As per MRFR analysis, the Gas Circuit Breaker Market Size was estimated at 13.11 (USD Billion) in 2022. The Gas Circuit Breaker Market Industry is expected to grow from 13.7(USD Billion) in 2023 to 20.3 (USD Billion) by 2032. The Gas Circuit Breaker Market CAGR (growth rate) is expected to be around 4.47% during the forecast period (2024 - 2032).
Key Gas Circuit Breaker Market Trends Highlighted
Key market drivers include increasing demand for renewable energy sources and smart grids, urbanization and industrialization, and the need for reliable and efficient power distribution systems. Opportunities exist in expanding into new markets, such as developing countries, and developing innovative technologies that meet the evolving needs of the industry. Recent trends have focused on the adoption of digital technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), to enhance the performance and efficiency of gas circuit breakers. Furthermore, the integration of renewable energy sources into the grid is driving demand for gas circuit breakers with higher voltage ratings and faster operating speeds. Market participants are also exploring the use of sustainable materials and eco-friendly technologies to reduce the environmental impact of gas circuit breakers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Circuit Breaker Market Drivers
Increasing Demand for Reliable and Efficient Power Transmission and Distribution
Increasing demand for reliable and efficient power transmission and distribution is one of the major drivers for the global gas circuit breaker market. With the growing population of humans, the demand for electricity is also increasing. Thus, together with growing power grids, the demand for electricity is creating pressure on the existing grid infrastructure. With the increasing demand for reliable and efficient power transmission and distribution, the dependability on gas circuit breakers is also increasing, as this equipment is used for the grids for their safe operation from faults breaking and overloading.Thus, the growing demand for reliable and efficient power transmission and distribution is expected to drive the demand for gas circuit breakers in the coming years. A few factors that are driving the increasing demand for reliable and efficient power transmission and distribution are increasing population and urbanization, increasing use of electricity in developing nations, and the growth in the renewable energy sources need to upgrade the efficiency of the existing power grid Thus the increasing demand for reliable and efficient power transmission, and distribution is expected to be supporting the major drivers of the global gas circuit breaker market in the coming years.
Growing Adoption of Smart Grid Technologies
Another major driver of the global gas circuit breaker market is the increasing adoption of smart grid technologies. These grids are characterized by high intelligence and the use of advanced communication and control tools to improve the efficiency, relatability, and security of power transmission. Obviously, gas circuit breakers are essential for smart grids to ensure that they are protected from faults and overloads. The development of smart grid technology will lead to an increasing demand for gas circuit breakers.Moreover, the growing adoption of smart grid technologies results from three broad factors including the need to make power transmission and delivery more efficient, increase the relatability of the process, and enhance security associated with these processes. The growing adoption of smart grid technologies will, therefore, guarantee the demand for gas circuit breakers increasing in the future, thus, driving the global market.
Increasing Investment in Renewable Energy
Increasing investment in renewable energy is another major driver for the global gas circuit breaker market. Nowadays, renewable energy is gaining growing popularity as a power source. Solar and wind power are the most common examples of this type of energy. The reasons to use it are also diverse, as it is inexpensive, environment-friendly, and endlessly renewable. However, this type of power gets interrupted from time to time and can vary in the intensity of production.Subsequently, it cannot power all support as there is a probability that it will lack the resources. This way, another type of energy should be used and it is provided with gas circuit breakers. They protect the grid from faults and overloads while integrating alternative power sources in the network. Investment in renewable energy will keep its growth, contributing to the higher demand for the gas circuit breaker.
Gas Circuit Breaker Market Segment Insights
Gas Circuit Breaker Market Voltage Level Insights
The JJIMART Team has broken down its market into three sections by voltage level. The market is divided into low voltage, high voltage, and combined voltage. Low-voltage gas circuit breakers are used in applications with a voltage of less than 1 kV. Medium voltage gas circuit breakers are used in applications with a voltage of between 1kV and 36 kV. High-voltage gas circuit breakers are used in applications with voltage above 36kV. Moreover, the low-voltage segment dominated the Global Gas Circuit Breaker Market in 2023. The growth of this segment is attributed to the rising demand for low-voltage gas circuit breakers for residential and commercial applications.Additionally, the medium voltage segment is anticipated to register a CAGR of 4.6% from 2024 to 2032. The increase is attributed to the rising demand for medium voltage gas circuit breakers for industrial use. Likewise, the high voltage segment is expected to register a CAGR of 4.8% from 2024 to 2032. The rise in growth rate is attributed to the increasing demand for high-voltage gas circuit breakers in power transmission and distribution. The increase will be caused by the increase in demand for gas circuit breakers in different applications, such as power generation, transmission, and distribution.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Circuit Breaker Market Current Rating Insights
The Global Gas Circuit Breaker Market is segmented by Current Rating into 500 Amps, 500 – 1500 Amps, and> 1500 Amps. The 500 – 1500 Amps segment has the highest value with respect to market share, which is assumed to be approximately 45% of the Global Gas Circuit Breaker Market revenue. The industrial and commercial applications are the significant contributors to the medium-voltage gas circuit breakers market. The 500 Amps segment is also expected to rise in the predictions for the forecast period because of the demand for low-voltage gas circuit breakers from residential and small commercial buildings.The > 1500 Amps segment is expected to increase in the postulated period because of the demand for high-voltage gas circuit breakers in power transmission and distribution networks.
Gas Circuit Breaker Market Breaking Capacity Insights
The Breaking Capacity segment of the Global Gas Circuit Breaker Market is expected to exhibit significant growth in the coming years. The market is segmented into three categories based on breaking capacity: ' 25kA', '25kA - 50kA', and '> 50kA'. The ' 25kA' segment held the largest market share in 2023 and is expected to continue to dominate the market over the forecast period. This is primarily due to the wide application of low-voltage gas circuit breakers in distribution networks and industrial settings. The '25kA - 50kA' segment is projected to witness a steady growth rate during the forecast period.This growth is attributed to the increasing demand for gas circuit breakers in medium-voltage applications, such as power plants and substations. The '> 50kA' segment is expected to register the highest growth rate over the forecast period. This growth is driven by the rising adoption of high-voltage gas circuit breakers in transmission networks and other applications that require high breaking capacity. Overall, the Global Gas Circuit Breaker Market is expected to register a CAGR of 4.47% from 2024 to 2032, reaching a market valuation of USD 20.3 billion by 2032.
Gas Circuit Breaker Market Mounting Type Insights
The Global Gas Circuit Breaker Market is segmented into various mounting types, including indoor, outdoor, and pole-mounted. The indoor segment accounted for the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. Indoor gas circuit breakers are preferred for applications where space is a constraint, such as in data centers and industrial facilities. The outdoor segment is expected to witness a significant growth rate during the forecast period, owing to the increasing demand for reliable and efficient power distribution in outdoor applications such as substations and transmission lines.Pole-mounted gas circuit breakers are typically used in distribution networks, offering easy installation and maintenance. The market growth for pole-mounted gas circuit breakers is expected to be driven by the increasing demand for reliable power supply in rural and remote areas.
Gas Circuit Breaker Market Gas Medium Insights
The Global Gas Circuit Breaker Market is segmented by the gas medium into SF6, air, and vacuum. The SF6 segment held the largest market share in 2023 and is projected to continue to dominate the market through 2032. The air segment is expected to experience the highest CAGR during the forecast period, driven by the growing demand for eco-friendly and cost-effective solutions. The vacuum segment is expected to grow at a moderate pace due to its high cost and limited applications. In 2023, the SF6 segment was valued at USD 7.8 billion, the air segment was valued at USD 4.2 billion, and the vacuum segment was valued at USD 1.7 billion.By 2032, the SF6 segment is projected to reach USD 11.2 billion, the air segment is projected to reach USD 6.3 billion, and the vacuum segment is projected to reach USD 2.8 billion.
Gas Circuit Breaker Market Regional Insights
The regional market segmentation of the Global Gas Circuit Breaker Market offers valuable insights into the geographical distribution of the industry. North America holds a dominant position in the market revenue, accounting for over 35% of the total market share. Europe follows closely behind, capturing approximately 30% of the market. The Asia-Pacific (APAC) region is poised for significant growth, driven by increasing demand from emerging economies such as China and India. South America and the Middle East and Africa (MEA) regions are expected to contribute to the overall market expansion, albeit at a slower pace compared to the other regions.These regional insights are crucial for businesses operating in the Gas Circuit Breaker Market, enabling them to tailor their strategies and target specific geographical markets for potential growth and revenue generation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Circuit Breaker Market Key Players And Competitive Insights:
Major players in the Gas Circuit Breaker Market industry are constantly striving to develop innovative products and solutions to meet the ever-changing needs of their customers. Leading Gas Circuit Breaker Market players are investing heavily in research and development to enhance the performance and capabilities of their products. This competitive landscape is driving Gas Circuit Breaker Market development and innovation, resulting in the introduction of new technologies and advancements in the industry.ABB is a leading player in the Gas Circuit Breaker Market. The company offers a wide range of gas circuit breakers, including high-voltage, medium-voltage, and low-voltage circuit breakers. ABB's gas circuit breakers are known for their reliability, durability, and high-performance capabilities. The company has a strong global presence and serves customers in various industries, including power generation, transmission, and distribution.Schneider Electric is another major player in the Gas Circuit Breaker Market. The company offers a comprehensive portfolio of gas circuit breakers, ranging from compact indoor circuit breakers to high-power outdoor circuit breakers. Schneider Electric's gas circuit breakers are designed to meet the specific requirements of different applications and industries. The company has a strong focus on sustainability and innovation and continuously develops new solutions to improve the efficiency and reliability of its products.
Key Companies in the Gas Circuit Breaker Market Include:
Gas Circuit Breaker Market Industry Developments
The global gas circuit breaker market is projected to reach USD 20.3 billion by 2032 from USD 13.7 billion in 2023, at a CAGR of 4.47% during the forecast period. The rising demand for electricity and the increasing investments in the power sector are the major factors driving the growth of the gas circuit breaker market. Additionally, the growing adoption of renewable energy sources, such as solar and wind power, is also contributing to the growth of the market.Some recent developments in the gas circuit breaker market include:In 2023, Siemens Energy launched a new range of gas-insulated switchgear (GIS) products, including circuit breakers, disconnectors, and earthing switches. These products are designed to meet the increasing demand for reliable and efficient power distribution systems.
In 2022, ABB acquired GE's high-voltage circuit breaker business, which includes gas circuit breakers. This acquisition will strengthen ABB's position in the gas circuit breaker market and expand its product portfolio.
In 2021, Eaton Corporation announced plans to invest $100 million in its gas circuit breaker manufacturing facility in Pennsylvania, USA. This investment will increase the production capacity of the facility and support the growing demand for gas circuit breakers.
Gas Circuit Breaker Market Segmentation Insights
Gas Circuit Breaker Market Voltage Level Outlook
Gas Circuit Breaker Market Current Rating Outlook
Gas Circuit Breaker Market Breaking Capacity Outlook
Gas Circuit Breaker Market Mounting Type Outlook
Gas Circuit Breaker Market Gas Medium Outlook
Gas Circuit Breaker Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 13.11 (USD Billion) |
| Market Size 2023 | 13.7 (USD Billion) |
| Market Size 2032 | 20.3 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.47% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2022 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Powell Industries, Chint Group, Eaton, ABB, Mitsubishi Electric, Schneider Electric, CG Power, Fuji Electric, Kehua Tech, General Electric, Toshiba, Siemens, Mitsubishi Heavy Industries, Hyosung, Wilson Power Solutions |
| Segments Covered | Voltage Level, Current Rating, Breaking Capacity, Mounting Type, Gas Medium, Regional |
| Key Market Opportunities | Grid modernization, renewable energy integration, digitalization, SF6 phaseout, emerging economies |
| Key Market Dynamics | Increasing demand, Â technology advancements, regulatory compliance, infrastructure development, and renewable energy integration. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global Gas Circuit Breaker market is expected to grow at a CAGR of 4.47% from 2024 to 2032.
The global Gas Circuit Breaker market is expected to reach a valuation of USD 20.3 billion by 2032.
The increasing demand for reliable and efficient power distribution systems is a key factor driving the growth of the global Gas Circuit Breaker market.
Gas Circuit Breakers are primarily used in high-voltage power distribution systems, substations, and industrial facilities.
Key competitors in the global Gas Circuit Breaker market include ABB, Siemens, Schneider Electric, and General Electric.
Challenges faced by the global Gas Circuit Breaker market include the high cost of raw materials and the increasing competition from alternative circuit breaker technologies.
Asia-Pacific is expected to be the largest market for Gas Circuit Breakers, followed by North America and Europe.
Key trends in the global Gas Circuit Breaker market include the development of compact and lightweight Gas Circuit Breakers, as well as the increasing adoption of digital technologies.
Growth opportunities for the global Gas Circuit Breaker market include the increasing demand for renewable energy sources and the expansion of smart grids.
The global Gas Circuit Breaker market is highly competitive, with a number of established players. Key players are focusing on product innovation and strategic partnerships to gain market share.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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