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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