Gas Circuit Breaker Market
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The global gas circuit breaker market size was estimated at USD 2 billion in 2024. The market is expected to grow from USD 2.3 billion in 2025 to USD 5.3 billion in 2034, at a CAGR of 9.8%. Gas circuit breakers are high-voltage electrical switches that use sulfur hexafluoride or other gases to extinguish arcs, interrupting the flow of current in power systems. They offer efficient and reliable means of controlling and protecting electrical grids against overloads and faults, crucial for grid stability.
The rising need to revamp current electrical systems, alongside substantial investments in grid infrastructure, is set to bolster business prospects. The lack of efficient electric networks in developing nations, along with a push to enhance existing infrastructure in developed countries, has fostered a promising business landscape. For instance, in 2023, more than 770 grid modernization were undergoing in the U.S.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Gas Circuit Breaker Market size in 2024: | USD 2 Billion |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2023 - 2032 CAGR: | 9.8 |
| 2023 Value Projection: | USD 5.3 Billion |
| Historical Data for: | 2021 - 2024 |
| No of Pages: | 131 |
| Tables, Charts & Figures: | 45 |
| Segments Covered: | Technology, Application and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Moreover, owing to rising objective of reduction in carbon elimination the rise in investment potential in renewable energy sector by different countries is expected to increase the gas circuit breaker market demand. For instance, in 2024, Australia registered USD 9 billion investment for generating renewable energy of around 23 GW and battery of around 9GW.
Additionally, growing investment in EV charging station as response against the rising EV sales, also increases demand for gas circuit breaker. For instance, in 2022, nearly 900,000 new public charging points for EV were installed, thus recording the number of public EV charging stations around 2.7 million. Gas circuit breakers are used to enhance safety and durability of high voltage EV batteries and charging infrastructures.
As the population is rising the electricity demand is also increasing worldwide. The growing incidences of hurricane and other natural calamities leading to rising energy outage and thus, demand for uninterrupted power flow is also increasing. For instance, in November 2024, 1700 users in Queensland Australia witnessed severe power outage due to certain faults in power lines. Gas circuit breaker in case of power outage easily isolate faults and avoid downtime and any further damage to equipment. This will boost the demand for gas circuit breaker in future.
The gas circuit breaker industry has been observing a striking positive trend owing to growing demand for effective energy management from various end users such as EV infrastructures, renewable energy and others. This promotes numerous innovative initiations in the industry. Development of more eco-friendly and smart gas circuit breakers being some of these innovations in the field. Sulfur hexafluoride is the most common gas used in conventional gas circuit breakers owing to its ideal insulating properties.
However, the gas is a greenhouse gas and rising concern to preserve environment companies are adopting other gas such as fluoronitrile-based mixtures or clean air technology. The growing initiatives to reduce greenhouse gas elimination companies are stepping into this change. For instance, in March 2022, GE launched the first prototype of g3 GIS circuit breaker 420 kV, 63 kA range.
Moreover, rising smart grids and smart meters also rises the demand for gas circuit breakers to monitor the energy consumption. For instance, according to the U.S. Department of Energy (DOE) more than 130 million smart meters were installed in the U.S as of 2023. Along with rising investment in smart grid technology also expected to rise the demand for gas circuit breakers.
For instance, in August 2024, government of the U.S. announced investment of USD 2.2 billion for restoration of power grids. Such technological innovation increases demand for circuit breakers for grids to optimize the energy flow will rise the growth of gas circuit breaker market in focus.
Further innovations to align itself with the goal of environmental preservation across globe and reduce the carbon footprint many companies are using sustainable materials to design gas circuit breakers. For example, recycling SF6 a potent greenhouse gas and recycling gas circuit breakers component in order to reduce waste generation. This initiative is cost-effective due to reduced cost in response to newly exploring for materials.
Additionally, gas circuit breakers integrated with AI and ML to develop effective circuit breakers at lower price. These technologies are used while manufacturing the GCBs to offer real time data and avoid any failures or errors before the occurrence and suggest improvements. Such initiatives would help companies to capture cost-sensitive user target.
The market by voltage is segmented into medium and high. Gas circuit breaker market reached USD 1.5 billion, USD 1.8 billion and USD 2 billion in 2022, 2023 and 2024 respectively.
The gas circuit breaker market by end use is segmented into industrial and utility. The utility segment is predicted to account 80.4% market share in 2024.
Top 5 companies including ABB, GE, Siemens Energy, Schneider Electric and Mitsubishi Electric Corporation held a market share of over 40% in 2024. Many market players are operating in gas circuit breaker industry and players are working to develop cost-effective and eco-friendly gas circuit breakers.
Among these companies ABB is one of the largest share holding company in the gas circuit breaker market. Owing to its vast product offerings, widespread of geological clientele and strategic partnership with clients to offer eco-friendly gas circuit breakers along the side of standard solutions. The demand for gas circuit breakers is expected to boost as the renewable energy and electric vehicle industry constantly grow, especially in emerging countries such as China, and India.
Furthermore, supportive government regulations in the developing and developed countries, rising adoption of renewable energy, positive electrification of automotive industry and affordable labor cost further decreases prices of gas circuit breakers and aids strong uphold of market in the cost-sensitive group of consumers. Other major companies including GE, Siemens Energy, Schneider Electric and Mitsubishi Electric Corporation are also poised to target significant share of the market in focus, particularly in power grid and substations target group and energy storage systems sectors.
Some of the key market players operating across the gas circuit breaker industry are:
Market, By Voltage
Market, By Installation
Market, By Application
Market, By End Use
The above information has been provided for the following regions and countries:
The medium voltage segment is anticipated to cross USD 3 billion by 2034.
The U.S. market of gas circuit breaker was worth over USD 304.9 million in 2024.
Some of the major players in the industry include Hitachi, DILO Company, Mitsubishi Electric Corporation, ABB, Megger, Siemens Energy, GE, Rockwill, Schneider Electric, Zhejiang Volcano Electrical Technology, Pfiffner Group, Crompton Greaves, MEIDENSHA CORPORATION, Toshiba International Corporation, Wenzhou Wolun Electric Technology, Casey Equipment Corporation, and Al-Amin Enterprises.
The market size of gas circuit breaker was valued at USD 2 billion in 2024 and is expected to reach around USD 5.3 billion by 2034, growing at 9.8% CAGR through 2034.