Market Research Future Published a Half Cooked Research Report on Global Vacuum Circuit Breaker Market. The Vacuum Circuit Breaker Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
The need for uninterrupted electricity supply is growing because of the rise in world population and rapid industrialization. The growing need for efficient and effective load management and the need of renewable energy to be connected to the grid are expected to aid in the growth of the vacuum circuit breakers market over the forecast period. However, the high cost of vacuum circuit breaker as compared to traditional fuses and the high level of complexity involved in the design to give module level protection will restrain the vacuum circuit breaker market, globally.
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).
Market Research Analysis:
Asia-Pacific Region is Expected to Grow at the Fastest Rate:
The vacuum circuit breaker market in the Asia-Pacific region is currently leading and is followed by Europe market. The rapid industrial development and urbanization in countries such as India and China, where there are issues with load management in electricity supply and the predominant use of conventional fuses, are driving the market for vacuum circuit breakers.
Scope of the Report:
This study provides an overview of the global vacuum circuit breaker market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global vacuum circuit breaker market by its type, by end-user and by regions.
- Indoor VCB
- Outdoor VCB
- Building & Construction Industry
- Chemicals & Petrochemicals Industry
- Foods & Beverages Industry
- Metals & Mining Industry
- Other Industries
- North America
- Asia Pacific
- Rest of the World
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