Market Overview:
The global oil circuit breaker 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 oil circuit breakers in transmission and distribution, renewable, power generation, and railways applications. Additionally, the growing demand for energy efficient and reliable electrical equipment is also contributing to the growth of this market.
Product Definition:
An oil circuit breaker (OCB) is a type of electrical switch that breaks the current flow in an electrical circuit by making use of an oil-filled chamber that is placed between the two contacts. When the current exceeds the rating of the OCB, it will arc across the gap, vaporizing any liquid present and creating a high pressure that will cause the contacts to separate. The use of oil as opposed to air or other gases has a number advantages: it provides better insulation, prevents sparks from jumping between contacts, and can withstand higher pressures.
Low Voltage Circuit Breaker:
Low voltage circuit breakers are used to protect the equipment from short circuits, over current and high temperature. They have applications in transformers, switch mode power supply, electronic components and solar panels among others. The growing renewable energy market is expected to drive the growth of low voltage circuit breaker market over the forecast period.
The major challenge faced by this industry is increasing awareness about its benefits across various end-use industries such as oil & gas.
Medium Voltage Circuit Breaker:
The medium voltage circuit breakers are used in the oil circuit breakers market. The medium voltage circuit breakers have two terminals and an insulation barrier that separates the terminals. Medium voltage circuits can be operated at higher frequencies than low or high voltage circuits; however, they are usually powered by sources such as electricity or battery.
Application Insights:
The global demand for oil circuit breakers is expected to witness growth owing to the growing need for protection of electrical and mechanical equipment against over-voltage, over-current or under-voltage. The transmission and distribution segment dominated the overall market in terms of revenue share in 2017. This can be attributed to a large number of power stations, industrial units as well as commercial and residential buildings that use electricity generated from fossil fuels such as coal, gas or oil.
In addition, increasing penetration of renewable energy sources has led to an increase in the number of wind turbines across various regions which has further driven up product demand there. Furthermore, rapid urbanization along with rising per capita consumption rates have resulted in an increased requirement for electricity across developing countries including China India & Brazil which is also anticipated fuel industry growth during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In addition, rising investments in renewable energy projects are anticipated to drive the market further. For instance, China has set an ambitious target of installing 150 GW of solar panels by 2020 which would require massive amounts of circuit breakers across the country.
North America accounted for a significant share in 2017 owing to growing demand from industries including manufacturing and oil & gas sectors across U.S., Canada, and Mexico region due to increased imports from other countries coupled with exports within North America region will also boost product demand over next eight years (2030).
Growth Factors:
- Increasing demand for oil circuit breakers from the power sector as a result of the growing need for reliable and safe power supply.
- Rising investments in renewable energy sources such as solar and wind, which is expected to lead to an increase in demand for oil circuit breakers over the forecast period.
- Growing concerns over climate change and its impact on the environment is driving governments around the world to invest in renewable energy sources, thereby boosting growth of the oil circuit breaker market.
- The increasing use of smart grids across developed countries is also anticipated to fuel growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Circuit Breaker Market Research Report
By Type
Low Voltage Circuit Breaker, Medium Voltage Circuit Breaker, High Voltage Circuit Breaker
By Application
Transmission and Distribution, Renewable, Power Generation, Railways
By Companies
ABB, Eaton Corporation, Mitsubishi Electric Power Products, Schneider Electric, Siemens, Camsco Electric, G&W Electric, Kirloskar Electric, L&T, Powell Industries, ABB, Sensata Technologies, Toshiba
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Oil Circuit Breaker Market Report Segments:
The global Oil Circuit Breaker market is segmented on the basis of:
Types
Low Voltage Circuit Breaker, Medium Voltage Circuit Breaker, High Voltage Circuit Breaker
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
Transmission and Distribution, Renewable, Power Generation, Railways
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
- Eaton Corporation
- Mitsubishi Electric Power Products
- Schneider Electric
- Siemens
- Camsco Electric
- G&W Electric
- Kirloskar Electric
- L&T
- Powell Industries
- ABB
- Sensata Technologies
- Toshiba
Highlights of The Oil Circuit Breaker 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:
- Low Voltage Circuit Breaker
- Medium Voltage Circuit Breaker
- High Voltage Circuit Breaker
- By Application:
- Transmission and Distribution
- Renewable
- Power Generation
- Railways
- 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 Oil Circuit Breaker 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?
An oil circuit breaker is a safety device that interrupts the flow of oil if it senses an abnormal increase in pressure. This can prevent an uncontrolled fire from occurring in an oil-filled system.
Some of the major companies in the oil circuit breaker market are ABB, Eaton Corporation, Mitsubishi Electric Power Products, Schneider Electric, Siemens, Camsco Electric, G&W Electric, Kirloskar Electric, L&T, Powell Industries, ABB, Sensata Technologies, Toshiba.
The oil circuit breaker market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Circuit Breaker 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 Oil Circuit Breaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Circuit Breaker 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 Oil Circuit Breaker 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 Oil Circuit Breaker Market Size & Forecast, 2018-2028
4.5.1 Oil Circuit Breaker Market Size and Y-o-Y Growth
4.5.2 Oil Circuit Breaker Market Absolute $ Opportunity
Chapter 5 Global Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Type
5.2.1 Low Voltage Circuit Breaker
5.2.2 Medium Voltage Circuit Breaker
5.2.3 High Voltage Circuit Breaker
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Applications
6.2.1 Transmission and Distribution
6.2.2 Renewable
6.2.3 Power Generation
6.2.4 Railways
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Circuit Breaker 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 Oil Circuit Breaker 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 Oil Circuit Breaker Analysis and Forecast
9.1 Introduction
9.2 North America Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Type
9.6.1 Low Voltage Circuit Breaker
9.6.2 Medium Voltage Circuit Breaker
9.6.3 High Voltage Circuit Breaker
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 Oil Circuit Breaker Market Size Forecast by Applications
9.10.1 Transmission and Distribution
9.10.2 Renewable
9.10.3 Power Generation
9.10.4 Railways
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 Oil Circuit Breaker Analysis and Forecast
10.1 Introduction
10.2 Europe Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Type
10.6.1 Low Voltage Circuit Breaker
10.6.2 Medium Voltage Circuit Breaker
10.6.3 High Voltage Circuit Breaker
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 Oil Circuit Breaker Market Size Forecast by Applications
10.10.1 Transmission and Distribution
10.10.2 Renewable
10.10.3 Power Generation
10.10.4 Railways
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 Oil Circuit Breaker Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Type
11.6.1 Low Voltage Circuit Breaker
11.6.2 Medium Voltage Circuit Breaker
11.6.3 High Voltage Circuit Breaker
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 Oil Circuit Breaker Market Size Forecast by Applications
11.10.1 Transmission and Distribution
11.10.2 Renewable
11.10.3 Power Generation
11.10.4 Railways
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 Oil Circuit Breaker Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil Circuit Breaker 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 Oil Circuit Breaker Market Size Forecast by Type
12.6.1 Low Voltage Circuit Breaker
12.6.2 Medium Voltage Circuit Breaker
12.6.3 High Voltage Circuit Breaker
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 Oil Circuit Breaker Market Size Forecast by Applications
12.10.1 Transmission and Distribution
12.10.2 Renewable
12.10.3 Power Generation
12.10.4 Railways
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) Oil Circuit Breaker Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil Circuit Breaker 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) Oil Circuit Breaker Market Size Forecast by Type
13.6.1 Low Voltage Circuit Breaker
13.6.2 Medium Voltage Circuit Breaker
13.6.3 High Voltage Circuit Breaker
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) Oil Circuit Breaker Market Size Forecast by Applications
13.10.1 Transmission and Distribution
13.10.2 Renewable
13.10.3 Power Generation
13.10.4 Railways
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 Oil Circuit Breaker Market: Competitive Dashboard
14.2 Global Oil Circuit Breaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton Corporation
14.3.3 Mitsubishi Electric Power Products
14.3.4 Schneider Electric
14.3.5 Siemens
14.3.6 Camsco Electric
14.3.7 G&W Electric
14.3.8 Kirloskar Electric
14.3.9 L&T
14.3.10 Powell Industries
14.3.11 ABB
14.3.12 Sensata Technologies
14.3.13 Toshiba
