Gas Circuit Breaker Market Size - By Voltage (Medium, High), By Installation (Indoor, Outdoor). By Application (Power Distribution, Power Transmission), By End Use (Industrial, Utility) & Forecast, 2023 - 2032
Gas circuit breaker market size is projected to observe over 11% CAGR from 2023 to 2032. The increasing demand for reliable and efficient power distribution systems in a large number of industries and utilities is fueling the adoption of gas circuit breakers (GCBs) for interrupting and protecting electrical circuits.
The rising shift towards environmentally friendly and low-global-warming-potential gas alternatives, such as SF6-free technologies is helping in addressing the environmental concerns. For instance, in March 2022, GE Renewable Energy's Grid Solutions unveiled the inaugural prototype of a 420 KV G3 gas-insulated substation circuit breaker, marking a significant milestone in the advancement of this technology. Additionally, the growing emphasis on smart grid infrastructure and the rapid strides in GCB technologies, including digital solutions is paving the path for enhanced grid reliability and performance. The influx of stringent regulations regarding safety along with the growing need for effective fault detection and interruption mechanisms will complement the industry growth.
The gas circuit breaker market is categorized into voltage, installation, application, end-use, and region.
Based on voltage, the revenue share from the high segment is estimated to rise at significant CAGR from 2023 to 2032, due to the increasing demand for reliable as well as efficient power transmission and distribution. The expansion of electricity infrastructure, grid modernization initiatives, and the rising need for advanced circuit protection solutions in several industries will contribute to the higher adoption of high-voltage gas circuit breakers in the coming years.
The outdoor installation segment is projected to account for sizeable share of the gas circuit breaker market by 2032, owing to the expansion of power networks, particularly in remote and outdoor settings. The need for reliable circuit interruption and protection along with the growing demand for robust and weather-resistant solutions will drive the adoption of gas circuit breakers in outdoor installations.
Regionally, the North America gas circuit breaker industry is projected to grow at rapid pace between 2023 and 2032. The growth can be ascribed to the increasing focus on grid modernization, the replacement of aging infrastructure, and the surging demand for reliable power distribution. The influx of stringent environmental regulations favoring eco-friendly alternatives and the adoption of advanced technologies will drive the product deployment across the region.
- Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Gas circuit breaker industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Voltage trends
- 2.1.3 Installation trends
- 2.1.4 Application trends
- 2.1.5 End use trends
- 2.1.6 Regional trends
- Chapter 3 Gas Circuit Breaker Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
- Chapter 4 Competitive Benchmarking
- 4.1 Innovation & sustainability landscape
- 4.2 Competitive landscape, 2023
- 4.2.1 Strategy dashboard
- Chapter 5 Gas Circuit Breaker Market, By Voltage
- 5.1 Key voltage trends
- 5.2 Medium
- 5.3 High
- Chapter 6 Gas Circuit Breaker Market, By Installation
- 5.1 Key installation trends
- 5.2 Indoor
- 5.3 Outdoor
- Chapter 7 Gas Circuit Breaker Market, By Application
- 7.1 Key application trends
- 7.2 Power distribution
- 7.3 Power transmission
- Chapter 8 Gas Circuit Breaker Market, By End Use
- 8.1 Key end use trends
- 8.2 Industrial
- 8.3 Utility
- Chapter 9 Gas Circuit Breaker Market, By Region
- 9.1 Key regional trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 France
- 9.3.2 Germany
- 9.3.3 Spain
- 9.3.4 Italy
- 9.3.5 UK
- 9.3.6 Austria
- 9.3.7 Netherlands
- 9.3.8 Russia
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 Kuwait
- 9.5.5 Oman
- 9.5.6 South Africa
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Argentina
- 9.6.3 Peru
- Chapter 10 Company Profiles
- 10.1 Hitachi, Ltd.
- 10.2 DILO Company, Inc.
- 10.3 Mitsubishi Electric Corporation
- 10.4 ABB
- 10.5 Megger
- 10.6 Siemens Energy
- 10.7 GE
- 10.8 Rockwill
- 10.9 Schneider Electric
- 10.10 Zhejiang Volcano Electrical Technology Co.,Ltd
- 10.11 Pfiffner Group
- 10.12 Crompton Greaves Limited
- 10.13 MEIDENSHA CORPORATION
- 10.14 Toshiba International Corporation
- 10.15 Wenzhou Wolun Electric Technology Co.,Ltd.
- 10.16 Casey Equipment Corporation
- 10.17 Al-Amin Enterprises
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook