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2023

Vacuum Circuit Breaker Market

Vacuum Circuit Breaker Market Size, Share, Competitive Landscape and Trend Analysis Report by Voltage, by Installation Location, by End Use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: Tanuj Virendra Barai | Sonia Mutreja
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Vacuum Circuit Breaker Market Research, 2032

The Global Vacuum Circuit Breaker Market was valued at $0.9 billion in 2022, and is projected to reach $1.7 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.

A vacuum circuit breaker (VCB) is an electrical switching device that is used to control and protect electrical circuits by interrupting the flow of current. It operates on the principle of utilizing a vacuum as the arc quenching medium. A VCB consists of a vacuum interrupter, which is the primary component responsible for interrupting the current. The vacuum interrupter consists of two contacts, a fixed contact and a moving contact, housed within a vacuum-sealed chamber. During normal operation, the contacts are closed, allowing current to flow through the circuit. When a fault or abnormal condition occurs, such as a short circuit or overcurrent, the VCB detects it and initiates the opening operation.

Vacuum Circuit Breaker Market

As the contacts of the VCB begin to separate, an arc is generated due to the existing current flow. However, the high electric field strength across the contacts in the vacuum causes electron emission from the contact surface, which ionizes the residual gas molecules in the chamber, creating a highly conductive plasma arc channel. The vacuum environment prevents the arc from restriking, ensuring efficient arc quenching.

The arc quenching action of the vacuum interrupter rapidly extinguishes the arc, leading to the interruption of current flow. The interruption of current is essential for protecting electrical equipment, preventing damage, and maintaining the stability of the electrical system. Vacuum circuit breakers are commonly used in various applications, including power distribution systems, substations, industrial facilities, commercial buildings, and renewable energy installations. They offer advantages such as high reliability, fast fault clearing, compact design, minimal maintenance requirements, and environmental friendliness due to the absence of insulating or arc quenching gases.

Segment Overview

The vacuum circuit breaker market size is segmented into Voltage, Installation Location and End Use Industry.

Vacuum Circuit Breaker Market by Voltage

On the basis of voltage, the vacuum circuit breaker market share is bifurcated into medium voltage and high voltage. In 2022, the medium voltage segment dominated the market, in terms of revenue, and it is expected to acquire major market share till 2032.

Vacuum Circuit Breaker Market by Installation Location

On the basis of installation location, the vacuum circuit breaker market opportunity is segregated into indoor and outdoor. The indoor segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2023 to 2032.

Vacuum Circuit Breaker Market by End Use Industry

On the basis of end-use industry, the vacuum circuit breaker market outlook is divided into residential, commercial, industrial, and utilities. The utilities segment acquired the largest share in 2022 and residential segment is expected to grow at a significant CAGR from 2023 to 2032.

Vacuum Circuit Breaker Market by Region

Region-wise, the vacuum circuit breakers market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remains significant participant in the vacuum circuit breakers market.

Country Analysis

Country-wise, the U.S. acquired a prime share in the vacuum circuit breakers market in the North American region and Canada is expected to grow at a significant CAGR during the forecast period of 2023-2032.

In Europe, Germany, dominated the vacuum circuit breakers market, in terms of revenue, in 2022 and is expected to follow the same trend during the forecast period. However, the France is expected to emerge as the fastest-growing country in Europe's vacuum circuit breakers with a CAGR of 6.31%.

In Asia-Pacific, China, Japan, and India are expected to emerge as a significant market for the vacuum circuit breakers market industry, owing to a significant rise in investment by prime players due to rise in investment in renewable energy resources for rural and urban electrification in the region.

By LAMEA region, the Latin America garner significant market share in 2022. The LAMEA vacuum circuit breakers market has been witnessing improvement, owing to the growing inclination of companies towards research and development and expanding manufacturing units of vacuum circuit breakers across this region. Moreover, the Middle East region is expected to grow at a high CAGR of 6.45% from 2023 to 2032.

Top Impacting Factors

The vacuum circuit breakers market analysis is anticipated to expand significantly during the forecast period owing to maintenance free vacuum circuit breakers, grid modernization and increasing adoption of grid-connected renewable energy sources, and surge in demand from the power sector for better and more reliable performance. Additionally, during the forecast period, the vacuum circuit breaker market forecast is anticipated to benefit from rise in infrastructural developments. On the contrary, the possibility of overvoltage during switching and vacuum circuit breakers that are uneconomical at voltages exceeding 38 kV, are the restraints for vacuum circuit breakers market growth during the forecast period.

Historical Data & Information

The global vacuum circuit breaker industry is highly competitive, owing to the strong presence of existing vendors. Vendors of the vacuum circuit breakers market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.

Key Developments/ Strategies

ABB Ltd, ARTECHE, Eaton, Fuji Electric, Huayi Electric Co., Ltd., Legrand, Mitsubishi Electric Corporation, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation are the top companies holding a prime share in the vacuum circuit breakers market. Top market players have adopted various strategies, such as product development, acquisition, innovation, partnership, and others to expand their foothold in the vacuum circuit breaker market growth.

  • In August 2022, Eaton launched MV VCPW-HD Medium-Voltage Vacuum Breaker. It exceeds user expectations with unmatched reliability and space saving design. The VCPW-HD seal protects against dust and contaminants and provides long-lasting equipment life. It is ideal for high altitude, light shock, vibration, and high ambient temperature. The VCPW-HD is also the clear choice for environmentally conscious users because it is free of SF6 gas.
  • In December 2021, Hitachi Energy and Arteche signed an agreement where Hitachi Energy acquired a minority stake in Arteche a manufacturer of gas-insulated instrument transformers, with the aim to establish a joint venture (JV) company. As a result of this agreement, Hitachi Energy able to expand its gas-insulated instrument transformer portfolio for air-insulated and gas-insulated switchgear (GIS) to address the growing GIS market and strengthen its value chain ownership.
  • In October 2022, Mitsubishi Electric  announced the 72kV vacuum circuit breaker (VCB) with dry-air insulation. It designed, assembled, and tested in the U.S.A., MEPPI’s 72kV vacuum circuit breaker meets all certification standards. The 72kV VCB employs Mitsubishi Electric’s provides customers with a cost-effective, environmentally responsible, zero global warming potential option to SF6 gas and alternative gas insulating mediums.
  • In January 2020, Mitsubishi Electric launched vacuum circuit breaker to the medium voltage product line for utility distribution and industrial applications. Built with vacuum interrupter technology, the 15kV circuit breaker is compact and environmentally friendly to gas and oil alternatives.
  • In May 2023, Schneider Electric, announced the launch of its medium voltage circuit breaker, EvoPacT,. This solution has been designed to address the needs of infrastructure, large industrial and commercial buildings, electro-intensive processes and cloud and service providers.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vacuum circuit breaker market analysis from 2022 to 2032 to identify the prevailing vacuum circuit breaker market opportunities for high voltage vacuum circuit breaker and outdoor vacuum circuit breaker.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the vacuum circuit breaker market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global vacuum circuit breaker market trends, key players, market segments, application areas, and market growth strategies.

Vacuum Circuit Breaker Market Report Highlights

Aspects Details
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Market Size By 2032

USD 1.7 billion

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Growth Rate

CAGR of 5.8%

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Forecast period

2022 - 2032

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Report Pages

277

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By Voltage
  • Medium Voltage
  • High Voltage
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By Installation Location
  • Indoor
  • Outdoor
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By End Use Industry
  • Residential
  • Commercial
  • Industrial
  • Utilities
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Mitsubishi Electric Corporation, Huayi Electric Co., Ltd., Schneider Electric, Toshiba Energy Systems & Solutions Corporation, Siemens, Legrand, ARTECHE, Eaton, Fuji Electric Co., Ltd., ABB

Analyst Review

According to the perspectives of CXOs of a leading vacuum circuit breakers market company, the market for vacuum circuit breakers is expected to grow significantly in the coming years. As the global population continues to grow and with rapid industrialization, the demand for electricity is expected to rise significantly. This is anticipated drive the need for efficient and reliable power transmission and distribution systems, where vacuum circuit breakers play a crucial role. 

Governments and utilities worldwide have invested in grid modernization and smart grid initiatives to improve grid efficiency, reliability, and resilience. Vacuum circuit breakers are an integral part of these initiatives, as they provide advanced switching capabilities, fault protection, and enable effective integration of renewable energy sources. The global push toward renewable energy sources, such as solar and wind power, requires the integration of these intermittent energy sources into the existing grid infrastructure. Vacuum circuit breakers are essential components for the safe and efficient integration of renewable energy systems, facilitating grid stability and power flow management.  

Rapid industrialization and infrastructure development in emerging economies foster the demand for vacuum circuit breakers. Industries require reliable electrical distribution systems to support their operations, while infrastructure projects such as commercial buildings, transportation systems, and healthcare facilities require robust electrical protection. Electrical safety is a top priority for industries across various sectors. Vacuum circuit breakers offer high interrupting capacity, fast fault clearing, and excellent performance in protecting electrical assets against faults & overcurrent. This focus on safety and asset protection is expected to drive the adoption of vacuum circuit breakers. Rise in environmental regulations and sustainability initiatives favor the adoption of vacuum circuit breakers. As vacuum circuit breakers do not use environmentally harmful gases or oils, they align with the surge in demand for eco-friendly and sustainable electrical infrastructure.

Author Name(s) : Tanuj Virendra Barai | Sonia Mutreja
Frequently Asked Questions?

Increasing demand for electricity, grid modernization initiatives, renewable energy integration, increasing industrialization and infrastructure development, focus on electrical safety, and others are the upcoming trends of Vacuum Circuit Breaker Market in the world.

Utilities is the leading application of Vacuum Circuit Breaker Market.

Asia-Pacific is the largest regional market for Vacuum Circuit Breaker.

The global vacuum circuit breaker market was valued at $951.85 million in 2022.

ABB Ltd, ARTECHE, Eaton, Fuji Electric, Huayi Electric Co., Ltd., Legrand, Mitsubishi Electric Corporation, Schneider Electric, Siemens, and Toshiba Energy Systems & Solutions Corporation are the top companies to hold the market share in Vacuum Circuit Breaker.

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Vacuum Circuit Breaker Market

Global Opportunity Analysis and Industry Forecast, 2023-2032