The global Gas Circuit Breaker Market is anticipated at USD 647 million in 2022. Demand is likely to remain high for gas circuit breakers during the assessment period. This is due to the rising demand for renewable energy and garnering USD 1018.5 million in 2033, recording a CAGR of 4.2% from 2023 to 2033. The market is likely to secure USD 675 million in 2023.
| Data Points | Kay Statistics |
|---|---|
| Gas Circuit Breaker Market Size Value in 2023 | USD 675 million |
| Gas Circuit Breaker Market Forecast Value in 2033 | USD 1018.5 million |
| Global Growth Rate | 4.2% |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Gas Circuit Breaker Industry:
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
| Attributes | Details |
|---|---|
| Historical CAGR (2018 to 2022) | 3.7% |
| Forecasted CAGR (2023 to 2033) | 4.2% |
The gas circuit breaker market is expected to grow at a CAGR of nearly 4.2% over the forecast period 2023 to 2033.
A gas circuit breaker is mainly used as a high-voltage current chopping device. Sulphur hexafluoride (SF6) is used to absorb free electrons from the disconnector chamber owing to its negative affinity property.
Usually, fuses, oil circuit breakers etc., are used, however, gas circuit breakers are considered a more efficient means to chop voltage as compared to the conventional methods typically for applications involving medium and high voltages. High-voltage applications are the major deployment area for gas circuit breakers.
Future Market Insights has drafted a new research report on the global gas circuit breakers market. According to this research report, the global market is expected to grow at a CAGR of 4.2% during the period of forecast to reach a valuation of more than USD 1018.4 Million by the end of the year of assessment from a value of around USD 621 million in 2021.
An increasing number of government projects for high-voltage transmission lines and an increasing number of orders for high-voltage substations are driving this market.
Increasing technological advancements in transmission grids and significant demand for outdoor ultra-high voltage gas circuit breakers for industrial purposes are likely to boost the growth of the global gas circuit breaker market throughout the forecast.
Increasing Application in the Industrial Sector to Drive the Growth Of The Market
The industrial and commercial sectors require robust electrical infrastructure to support their operations. Gas circuit breakers are widely used in industrial applications, such as manufacturing plants, petrochemical facilities, and mining operations, where reliable circuit protection is essential. The growth of these sectors contributes to the demand for gas circuit breakers. The use of gas circuit breakers in the industrial sector has been rising for the past several years.
With increasing regulations regarding safety and environmental impact, there is a growing preference for gas circuit breakers over conventional circuit breakers in the industrial sector.
Increasing Technological Advances in Power Infrastructure Boost the Market Growth
With increasing investment in upgrading and expanding their power infrastructure, in developing and developed nations the demand for gas circuit breakers increases as it provides compact and reliable solutions for high-voltage applications, enabling efficient power transmission and distribution.
The modernization of electrical grids and the implementation of smart grid technologies are driving the demand for advanced circuit protection solutions. Gas circuit breakers, with their compact design and superior performance, are well-suited for smart grid applications, enabling efficient monitoring, control, and management of power distribution networks.
The Rapid Technological Advances in Power Infrastructure Boosted the Growth of the Gas Circuit Breakers Market in The United States
The global gas circuit breaker market is expected to be dominated by North America. The global gas circuit breakers market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 4.0% and is expected to accumulate a market value of USD 345 million over the forecast period. Unites states are expected to account for the largest share of the American region.
The gas circuit breaker market in North America is driven by factors such as the modernization of aging power infrastructure, increasing investments in renewable energy, and stringent safety regulations. The United States and Canada are the major contributors to the market growth in this region. The adoption of gas circuit breakers in utilities, industrial sectors, and commercial applications is increasing to ensure reliable and efficient power distribution.
Growing Demand for Renewable Energy to Boost the Growth of the Market in the United Kingdom
Gas circuit breaker sales in the United Kingdom are expected to keep rising with a CAGR of 3.9% and are expected to gain a market value of USD 278 million by the end of the forecast period.
Europe is a significant market for gas circuit breakers, driven by the emphasis on renewable energy integration, grid modernization, and the replacement of aging infrastructure. Countries like Germany, France, and the United Kingdom are leading the market growth.
The European Union's environmental regulations and the focus on reducing greenhouse gas emissions contribute to the adoption of gas circuit breakers as an environmentally friendly alternative to conventional circuit breakers
Expansion of Power Infrastructure is expected to Drive the Growth of the Market in Asia Pacific
The Asia Pacific gas circuit breaker market is expected to rise at 4.1% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 875 million by the end of the forecast period.
The Asia Pacific region is witnessing rapid growth in the gas circuit breaker market due to the increasing demand for electricity, urbanization, and industrialization. Countries such as China, India, Japan, South Korea, and Southeast Asian nations are key contributors to the market growth. The expansion of power infrastructure, rising investments in smart grids, and the integration of renewable energy drive the demand for gas circuit breakers in this region.
Industrial Segment Generated High Revenue
Based on end-use, the gas circuit breakers market is segmented into
Residential, commercial, and industrial segments. The industrial segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 3.9% during the forecast period.
Gas circuit breakers are widely used in the industrial sector for various applications due to their ability to interrupt high currents and provide reliable protection for electrical systems. Gas circuit breakers find application in industrial manufacturing facilities where large electrical loads are present.
Single Interrupter Segment to Gain a Significant Traction
Based on the configuration, the gas circuit breaker market is segmented into Single interrupter, two interrupters, three interrupters, segments Among all these single interrupter segments remains the end-use category is expected to expand with a CAGR of 3.8% throughout the forecast period.
Single interrupter gas circuit breakers offer reliable and efficient interruption of electrical arcs, providing protection for electrical systems and equipment. Single interrupter gas circuit breakers are commonly used in medium-voltage applications, such as distribution networks, industrial facilities, and commercial buildings.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
New players in the gas circuit breaker market are SCiBreak, and Flurocarbon byproducts among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
Some of the prominent players in the gas circuit breaker market are
Some of the leading circuit breaker market players are striving to strengthen their market position by focusing on advanced launches, thereby expanding their product portfolio.
Several other manufacturers in the market are also joining the bandwagon, following the rising demand from consumers. Their efforts towards catering to the dynamic consumer demand will create growth opportunities in the market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2023 to 2033 |
| Market Value in 2023 | USD 675 million |
| Market Value in 2033 | USD 1018.5 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Voltage Rating, Configuration, End-Use, Technology, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Mitsubishi,; Hitachim; CG; Siemens; Toshiba; Schneider Electric; Megger Group; Eaton; CHINT; Lucy Electric; Fuji Electric |
The growth potential of the market is 4.2% through 2033.
North America is projected to emerge as a lucrative market.
Increasing technological advances in power infrastructure boost market growth.
The United Kingdom is likely to generate a 3.9% CAGR through 2033.
Asia Pacific’s expected share is 4.1% from 2023 to 2033.
| Expected Base Year Value (2024) | USD 87012.9 million |
|---|---|
| Anticipated Forecast Value (2034) | USD 152911.56 million |
| Estimated CAGR (2024 to 2034) | 2.10 % |
| Market Value (2022) | USD 12.05 Billion |
|---|---|
| Market Value (2032) | USD 25.07 Billion |
| Market CAGR (2022 to 2032) | 7.6% |
| Estimated Value of Global Market by 2032 | USD 7.47 Billion |
|---|---|
| Documented Market Value of the Market in 2022 | USD 4.8 Billion |
| Estimated CAGR from 2022 to 2032 | 4.1% |
Explore Electrical & Heavy Machinery Insights
View Reports
Gas Circuit Breaker Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
