With the continuous growth of population, the continuous construction and economic development activities (both industrial and commercial) all over the world make public utility companies plan to upgrade and build new power infrastructure. With the increase of population, the growing construction and development activity in the emerging economies of Asia Pacific and the Middle East and Africa will require more investment in transmission and distribution infrastructure development, leading to more demand for circuit breakers. 
The increasing power supply and construction development activities in developing countries, as well as the increase in the number of renewable energy generation projects, are the main drivers of the growth of the circuit breaker market. The renewable energy market is expected to grow at the highest CAGR during the forecast period. Increased investment in renewable energy to curb CO2 emissions and the growing demand for power supply are the main factors driving the growth of the renewable energy sector in the circuit breaker market. Circuit breakers are used to detect fault currents and protect electrical equipment in the power grid.
The circuit breaker according to its standard voltage range can be divided into high voltage circuit breaker and low voltage circuit breaker. The low-voltage circuit breaker is the main representative component with complex structure, high technical content and high economic value in the low-voltage electrical apparatus. It plays an important role in the low-voltage distribution system. High-voltage circuit breakers, the primary power control equipment for power plants and substations, have the largest market share in the outdoor circuit breakers market during the forecast period and will dominate the market during the forecast period because they offer spatial optimization, low maintenance costs and protection against extreme environmental conditions. 
China is the largest construction market in the world, and the Chinese government’s Belt and Road Initiative has provided opportunities for construction and development activities in China. According to China’s 13th Five-Year Plan (2016-2020), China plans to invest $538billion in railway construction. The Asian Development Bank estimates there is a need to invest $8.2tn in national infrastructure investment projects in Asia between 2010 and 2020, equivalent to nearly 5 per cent of the region’s GDP. Due to the upcoming major planned events in the Middle East, such as the Dubai Expo 2020 and the FIFA World Cup 2022 in UAE and Qatar, new restaurants, hotels, shopping malls and other integral buildings are being built to promote urban infrastructure development in the region. The growing construction and development activity in emerging Asia-Pacific economies and the Middle East and Africa will require more investment in T&D infrastructure development, leading to more demand for circuit breakers.
However, the report also noted that strict environmental and safety regulations for SF6 circuit breakers may have an impact on the market. Imperfect joints in SF6 circuit breaker manufacturing can cause SF6 gas leakage, which is a kind of asphyxiating gas to some extent. When the broken tank leaks, SF6 gas is heavier than air and therefore it will settle in the surrounding environment. This gas precipitation can cause the operator to suffocate. The U.S. Environmental Protection Agency (EPA) has taken steps to find a solution to detect SF6 gas leaks in SF6 breaker boxes, which can cause damage when an arc is formed.
In addition, the remote monitoring of equipment will increase the risk of cyber crime in the industry. The installation of modern circuit breakers faces multiple challenges and poses a threat to the national economy. Smart devices help the system function optimally, but smart devices may pose a security threat from anti-social factors. Data theft or security violations can be prevented by bypassing security measures on remote access, which can result in power outages and outages. These interrupts are the result of Settings in relays or circuit breakers that determine the response (or non-response) of the equipment.
Post time: Aug-11-2021