Asia Pacific Vacuum Circuit Breakers Market - Growth, Trends, and Forecast (2018 - 2023)
Vacuum circuit breakers are electrical switching devices used on distribution and transmission networks for the safety of equipment and devices. They provide safe and reliable medium-voltage power distribution and stand out for their long service life. They arecircuit breakers where the arc quenching takes place in vacuum. They are widely used in industries, like building & construction, utilities, cement manufacturing, mining & metal, etc. The advantage of using a vacuum circuit breaker is that it can be operated frequently or at a place of a multi-breaking short circuit. This technology is mainly used for medium-voltage applications. Normally, medium-voltage circuit breakers are utilized inside switchboards or boards that are situated at the points of the distribution network where the voltage of the electric power is brought down from high to values up to couple of several KV. The consistent requirement for power, expanding access to electricity in developing countries, stringent demands for operational safety, growing need for effective load management and the need if renewable energy to be connected to the grid are expected to support the growth of the Asia-Pacific vacuum circuit breakers market during the forecast period.
Need for Effective Load Management
Load Management or Demand Side Management (DSM) relies on adjusting the load side of an electrical network to balance the supply of electricity on the network, rather than adjusting the power station output. This method can be used by power utilities to manage peak period demand without relying on peaking power plants. This also helps to avoid the various problems associated with peaking power plants, such as greater emissions, higher generation costs, lower efficiency, etc.
One of the means to implement load management is using circuit breakers, where they can be triggered using frequency sensitive relays, thereby disconnecting the load. This process, known as ‘ripple control’, has already found applications in various countries.
Several parts of the countries in India, Bangladesh, Nepal faces supply shortage during peak hours. As a countries are planning to reduce the demand supply gap at peak hours, vacuum circuit breakers are expected to used for effective load management.
Increase in Investments by Government of China to Drive the Market
Government of China announced its plans to spend USD 315 billion to expand its power grid infrastructure over 2015-2020 period. It has plans to build a safe and environment-friendly smart grid by 2020 to promote the spread of clean energy. Beijing will be building long distance transmission systems and dynamic power distribution systems to completely utilize hydro power, wind, and solar. This, in turn, is expected to lead the growth of the vacuum circuit breakers market.
Key Developments in the Market