A circuit breaker is a mechanical switching device capable of making, carrying, and breaking currents. It can also make and transport currents for a set period of time, as well as break currents under certain abnormal circuit conditions, such as a short circuit. The majority of high-voltage breakers are solenoid-controlled, with current-sensing safety relays controlled by current transformers. Circuit breakers with a rating of 1000 volts or more are known as high voltage circuit breakers. Circuit breakers of this type can be used both indoors and outdoors. Circuit breakers come in a variety of sizes, ranging from small devices that safeguard a single domestic appliance to huge switchgear that protects high-voltage circuits that supply an entire city.
MARKET SCOPE
The "Global High-voltage Circuit Breakers Market Analysis to 2028" is a specialized and in-depth study of the High-voltage circuit breakers Market with a special focus on the global market trend analysis. The report aims to provide an overview of high-voltage circuit breakers market with detailed market segmentation by product type and application. The global high-voltage circuit breakers market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading high-voltage circuit breakers market player and offers key trends and opportunities in the high-voltage circuit breakers market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, high-voltage vacuum circuit breaker, sulfur hexafluoride circuit breaker, oil high voltage circuit breaker and others.
- Further, based on application the market is segmented as, construction, transportation, power generation and others.
MARKET DYNAMICS
Drivers-
- Advancement of power systems.
- Need to lower the current quickly without generating an abnormal voltage, significant developments in high voltage transmission systems, growth in demand for high quality products and meeting of environmental requirements are likely to fuel market growth.
- Growing demand for secure and reliable power supply across the globe.
Restraints-
- The high-voltage circuit breakers market is restrained by higher production cost associated with high voltage circuit breakers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global high-voltage circuit breakers market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The high-voltage circuit breakers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting high-voltage circuit breakers Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the high-voltage circuit breakers market in these regions.
IMPACT OF COVID-19 ON HIGH-VOLTAGE CIRCUIT BREAKERS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the high-voltage circuit breakers market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from high-voltage circuit breakers market are anticipated to lucrative growth opportunities in the future with the rising demand for high-voltage circuit breakers market. Below mentioned is the list of few companies engaged in the high-voltage circuit breakers market.
The report also includes the profiles of key high-voltage circuit breakers market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd
- GE
- Schneider Electric
- Mitsubishi Electric Corporation
- Siemens AG
- TOSHIBA
- Hitachi, Ltd
- TE Connectivity
- ZHIYUE GROUP CO.,LTD
- Mitsubishi Electric Power Products, Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.