Vacuum Circuit Breaker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2023
Market Highlights The need for uninterrupted electricity supply is growing because of the rise in world population and rapid industrialization. The growing need for efficient and effective load management and the need of renewable energy to be connected to the grid are expected to aid in the growth of the vacuum circuit breakers market over the forecast period. However, the high cost of vacuum circuit breaker as compared to traditional fuses and the high level of complexity involved in the design to give module level protection will restrain the vacuum circuit breaker market, The constant need for electricity, the growing need for efficient and effective load management and the need of renewable energy to be connected to the grid, will aid in the growth of the vacuum circuit breakers market over the forecast period. However, the high cost of vacuum circuit breaker over traditional fuses and high level of intricacy involved in the design for module level protection, will restrain the vacuum circuit breaker market, globally. Vacuum Circuit Breaker Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023. Key Players: The key players of global vacuum circuit breaker market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Crompton Greaves Ltd. (India), Alstom SA. (France), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), L&T Electrical & Automation (India), Kirloskar Electric Company Ltd. (India) and Eaton Corporation PLC (Ireland). Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3625 A circuit breaker is a device that, interposes an electric circuit to avert unwarranted current, caused by short circuit, typically resulting from overload. A vacuum circuit breaker (VCB) is a kind of circuit breaker where the arc quenching takes place in vacuum medium. In a vacuum circuit breaker, vacuum interrupters are used for breaking and making load and fault currents. A vacuum circuit breaker can be used frequently or at a place of multi breaking short circuit. Vacuum circuit breakers are widely used in utility sector, to reduce energy loses in power generation and transmission efficiently. These factors will be contributing for the growth of global vacuum circuit breaker market in forecast period.