The global vacuum circuit breaker market is valued at approximately US$2.6 billion in 2019 and is expected to grow at a healthy growth rate of over 6.49% during the forecast period of 2020-2027.
A vacuum circuit breaker is an electrical switch used to interrupt the current when a fault is detected in the current path. It is a circuit breaker that extinguishes arcs in a vacuum medium. The vacuum interrupter contains a steel arc chamber in a ceramic insulator arranged symmetrically in the center, and the pressure in the chamber is kept below 0.01 Pascal. Because of these basic characteristics, it has a wide range of applications in the power and electronic industries. The global outbreak of COVID-19 has had an adverse impact on market growth due to the slowdown in the supply of basic raw materials and generator sets due to the blockade of various economies. However, the rapid growth of urbanization and industrialization has led to a large demand for energy and electricity, and therefore the demand for vacuum interruption to control and monitor the flow of electricity has escalated.
Request a free sample of this market research report @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw995
For example, according to Our world in Data statistics, in 2016, more than 4.05 billion people lived in urban areas, and the population increased to more than 4.13 billion in 2017. In addition, the expansion of the transmission and distribution network is driving market growth. In addition, the risk associated with dDevice failure is a factor hindering market growth.
Regional analysis of the global vacuum circuit breaker market in key regions such as Asia Pacific, North America, Europe, Latin America and other regions of the world is considered. Due to the rapid growth of urbanization and industrialization, North America is the leading/important region in the global market share. However, the Asia-Pacific region is also expected to show the highest growth rate/compound annual growth rate during the 2020-2027 forecast period. Factors such as the upgrade and modernization of the aging infrastructure of the safe and reliable power distribution system will create profitable growth prospects for the vacuum circuit breaker market in the entire Asia-Pacific region.
The major market participants included in this report include: Eaton Siemens Co., Ltd. Crompton Greaves Limited Shaanxi Baoguang Vacuum Appliance Co., Ltd. Meidensha Corporation Mitsubishi Electric Co., Ltd. Toshiba Co., Ltd. Wuhan Feite Electric Co., Ltd. Chengdu Xuguang Electronics Co., Ltd. Shaanzi Joyelectric International Co., Ltd. the company.
The purpose of the study is to define the market size of different market segments and countries in recent years, and to predict the value in the next eight years. The report aims to incorporate the qualitative and quantitative aspects of the industry into every region and country involved in the study. In addition, the report also provides detailed information on key aspects, such as the drivers and challenges that will define the future growth of the market. In addition, the report should also include the available opportunities for stakeholders to invest in the micromarket, as well as a detailed analysis of the competitive landscape and product supply of the major players. The detailed market segments and sub-segments are explained as follows:
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the world
Send a request to Report Ocean to understand the structure of the complete report @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw995
Major consulting companies and consultants, large, medium and small enterprises, venture capitalists, value-added resellers (VAR), third-party knowledge providers, investment bankers, investors
Post time: Jun-16-2021