Gas Circuit Breaker Market

Gas Circuit Breaker Market

Gas Circuit Breaker Market: Commercial End Use Segment to Grow at a Comparatively High Value CAGR During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • XPLREP1531

  • December, 2017

  • 380 Pages

  • Industrial Automation

Global Gas Circuit Breaker Market to Progress at a CAGR of 4.6% Through Forecast Period

The global gas circuit breakers market is anticipated to expand at a steady CAGR of 4.6% and is anticipated to be valued 1.5 times its current by the end of the forecast period. Major factors attributed to the growth are an increasing number of government projects for high voltage transmission lines, and a burgeoning number of orders for high voltage substations. Although devices like fuses, oil circuit breakers, etc. are generally used in circuit breaking applications, gas circuit breakers are gaining prominence in voltage chopping applications, owing to their high efficiency.

On this premise, gas circuit breakers are finding significant adoption in high voltage applications, which are anticipated to drive the majority of revenue.  Furthermore, the emergence of technologically advanced transmission grids coupled with skyrocketing demand for ultra-high voltage gas circuit breakers in industrial applications will also complement market growth in the years to come.

Industrial Segment Ensures Lucrative Growth Opportunities

In 2017, the industrial segment held a value of US$ 372 Mn for gas circuit breakers, and the segment is forecasted to grow at a value CAGR of 4.6% through the forecast period. The industrial segment is anticipated to remain the most lucrative end-use segment for gas circuit breakers, owing to rapid industrialization and increasing adoption in high-power industrial applications. Sulfur hexafluoride (SF6), is an inorganic, non-flammable, and non-toxic gas with negative affinity property that helps in absorbing free electrons from the disconnector chamber, and finds significant adoption in high thermal industrial applications. Backed by increasing urbanization and the need for transportation, the demand for gas circuit breakers will remain steady on the higher side among industrial players.

Sluggish Adoption in Residential Sector and Stringent Regulatory Norms Hold Back Growth Opportunities

Contrary to industrial sector, the residential sector is associated with low and medium voltages, and gas circuit breakers are used to chop voltages that range from medium to high magnitudes. On this premise the adoption of gas circuit breakers in residential sector will remain lower than industrial sector, thus holding back healthy growth of residential sector. The residential sector is posed to a grow at a sluggish CAGR of 3.9% through the forecast period.

On the other hand, stringent regulatory restrictions against the use of sulfur hexafluoride-based circuit breakers in various sectors are anticipated to challenge the surging adoption. Furthermore, several national governments are implementing environmental policies to reduce toxic emissions, and this likely to negatively impact market growth since gas circuit breakers utilize greenhouse gases.

North America and Europe Spearhead while Asia Pacific Exhibits Promising Growth

North America is forecasted to bestow lucrative opportunities to the market players in gas circuit breakers market, on the back of a strong presence of the industrial sector. Contrarily, the residential sector in Western Europe is anticipated to grow in value at a high rate as compared to North America's industrial sector. On the other hand, Asia Pacific is anticipated to exhibit a tremendous growth rate, backed by the presence of a continually evolving industrial sector, coupled with the growing demand for electric power in China and India. Moreover, increasing investments by governments and private organizations in region are also fueling the demand for gas circuit breakers in power transmission and distribution applications

Competitive Landscape of Gas Circuit Breakers Market

The global gas circuit breaker market is fairly consolidated with the established players accounting for approximately 25%–35% of the market share. Some of the key players in the regional landscape of gas circuit breakers, included in the report are Schneider Electric SE, Kirloskar Electric Company, LARSEN & TOUBRO LIMITED, Siemens AG, ABB Group, Hitachi, T&D Solutions, Inc., Mitsubishi Electric Corporation, Tavrida Electric, Toshiba Corporation, and Fuji Electric Co., Ltd. among others

The comprehensive research report titled “Gas Circuit Breaker Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” supports the reader by assisting in chalking key strategies with a view to maintain the correct rhythm with the changing market scenarios in the present timeline as well as in future. The in-depth research report on gas circuit breaker market delivers value by providing relevant market insights that can give a clear market direction to achieve strategic advantage in the future.

A rock solid research methodology

Secondary research is carried out extensively in the initial phase of the research process. This research helps the analysts to sketch a rough figure of the overall market and get an understanding of the market scenario covering all the angles of the market. Additionally, an extensive primary research is carried out and opinions from the key industry experts, market observers, etc. are obtained. The data obtained from these three arms is triangulated to obtain single data point as well as maximum accuracy. The data so gathered also undergoes re-evaluation during the primary interviews, wherein each data point is cross checked several times, and re-validated data is obtained which is near to 100 percent accuracy. This research process enhances the credibility of the researched material which enables the reader to make decisions form the actionable insights given in the study.

In-depth analysis at your doorstep

The research report in global gas circuit breaker market focuses on the major trends, restraints, opportunities, threats, challenges, growth drivers, etc., across important geographies of North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). It presents an unbiased view of the entire market by putting forth a realistic picture considering all angles including end user and competition across the globe. It becomes imperative to present the statistical data in the research report in a logical format to understand the pulse flowing through the market. Moreover, deep diving in the segments involved along with following a strong data mining process enables to sketch the possible future market direction and a complete scenario of the global gas circuit breaker market with valuable insights and expert opinions can deliver need based solutions. The research on the global gas circuit breaker market is carried out keeping a predefined purpose having lucidity about the market, and involves appropriate statistical data based on a clear market definition.

Competitive Dashboard

A dedicated chapter on competitive landscape focusing on key players in gas circuit breaker is included in this research report. It uncovers major facets of the competition such as product portfolio analysis, pricing strategies, marketing strategies, promotion tactics, expansion plans, geographical spread, recent developments and innovations, mergers and acquisitions, key strategies, revenue, market shares, key personnel, other key financials etc. The companies included in this section are those which have enormous hold on the market and studying their tactics can definitely help the upcoming players to move up the ladder uncovering their milestones.

Market Segmentation

  By Voltage Rating   

   By Configuration  

   By Technology  

By End Use  

By Region  

  • Up to 72.5 kV  
  • 72.5-145kV
  • 145kV-252kV
  • 252-550kV
  • 550-800kV
  • above 800kV
  • Single Interrupter  
  • Two Interrupter
  • Four Interrupter
  • Dead Tank Type  
  • Live Tank Type
  • Residential
  • Commercial  
  • Industrial
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excl. Japan (APEJ)  
  • Japan
  • Middle East & Africa (MEA)
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Gas Circuit Breaker Market: Commercial End Use Segment to Grow at a Comparatively High Value CAGR During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)
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