Gas Circuit Breaker Market Size - By Voltage (Medium, High), By Installation (Indoor, Outdoor). By Application (Power Distribution, Power Transmission), By End Use (Industrial, Utility) & Forecast, 2023 – 2032

Gas Circuit Breaker Market Size

Gas Circuit Breaker Market was valued at USD 1.5 billion in 2022 and is estimated to register at a 11% CAGR from 2023 to 2032. The rising need to revamp current electrical systems, alongside substantial investments in grid infrastructure, is set to bolster business prospects. The lack of efficient electric networks in developing nations, along with a push to enhance existing infrastructure in developed countries, has fostered a promising business landscape. In 2021, Europe dedicated over USD 3 billion toward advancing research and development in the smart grid network domain, primarily fueled by substantial projects centered on smart metering.
 

Gas circuit breakers are high-voltage electrical switches that use sulfur hexafluoride or other gases to extinguish arcs, interrupting the flow of current in power systems. They offer efficient and reliable means of controlling and protecting electrical grids against overloads and faults, crucial for grid stability. Enhanced reforms, particularly focused on integrating extensive renewable energy sources, are being expedited through the enhancement of current grid networks to meet escalating electricity needs. The US Smart Grid Investment Grant program (SGIG) strives to expedite the modernization of existing transmission systems.
 

COVID-19 Impact

The COVID-19 pandemic initially slowed the gas circuit breaker market due to supply chain disruptions and project delays. However, as industries resumed operations, the market saw a gradual recovery driven by increased investments in infrastructure upgrades and renewable energy projects. The emphasis on reliable power distribution systems post-pandemic also boosted the demand for gas circuit breakers, especially in modernized smart grid initiatives, stimulating market growth despite temporary setbacks.
 

Gas Circuit Breaker Market Trends

The gas circuit breaker industry is witnessing several notable trends. There's a growing emphasis on sustainable energy solutions, driving the integration of renewable energy sources into existing grids. This shift necessitates robust circuit protection systems, fostering demand for gas circuit breakers known for their reliability in high-voltage applications. Additionally, smart grid initiatives worldwide are pushing for modernization, prompting the adoption of gas-insulated switchgear (GIS) solutions featuring these circuit breakers. As industries prioritize efficient power distribution and reliability, technological advancements such as digitalization and remote monitoring further elevate the appeal of gas circuit breakers, positioning them as integral components in the evolving energy landscape.
 

Gas Circuit Breaker Market Analysis

The medium voltage segment is set to grow at a CAGR of more than 11.5% through 2032. The demand surge is attributed to various factors like increasing urbanization, industrialization, and the rising need for reliable power distribution networks. As industries and urban centers expand, there's a growing requirement for efficient and resilient medium voltage electrical systems. Gas circuit breakers, known for their reliability, compactness, and ability to handle medium voltage applications effectively, are becoming preferred choices for modern grid infrastructure upgrades and industrial installations.
 

Based on installation, the indoor segment is anticipated to showcase about 11.5 CAGR through 2032. This growth is fueled by the increasing demand for compact and efficient circuit protection solutions in urban and industrial settings. Indoor installations require space-efficient and reliable circuit breakers to ensure safe and continuous power supply. Gas circuit breakers offer advantages like compact design, high performance, and reduced maintenance, making them ideal for indoor applications. Additionally, the push toward modernizing infrastructure and the need for reliable electricity distribution within buildings, substations, and industrial facilities have further boosted the market growth for indoor-installed gas circuit breakers.
 

Segmented by application, the market distinguishes between power distribution and power transmission. Increased investments in upgrading existing transmission lines and developing smart energy infrastructure have been key drivers of business expansion. According to the International Renewable Energy Agency (IRENA), an annual investment surpassing one trillion USD is crucial for renewables until 2030 to achieve sustainability goals. Substantial investments in modernizing energy grid infrastructure and building transmission systems to link new clean energy sources, while minimizing network congestion, are prominent in the electric power market. These endeavours are anticipated to further invigorate business expansion.
 

The utility segment is poised to witness 10.5% CAGR from 2023 to 2032. The trend of extensive migration to suburbs, along with supportive regulatory actions aimed at improving residents' quality of life, has propelled global urbanization and commercial expansion. This shift has led to increased population density in cities and the implementation of favorable measures for electrification in remote grid areas.
 

The Asia-Pacific gas circuit breaker market is slated to register gains at nearly 12% up to 2032, propelled by rapid industrialization across emerging economies like China and India is creating substantial demand for reliable and efficient power distribution systems, stimulating the adoption of gas circuit breakers. Moreover, the region's increasing investments in infrastructural development, especially in smart grid initiatives and renewable energy integration, are driving the need for robust circuit protection solutions. The emphasis on modernizing aging grid infrastructure in countries like Japan and South Korea further fuels the demand for advanced gas-insulated switchgear (GIS) solutions, where gas circuit breakers play a pivotal role.
 

Gas Circuit Breaker Market Share

ABB stands out as one of the companies with a significant market share in the gas circuit breaker sector. Renowned for its advanced technology and extensive product range, ABB has established a dominant presence in the global market. Its comprehensive portfolio of gas-insulated switchgear (GIS) and circuit breakers caters to various voltage levels and applications, earning widespread trust for reliability and innovation. ABB's commitment to sustainable solutions, coupled with a strong global footprint and strategic partnerships, solidifies its position as a key player shaping the market landscape.
 

Some of the key market players operating across the gas circuit breaker industry are:

• Hitachi, Ltd.
• DILO Company, Inc.
• Mitsubishi Electric Corporation
• ABB
• Megger
• Siemens Energy
• GE
• Rockwill
• Schneider Electric
• Zhejiang Volcano Electrical Technology Co.,Ltd
• Pfiffner Group
• Crompton Greaves Limited
• MEIDENSHA CORPORATION
• Toshiba International Corporation
• Wenzhou Wolun Electric Technology Co.,Ltd.
• Casey Equipment Corporation
• Al-Amin Enterprises
   

Gas Circuit Breaker Market News

• In February 2023, Mitsubishi Electric Corporation finalized the acquisition of Scibreak AB, a Swedish enterprise specializing in Direct Current Circuit Breaker (DCCB) technology. This strategic move aimed to merge both companies' circuit breaker expertise, focusing on innovative solutions for High Voltage Direct Current (HVDC) networks. The objective was to encourage the integration of renewable energy sources into the grid. This acquisition significantly enriched Mitsubishi Electric's product lineup, enhancing its ability to provide a wider array of solutions to global customers and fortifying its position to capture an expanded market share on a global scale.
   
• In June 2021, Mitsubishi and Siemens entered into a Memorandum of Understanding (MOU) aimed at co-developing high-voltage switching products and solutions that eliminate greenhouse gas emissions by replacing them with clean gas for insulation. Collaborating on research methodologies, both companies accelerated the advancement of insulation technologies using eco-friendly gases for higher voltage applications. Enhancements were made to the 245 kV dead-tank circuit breaker, providing customers worldwide access to high-voltage switching solutions that are environmentally neutral. While working together on technology development, both partners maintained their autonomy in producing, servicing, and marketing switchgear solutions.
   

This gas circuit breaker market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2019 to 2032, for the following segments:

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Market, By Voltage

• Medium
• High

Market, By Installation

• Indoor
• Outdoor

Market, By Application

• Power Distribution
• Power Transmission

Market, By End Use

• Industrial
• Utility

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Spain
  • Italy
  • UK
  • Austria
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • Oman
  • South Africa 
• Latin America
  • Brazil
  • Argentina
  • Peru