LOS ANGELES, Feb. 07, 2019 (GLOBE NEWSWIRE) -- QY Research has published a new report, bearing the title “Global Generator Circuit Breaker (GCB) Market Size, Trends, and Forecast 2019.” According to the report, the global generator circuit breaker market is anticipated to register a sluggish CAGR of 1.4% between 2019 and 2025. By the end of 2025, the global market value is projected to increase to more than US$ 290 Mn from an over US$ 250 Mn valuation achieved in 2018.
Global Generator Circuit Breaker (GCB) Market: Drivers
The demand for generator circuit breaker is foreseen to increase with the rise in the number of higher unit capacity generators. The use of generator circuit breaker helps to achieve improved operational flexibility, safety, and availability in different types of power plants. Use of advanced technologies with features such as spring-spring-operated mechanisms in generator circuit breaker is foretold to augment the demand in the global market. Generator circuit breaker can be used for both new and redeveloped power plants.
The growing pressure on power plant owners to generate energy in safe and economic ways with the highest availability of their equipment is envisaged to push the demand for robust and reliable generator circuit breaker. The need for substantial cost savings, potential combinations, high protection for power transformer, improved safety in faults management, and easier operation particularly regarding the transfer of auxiliaries at power plants is anticipated to set the tone for significant growth of the global generator circuit breaker market.
Global Generator Circuit Breaker (GCB) Market: Forecast by Type and Application
On the basis of type, the global generator circuit breaker market is classified into SF6 circuit breaker, vacuum circuit breaker, and others. Among these, SF6 circuit breaker accounts for a lion’s share of 67.07% of the global market in terms of production. On the other hand, vacuum circuit breaker and the others segment secure production shares of 28.17% and 4.76% respectively.
By application, the global generator circuit breaker market sees a classification into hydraulic power plants, thermal power plants, and nuclear plants.
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Global Generator Circuit Breaker (GCB) Market: Forecast by Region
Geographically, the report deeply studies the generator circuit breaker market in Japan, China, Europe, and North America. The generator circuit breaker market is predicted to grow at a more advanced level in developed countries. The U.S. and the EU mainly witness the concentration of the world’s large enterprises.
All of the regions and countries included in the report are analyzed on the basis of gross margin, price, revenue, production, and production growth rate for the review period 2014-2019.
Global Generator Circuit Breaker (GCB) Market: Key Players
The competitive landscape of the global generator circuit breaker market is analyzed on the basis of nine leading manufacturers, namely NHVS, Chint Electric, Hitachi, Eaton, Mitsubishi Electric, General Electric, Schneider, Siemens, and ABB. For all of these players covered in the report, the analysts have provided their market share, revenue, ex-factory price, and production capacity. In 2016, top three players, viz. Schneider, Siemens, and ABB accounted for strong production shares of the global market.
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