+91-8668442535

Gas Circuit Breakers Market By Voltage Rating (Up To 72.5 kV, 72.5-145kV, 145kV-252kV, 252-550kV, 550-800kV, Above 800kV), By Configuration (Single Interrupter, Two Interrupter, Four Interrupter), By Technology (Dead Tank Voltage Rating, Live Tank Type), By End-User (Commercial, Residential, Industrial) - Growth, Future Prospects, And Competitive Landscape, 2019 -2027

Increasing Implementation of High Voltage Transmission Lines Is Driving the Gas Circuit Breaker Market

Globally, the gas circuit breaker market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2027, starting from US$600.5 Mn in 2018. Gas circuit breakers consist of sulfur hexafluoride (SF6), which interrupts electric currents when a fault is detected and helps protect the electrical power stations and distribution systems. In addition, gas circuit breakers have various advantages over conventional methods as these systems do not need to be replaced. However, they can be reset to resume usual operations. This feature is the primary factor that has increased the adoption of gas circuit breakers across the globe.

Globally, government projects focusing on high-voltage transmission lines are growing at a rapid pace. These projects mainly focus on developing the existing electrical lines and energy transmission systems. In addition, the demand for high voltage substations is increasing rapidly, driving this market's growth. Furthermore, technological advancements and improvisation in transmission grids' growing implementation of gas circuit breakers of ultra-high voltage used outdoors for numerous industrial applications are likely to boost the growth of the overall gas circuit breaker market during the forecast period. Furthermore, growing industrialization and urbanization are offering significant growth opportunities to the key players operating in the gas circuit breakers market.

Market Synopsis

Industrial End User Segment Dominated the Global Market

Based on the end user, the gas circuit breaker market is segmented into residential, commercial, and industrial sectors. In 2018, the industrial sector dominated the market by holding more than 55% of the total market. Rapid industrialization, adoption of advanced technologies in various industries, and increasing penetration of gas circuit breakers in industrial divisions are the primary factors attributed to this high market share. However, the commercial sector is likely to experience significant growth during the forecast period. As a result, this segment is projected to witness a growth of over 6.5% from 2019 to 2027.

Asia-pacific To Witness a Fastest Growth in the Market by Region

In 2018, the North American gas circuit breaker market was registered to be around $100 Mn. However, Asia-Pacific is projected to witness noteworthy growth during the forecast period based on significant development in the industrial sector in various emerging countries. In addition, increasing investment and development of the power sector, expanding urbanization, economic growth, and development of infrastructure to maintain the progression are some of the factors contributing to the growth of the gas circuit breaker market in this region. Furthermore, the expansion of various key international players is also fueling the growth of this market during the forecast period.

Some of the prominent players operating in the gas circuit breaker market include General Electric, ABB Group, Toshiba Corporation, Nissin Electric Co., Ltd., Siemens AG, Hyosung Corporation, Schneider Electric SE, Kirloskar Electric Company Ltd., Hitachi Ltd., CG Power and Industrial Solutions Limited, HICO America, and Fuji Electric Co., Ltd.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The gas circuit breaker market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global gas circuit breaker market based on voltage rating, configuration, technology, end user, and geography. Key segments covered in the report are as follows:

 

Segmentation Voltage Rating Segment (2017–2027; US$ Mn)

• Up to 72.5 kV

 • 72.5-145kV

 • 145kV-252kV

 • 252-550kV

 • 550-800kV

 • above 800kV

 

Configuration Segment (2017–2027; US$ Mn)

 • Single Interrupter

 • Two Interrupter

 • Four Interrupter

 

Technology Model (2017–2027; US$ Mn)

 • Dead Tank Voltage Rating

 • Live Tank Type

 

End User (2017–2027; US$ Mn)

 • Residential

 • Commercial

 • Industrial

 

Geography Segment (2017–2027; US$ Mn)

 • North America (the U.S., Rest of North America)

 • Europe (U.K., Germany, France, Rest of Europe)

 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)

 • Rest of the World (the Middle East & Africa, Latin America) 


Unique data points of this report

  • Statistics on gas circuit breaker penetration and spending worldwide
  • Recent trends across different regions in the adoption of gas circuit breakers for various end users.
  • Notable developments going on in the gas circuit breaker market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Frequently asked questions :

The market for Gas Circuit Breakers Market is expected to reach US$ XX Bn in 2027.

The Gas Circuit Breakers Market is expected to see significant CAGR growth over the coming years, at 5.0%.

The report is forecasted from 2018-2027.

The base year of this report is 2021.

General Electric, ABB Group, Toshiba Corporation, Nissin Electric Co., Siemens AG are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Automation & Process Control
Report ID:   59971
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support