Global Generator Circuit Breaker market will reach 300 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/27

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.

The Generator Circuit Breaker (GCB) market was valued at 270 Million US$ in 2017 and is projected to reach 300 Million US$ by 2025, at a CAGR of 1.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Generator Circuit Breaker (GCB).

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