Market Overview:
The global breaker boom system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for breaker boom systems in mining and construction applications. Additionally, the growing demand for electric vehicles is also expected to boost the growth of the global breaker boom system market during the forecast period. The small range segment is projected to grow at a CAGR of 6% from 2018 to 2030, while the medium range segment is projected to grow at a CAGR of 4%. The large range segment is projected to grow at a CAGR of 3%.
Product Definition:
A breaker boom system is a piece of equipment used by electric utilities to isolate faults on the transmission and distribution system. The breaker boom system consists of a number of large insulated switches mounted on an overhead boom. These switches are used to open or close circuits on the transmission and distribution system.
Small Range:
Small range is the part of electromagnetic spectrum which has low energy than ionizing radiations. It includes radio waves, infrared radiation, ultraviolet rays and X-rays. Small range is used in Breaker Boom System for detecting objects nearby by generating an electric current from high voltage electricity. The system works on the principle of induction where a strong magnetic field produces an electrical current in a coil of wire inside the vehicle which creates a signal to be detected by the sensor unit installed near it.
Medium Range:
The medium range is used to transfer the power from one point to another and it works on the principle of electromagnetic induction. The equipment which are designed for long-distance transmission of electrical energy, generally use a medium range system as they provide flexibility in terms of operating distance.
High Frequency (HF) - operates at an average power level between 30 kW.
Application Insights:
The construction segment accounted for the largest share of over 40% in 2017. The increasing number of infrastructure projects, such as railway networks, roads and bridges across the globe is expected to boost the breaker boom system market over the forecast period. For instance, according to a study conducted by EY in 2018, around USD 1 trillion worth of construction projects are currently ongoing globally which includes residential buildings & infrastructure development along with commercial constructions.
The mining application is projected to witness significant growth at a CAGR exceeding 8% from 2018 to 2030 owing to rising demand for mineral resources including copper (Cu), gold ( Au), silver (Ag) and others such as lithium (Li) and phosphate rock among others across various industries worldwide. Breaker booms are used extensively in underground mines where space is limited due largely to high production rates requiring large equipment volumes resulting into increased demand for breakers boom systems during mining operations.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of a large number of mining companies in the region. The U.S., being one of the most developed countries, is also home to many major mining companies across various sectors such as iron and steel, coal, gold and others.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing herring industry growth in China.
The Middle East & Africa was another key regional segment accounting for nearly 25% revenue share in 2017 due primarily on oil & gas sector growth particularly around Saudi Arabia which remains an important economic activity across this region despite ongoing geopolitical uncertainties between Iran/Iraq.
Growth Factors:
- Increasing demand for energy efficient and environment-friendly systems
- Growing awareness about the benefits of Breaker Boom System among consumers
- Rising investments in smart grid infrastructure across the globe
- Proliferation of microgrid technology
- Development of innovative Breaker Boom System products and applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Breaker Boom System Market Research Report
By Type
Small Range, Medium Range, Large Range
By Application
Mining, Construction
By Companies
Sandvik, Tecman, Indeco North America, NPK Construction Equipment, Okada Aiyon, McQuaid Engineering, RamBooms, Delta Engineering, TOPA, Breaker Technology (Astec), DAVON, Pierce Pacific, Nakoda Machinery, Giant Hydraulic Tech
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Breaker Boom System Market Report Segments:
The global Breaker Boom System market is segmented on the basis of:
Types
Small Range, Medium Range, Large Range
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
Mining, Construction
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:
- Sandvik
- Tecman
- Indeco North America
- NPK Construction Equipment
- Okada Aiyon
- McQuaid Engineering
- RamBooms
- Delta Engineering
- TOPA
- Breaker Technology (Astec)
- DAVON
- Pierce Pacific
- Nakoda Machinery
- Giant Hydraulic Tech
Highlights of The Breaker Boom System 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:
- Small Range
- Medium Range
- Large Range
- By Application:
- Mining
- Construction
- 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 Boom System 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
The Breaker Boom System is a patented technology that uses sound waves to break glass. The system is designed to be used in emergency situations, such as when someone breaks a window and needs to get out.
Some of the key players operating in the breaker boom system market are Sandvik, Tecman, Indeco North America, NPK Construction Equipment, Okada Aiyon, McQuaid Engineering, RamBooms, Delta Engineering, TOPA, Breaker Technology (Astec), DAVON, Pierce Pacific, Nakoda Machinery, Giant Hydraulic Tech.
The breaker boom system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Breaker Boom System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Breaker Boom System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Breaker Boom System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Breaker Boom System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Breaker Boom System Market Size & Forecast, 2018-2028
4.5.1 Breaker Boom System Market Size and Y-o-Y Growth
4.5.2 Breaker Boom System Market Absolute $ Opportunity
Chapter 5 Global Breaker Boom System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Breaker Boom System Market Size Forecast by Type
5.2.1 Small Range
5.2.2 Medium Range
5.2.3 Large Range
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Breaker Boom System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Breaker Boom System Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Breaker Boom System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Breaker Boom System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Breaker Boom System Analysis and Forecast
9.1 Introduction
9.2 North America Breaker Boom System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Breaker Boom System Market Size Forecast by Type
9.6.1 Small Range
9.6.2 Medium Range
9.6.3 Large Range
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Breaker Boom System Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Breaker Boom System Analysis and Forecast
10.1 Introduction
10.2 Europe Breaker Boom System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Breaker Boom System Market Size Forecast by Type
10.6.1 Small Range
10.6.2 Medium Range
10.6.3 Large Range
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Breaker Boom System Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Breaker Boom System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Breaker Boom System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Breaker Boom System Market Size Forecast by Type
11.6.1 Small Range
11.6.2 Medium Range
11.6.3 Large Range
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Breaker Boom System Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Breaker Boom System Analysis and Forecast
12.1 Introduction
12.2 Latin America Breaker Boom System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Breaker Boom System Market Size Forecast by Type
12.6.1 Small Range
12.6.2 Medium Range
12.6.3 Large Range
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Breaker Boom System Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Breaker Boom System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Breaker Boom System Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Breaker Boom System Market Size Forecast by Type
13.6.1 Small Range
13.6.2 Medium Range
13.6.3 Large Range
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Breaker Boom System Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Breaker Boom System Market: Competitive Dashboard
14.2 Global Breaker Boom System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik
14.3.2 Tecman
14.3.3 Indeco North America
14.3.4 NPK Construction Equipment
14.3.5 Okada Aiyon
14.3.6 McQuaid Engineering
14.3.7 RamBooms
14.3.8 Delta Engineering
14.3.9 TOPA
14.3.10 Breaker Technology (Astec)
14.3.11 DAVON
14.3.12 Pierce Pacific
14.3.13 Nakoda Machinery
14.3.14 Giant Hydraulic Tech
