Generator Circuit Breaker (Gcb) Market

The global Generator Circuit Breaker (Gcb) market was valued at USD 7899 Million in 2020 and is projected to reach USD 15624.11 Million by 2028, growing at a CAGR of 8.9% from 2021 to 2028.

Generator circuit breakers are power plant devices located between the generator (which produces electricity at a voltage of around 15-25 kV) and the step-up transformer (which increases this voltage up to the grid transmission voltage – 200 kV to 800 kV).

The global Generator Circuit Breaker (Gcb) market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The increasing demand for power generation and increasing industrialization and urbanization is anticipated to augment the growth of the generator circuit breaker market over the forecast period. 

Generator circuit breakers (GCB) offer more flexibility for plant operation and also enables the implementation of efficient solutions to reduce investment cost. Furthermore , the maintenance, energy efficiency and carbon footprint are now also enhanced with the help of GCB architecture optimization. These determinants are expected to support the growth of the market over the forecast period. 

The high short circuit interrupting capacities are harder and costlier to obtain which is anticipated to hamper the growth of the market over the forecast period.

Based on region, the global Generator Circuit Breaker (Gcb) market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Generator Circuit Breaker (Gcb) market are NHVS, General Electric, Hitachi, Chinatcs, ABB, Eaton, Mitsubishi Electric, Siemens, Schneider.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

• Global Generator Circuit Breaker (Gcb) Market is projected to reach USD 15624.11 Million by 2028
• Asia Pacific held the highest share of the Generator Circuit Breaker (Gcb) market
• Airblast held the largest share of the product segment in the Generator Circuit Breaker (Gcb) market
• Coal-Fired Power Plants held the major share of the application segment in the Generator Circuit Breaker (Gcb) market