Asia-Pacific Vacuum Circuit Breakers Market Size and Share
| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 2.00% |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Vacuum Circuit Breakers Market Analysis by Mordor Intelligence
The Asia-Pacific Vacuum Circuit Breakers Market is expected to register a CAGR of greater than 2% during the forecast period.
The medium-voltage vacuum circuit breaker segment is expected to dominate during the forecast period due to its technical advantages.
The region is witnessing a rapid increase in the demand and consumption of electricity along with grid modernization and increasing adoption of grid-connected renewable energy sources. Such activities are likely to present significant opportunities to the players in the market.
China is expected to dominate the Asia-Pacific vacuum circuit breakers market during the forecast period.
Asia-Pacific Vacuum Circuit Breakers Market Trends and Insights
Medium-voltage Vacuum Circuit Breakers Expected to Dominate the Market
Vacuum circuit breakers are widely used in industries like building and construction, utilities, cement manufacturing, mining metal, electricity distribution substation, etc.
The medium-voltage category provides superior arc quenching and is majorly used as a result.
In May 2020, ABB completed a six-month project to help Shanghai Waigaoqiao Free Trade Zone create an intelligent industrial park. In the project, ABB improved the electrical stability and digitalized its power management by installing medium-voltage circuit breakers along with other equipment.
Furthermore, medium-voltage vacuum circuit breakers find applications indoors also in buildings, homes, and commercial and industrial facilities.
The region is also witnessing increasing electrification, and medium-voltage vacuum circuit breakers are finding applications in the distribution end of the electricity grid. Owing to the increasing electrification, the medium-voltage vacuum circuit breaker segment is likely to grow.
Therefore, owing to the abovementioned points, the medium-voltage vacuum circuit breakers market is expected to dominate during the forecast period.
China Expected to Dominate the Market
China has been experiencing rapid economic growth due to its significant manufacturing sector, which is resulting in increased electricity demand and consumption.
In 2020, the electricity consumption in China stood at 7,510 TWh compared to 4,702.6 TWh in 2011. This consumption was higher than in any other country in the region. This increase in the consumption of electricity has led to an increase in demand for equipment necessary for the management of electricity during the generation, transmission, and distribution stages, such as vacuum circuit breakers.
China is also one of the largest markets globally for electric vehicles. In 2020, the battery electric vehicle (BEV) sales volume stood at 931.29 thousand units compared to a meager 1.09 thousand units in 2010. This increase in the number of EVs is accompanied by an increase in the number of electric charging stations that employ various equipment to manage electricity, including vacuum circuit breakers.
Furthermore, China is also witnessing rapid adoption of grid-connected renewable energy, which requires vacuum circuit breakers for the effective management of electricity. In 2020, the installed renewable energy capacity stood at 894.88 GW compared to 233.26 GW in 2010.
Considering the abovementioned points, China is likely to dominate the market studied during the forecast period.
Competitive Landscape
The Asia-Pacific vacuum circuit breakers market is partially fragmented. Some of the major players involved in the market are Siemens AG, Eaton Corporation PLC, Hitachi Ltd, Mitsubishi Electric Corporation, and Schneider Electric SE.
Asia-Pacific Vacuum Circuit Breakers Industry Leaders
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Schneider Electric SE
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Mitsubishi Electric Corporation
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Hitachi, Ltd.
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Eaton Corporation PLC
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Siemens AG
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
In February 2022, Schneider Electric released its enhanced EasyPacT EXE vacuum circuit breaker series, which connects building infrastructures, large commercial buildings, and industrial plants to the electricity grid.
In June 2021, Toshiba Energy Systems & Solutions Corporation and Meidensha Corporation decided to develop and commercialize new technology GIS. The GIS under development uses a vacuum circuit breaker for the high-current interruption.
Asia-Pacific Vacuum Circuit Breakers Market Report Scope
The Asia-Pacific vacuum circuit breakers market report includes:
| Indoor |
| Outdoor |
| Medium Voltage |
| High Voltage |
| Commercial and Industrial |
| Utility |
| Residential |
| China |
| India |
| South Korea |
| Japan |
| Indonesia |
| Thailand |
| Australia |
| Rest of Asia-Pacific |
| Installation Location | Indoor |
| Outdoor | |
| Capacity | Medium Voltage |
| High Voltage | |
| End User | Commercial and Industrial |
| Utility | |
| Residential | |
| Geography | China |
| India | |
| South Korea | |
| Japan | |
| Indonesia | |
| Thailand | |
| Australia | |
| Rest of Asia-Pacific |
Key Questions Answered in the Report
What is the current Asia-Pacific Vacuum Circuit Breakers Market size?
The Asia-Pacific Vacuum Circuit Breakers Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Vacuum Circuit Breakers Market?
Schneider Electric SE, Mitsubishi Electric Corporation, Hitachi, Ltd., Eaton Corporation PLC and Siemens AG are the major companies operating in the Asia-Pacific Vacuum Circuit Breakers Market.
What years does this Asia-Pacific Vacuum Circuit Breakers Market cover?
The report covers the Asia-Pacific Vacuum Circuit Breakers Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Vacuum Circuit Breakers Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Vacuum Circuit Breakers Market Report
Statistics for the 2025 Asia-Pacific Vacuum Circuit Breakers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Vacuum Circuit Breakers analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
