"Actionable Insights to Fuel Your Growth"
High Voltage Circuit Breaker (HVCB) assists private, and public utility companies manage electricity demands by generating, transmitting, and stopping electric current under the usual circuit-related conditions. Furthermore, the high voltage circuit breaker yields and insulates electric currents under unusual circuit-related situations like short-circuits. HVCB works well in both closed and open circuits by acting as an insulator in the open circuit and as a conductor in the closed circuit and can switch between open and closed courses rapidly, without the risk of generating dangerous levels of voltage, making it a more reliable alternative to other circuit breakers. This characteristic of HVCB has attracted huge demand across regions.
Based on the type, the HVCB market is classified into an oil circuit breaker, SF6 circuit breaker, vacuum circuit breaker, and air circuit breaker. The SF6 circuit breaker segment accounts for a significant share in the market and is expected to maintain its attractiveness during the forecast period, as it provides greater efficiency and is an overall better alternative. The SF6 HVCB replaces the air with sulfur hexafluoride, gas with no color and no toxicity. The factor that makes it a better choice for air breakers is that the sulfur hexafluoride is not disposed into the atmosphere after every use.
Based on the end-user, the global market is classified into construction, power generation, and transportation. The power generation industry segment accounts for a significant share in the market, as the use of HVCBs is exponentially higher in the industrial use sectors than the commercial and residential sectors that mostly use low voltage circuit breakers.
Energy storage providers across the globe are investing in better renewable sources of energy. For instance, the U.S. has decided to replace most of its old and outdated electricity grid system, which is old and regularly fails, with a new and updated infrastructure. The changing grid systems have led to increasing demand for HVCBs is growing at a steady rate, which leads to more investments in the sector. This factor is likely to drive the global high voltage circuit breaker market during the forecast period.
The critical market restraint for the market is the high cost of capital investment required for installation in the high voltage circuit breaker sector. In addition, there are periods of flat demand that stagnate the market. Furthermore, inadequate and outdated equipment and the lack of proper renewal and integration with the current interface also affect the market's growth, making it stagnant.
Key Market Driver -
Increasing investments in the renewable energy sector leading to advanced power systems.
Key Market Restraint -
High installation costs, occasional periods of low and flat demand and the need to update outdated equipment.
Some of the major companies in the high voltage circuit breaker market are ABB, GE, Schneider Electric, Eaton, Mitsubishi Electric Corporation, Siemens, Hitachi, Toshiba, Larsen and Toubro, Camsco, Atom Power Inc., Salzer Technologies Limited, Kirloskar Electric Co Ltd, and Xiamen Huadian Switchgear Co. Ltd.
The high voltage circuit breaker market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a significant share of the global market, as the rate of conversion from outdated grids to HVCBs is rapid and is likely to boost the market. The North American market is also increasing due to the growing population and the demand for better electric transmission in the U.S. and Canada.
The fastest-growing market for the high voltage circuit breaker is estimated to be the Asia-Pacific region due to developing nations such as China, Japan, India, Australia, and South Korea. China and Japan are competing with countries like the U.S. and U.K. in terms of market standing and India, South Korea, and Australia, with an increasing number of HVCB based projects. In addition, Africa is the region with the best scope for the HVCB market, with the rapid increase in industrialization and electrification bound to boost the market.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry