Generator circuit breakers are electric devices used between generator and transformers in the multi-unit stations were a number of small generators are connected to the common bus. The major benefit of the generator circuit breaker is eliminating the fault current fluctuations and protecting the generator and transformer.
Increasing demand for power from various industries across the globe is expected to boost the demand for power generation which is estimated to have a positive impact on the demand of generator circuit breakers market over the forecast. Growing demand for alternative power generation projects from renewable resources such as solar, wind, and tidal power generation projects is estimated to hamper the growth global generator circuit breaker market over the forecast period.
The type segment for generator circuit breakers includes air blast circuit breaker, vacuum circuit breaker, SF6 circuit breaker, and others. The air blast circuit breaker is one of the major type segment of the market. These type of circuit breakers operates in the air at atmospheric pressure. Countries like Italy and France prefer air blast circuit breaker for voltage up to 15KV.
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The application segment includes coal-fired power station, gas power station, nuclear power station, and others. Nuclear power station application segment is expected to grow at a steady rate. To maintain the flow of power circuit breakers are attached to common bus and transformer.
The regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the fastest growing region in the global market. A large number of under construction projects in the region is expected to boost the market for generator circuit breakers in the region.
Key players operating in the global generator circuit breaker market include ABB Ltd., Bharat Heavy Electricals Ltd., Siemens AG, Eaton Corporation, Toshiba, General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, Alstom, and Hitachi Ltd.