Gas Circuit Breakers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Increasing Implementation of High Voltage Transmission Lines Is Driving the Gas Circuit Breaker Market

Globally, the gas circuit breaker market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2029, starting from US$ 750.6 Mn in 2020. Gas circuit breakers consists of sulphur hexafluoride (SF6) which interrupts with electric currents when a fault is detected and helps protect the electrical power stations and distribution systems. Gas circuit breakers have various advantages over conventional methods as these systems donot need to be replaced, however they can be reset to resume usual operations. This feature is the primary factor that has increased the adoption of gas circuit breakers across the globe.

Globally, government projects focusing on high voltage transmission lines are growing at a rapid pace. These projects mainly focus on developing the existing electrical lines and energy transmission systems. In addition, the demand for high voltage substations is increasing rapidly which are driving the growth of this market. Technological advancements and improvisation in transmission grids, growing implementation of gas circuit breakers of ultra-high voltage used outdoors for numerous industrial applications are likely to boost the growth of overall gas circuit breaker market during the forecast period. Furthermore, growing industrialization and urbanization are offering significant growth opportunities to the key players operating in the gas circuit breakers market.

Industrial End User Segment Dominated the Global Market

Based on end-user, the gas circuit breaker market is segmented into residential, commercial, and industrial sectors. In 2020, the industrial sector dominated the market by holding more than 55% of the total market. Rapid industrialization, adoption of advanced technologies in various industries, and increasing penetration of gas circuit breakers in industrial divisions are the primary factors attributed to this high market share. However, the commercial sector is likely to experience significant growth during the forecast period. This segment is projected to witness a growth of over 6.5% from 2019 to 2029.

Asia-pacific To Witness a Fastest Growth in the Market by Region

In 2020, the North American gas circuit breaker market was registered to be around $100 Mn. Asia-Pacific is projected to witness a noteworthy growth during the forecast period based on significant development in the industrial sector in various emerging countries. In addition, increasing investment and development of power sector, expanding urbanization, economic growth, and development of infrastructure to maintain the progression are some of the factors contributing the growth of gas circuit breaker market in this region. Furthermore, expansion of various key international players are also fueling the growth of this market during the forecast period.

Some of the prominent players operating in the gas circuit breaker market include General Electric, ABB Group, Toshiba Corporation, Nissin Electric Co., Ltd., Siemens AG, Hyosung Corporation, Schneider Electric SE, Kirloskar Electric Company Ltd., Hitachi Ltd., CG Power and Industrial Solutions Limited, HICO America, and Fuji Electric Co., Ltd.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of gas circuit breaker in 2020 and forecast up to 2029?
• Which is the largest regional market for gas circuit breaker?
• What are the major trends followed in gas circuit breaker market across different regions?
• Who is the key gas circuit breaker companies leading the market?
• What are the key strategies adopted by the leading gas circuit breaker companies in market?

Unique data points of this report

• Statistics on gas circuit breaker penetration and spending worldwide
• Recent trends across different regions in terms of adoption of gas circuit breaker for various end users.
• Notable developments going on in gas circuit breaker market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

This product will be delivered within 2 business days.