The Medium Voltage Circuit Breaker Global Market Report 2023, provides comprehensive information on the medium voltage circuit breaker market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Medium Voltage Circuit Breaker Market’s Growth:
As per The Business Research Company’s Medium Voltage Circuit Breaker Global Market Report 2023, the global medium voltage circuit breaker market is expected to grow from $5.49 billion in 2022 to $6.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The medium voltage circuit breaker market is expected to reach $9.30 billion in 2027 at a CAGR of 10.9%.
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Product innovation is a key trend gaining popularity in the medium voltage circuit breaker market. Major companies operating in the medium voltage circuit breaker market are focused on innovating advanced solutions to strengthen their position in the market. For instance, in November 2022, Eaton Corporation plc, an Ireland-based power management company, launched medium voltage products such as FMX single-busbar switchgear, W-VACi vacuum circuit breakers (shown), and Unitole UX withdrawable switchgear to strengthen its medium voltage (to 24kV) line of products for use in distribution networks, infrastructure, and industrial applications. The new W-VACi vacuum circuit breakers are available separately for use in other devices. They’re small and inexpensive and are available in IEC 12kV, 17.5kV, and 24kV varieties. The breakers are available in fixed and withdrawable forms, with all kinds employing an industry-standard assembly that combines dependability, long life, and almost maintenance-free operation.
The medium voltage circuit breaker market is segmented:
1) By Product: Air Circuit Breaker (ACB), Vacuum Circuit Breaker (VCB), Gas Circuit Breaker (GCB), Other Products
2) By Installation: Indoor, Outdoor
3) By Application: Power Distribution, Power Transmission
4) By End-User: Residential, Commercial, Industrial, Utility
Asia-Pacific was the largest region in the medium voltage circuit breaker market in 2022.
The table of contents in TBRC’s medium voltage circuit breaker market report includes:
1. Executive Summary
2. Medium Voltage Circuit Breaker Market Characteristics
3. Medium Voltage Circuit Breaker Market Trends And Strategies
4. Medium Voltage Circuit Breaker Market – Macro Economic Scenario
5. Global Medium Voltage Circuit Breaker Market Size and Growth
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26. South America Medium Voltage Circuit Breaker Market
27. Brazil Medium Voltage Circuit Breaker Market
28. Middle East Medium Voltage Circuit Breaker Market
29. Africa Medium Voltage Circuit Breaker Market
30. Medium Voltage Circuit Breaker Market Competitive Landscape And Company Profiles
Top Major Players:
- Hyundai Motor Company
- Siemens AG
- General Electric Company
- Schneider Electric SE
- Mitsubishi Electric Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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