Global Vacuum Circuit Breaker Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive Landscap and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Vacuum Circuit Breaker Market 2018 Vacuum Circuit Breaker Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Market Highlights Electricity distribution networks are made up of primary and secondary plants. The primary plant is the energy delivery plant whilst the secondary plant is the plant needed to ensure that the energy delivery is safe, measurable, operable, sustainable and of the right quality. Utility asset management provides the ideal solution for all these operations is an efficient & effective way. Electricity distributors classify their assets as either primary or secondary plants assets. An uninterrupted supply to customer can only be guaranteed when both plants are adequately functional. Secondary plants assets are relatively cheaper than their primary plant counterparts, with life expectancies of approximately fifteen to twenty five years, respectively. In managing electric utilities as business entities, capital investment in power network expansion must be efficiently linked with the management of these assets throughout their useful life. Asset management can be divided into maintenance, refurbishment and strengthening. Maintenance management is fundamental for the assets to realize their useful life. This involves the re-instatement of the plant to its intended conditions and performance through corrective action. Refurbishment is a special case of maintenance and it refers to the replacement of equipment in compliance with current technical practice, safety standards and the desired operating performance. Maintenance focuses on the replacement of components of particular equipment or the entire equipment. Asset strengthening, on the other hand, refers to the expansion or upgrading of the plant to improve the capacity and or the quality of supply to the existing customer. In re-engineering process, the task is often to upgrade or up-rate the plant such that a new income stream is achieved. The Global Utility Asset Management Market is expected to grow at ~ 8% CAGR during the forecast period 2
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Vacuum Circuit Breaker Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Vacuum Circuit Breaker Market Research Report- Forecast 2023� Market Research Analysis Substation, by application, hardware, by component and public utility, by utility type are expected to grow with the highest CAGR. Global utility asset management market has been segmented based on application, component, utility type and region. Based on application the market has been segmented into transformer, sub-station, transmission & distribution lines. Among these the substation, is projected to dominate the utility asset management market through 2023. The dominant position of this segment can be attributed to the rising distribution substation coupled with growing urbanization across the globe. Based on the component the market is segmented into hardware, and software. Hardware dominated the market in 2016 and is projected to be the fastest-growing material type. The sensors in the hardware segment provide the data related to various utility assets, based on various parameters, such as, voltage, current, heat, temperature, and frequency. This data provided by sensors are used by equipment/component management system to provide actionable information, which is used to form a predictive maintenance schedule depending on the health of assets. Based on the utility type, the market has been segmented into public utility, and private utility. Public utility dominated the market in 2016 and is projected to be the fastestgrowing packaging type over the next five years, due to the increasing investments in grid modernization and requirement for energy efficiency. Public utilities are funded by government and have a huge customer base. Increasing investments in distributed energy generation sources have increased the grid complexity, as these sources are to be connected to grid for reliable supply of power.
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Vacuum Circuit Breaker Market 2018 Scope of the report The utility asset management market is expected to have huge number of developments over the forecast period, owing to continuous technological advancement in energy sector coupled with growing power demand. The market has also been expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisition activities are expected to be seen over the forecast period with numerous contracts and agreements between top EPC and Government across the globe.
Additional Information •
Regulatory Landscape
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Pricing Analysis
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Macroeconomic Indicators
Company Information •
Profiling of 10 key market players
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In-depth analysis including SWOT analysis, and strategy information of related to report title
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Competitive landscape including emerging trends adopted by major companies
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Utility Asset Management Market - 2018 Key Players Key Players: The key players of global vacuum circuit breaker market are • ABB Group (Switzerland), • Siemens Ltd. (Germany), • General Electric Company (USA), • Crompton Greaves Ltd. (India), • Alstom SA. (France), • Schneider Electric (France), • Mitsubishi Electric Corporation (Japan), • L&T Electrical & Automation (India), • Kirloskar Electric Company Ltd. (India) • Eaton Corporation PLC (Ireland).
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