Global Vacuum Circuit Breaker Market: Overview
Vacuum Circuit Breaker is the advanced circuit breaker that is introduced to upgrade the outdated circuit breaker using vacuum technology. This vacuum circuit breakers help the power distribution systems in strong switching capacity for industrial markets. The vacuum circuit breakers provide high reliability, easy maintenance, and strong switching capacity and are widely used for several types of high voltage circuits. This circuit breaker is compact and light in weight. The vacuum interrupter is an essential element that plays a vital role in the operation of the virtual circuit breaker. This vacuum interrupter is designed for maintaining a high vacuum for a more extended period. Vacuum circuit breaker offers highly reliable performance and excellent operating mechanism. The vacuum circuit breakers provide high reliability and safety apart from preserving the environment. The key manufacturers of vacuum circuit breakers are constantly improving and developing vacuum interrupter technology for the excellent operation of circuit breakers. The vacuum circuit breakers offer several benefits, such as compact design, as compared to other circuit breakers, spring closing system, simplified maintenance and stable interrupting performance in earth faults and out of phase currents, etc. Therefore, these factors are the growth enablers of the vacuum circuit breakers globally.
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The key vendors in the vacuum circuit breaker market are focused on innovative product offering and are focused on expanding their product portfolio to increase their geographical presence in this market. The vacuum circuit breaker manufacturers are also focusing on differentiated offerings that will help them gain a competitive advantage in the vacuum circuit breaker market. Therefore, the introduction of various types of circuit breakers with advanced technologies and also the rise in the industrial application of vacuum circuit breaker are the key factors that are estimated to increase the growth of the vacuum circuit breaker across the globe.
Global Vacuum Circuit Breaker Market: Dynamics
The vacuum circuit breaker is lower in cost and less bulky, which are the benefits that are boosting the growth of the vacuum circuit breaker market. Also, the vacuum circuit breaker is maintenance-free and has a better service life that are driving the growth of the vacuum circuit breaker market.
However, high technology is used for the production of vacuum interrupters of circuit breakers that leads to higher cost of implementation, which can be a restraining factor that can hamper the growth of the vacuum circuit breaker market.
The increasing trend towards usage of vacuum interrupter technology is creating growth opportunities for key vendors in the Vacuum Circuit Breaker market.
Global Vacuum Circuit Breaker Market: Segmentation
The vacuum circuit breaker market can be segmented on the basis of type, mounting type, application and region. The vacuum circuit breaker is most widely used in the oil & gas and other industrial application as compared to other circuit breakers.
Segmentation of the Vacuum Circuit Breaker Market Based on Application:
- Capacitor Banks
- Busbar Sections
Segmentation of the Vacuum Circuit Breaker Market Based on End-use Industry:
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Global Vacuum Circuit Breaker Market: Competition Landscape
Examples of some of the key players in the global Vacuum Circuit Breaker market include Schneider Electric, Fuji Electric, Eaton Corporation, Tavrida Electric AG, Mitsubishi Electric, Crest Test Systems Pvt. Ltd., Toshiba International Corporation, Hitachi T&D Solutions, Inc., C&S Electric, etc.
Global Vacuum Circuit Breaker Market: Regional Outlook
The Europe region is expected to dominate the vacuum circuit breaker market followed by the Asia Pacific and North America region. The market in Europe is expected to witness higher growth due to the vast presence of switch disconnector manufacturers in the region. The introduction of a vacuum interrupter technology in circuit breakers plays a vital role in driving the growth of the vacuum circuit breaker market in the Asia Pacific region. The rise in the usage of vacuum circuit breaker in oil & gas and other industrial applications is creating growth opportunities in the North America region. Moreover, Latin America and MEA regions are projected to grow at a significant rate over the forecast period.
In January 2018, Mitsubishi Electric Power Products, Inc. launched 5 kV vacuum circuit breaker. This vacuum circuit breaker is introduced to replace the legacy oil circuit breakers, which is outdated. It is designed to use within power distribution stations and in other industrial applications.
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