Gas Circuit Breaker Market

Gas Circuit Breaker Market Drivers, Restraints, and Opportunities expected to influence market growth 2022-2028

Gas Circuit Breaker Market

A gas circuit breaker type of circuit breaker employs pressurised gas to extinguish the arc. In high voltage applications, such as electrical substations, these breakers are used to interrupt the circuit in the event of a fault.

When the circuit breaker is opened, the gas is released and the arc is extinguished. Additionally, the gas acts as a barrier between the contacts, preventing the arc from reigniting.

Key Trends:

In recent years, Gas Circuit Breaker (GCB) technology has seen a number of significant developments. The most notable change has been the shift towards GCBs with higher voltage. This was necessitated by the need for enhanced grid stability and the requirement to accommodate increased loads.

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GCBs with a higher voltage can give greater stability, dependability, and the capacity to manage heavier loads. The creation of novel fault-current limiting devices, the introduction of vacuum interrupters, and the shift towards solid-state devices are all significant developments in GCB technology.

Key Drivers:

Numerous reasons contribute to the expansion of the market for gas circuit breakers. These include the rising demand for power, the requirement for a more reliable system, and the goal to minimise glasshouse gas emissions.

Increasing demand for power is one of the primary factors driving the gas circuit breaker market. As the global population increases, so does the need for energy. This is especially true in developing nations where economic expansion has led to an increase in electricity usage.

Improving grid dependability is another important factor driving the gas circuit breaker market. Due to the rising complexity of the electrical grid, there is a greater demand for circuit breakers that provide reliable fault protection.

Lastly, the goal to reduce glasshouse gas emissions is also fueling the expansion of the market for gas circuit breakers. Gas-powered circuit breakers, as opposed to oil- or air-powered ones, can help cut emissions, which is becoming increasingly essential as the globe seeks to address climate change.

Restraints & Challenges:

The high cost of gas circuit breakers, the requirement for highly qualified individuals to operate and maintain gas circuit breakers, and the possibility for environmental contamination if gas circuit breakers are not properly maintained are the primary restraints and difficulties in the Gas Circuit Breaker market.

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

The estimated value of the North American gas circuit breaker market in 2020 is around $100 million. The Asia-Pacific region is anticipated to have significant growth throughout the forecast period due to the rapid industrialisation of emerging economies. In addition, increased investment and expansion of the power industry, expanding urbanisation, economic growth, and the creation of infrastructure to sustain progress are factors contributing to the growth of the market for gas circuit breakers in this region. In addition, the expansion of a number of major international companies is supporting the growth of this market over the forecast period.

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. are some of the major players in the gas circuit breaker market.

Gas Circuit Breaker Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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