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Medium Voltage Circuit Breaker Market Trends

Report ID: GMI6185
Published Date: Jul 2023
Report Format: PDF

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Medium Voltage Circuit Breaker Market Trends

Government initiatives and investments in infrastructure development, particularly in emerging economies, are propelling the growth of the medium voltage circuit breaker market. Upgrading electrical networks, expanding power transmission and distribution infrastructure, and improving access to electricity in rural areas are the key factors which creates opportunities for the installation of these units. Growing need for advanced distribution networks and electrical systems along with increasing emphasis on the development of circuit breakers that offers enhanced safety features comprising of protection, detection, and arc fault will complement the business outlook.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of medium voltage circuit breaker was valued at USD 7 billion in 2023 and is anticipated to grow at a CAGR of 9.6% during 2024 and 2032, backed by the focus on grid modernization.

The industrial medium voltage circuit breaker market is predicted to witness a CAGR of over 10% through 2032, owing to the increasing product deployment for reliable operation of advanced manufacturing processes and industrial automation.

Asia Pacific market for medium voltage circuit breaker is projected to surge at a CAGR of over 10% from 2023 to 2032, on account of infrastructure development including the construction of power transmission & distribution networks, urban infrastructure, and industrial facilities.

ABB, Siemens, Schneider Electric, Eaton, Mitsubishi Electric Corporation, Toshiba International Corporation, General Electric, Fuji Electric FA Components & Systems Co., Ltd., among others.