QYResearch: The China market for High Voltage Circuit Breaker is expected to reach about $ 6597.83 m

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High-voltage circuit breakers are mechanical devices used to open and close current circuits, and are the central part of switchgears. To break fault currents arising from perturbations on the transmission lines, grading capacitors are used in multi-chamber circuit breakers to ensure a proper voltage distribution between the chambers and to avoid the risk of overloading one chamber. To limit the transient recovery voltage (TRV) in single chamber circuit breakers, capacitors are used either in parallel to the chamber or connected phase-to-ground (TRV capacitors).

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QYResearch According to QYResearch, The China market value of the high voltage circuit breaker market was estimated to be around 4989.64 Million USD in 2016 and is projected to grow at a CAGR of around 4.98% between 2017 and 2022. What is more, the production of high voltage circuit breaker is 2153.28 K Unit in 2016, and will reach 3130.10 K unit in 2022, with a CAGR of 6.43%.

Industry concentration is relatively high. The China market with the top three companies including ABB, Huayi, Schneider are accounting for 32.46% in 2016. Actually, there are many small businesses in China in this industry, however, with the low end products. Because of the increase of the costs and fierce competition, the gross margin in this industry is decline in the last few years. As the competition is becoming much fiercer, and the clients are caring more about the products quality, it may see a wave of mergers and acquisitions in the next few years.

In the last few years, the international companies, such as ABB, Schneider and so on, occupied a large market share of high voltage circuit breaker in China. However, as the development of the technology and them paying more attention to intellectual property and services, the local companies are becoming stronger, and their market share increase quickly in recent few years and will in the future with the advantage of their price. w w w. q y r e s e a r c h . c o m

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