Vacuum Circuit Breaker Market to Grow Significantly at 6% Annually from 2017 to 2023
Global Vacuum Circuit Breaker Market Report by Type (Indoor VCB and Outdoor VCB), by End-User (Building & Construction Industry, Chemicals & Petrochemicals Industry, Foods & Beverages Industry, Metals & Mining Industry and Other Industries) and by Region – Global Forecast To 2023
Pune, India – July 17, 2017 /MarketersMedia/ —
Market Highlights:
Market Research Future Published a Half Cooked Research Report on Global Vacuum Circuit Breaker Market. The Vacuum Circuit Breaker Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
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, globally.
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).
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Market Research Analysis:
Asia-Pacific Region is Expected to Grow at the Fastest Rate:
The vacuum circuit breaker market in the Asia-Pacific region is currently leading and is followed by Europe market. The rapid industrial development and urbanization in countries such as India and China, where there are issues with load management in electricity supply and the predominant use of conventional fuses, are driving the market for vacuum circuit breakers.
Scope of the Report:
This study provides an overview of the global vacuum circuit breaker market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
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The scope of the study segments the global vacuum circuit breaker market by its type, by end-user and by regions.
By Cooling:
• Indoor VCB
• Outdoor VCB
By End-User:
• Building & Construction Industry
• Chemicals & Petrochemicals Industry
• Foods & Beverages Industry
• Metals & Mining Industry
• Other Industries
By Regions:
• North America
• Asia Pacific
• Europe
• Rest of the World
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Akash Anand
Email: akash.anand@marketresearchfuture.com
Organization: Market Research Future (MRFR)
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/vacuum-circuit-breaker-market-3625
Source: MarketersMedia
Release ID: 217943
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