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Europe Vacuum Circuit Breakers Market - Growth, Trends, and Forecast (2018 - 2023)

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  • 109 Pages
  • April 2018
  • Region: Europe
  • Mordor Intelligence
  • ID: 4520167
UP TO OFF until Dec 31st 2023
Vacuum circuit breakers are electrical switching devices used on distribution and transmission networks for safety of the equipment and devices. They provide safe and reliable medium-voltage power distribution and stand out for their long service life. They are circuit breakers where the arc quenching takes place in vacuum. They are widely used in industries like, building & construction, utilities, cement manufacturing, mining & metal and others. The advantage of using a vacuum circuit breaker is that it can be operated frequently or at a place of a multi-breaking short circuit. This technology is mainly used for medium-voltage applications. Normally, medium-voltage circuit breakers are utilized inside switchboards or boards that are situated at the points of the distribution network where the voltage of the electric power is brought down from high to values up to couple of several KV. The consistent requirement for power, stringent demands for operational safety, growing need for effective load management, and the need of renewable energy to be connected to the grid are expected to drive the Europe vacuum circuit breakers market during the forecast period.

Increasing Demand for Energy Efficiency in Construction Industry

Construction Industry has been important to EU’s economy. Buildings hold the largest market share of the total EU final energy consumption. In addition, building renovation can increase energy efficiency and for that a new funding scheme under European Fund for Strategic Investments was implemented in 2015 to finance small energy projects, like renovation. Government initiatives, like European Electricity Grid Initiative, are expected to boost the development of power networks, in turn, driving the vacuum circuit breakers market.

Germany is the Leading Market in Europe

As of 2017, around 80% of all power grid operators in Germany opted for vacuum switch gears. Vacuum circuit breakers accounted for 99% of the circuit breaker market in Germany in 2017. Siemens, which is a key player in the vacuum circuit breakers market, is trying to improve the circuit breaker technology through R&D in Germany. In addition, there is an increasing government expenditure to promote growth of the vacuum circuit breaker market in the country. The technological advancements and increasing government and private investments are expected to drive the market during the forecast period.

The major players include - ABB Ltd, General Electric, Toshiba, Eaton Corporation., Siemens Ltd, CG Power and Industrial Solutions Limited, amongst others.

Reasons to Purchase the Report
  • Current and future Europe vacuum circuit breakers market outlook in the developed and emerging nations

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis

  • Segment that is expected to dominate the market

  • Countries that are expected to witness the fastest growth during the forecast period

  • Identify the latest developments, and strategies employed by the major market players

  • 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

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Table of Contents

1. Executive Summary2. Research Methodology
3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast Until 2023
3.3 Recent Trends and Developments
3.4 Government Rules and Regulations
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Value Chain Analysis
6. Industry Attractiveness - Porter’s Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products & Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Type
7.1.1 Indoor Vacuum Circuit Breakers
7.1.2 Outdoor Vacuum Circuit Breakers
7.2 By Industry
7.2.1 Building & Construction
7.2.2 Cement Manufacturing
7.2.3 Mining & Metal
7.2.4 Utilities
7.2.5 Others
8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)
8.1 Germany
8.2 France
8.3 Italy
8.4 United Kingdom
8.5 Rest of Europe
9. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
9.1 ABB Ltd
9.2 General Electric
9.3 Toshiba
9.4 Eaton Corporation
9.5 Siemens Ltd
9.6 Hawker Siddeley Switchgear Ltd
9.7 Fuji electric
9.8 LSIS Co. Ltd
9.9 Mitsubishi Electric
9.10 Kirloskar Electric Company
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Strategies Adopted by Leading Players
10.4 Future of the Market
11. Disclaimer
(*List of companies is not exhaustive)
(**Subject to availability on public domain)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd

  • General Electric

  • Toshiba

  • Eaton Corporation

  • Siemens Ltd

  • Hawker Siddeley Switchgear Ltd

  • Fuji electric

  • LSIS Co. Ltd

  • Mitsubishi Electric

  • Kirloskar Electric Company