-voltage gas circuit breakers are vital for managing the dependability and security of electricity distribution systems, particularly in applications ranging from 1 to 52 kV.

Based on installation type, the indoor segment is expected to register a CAGR of over 2.7% through 2032. Limited space for large outdoor substations makes indoor gas circuit breakers attractive. These circuit breakers are compact and efficient solutions that can be easily mounted within buildings, making them unique for urban environments where space is limited. Their ability to fit into confined spaces without compromising performance is a key driver of indoor segment growth. The U.S. gas circuit breaker market is expected to exceed USD 545 million by 2032. Significant efforts to upgrade and modernize aging power infrastructure in the U.S. are a primary driver.With increasing investments in smart grid technologies, utilities are focused on replacing outdated equipment with advanced solutions like gas circuit breakers. These circuit breakers are essential for ensuring the reliability, safety, and efficiency of modern electrical grids, making them crucial components in infrastructure upgrades.

Market Scope
Start Year2023
Forecast Year2024-2032
Start Value$1.7 Billion
Forecast Value$4.6 Billion
CAGR10.9%
Product Code: 7480

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definition
  • 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 Industry synopsis, 2021 - 2032

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
  • 3.2 Regulatory landscape
  • 3.3 Industry impact forces
    • 3.3.1 Growth drivers
    • 3.3.2 Industry pitfalls & challenges
  • 3.4 Growth potential analysis
  • 3.5 Porter's analysis
    • 3.5.1 Bargaining power of suppliers
    • 3.5.2 Bargaining power of buyers
    • 3.5.3 Threat of new entrants
    • 3.5.4 Threat of substitutes
  • 3.6 PESTEL analysis

Chapter 4 Competitive landscape, 2024

  • 4.1 Strategic dashboard
  • 4.2 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Voltage, 2021 - 2032 (USD Million, '000 Units)

  • 5.1 Key trends
  • 5.2 Medium
  • 5.3 High
  • 5.4 Digital

Chapter 6 Market Size and Forecast, By Installation, 2021 - 2032 (USD Million, '000 Units)

  • 6.1 Key trends
  • 6.2 Indoor
  • 6.3 Outdoor

Chapter 7 Market Size and Forecast, By Application, 2021 - 2032 (USD Million, '000 Units)

  • 7.1 Key trends
  • 7.2 Power distribution
  • 7.3 Power transmission

Chapter 8 Market Size and Forecast, By End Use, 2021 - 2032 (USD Million, '000 Units)

  • 8.1 Key trends
  • 8.2 Industrial
  • 8.3 Utility

Chapter 9 Market Size and Forecast, By Region, 2021 - 2032 (USD Million, '000 Units)

  • 9.1 Key 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 Spain
    • 9.3.4 Italy
    • 9.3.5 UK
    • 9.3.6 Austria
    • 9.3.7 Netherlands
    • 9.3.8 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
    • 9.5.5 Oman
    • 9.5.6 South Africa
  • 9.6 Latin America
    • 9.6.1 Brazil
    • 9.6.2 Argentina
    • 9.6.3 Peru

Chapter 10 Company Profiles

  • 10.1 ABB
  • 10.2 Al-Amin Enterprises
  • 10.3 Casey Equipment Corporation
  • 10.4 Crompton Greaves
  • 10.5 DILO Company
  • 10.6 General Electric
  • 10.7 Hitachi
  • 10.8 Megger
  • 10.9 Meidensha Corporation
  • 10.10 Mitsubishi Electric
  • 10.11 Pfiffner Group
  • 10.12 Rockwill
  • 10.13 Schneider Electric
  • 10.14 Siemens Energy
  • 10.15 Toshiba International Corporation
  • 10.16 Volcano Electrical Technology
  • 10.17 Wolun Electric Technology
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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