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New opportunities for circuit breakers

The expansion and upgrade of transmission networks has stimulated worldwide growth of the high voltage circuit breakers (HVCB) market, as rapid economic expansion and industrialisation are pushing up electricity demands.

Now, China and Russia are set to provide the biggest markets for companies looking to take advantage of the trend, according to a new report by GlobalData.

The new report* states that the ever-increasing demand for installed capacity and electricity generation across the globe has seen many calls made for a step-up in infrastructure investments, as the power transmission sector is being increasingly relied upon to transmit high loads of electricity over long distances safely and with minimal transmission losses.

This report covers eight key countries for the HVCB market and includes global HVCB market drivers and restraints analysis. It also covers the market volume, market value, average price and market share analysis for key countries and globally. The countries covered are the US, Brazil, China, India, the UK, Russia, South Africa and United Arab Emirates (UAE). The report also provides SWOT analysis of the key players in the global HVCB market. This report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts.

Serving reliable and safe electricity from power plants to load centres is pushing demand for better switching systems worldwide, spawning the evolution of transmission equipment such as HVCB. In many existing transmission systems, HVCBs have reached the end of their operational life of 25-30 years. Huge demand is therefore expected for the replacement of existing circuit breakers, while the retrofit market will receive an additional boost due to technological changes, as existing air blast and oil blast circuit breakers are under threat from upcoming innovative SF6 or vacuum circuit breakers.

China and Russia constitute two of the biggest HVCB markets globally, accounting for 34% and 27% of global demand respectively in 2011. Electricity consumption in China is expected to rise sharply at a cumulative average growth rate (CAGR) of 6.5%, due primarily to the new build market. With rising electricity demand, 442,842ckm is expected to be added to the transmission network during 2012-2020.

Russia also has big investment plans to modernise its existing transmission network, which was built during the 1960-70s and desperately needs updating. As new technologies offer far better efficiency than the existing infrastructure, the replacement market will be a major driver for the Russian HVCB market, which is expected to reach a total value of $2,484m by 2020.

During the period 2008-2011, the total revenue from HVCB in the new and retrofit market was $5,019m, representing average annual revenue of $1,250m. It is predicted that during the forecast period 2012-2020, the average annual revenue will increase at a CAGR of 7.5% to reach approximately $1,800m.

*High Voltage Circuit Breakers (HVCB) for AC Transmission Systems - Market Size, Pricing Analysis, Market Share and Competitive Landscape Analysis to 2020

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