Market Overview:
The global breaker condition monitors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for breaker condition monitors from various end-use industries, such as electronic equipment, safety management of power systems, and others. In addition, the growing awareness about the benefits of using breaker condition monitors is also contributing to the growth of this market.
Product Definition:
A breaker condition monitor is a device used on electrical power systems to detect the conditions of circuit breakers and relay the information to a centralized location. The information can be used to make decisions about when to operate the breakers, trip them, or keep them in service.
Stationary:
Stationary is a device that remains in the same place throughout the operation of a process. It can be used for multiple processes and operations, which include changing or monitoring some variable during an ongoing process. The most common examples are pressure sensors, position sensors, switches that turn on/off lights and so on.
The market size for stationary is expected to grow at a CAGR of XX% from 2016 to 2024 due to its increasing usage in breaker condition monitors market.
Portable:
The portable device is a tool that helps in monitoring the electrical equipment such as circuit breakers, fuses, and other related devices. It is also used to measure the parameters of an electrical system such as voltage and current. The main function of this device includes measuring & testing functions which are used by electricians for their work.
Application Insights:
The others segment includes chemical, power system and electronic equipment. The stationary type of breakers are widely used for the safety management of power systems while portable types are commonly used for protection against overloading in electrical installations. Electronic equipment is anticipated to be the fastest-growing application segment during the forecast period owing to increasing demand from industrial applications such as oil & gas, manufacturing and mining sectors.
Stationary condition monitors provide continuous monitoring throughout a range of operating conditions which include normal load, overload or tripping condition along with any other abnormal operating state indicated by trip or overload indicator mechanism incorporated in them. These devices can also indicate if there is a problem with circuit breaker operation which may require maintenance service call before it gets worse leading to increased reliability on part of manufacturers offering these products globally thereby boosting product demand across various industries globally over the projected period.
Power system monitor provides real-time information about active power transformers so that they can be quickly identified.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electricity in emerging economies, such as China and India. Furthermore, growing industrialization coupled with rapidly expanding manufacturing sector will drive the market further. The presence of key breaker condition monitor manufacturers in this region also contributes towards regional growth.
North America was estimated at USD X million in 2017 and is projected to grow at a significant rate over the forecast period due to rising investments by governments for improving power infrastructure security systems across U.S., Canada, and Mexico countries are anticipated boost market growth during the forecast period North America).
Growth Factors:
- Increasing demand for Breaker Condition Monitors from the utility sector as a result of the growing need for reliable and efficient power transmission and distribution.
- Rising investments in smart grid infrastructure across the globe, which is expected to create opportunities for Breaker Condition Monitors market players over the next few years.
- Growing popularity of breaker failure detection systems among utilities as they help reduce downtime and improve safety levels. This is likely to boost demand for Breaker Condition Monitors in the near future.
- Proliferation of renewable energy sources such as solar and wind, which are expected to drive investments in grid modernization projects, thereby boosting growth prospects for Breaker Condition Monitors market players worldwide. 5) The increasing number of aging power grids across developed countries is anticipated to create lucrative opportunities for breaker monitoring system providers in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Breaker Condition Monitors Market Research Report
By Type
Stationary, Portable
By Application
Electronic equipment, Safety Management of Power Systems, Others
By Companies
ABB, Siemens, Treetech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Breaker Condition Monitors Market Report Segments:
The global Breaker Condition Monitors market is segmented on the basis of:
Types
Stationary, Portable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic equipment, Safety Management of Power Systems, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Treetech
Highlights of The Breaker Condition Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stationary
- Portable
- By Application:
- Electronic equipment
- Safety Management of Power Systems
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Breaker Condition Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Breaker Condition Monitors (BCM) are a type of monitoring system used to detect and indicate when an electrical breaker has tripped. BCMs typically include sensors that monitor the voltage, current, and amperage in a circuit. When one of these parameters reaches a preset threshold, the BCM will trigger an alarm or notification.
Some of the major companies in the breaker condition monitors market are ABB, Siemens, Treetech.
The breaker condition monitors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Breaker Condition Monitors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Breaker Condition Monitors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Breaker Condition Monitors Market - Supply Chain
4.5. Global Breaker Condition Monitors Market Forecast
4.5.1. Breaker Condition Monitors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Breaker Condition Monitors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Breaker Condition Monitors Market Absolute $ Opportunity
5. Global Breaker Condition Monitors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Breaker Condition Monitors Market Size and Volume Forecast by Type
5.3.1. Stationary
5.3.2. Portable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Breaker Condition Monitors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Breaker Condition Monitors Market Size and Volume Forecast by Application
6.3.1. Electronic equipment
6.3.2. Safety Management of Power Systems
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Breaker Condition Monitors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Breaker Condition Monitors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Breaker Condition Monitors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Breaker Condition Monitors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Breaker Condition Monitors Demand Share Forecast, 2019-2026
9. North America Breaker Condition Monitors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Breaker Condition Monitors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Breaker Condition Monitors Market Size and Volume Forecast by Application
9.4.1. Electronic equipment
9.4.2. Safety Management of Power Systems
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Breaker Condition Monitors Market Size and Volume Forecast by Type
9.7.1. Stationary
9.7.2. Portable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Breaker Condition Monitors Demand Share Forecast, 2019-2026
10. Latin America Breaker Condition Monitors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Breaker Condition Monitors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Breaker Condition Monitors Market Size and Volume Forecast by Application
10.4.1. Electronic equipment
10.4.2. Safety Management of Power Systems
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Breaker Condition Monitors Market Size and Volume Forecast by Type
10.7.1. Stationary
10.7.2. Portable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Breaker Condition Monitors Demand Share Forecast, 2019-2026
11. Europe Breaker Condition Monitors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Breaker Condition Monitors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Breaker Condition Monitors Market Size and Volume Forecast by Application
11.4.1. Electronic equipment
11.4.2. Safety Management of Power Systems
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Breaker Condition Monitors Market Size and Volume Forecast by Type
11.7.1. Stationary
11.7.2. Portable
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Breaker Condition Monitors Demand Share, 2019-2026
12. Asia Pacific Breaker Condition Monitors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Breaker Condition Monitors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Breaker Condition Monitors Market Size and Volume Forecast by Application
12.4.1. Electronic equipment
12.4.2. Safety Management of Power Systems
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Breaker Condition Monitors Market Size and Volume Forecast by Type
12.7.1. Stationary
12.7.2. Portable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Breaker Condition Monitors Demand Share, 2019-2026
13. Middle East & Africa Breaker Condition Monitors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Breaker Condition Monitors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Breaker Condition Monitors Market Size and Volume Forecast by Application
13.4.1. Electronic equipment
13.4.2. Safety Management of Power Systems
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Breaker Condition Monitors Market Size and Volume Forecast by Type
13.7.1. Stationary
13.7.2. Portable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Breaker Condition Monitors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Breaker Condition Monitors Market: Market Share Analysis
14.2. Breaker Condition Monitors Distributors and Customers
14.3. Breaker Condition Monitors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Treetech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook