Tuesday 26 May 2020

Vacuum Circuit Breaker Market 2020 COVID – 19 Impact Analysis, Development Status and Strategic Assessment 2023


A circuit breaker is a device that, interposes an electric circuit to avert unwarranted current, caused by short circuit, typically resulting from overload. A vacuum circuit breaker (VCB) is a kind of circuit breaker where the arc quenching takes place in vacuum medium. In a vacuum circuit breaker, vacuum interrupters are used for breaking and making load and fault currents. A vacuum circuit breaker can be used frequently or at a place of multi breaking short circuit. Vacuum circuit breakers are widely used in utility sector, to reduce energy loses in power generation and transmission efficiently. These factors will be contributing for the growth of global vacuum circuit breaker market in forecast period. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 on Vacuum Circuit Breaker Market is included in the present report.
Vacuum circuit breakers are classified based on their types as indoor VCB and outdoor VCB. The indoor VCB type is equipped in a switchgear placed under an infrastructure for safe transmission operations. Outdoor VCB is suitable for switching of arc furnace transformers up to 50 operations per day. Outdoor VCB is mostly used in current transformers and potential transformers at outdoor location.

Industry Segmentation
Global vacuum circuit breakers market has been segmented on the basis of type, end-user, voltage rating, and region.
Based on type the market is further segmented as indoor vacuum circuit breaker, and outdoor vacuum circuit breaker. Indoor vacuum circuit breakers are dominating the market due to the fact, that they have lower risk of hazards, explosion, and are suitable for buildings with lesser space. On the basis of end-use, the market is classified as energy utilities, building & construction, chemicals & petrochemicals, foods & beverages, metal & mining, and others.
On the basis of voltage rating, the vacuum circuit breaker market is segmented as medium and high voltage. Medium voltage vacuum circuit breakers are prime shareholders as they are economically feasible over high voltage vacuum circuit breakers.    

Regional Analysis
The vacuum circuit breaker market share is expected to experience a healthy growth in the forecast years. The increase in demand for improved power and electrical equipment, and need to replace existing circuit breakers are expected to boost the Asia Pacific market in the years to come. Growing economies, such as South Korea, China, India, and Japan are facing high demand power consumption per year. The Department of Science and Technology of India reports that the as electricity generation from unpredictable sources surge, the opportunities for smart grids to distribute and transmit power is immense. This is noted to be driver for the APAC market. In Europe, the increase in renewable energy and rise in need for effective connecting renewable energy to smart grids are factors that are likely to upscale the Europe vacuum circuit breaker market. Germany is expected to play a significant role in the expansion of the Europe market.

Leading Players
The key players of global vacuum circuit breaker market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Crompton Greaves Ltd. (India), Alstom SA. (France), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), L&T Electrical & Automation (India), Kirloskar Electric Company Ltd. (India) and Eaton Corporation PLC (Ireland).

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