Why is the demand for < 500A vacuum circuit breakers increasing?

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Vacuum Circuit Breaker Market Share

Report ID: GMI6187
Published Date: Jul 2023
Report Format: PDF

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Vacuum Circuit Breaker Market Share

Major players in the vacuum circuit breaker market have implemented strategic initiatives, including forming alliances and partnerships, and ramping up investments in research and development (R&D) activities. These industry leaders are dedicated to developing advanced switchgears with competitive pricing and enhanced quality through the establishment of high-volume and high-speed manufacturing capabilities. Timely product delivery is a key focus for these companies as they strive to meet customer demands efficiently.

Notable companies operating in the vacuum circuit breaker business include:

WEG
Powell Industries
Siemens Energy
HD HYUNDAI ELECTRIC & ENERGY SYSTEM CO.LTD
LS ELECTRIC Co., Ltd
Toshiba International Corporation
Mitsubishi Electric Corporation
Kirloskar Electric Company
Eaton Corporation
Schneider Electric
ABB
General Electric.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of vacuum circuit breaker was worth over USD 3.7 billion in 2023 and is estimated to surpass USD 8.3 billion by 2032, due to the higher need for efficient transmission and distribution control systems.

Vacuum circuit breaker market share from the < 500A current rating segment crossed USD 1 billion in 2022 and may reach over USD 2.6 billion by 2032 owing to the surging need for renovation and upgrades in existing residential and commercial buildings.

Vacuum circuit breaker market size from the outdoor installation segment exceeded USD 2 billion in 2022 and will record over 9% CAGR from 2023 to 2032 due to the rising adoption of on-site generation technologies and the expansion of utility-based transmission networks.

Asia Pacific market for vacuum circuit breaker exceeded USD 3.9 billion by 2032 due to the rising demand for effective transmission & distribution (T&D) systems.