Global Generator Circuit Breakers Market Analysis 2022
The Global Generator Circuit Breakers Market is expected to reach $428.49 million by 2028 growing at a CAGR of 4.4% from 2021 to 2028. Generator circuit breakers are electrical devices that have application in multi-unit stations between a generator and the step-up voltage transformer. Generator circuit breaker plays a vital role in power generation plants to improve the reliability and protection of power unit equipment such as generators and step-up transformers.
Factors such as increasing demand for power generation and growing industrialization and urbanization are driving the growth of the market. However, environmental regulations and the increasing shifts toward solar photovoltaic generators are restraining the growth of the market.
Based on application, the natural gas power plants segment is going to have a lucrative growth during the forecast period owing to the rising clean electricity demand and an increasing number of utility-size gas-fired power projects.
The key vendors mentioned are Toshiba Corp., Siemens AG, Mitsubishi Electric Corporation, Larsen & Toubro, Hitachi Ltd., General Electric, Eaton Corporation, Chint Electric Co. Ltd., Bharat Heavy Electricals Ltd., Alstom, ABB Ltd., and Schneider Electric SE.
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