Global Vacuum Circuit Breakers Market Size By Product (High Voltage Circuit Breakers and Medium, Low Voltage Circuit Breakers), By Application (Electrical Equipment, Transportation), By Geographic Scope And Forecast

Vacuum Circuit Breakers Market Size And Forecast

Vacuum Circuit Breakers Market size was valued at USD 18.73 Billion in 2023 and is projected to reach USD 38.58 Billion By 2030, growing at a CAGR of 10% from 2024 to 2030. The growth of the Global Vacuum Circuit Breakers Market is being driven by increasing demand for power. The increasing technical demand from the distribution sector along with rising demand for smart grids, transmission, and distribution infrastructure is propelling the growth of the market. The Global Vacuum Circuit Breakers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Vacuum Circuit Breakers Market Definition

A circuit breaker that is used in transmission and distribution networks for the safety of the equipment and devices is known as a vacuum circuit breaker. The vacuum has high dielectric strength and hence can handle the load imbalance situations without breaking down of circuit. The vacuum circuit breakers perform various functions such as short circuit protection and switching on-off in case of a large load supply. The vacuum circuit breakers are preferred over conventional circuit breakers as they are suitable for both indoor and outdoor applications.

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Global Vacuum Circuit Breakers Market Overview

The growth of the Global Vacuum Circuit Breakers Market is being driven by increasing demand for power. The increasing technical demand from the distribution sector along with rising demand for smart grids, transmission, and distribution infrastructure is propelling the growth of the market. Furthermore, rapid industrialization and urbanization in emerging economies have led to the expansion of distribution and transmission infrastructure. However, some restraints are liming the growth of the Global Vacuum Circuit Breakers Market. The high cost associated with the infrastructure and technology has created setbacks for the growth of the Vacuum Circuit Breakers Market.

Global Vacuum Circuit Breakers Market Segmentation Analysis

The Global Vacuum Circuit Breakers Market is segmented on the basis of Product, Application, And Geography.

Vacuum Circuit Breakers Market, By Product

• High Voltage Circuit Breakers
• Medium and Low Voltage Circuit Breakers

Based on Product, The market is bifurcated into High Voltage Circuit Breakers and Medium and Low Voltage Circuit Breakers. Medium Voltage Circuit Breakers are dominating the Global Vacuum Circuit Breakers Market owing to their economic feasibility over High Voltage Circuit Breakers.

Vacuum Circuit Breakers Market, By Application

• Electrical Equipment
• Transportation
• Others

Based on Application, The market is bifurcated into Electrical Equipment, Transportation, and Others. The Electrical Equipment application contributed majorly to the rapid growth of the Global Vacuum Circuit Breakers Market.

Vacuum Circuit Breakers Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Regional Analysis, The market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by Asia pacific. The dominance of the Asia pacific is credited to the rapid industrialization and urbanization the countries such as India and China are contributing majorly to the growth of the market.

Key Players

• The "Global Vacuum Circuit Breakers Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• ABB, Siemens, Hitachi HVB, Koncar Electrical Industry, Alstom, Eaton, Schneider, General Electric, Toshiba, Meidensha Corporation, Shandong Taikai, Crompton Greaves, Hangshen Group, TGOOD, China XD Group.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Hitachi ABB Power Frameworks reported in September 2020 an essential realignment of its worldwide high-voltage switchgear assembling, designing, and administration impression to further develop seriousness in a unique market climate set apart by expanded contest.
• Compact SF6-free single-pole operation-capable 24-kV metal-clad switchgear with advanced, synchronous, and transient-free switching control was released by Vizimax and Tavrida Electric in June 2019. Vizimax's controlled switching devices were combined with Tavrida's vacuum circuit breakers and switchgear in this new product.
• Siemens introduced the type SDV-R non-arc-resistant and type SDV-R-AR arc-resistant medium-voltage outdoor distribution circuit breakers for renewable energy applications, such as wind power generation, in September 2020.
• Eaton Cummins Automated Transmission Technologies announced the launch of the Endurant XD series in September 2020, expanding the Endurant Automated Transmission lineup.
• Siemens purchased C&S Electric, an electrical and electronic equipment manufacturer, in January 2020 to meet the growing demand for electrification products. C&S Electric's low-voltage switchgear parts and boards, low and medium-voltage power busbars, and assurance and metering gadgets organizations were undeniably remembered for the obtaining.
• Eaton acquired Innovative Switchgear Solutions in July 2019 to expand its medium-voltage electrical equipment portfolio. Innovative Switchgear Solutions is a medium-voltage electrical equipment manufacturer. The firm was active in the North American market. Eaton's Systems and Services business segment was strengthened as a result of this acquisition.
• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as
• Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Vacuum Circuit Breakers Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. The porter's five forces model can be used to assess the competitive landscape in Vacuum Circuit Breakers Market, gauge the attractiveness of a certain sector, and assess investment possibilities.