24-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for Gas Circuit Breaker market was valued at approximately USD 546 Million in 2019, and is expected to generate revenue of around USD 750 Million by end of 2026, growing at a CAGR of around 5.4% between 2020 and 2026.
Some of the key players in the market are Toshiba, ABB, GE, Siemens, Hyosung, Hitachi, Schneider, Fuji, Kirloskar, and CG.
Industrial Segment Will Expand The Global Gas Circuit Breaker Market In The Forecasted Period
The industrial sector in the end-use category is projected to expand at a significant rate to attain a higher valuation. The utilization of gas circuit breakers across the industrial segment has been surging for the last few years. The augmenting adoption of gas circuit breakers has helped the industrial segment with a highly lucrative growth.
The global gas circuit breaker market is bifurcated on the basis of types, applications, and regional analysis. Based on the types, the market is divided into single interrupter, four interrupter, two interrupter, and others. Based on the application, the market is segmented into residential, industrial, commercial, and others.
Europe Region Anticipated To Show High Potential For Growth In The Global Gas Circuit Breaker Market
Based on the geographical analysis, the global gas circuit breaker market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The industrial segment in the North America region exhibits a value under US$ 89.6 million in 2017. The residential segment in the Western Europe region is anticipated to reflect a higher development rate compared to the industrial segment and is set to witness a 3.7% value CAGR during the forecasted period. The Asia Pacific region excluding Japan also showed higher growth potential for the worldwide market. In the same region, the industrial segment of the gas circuit breaker market is predicted to attain a remarkable value CAGR of 5.8% during the 2019–2025.
Browse the full “Gas Circuit Breaker Market Volt Rating (Up to 72.5 kV, 72.5-145kV, 145kV-252kV, 252-550kV, 550-800kV and above 800kV), By Configuration (Single Interrupter, Two Interrupter and Four Interrupter), By End Use (Residential, Commercial, And Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/gas-circuit-breaker-market
The global gas circuit breaker market is segmented as follows:
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