Market Overview:
The global medium voltage and high voltage circuit breakers 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 energy, growing investments in renewable energy sources, and rising concerns about grid security. Medium voltage and high voltage circuit breakers are used for protection of equipment and personnel from electrical faults or short circuits. These circuit breakers are classified into vacuum circuit breaker, SF6 (sulfur hexafluoride) circuit breaker, and oil-circuit breaker based on their operating principle. Based on type, the medium voltage and high voltage circuit breakers market is segmented into vacuum Circuit Breaker (VCB), SF6 Circuit Breaker (SF6CB), and oil-Circuit Breaker (OCB). The VCB segment is expected to account for the largest share of the global medium voltage & high Voltage Circuit Breakers Market in 2018. This can be attributed to its advantages such as low maintenance cost, compact size, easy installation & operation, long life cycle etc., over other types of circuit breakers. However, with increasing concerns about environment safety & sustainability issues related to SF6 gas usage in electrical equipment’s such as switchgear & transformers; there has been a shift towards adoption of alternative technologies such as air insulated switchgear (AISG) which uses air instead of gas insulation resulting in lower environmental impact.
Product Definition:
Medium voltage (MV) circuit breakers are electrical devices used to protect an electrical circuit from damage caused by an overload or short circuit. MV breakers are typically rated between 1 and 72 kilovolts (kV), with the most common ratings being 15, 25, and 40 kV. High voltage (HV) circuit breakers are similar devices used to protect high-voltage circuits from damage. HV breakers typically have ratings of 72 kV or greater.
Both MV and HV circuit breakers serve a critical role in protecting electrical systems from damage, which can lead to costly repairs or even safety risks if not properly managed. By automatically interrupting power when an overload or short occurs, these devices help prevent fires, electrocutions, and other hazardous events from happening.
Vacuum Circuit Breaker:
Vacuum circuit breakers (VCB) are used to interrupt the electric current flow in case of an abnormal situation. They have a wide range of applications in medium voltage and high voltage circuit breakers market. In low-voltage switchgear, VCBs are used as tripping devices for switching equipment; while in high-voltage switchgear, they serve as insulation displacement devices that interrupt the live parts when the overcurrent condition is detected.
SF6 Circuit Breaker:
SF6 circuit breaker is a device used to interrupt the flow of electric current in medium voltage and high voltage circuit breakers. It is mainly used in equipment that has an insulation resistance of more than 1,000 MGOe and a capacity below 2,200 MVA. SF6 circuit breakers are widely utilized across various industries including power generation & distribution, oil & gas chemical processing plants, petrochemical plants manufacturing facilities with multiple switchgear banks and main switches controlling different processes.
Application Insights:
Power industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Medium-voltage breakers are widely used in power generation plants, transmission & distribution networks, etc., as they offer reliable protection against line losses by interrupting electric currents when abnormal conditions are detected.
The manufacturing factory segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to increasing demand for MVD&HV circuit breakers from various industrial sectors such as oil & gas, chemical, petrochemical processing facilities and pharmaceuticals at their premises or off-site locations. These units help prevent damage caused by an electrical short circuit or overload on high voltage circuits that may result in fire or injury if not properly handled.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In 2016, Asia Pacific medium voltage & high voltage circuit breakers market accounted for a share of more than 30%. Increasing construction activities in developing countries are also anticipated to boost product demand. For instance, according to IEEFA, China constructed around 2 GW of new power capacity in 2017 representing around 20% of all new power capacity globally that year.
Europe is likely witness moderate growth owing with its well established manufacturing sector coupled with growing renewable energy production in Germany.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy conservation
- Development of smart grid technologies
- Growing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Voltage & High Voltage Circuit Breakers Market Research Report
By Type
Vacuum Circuit Breaker, SF6 Circuit Breaker, Oil Circuit Breakers
By Application
Power Industry, Manufacturing Factory, Others
By Companies
GE Grid Solutions, ABB Ltd, Hitachi, Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, Shandong Taikai High-Volt Swichgear, China XD Group, Schneider Electric, Fuji Electric, Sieyuan, Toshiba Corp, Pinggao Group, Changgao Electric Group, Beijing Beikai Electric, Xiamen Huadian Switchgear, Huayi Electric, Hangzhou Zhijiang
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Medium Voltage & High Voltage Circuit Breakers Market Report Segments:
The global Medium Voltage & High Voltage Circuit Breakers market is segmented on the basis of:
Types
Vacuum Circuit Breaker, SF6 Circuit Breaker, Oil Circuit Breakers
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
Power Industry, Manufacturing Factory, 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:
- GE Grid Solutions
- ABB Ltd
- Hitachi
- Siemens AG
- Eaton Corporation
- Mitsubishi Electric Corporation
- Shandong Taikai High-Volt Swichgear
- China XD Group
- Schneider Electric
- Fuji Electric
- Sieyuan
- Toshiba Corp
- Pinggao Group
- Changgao Electric Group
- Beijing Beikai Electric
- Xiamen Huadian Switchgear
- Huayi Electric
- Hangzhou Zhijiang
Highlights of The Medium Voltage & High Voltage Circuit Breakers 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:
- Vacuum Circuit Breaker
- SF6 Circuit Breaker
- Oil Circuit Breakers
- By Application:
- Power Industry
- Manufacturing Factory
- 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 Medium Voltage & High Voltage Circuit Breakers 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Medium voltage and high voltage circuit breakers are designed to protect electrical systems from overloads or surges. These devices can be used in homes, businesses, factories, and other places where electricity is used.
Some of the major companies in the medium voltage & high voltage circuit breakers market are GE Grid Solutions, ABB Ltd, Hitachi, Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, Shandong Taikai High-Volt Swichgear, China XD Group, Schneider Electric, Fuji Electric, Sieyuan, Toshiba Corp, Pinggao Group, Changgao Electric Group, Beijing Beikai Electric, Xiamen Huadian Switchgear, Huayi Electric, Hangzhou Zhijiang.
The medium voltage & high voltage circuit breakers 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 Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size & Forecast, 2018-2028
4.5.1 Medium Voltage & High Voltage Circuit Breakers Market Size and Y-o-Y Growth
4.5.2 Medium Voltage & High Voltage Circuit Breakers Market Absolute $ Opportunity
Chapter 5 Global Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
5.2.1 Vacuum Circuit Breaker
5.2.2 SF6 Circuit Breaker
5.2.3 Oil Circuit Breakers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
6.2.1 Power Industry
6.2.2 Manufacturing Factory
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Analysis and Forecast
9.1 Introduction
9.2 North America Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
9.6.1 Vacuum Circuit Breaker
9.6.2 SF6 Circuit Breaker
9.6.3 Oil Circuit Breakers
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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
9.10.1 Power Industry
9.10.2 Manufacturing Factory
9.10.3 Others
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 Medium Voltage & High Voltage Circuit Breakers Analysis and Forecast
10.1 Introduction
10.2 Europe Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
10.6.1 Vacuum Circuit Breaker
10.6.2 SF6 Circuit Breaker
10.6.3 Oil Circuit Breakers
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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
10.10.1 Power Industry
10.10.2 Manufacturing Factory
10.10.3 Others
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 Medium Voltage & High Voltage Circuit Breakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
11.6.1 Vacuum Circuit Breaker
11.6.2 SF6 Circuit Breaker
11.6.3 Oil Circuit Breakers
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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
11.10.1 Power Industry
11.10.2 Manufacturing Factory
11.10.3 Others
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 Medium Voltage & High Voltage Circuit Breakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Medium Voltage & High Voltage Circuit Breakers 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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
12.6.1 Vacuum Circuit Breaker
12.6.2 SF6 Circuit Breaker
12.6.3 Oil Circuit Breakers
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 Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
12.10.1 Power Industry
12.10.2 Manufacturing Factory
12.10.3 Others
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) Medium Voltage & High Voltage Circuit Breakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medium Voltage & High Voltage Circuit Breakers 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) Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Type
13.6.1 Vacuum Circuit Breaker
13.6.2 SF6 Circuit Breaker
13.6.3 Oil Circuit Breakers
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) Medium Voltage & High Voltage Circuit Breakers Market Size Forecast by Applications
13.10.1 Power Industry
13.10.2 Manufacturing Factory
13.10.3 Others
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 Medium Voltage & High Voltage Circuit Breakers Market: Competitive Dashboard
14.2 Global Medium Voltage & High Voltage Circuit Breakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Grid Solutions
14.3.2 ABB Ltd
14.3.3 Hitachi
14.3.4 Siemens AG
14.3.5 Eaton Corporation
14.3.6 Mitsubishi Electric Corporation
14.3.7 Shandong Taikai High-Volt Swichgear
14.3.8 China XD Group
14.3.9 Schneider Electric
14.3.10 Fuji Electric
14.3.11 Sieyuan
14.3.12 Toshiba Corp
14.3.13 Pinggao Group
14.3.14 Changgao Electric Group
14.3.15 Beijing Beikai Electric
14.3.16 Xiamen Huadian Switchgear
14.3.17 Huayi Electric
14.3.18 Hangzhou Zhijiang
