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Electricity is one of the primary demands of humans on earth. Along with the stable and reliable operation of the electrical, safety of electrical infrastructure is critical. Any damage to electrical infrastructure or human life due to excess current or faults in the circuit will hamper the operations of the electrical network. Circuit breakers play an important role in a circuit to stop any potential accidents. Vacuum circuit breakers (VCB) is one such environment-friendly used in electrical networks.
Based on the installation, the vacuum circuit breaker is segmented in indoor and outdoor. Indoor VCB are used in commercial structures and various types of industries. Based on capacity, the vacuum circuit breaker market is segmented into medium voltage and high voltage. Vacuum circuit breakers are most preferred for medium voltage switchgear applications due to their superior arc quenching. Based on application, the vacuum circuit breaker market is segmented in utility, commercial and industrial. The utility sector uses the VCB on a large scale in substations and distribution centers.
The major market driver for the global vacuum circuit breaker market is the increasing demand for stable and continuous electrical energy around the world. Many developed countries are now focusing on the refurbishment of aging power infrastructure. The development of smart grids will spur demand for I.O.T. compatible and GPS enabled vacuum circuit breaker.
The key market restraint for the global vacuum circuit breaker is the rising prices of raw material. The slow modernization of existing electrical infrastructure has adverse impact on the market. The availability of alternative technology has also affected the market negatively.
Key Market Driver -
Demand for smart grids and IoT enabled electrical infrastructure
Key Market Restraint -
Rising prices of raw material
Some of the major companies that are present in the vacuum circuit breaker market are ABB, Siemens, Schneider Electric, G.E., Eaton, Toshiba, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Fuji Electric Co, Megger, Jyoti Ltd., Yamuna Power & Infrastructure Ltd., Kirloskar Electric Company, Yueqing Liyond Electric Co., Tavrida Electric Global, and LSIS Co., Ltd.
The demand for a vacuum circuit breaker is dominated by the Asia-Pacific region, followed by North America, Europe, Middle-East and Africa, and Latin America. Increase in manufacturing activity and electrification initiatives in Asian countries like India, Bangladesh, Vietnam is a major driver for the vacuum circuit breaker market. The high increase in the number of manufacturing and industrial units has boosted demand for vacuum circuit breaker. Industrial sectors such as food & beverages, metal & mining, chemicals & petrochemicals, etc. use VCB for high switching purposes. The increase in railways, metros, bullet trains, IT hubs, commercial centers, etc. requires the use of vacuum circuit breakers for stable and reliable electricity supply. Rapid urbanization has increased demand for a vacuum circuit breaker in the sub-stations. Growing railway and metro network has boosted the demand for vacuum circuit breakers. The increase in the number of power generation plants and transmission infrastructure has also increased sales of vacuum circuit breakers. The African continent will have the greatest potential out of the five regions. Electrification of the African continent in the near future will fuel demand for vacuum circuit breakers in upcoming decades. The integration of renewable energy in the electrical grid in developed countries and developing countries has increased investment in the electrical power system and boost the vacuum circuit breaker market. Automation and modernization of electrical infrastructure in the North American and European regions will stimulate the demand of a vacuum circuit breaker.
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