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To the global circuit breaker market scale will be more than $13.5 billion in 2024
DATE:2017-4-26 8:24:18

According to market-research firm Global Market Insights to the report, in 2024 the Global circuit breaker Market scale is expected to be over $13.5 billion. 

Commercial and industrial end-user demand growth of modular and integrated substation should spur the global circuit breaker market growth in the forecast period.In 2016, $12.4 million contract, Siemens winners Qatar for hamad port of large-scale projects to provide comprehensive electronic transformer substation. 

For the renewable energy generation output to the national grid of green corridor project will have a positive impact to the industry.In 2014, India's power grid company (PGCIL) announced the investment of more than $7 billion to promote clean energy power plant with the national, state grid integration. 

Public institutions and other private participants for the reform of traditional grid infrastructure to increase investment will expand circuit breaker markets around the world.In 2015, the Chinese government announced to invest $315 billion over the next five years to complete the grid infrastructure.By countries such as China, India, South Africa and Nigeria design of rural electrification program will further affect the market prospects. 

In 2015, the low voltage circuit breaker market value over $1 billion.Deployment of new low-voltage substation in the remote area of strong investment prospects will expand the scale of the industry.Due to the high dielectric strength and efficient arc extinguishing performance of SF6 is expected to witness significant growth of more than 10%. 

The circuit breaker market share is expected to more than 7%.The safety of government plans to strengthen existing grid infrastructure, and deployment of new high-voltage dc lines for long distance power transmission, will promote the market growth. 

Circuit breaker in Europe market, the UK income over $140 million in 2015.To the development of new smart grid infrastructure investment will expand industry prospects. 

By 2024, the circuit breaker in China market will be more than $2 billion.China's rural electrification project, China's rural electrification projects to provide residents of renewable energy projects will promote the development of the Chinese market. 

By 2024, India circuit breaker market is expected to grow by more than 8%."A country, a grid, a price" and other initiatives will expand the size of the market. 

Income over $100 million in 2015, the Saudi Arabia market, remote onshore oil and gas drilling area of modularity and transformer substation integrated circuit breaker market demand will be conducive to the growth in demand stimulation. 

By 2024, the circuit breaker in Brazil market scale is expected to over $450 million.Grid-connected renewable energy to the national grid and state grid will expand the market demand. 

Circuit breaker market of the world's major industry players, including general electric - alstom, Powell industry, mitsubishi electric, bell fuse company, schneider electric, Toshiba, Siemens and ABB, Eaton, tyco electronics.

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