Vacuum Circuit Breaker Market by Voltage (Medium Volatge, and High Voltage) by Installation (Indoor, and Outdoor) by End-User (T&D Utilities, Power Generation, Renewables, Railways, and Industrial) and by Region - Global Trends and Forecast to 2027
A breaker which used vacuum as an arc extinction medium is called a vacuum circuit breaker. In this circuit breaker, the fixed and moving contact is enclosed in a permanently sealed vacuum interrupter. The arc is extinct as the contacts are separated in high vacuum. It is mainly used for medium voltage ranging from 11 KV to 33 KV. Vacuum circuit breaker has a high insulating medium for arc extinction as compared to the other circuit breaker. In comparison to various other insulating media used in circuit breaker as vacuum is a superior dielectric medium. It is better than all other media except air and SF6, which are employed at high pressure. When an arc is opened by moving apart the contacts in a vacuum, an interruption occurs at the first current zero. With the arc interruption, their dielectric strength increases up to a rate of thousands time as compared to other breakers.
Renewable sources such as photovoltaic and wind generators require a dedicated protection system. Hence, the circuit breaker is required to connect the power generating stations to switchyards and the electrical grid. It is one of the most important and critical components in an electrical system. It ensures power system protection and regulates power supply.
Growing concerns over the reliability of renewable power have boosted the market for renewable generation and distribution, in turn, driving the global market. Many utilities are focusing on renewable energy integration to decarbonize the power distribution system while ensuring environmental protection. Hence, renewable sources are likely to have a significant share in the total power generation mix in the future. An increase in renewable energy generation is stimulating a rise in demand for circuit breakers as they are essential for protecting and controlling electrical power systems.
Recent regulations to reduce/limit the power blackouts and upgrade the aging power networks across the world (particularly in North America, Europe, and parts of Asia Pacific) are creating a market for the entire power sector equipment value chain. Power systems depend on long chains of transmission lines, substations with transformers and circuit breakers, and many other equipment such as feeder circuits, reclosers, sectionalizers, fuses, cutouts, service transformers, and service drops. All must function well if the utility is to deliver power to its customers. Vacuum circuit breakers are required in utilities for the safe operation of grids. Vacuum circuit breakers protect assets such as generators and transformers that are involved in power generation plants as it offers the most insulating strength. The function of a circuit breaker is to detect the fault caused due to short circuit on the power transmission system and disconnect the equipment from the grid. Hence, replacing aging infrastructure will create an opportunity for the market to grow.
Based on capacity, the vacuum circuit breaker market is segmented into medium voltage and high voltage. Vacuum circuit breakers are most preferred for medium voltage switchgear applications due to their superior arc quenching. Based on application, the vacuum circuit breaker market is segmented in utility, commercial and industrial. The utility sector uses the vacuum circuit breakers on a large scale in substations and distribution centers. The growth of the high voltage segment is driven by the investments in electrical transmission network. To cater to the increasing demand for electricity in residential areas and to provide power supply with high reliability, many utilities are investing in high-voltage circuit breakers, which is expected to drive the high-voltage market.
Global vacuum circuit breaker market, based on installation, have been categorized is segmented in indoor and outdoor. Indoor vacuum circuit breakers are used in commercial structures and various types of industries. Increasing installations of solar and wind power plants is expected to drive the market for outdoor vacuum circuit breakers. In addition, the demand for outdoor circuit breakers is increasing as infrastructural developments are taking place in countries with high urbanization rates.
On the basis of end-user industry, the global vacuum circuit breaker market is segmented into T&D utilities, power generation, renewables, railways, and industrial. Increasing demand for electricity and replacement of aging infrastructures is expected to drive the market for T&D utilities. In addition, the increasing smart grid investments by T&D utilities is one of the key reasons behind the largest market shares of distribution utilities. Vacuum circuit breakers are widely used in utility power transmission systems, power generation unit, and power-distribution systems for railways, arc furnace applications, and industrial plants.
In terms of region, the global vacuum circuit breaker market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The growth of the market in Asia Pacific is attributed to the presence of several manufacturing industries and increasing awareness regarding the benefits of the implementation of testing and monitoring solutions. China, Japan, South Korea, and India are some of the prolific countries in Asia Pacific with a considerable presence of manufacturing industries; therefore, there is a continuous demand for vacuum circuit breaker systems in Asia Pacific.
The few of the major players operating in the global vacuum circuit breaker market include ABB, Schneider Electric, Siemens, Mitsubishi Electric Corporation, Eaton, Powell Industries, Sécheron, Alstom SA, LS Electric, Brush Group, and others.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. STUDY OBJECTIVES
1.2. MARKET DEFINITION
1.3. INCLUSIONS AND EXCLUSIONS
1.3.1. VACUUM CIRCUIT BREAKERMARKET, BY VOLTAGE: INCLUSION AND EXCLUSIONS
1.3.2. VACUUM CIRCUIT BREAKER MARKET, BY INSTALLATION: INCLUSION AND EXCLUSIONS
1.3.3. VACUUM CIRCUIT BREAKER MARKET, BY END-USER: INCLUSION AND EXCLUSIONS
1.4. MARKET SCOPE
1.4.1. MARKET SEGMENTATION
1.4.2. REGIONAL SCOPE
1.5. YEARS CONSIDERED
1.6. UNITS
1.7. CURRENCY
1.8. STAKEHOLDERS
2. RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. Key data from secondary sources
2.1.2. PRIMARY DATA
2.1.2.1. Key data from primary sources
2.1.2.2. Key industry insights
2.1.2.3. Breakdown of primary interviews
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. VACUUM CIRCUIT BREAKER MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. RESEARCH ASSUMPTIONS
2.5. LIMITATIONS
2.6. RISK ASSESSMENT
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
4.1. ATTRACTIVE OPPORTUNITIES IN GLOBAL VACUUM CIRCUIT BREAKER MARKET
4.2. VACUUM CIRCUIT BREAKER MARKET, BY REGION
4.3. ASIA PACIFIC: VACUUM CIRCUIT BREAKER MARKET, BY END-USER AND COUNTRY, 2021
4.4. VACUUM CIRCUIT BREAKER MARKET, BY VOLTAGE
4.5. VACUUM CIRCUIT BREAKER MARKET, BY INSTALLATION
4.6. VACUUM CIRCUIT BREAKER MARKET, BY END-USER
5. MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3. PRICING ANALYSIS
5.3.1. AVERAGE SELLING PRICE OF VACUUM CIRCUIT BREAKERS OFFERED BY KEY PLAYERS
5.3.2. AVERAGE SELLING PRICE TREND, BY VOLTAGE
5.4. VALUE/SUPPLY CHAIN ANALYSIS
5.5. TECHNOLOGY ANALYSIS
5.6. KEY CONFERENCES & EVENTS IN 2022-2023
5.7. MARKET MAP
5.8. PATENT ANALYSIS
5.9. TRADE ANALYSIS
5.10. CASE STUDY ANALYSIS
5.11. TARIFFS, CODES & REGULATIONS
5.11.1. REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12. PORTER’S FIVE FORCE ANALYSIS
5.13. KEY STAKEHOLDERS & BUYING CRITERIA
5.13.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
5.13.2. BUYING CRITERIA
6. VACUUM CIRCUIT BREAKER MARKET, BY VOLTAGE
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
6.1. INTRODUCTION
6.2. MEDIUM VOLTAGE
6.3. HIGH VOLTAGE
7. VACUUM CIRCUIT BREAKER MARKET, BY INSATLLATION
(Value (USD Million) -2020, 2021 2022-e, 2027-f)
7.1. INTRODUCTION
7.2. INDOOR
7.3. OUTDOOR
8. VACUUM CIRCUIT BREAKER MARKET, BY END-USER
(Value (USD Million) - 2020, 2021, 2022-e, 2027-f)
8.1. INTRODUCTION
8.2. T&D UTILITIES
8.3. POWER GENERATION
8.4. RENEWABLES
8.5. RAILWAYS
8.6. INDUSTRIAL
9. VACUUM CIRCUIT BREAKER MARKET, BY REGION
(Value (USD Million), Volume (Units) - 2020, 2021, 2022-e, 2027-f)
9.1. INTRODUCTION
9.2. ASIA PACIFIC
9.2.1. BY VOLTAGE
9.2.2. BY INSTALLATION
9.2.3. BY END-USER
9.2.4. BY COUNTRY
9.2.4.1. China
9.2.4.1.1. By end-user
9.2.4.2. India
9.2.4.3. South Korea
9.2.4.4. Australia
9.2.4.5. Japan
9.2.4.6. Rest of Asia Pacific
9.3. NORTH AMERICA
9.3.1. BY VOLTAGE
9.3.2. BY INSTALLATION
9.3.3. BY END-USER
9.3.4. BY COUNTRY
9.3.4.1. US
9.3.4.1.1. By end-user
9.3.4.2. Canada
9.3.4.3. Mexico
9.4. EUROPE
9.4.1. BY VOLTAGE
9.4.2. BY INSTALLATION
9.4.3. BY END-USER
9.4.4. BY COUNTRY
9.4.4.1. UK
9.4.4.1.1. By end-user
9.4.4.2. Germany
9.4.4.3. Italy
9.4.4.4. France
9.4.4.5. Russia
9.4.4.6. Rest of Europe
9.5. SOUTH AMERICA
9.5.1. BY VOLTAGE
9.5.2. BY INSTALLATION
9.5.3. BY END-USER
9.5.4. BY COUNTRY
9.5.4.1. Brazil
9.5.4.1.1. By end-user
9.5.4.2. Argentina
9.5.4.3. Rest of South America
9.6. MIDDLE EAST & AFRICA
9.6.1. BY VOLTAGE
9.6.2. BY INSTALLATION
9.6.3. BY END-USER
9.6.4. BY COUNTRY
9.6.4.1. Saudi Arabia
9.6.4.1.1. By end-user
9.6.4.2. UAE
9.6.4.3. South Africa
9.6.4.4. Kuwait
9.6.4.5. Rest of Middle East & Africa
10. COMPETITIVE LANDSCAPE
10.1. KEY PLAYER STRATEGIES
10.2. COMPETITIVE SCENARIOS AND TRENDS
10.3. RECENT MARKET DEVELOPMENTS
10.4. MARKET SHARE (BY REVENUE), 2021
10.5. REVENUE ANALYSIS OF TOP 5 PLAYERS, 2021
10.6. COMPANY EVALUATION QUADRANT
10.6.1. STAR
10.6.2. PERVASIVE
10.6.3. EMERGING LEADER
10.6.4. PARTICIPANT
10.7. START-UP/SME EVALUATION QUADRANT
10.7.1. DYNAMIC COMPANY
10.7.2. RESPONSIVE COMPANY
10.7.3. PROGRESSIVE COMPANY
10.7.4. STARTING BLOCK
10.7.5. COMPETITIVE BENCHMARKING
10.8. VACUUM CIRCUIT BREAKER MARKET: COMPANY FOOTPRINT
11. COMPANY PROFILES
11.1. ABB
11.1.1. Business Overview
11.1.2. Products Offered
11.1.3. Recent Developments
11.1.4. MnM view
11.1.4.1. Key strategies/right to win
11.1.4.2. Strategic choices made
11.1.4.3. Weaknesses and competitive threats
11.2. SCHNEIDER ELECTRIC
11.3. SIEMENS
11.4. MITSUBISHI ELECTRIC CORPORATION
11.5. EATON
11.6. POWELL INDUSTRIES
11.7. SÉCHERON
11.8. ALSTOM SA
11.9. LS ELECTRIC
11.10. BRUSH GROUP
11.11. TAVRIDA ELECTRIC
11.12. TE CONNECTIVITY
11.13. TOSHIBA
11.14. LARSEN & TOUBRO
11.15. HYUNDAI HEAVY INDUSTRIES
11.16. HITACHI
11.17. FUJI ELECTRIC
11.18. EFACEC POWER SOLUTIONS
11.19. YUEQING LIYOND ELECTRIC
11.20. MEIDENSHA
11.21. KIRLOSKAR ELECTRIC
11.22. NISSIN ELECTRIC
11.23. XIAN XD
11.24. HYOSUNG
11.25. BHARAT HEAVY ELECTRIC
12. APPENDIX
12.1. INSIGHTS OF INDUSTRY EXPERTS
12.2. DISCUSSION GUIDE
12.3. KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4. CUSTOMIZATION OPTIONS
12.5. RELATED REPORTS
12.6. AUTHOR DETAILS
Note: e-Estimated, f-Forecast
• THIS IS A TENTATIVE LIST OF COMPANIES. ADDITIONAL COUNTRIES & COMPANIES MAY BE ADDED/UPDATED DURING THE COURSE OF THE STUDY
• DETAILS ON COMPANY OVERVIEW, FINANCIALS, PRODUCT & SERVICES, STRATEGY, AND DEVELOPMENTS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES
Growth opportunities and latent adjacency in Vacuum Circuit Breaker Market