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Continued renewable power capacity additions primarily due to financial incentives, the rapid expansion of transmission & distribution networks due to the increasing access to electricity in developing countries, and ongoing investments for modernization of grids in Europe & the US are some of the few factors driving the Vacuum Circuit Breaker market growth.
India is the 3rd largest producer and 4th largest consumer of electricity in the world. The up-tick in the T&D sector is witnessed due to the infusion of investments under government initiatives. The ever-growing power demand in India facilitates the corresponding increase in the substation capacity over the years. It shows excellent promising demand for vacuum circuit breakers in the forecast period.
In September 2020, Hitachi ABB Power Grids announced a strategic realignment of its global high-voltage switchgear manufacturing, engineering, and service footprint to enhance competitiveness in a dynamic market environment marked by increasing competition. The move is expected to entail over USD 100 million to strengthen the High Voltage Products business which employs around 7,500 people globally and supports its profitable and sustainable growth.
This market research report provides an overview of the competitive landscape for the Vacuum Circuit Breaker. Also, the study comprehensively analyses the Vacuum Circuit Breakers market by segmenting it based on technology (Solar PV, Wind Turbine, Combined Heat and Power (CHP), and Others), end-users (residential, commercial, and industrial), and geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa).
The report also addresses present and future market opportunities, market trends, developments, new product launches, region, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the Vacuum Circuit Breaker market. Further, the Vacuum Circuit Breaker market size, demand forecast, and growth rates will also be provided in the report.
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
6. Regional Market Analysis
7. Key Company Profiles
8. Competitive Landscape
9. Conclusions and Recommendations
List of Tables & Figures
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