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North American High-Voltage Circuit Breaker Market, Forecast to 2024

  • Report

  • 77 Pages
  • December 2018
  • Region: North America
  • Frost & Sullivan
  • ID: 4715538

Cumulative High-voltage Circuit Breaker Sales to Exceed 40,000 Units by 2024

The North American high-voltage circuit breaker market has been analyzed on the basis of the voltage classes: 72.5kV, 115kV, 123kV, 145kV, 170kV, 245kV, 352kV, 550kV, and 800kV. The report is segmented based into the sub-transmission (72.5kV) and transmission (greater than 72.5kV) segments. Based on the construction type, the circuit breaker market is segmented into live tank and dead tank circuit breakers.

Research Highlights

The geographical region covered in this report includes only the United States and Canada. The revenue reported in this report includes circuit breakers that are sold in North America only. The report does not include revenue generated out of refurbished or retrofitted circuit breakers in the region. Breakers sold to all end users have been considered for revenue calculation.

Growing renewable energy investment is driving significant investments in utility infrastructures, like the transmission and distribution networks. The market is forecasted to grow at a compound annual growth rate (CAGR) of 3.1% from 2017 to 2024. Market growth is driven by the replacement of aged grid infrastructure and growing weather related incidents. Most of the transmission and distribution infrastructure in the United States is aged. Moreover, in 2017, the United States witnessed 16 separate billion dollar weather and climate disasters including floods, cyclones, and storms.

Some of the challenges in the industry include flat power demand and the need to refurbishment of aged equipment, which slow the pace of the market growth. Technology, price, and customer relationships are among the top preferences for utilities and industrial customers when it comes to selecting a supplier. In 2018, the US government has increased the import tariff by 25% for steel imported from countries outside North America. Following the increase in tariffs on steel and copper, the prices of raw materials are expected to increase, which in turn could adversely affect the purchasing decisions of cash constrained utilities and industries. These end users could opt for retrofitting or refurbishing circuit breakers to prolong their life, as a cheaper option to buying new circuit breakers.

Key Issues Addressed

  • Is the market growing, how long will it continue to grow, and at what rate?
  • Are the existing competitors structured correctly to meet customer needs?
  • Which construction type will grow faster across the globe and why?
  • What are the growth opportunities in the market for traditional Original Equipment Manufacturers (OEM)?
  • Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Table of Contents

1. Executive Summary
  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective
  • Associated Multimedia

2. Market Overview
  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
  • Market Distribution Channels

3. Drivers and Restraints - Total Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends - Total Market
  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue and Unit Shipment Forecast
  • Revenue and Unit Shipment Forecast Discussion
  • US Wind Farm Hotspots
  • Revenue Forecast by Insulation Type
  • Revenue Forecast by Insulation Type Discussion
  • Revenue Forecast by Construction Type
  • Percent Revenue Forecast by Country
  • Revenue Forecast by Country
  • Revenue Forecast by Country Discussion
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market

5. Market Share and Competitive Analysis - Total Market
  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • ABB
  • Siemens
  • Mitsubishi Electric
  • General Electric (GE)
  • Hitachi

6. Growth Opportunities and Companies to Action
  • Growth Opportunity - Eco-friendly Gas
  • Growth Opportunity - Mergers and Acquisitions
  • Growth Opportunity - Smart Devices and Data Analytics
  • Strategic Imperatives for Success and Growth

7. Sub-transmission Segment Analysis
  • Sub-transmission Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

8. Transmission Segment Analysis
  • Transmission Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

9. The Last Word
  • 3 Big Predictions
  • Legal Disclaimer

10. Appendix
  • Market Engineering Methodology
  • Partial List of Companies Interviewed and in "Others" Category
  • Learn More - Next Steps
  • List of Exhibits

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB
  • Siemens
  • Mitsubishi Electric
  • General Electric (GE)
  • Hitachi