Circuit Breaker Market by Insulation Type, Voltage, Installation, End-user and Region – Global Forecast to 2025

Dublin, Jan. 15, 2021 (GLOBE NEWSWIRE) — The “Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End User (Transmission & Distribution Utilities, Power Generation, Renewables, & Railways) and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025.The gas circuit breaker segment is expected to hold the largest share of the circuit breaker market, by insulation type, during the forecast period.The gas circuit breakers segment is estimated to lead the circuit breaker market during the forecast period. The market for a gas circuit breaker is driven by high dielectric property and less space requirement. The Asia Pacific is estimated to hold the largest share of the gas circuit breakers market, followed by Europe because of increasing investments in renewable energy resulting in the demand for the upgrades of the existing substations or the installation of new ones are expected to drive the market for SF6-based gas-insulated switchgear.Asia Pacific: The fastest-growing market for circuit breaker.The Asia Pacific is the fastest-growing market for circuit breakers, followed by Europe, and North America. The growth of this region is driven by increasing T&D network expansion and industrialization projects in countries such as China, Japan, and South Korea. For instance, The State Grid Corporation of China (SGCC) plans to invest USD 250 billion in electric power infrastructure upgrade, out of which USD 45 billion are planned to be invested in smart grids between 2018 and 2020. Korea Electric Power Corp. (KEPCO) of South Korea also plans to invest USD 7.18 billion for nationwide smart grid infrastructure, which is to be completed by 2030. All these investments are likely to create demand for circuit breakers in the region.Key Topics Covered:
1 Introduction2 Research Methodology3 Executive Summary
3.1 Scenario Analysis
3.1.1 Optimistic Scenario
3.1.2 Realistic Scenario
3.1.3 Pessimistic Scenario
For more information about this report visit https://www.researchandmarkets.com/r/tdaw9uCONTACT: ResearchAndMarkets.com
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