Product Code: A42917
According to a new report published by Allied Market Research, titled, "Vacuum Circuit Breaker Market," The vacuum circuit breaker market was valued at $0.9 billion in 2022, and is estimated to reach $1.7 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.
A vacuum circuit breaker is an electrical switching device that is used to interrupt or cut off the flow of electric current in a circuit. It employs a vacuum as the arc quenching medium to extinguish the electric arc that forms when the contacts of the breaker open during switching operations or in the event of a fault. Vacuum circuit breakers are widely used in power distribution systems, industrial facilities, commercial buildings, and renewable energy installations to ensure the safe and reliable operation of electrical systems by protecting against overcurrent, short circuits, and other electrical faults.
The vacuum circuit breakers market is anticipated to expand significantly during the forecast period owing to maintenance of free vacuum circuit breakers, grid modernization, increase in adoption of grid-connected renewable energy sources, and surge in demand from the power sector for better and more reliable performance. In addition, during the forecast period, the vacuum circuit breakers market is anticipated to benefit from rise in infrastructural developments. On the other hand, growth in the vacuum circuit breakers market is expected to be restrained as the price of the raw materials is high, which makes it uneconomical to manufacture for voltages exceeding 38 kV, and possibility of overvoltage during switching.
The vacuum circuit breakers market is segmented on the basis of voltage, installation location, end-use industry, and region. On the basis of voltage, the market is bifurcated into medium and high. On the basis of installation location, the market is segregated into indoor and outdoor. On the basis of end-use industry, the market is divided into residential, commercial, industrial, and utilities. Region-wise, the vacuum circuit breakers market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the vacuum circuit breakers market.
The key players profiled in the report include: ABB Ltd, ARTECHE, Eaton, Fuji Electric, Huayi Electric Co., Ltd., Legrand, Mitsubishi Electric Corporation, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation. Market players have adopted various strategies such as product launch, product development, and acquisition to expand their foothold in the vacuum circuit breakers market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vacuum circuit breaker market analysis from 2022 to 2032 to identify the prevailing vacuum circuit breaker market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vacuum circuit breaker market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global vacuum circuit breaker market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Voltage
- Medium Voltage
- High Voltage
By Installation Location
By End Use Industry
- Residential
- Commercial
- Industrial
- Utilities
By Region
- North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- ABB
- ARTECHE
- Eaton
- Fuji Electric Co., Ltd.
- Huayi Electric Co., Ltd.
- Legrand
- Mitsubishi Electric Corporation
- Schneider Electric
- Siemens
- Toshiba Energy Systems & Solutions Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Maintenance free vacuum circuit breakers.
- 3.4.1.2. Grid modernization and increasing adoption of grid-connected renewable energy sources.
- 3.4.1.3. Surge in demand from the power sector for better and more reliable performance
- 3.4.2. Restraints
- 3.4.2.1. The vacuum circuit breakers are uneconomical at voltages exceeding 38 kV.
- 3.4.2.2. Possibility of overvoltage during switching.
- 3.4.3. Opportunities
- 3.4.3.1. Rise in infrastructural developments.
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: VACUUM CIRCUIT BREAKER MARKET, BY VOLTAGE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Medium Voltage
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. High Voltage
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: VACUUM CIRCUIT BREAKER MARKET, BY INSTALLATION LOCATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Indoor
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Outdoor
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: VACUUM CIRCUIT BREAKER MARKET, BY END USE INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Industrial
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Utilities
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: VACUUM CIRCUIT BREAKER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Voltage
- 7.2.3. Market size and forecast, by Installation Location
- 7.2.4. Market size and forecast, by End Use Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Voltage
- 7.2.5.1.3. Market size and forecast, by Installation Location
- 7.2.5.1.4. Market size and forecast, by End Use Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Voltage
- 7.2.5.2.3. Market size and forecast, by Installation Location
- 7.2.5.2.4. Market size and forecast, by End Use Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Voltage
- 7.2.5.3.3. Market size and forecast, by Installation Location
- 7.2.5.3.4. Market size and forecast, by End Use Industry
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Voltage
- 7.3.3. Market size and forecast, by Installation Location
- 7.3.4. Market size and forecast, by End Use Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Voltage
- 7.3.5.1.3. Market size and forecast, by Installation Location
- 7.3.5.1.4. Market size and forecast, by End Use Industry
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Voltage
- 7.3.5.2.3. Market size and forecast, by Installation Location
- 7.3.5.2.4. Market size and forecast, by End Use Industry
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Voltage
- 7.3.5.3.3. Market size and forecast, by Installation Location
- 7.3.5.3.4. Market size and forecast, by End Use Industry
- 7.3.5.4. Spain
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Voltage
- 7.3.5.4.3. Market size and forecast, by Installation Location
- 7.3.5.4.4. Market size and forecast, by End Use Industry
- 7.3.5.5. Italy
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Voltage
- 7.3.5.5.3. Market size and forecast, by Installation Location
- 7.3.5.5.4. Market size and forecast, by End Use Industry
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Voltage
- 7.3.5.6.3. Market size and forecast, by Installation Location
- 7.3.5.6.4. Market size and forecast, by End Use Industry
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Voltage
- 7.4.3. Market size and forecast, by Installation Location
- 7.4.4. Market size and forecast, by End Use Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Voltage
- 7.4.5.1.3. Market size and forecast, by Installation Location
- 7.4.5.1.4. Market size and forecast, by End Use Industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Voltage
- 7.4.5.2.3. Market size and forecast, by Installation Location
- 7.4.5.2.4. Market size and forecast, by End Use Industry
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Voltage
- 7.4.5.3.3. Market size and forecast, by Installation Location
- 7.4.5.3.4. Market size and forecast, by End Use Industry
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Voltage
- 7.4.5.4.3. Market size and forecast, by Installation Location
- 7.4.5.4.4. Market size and forecast, by End Use Industry
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Voltage
- 7.4.5.5.3. Market size and forecast, by Installation Location
- 7.4.5.5.4. Market size and forecast, by End Use Industry
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Voltage
- 7.5.3. Market size and forecast, by Installation Location
- 7.5.4. Market size and forecast, by End Use Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Voltage
- 7.5.5.1.3. Market size and forecast, by Installation Location
- 7.5.5.1.4. Market size and forecast, by End Use Industry
- 7.5.5.2. Middle East
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Voltage
- 7.5.5.2.3. Market size and forecast, by Installation Location
- 7.5.5.2.4. Market size and forecast, by End Use Industry
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Voltage
- 7.5.5.3.3. Market size and forecast, by Installation Location
- 7.5.5.3.4. Market size and forecast, by End Use Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. ABB
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. ARTECHE
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Eaton
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Fuji Electric Co., Ltd.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Huayi Electric Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Legrand
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Mitsubishi Electric Corporation
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Schneider Electric
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Siemens
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Toshiba Energy Systems & Solutions Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance