Worldwide Market Reports added Latest Research Report titled “High Voltage Circuit Breaker Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026”

A circuit breaker is an automatically operated electrical switch, which is designed to protect an electrical circuit from damage caused by excess current from an overload or short circuit. The basic function of circuit breaker is to interrupt the current flow when a fault is detected. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset manually or automatically to resume normal operation. Moreover, it controls and protects the electrical power transmission networks. These circuit breakers will as good conductors in closed position and good insulators in open position.

Advancement of power system, the need to lower the current quickly without generating an abnormal voltage, significant developments in high voltage transmission systems, increase in demand for high quality products, and meeting of environmental requirements are some of the major factors driving growth of global high voltage circuit breaker market.

High production cost along with higher prices are some of the factors that restrain growth of high voltage circuit breaker market.

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Key Developments in High Voltage Circuit Breaker Market

Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the high voltage circuit breaker market. On February 21, 2018, GE delivered fully integrated solution to ORES, which helped the company in advancing towards a digitally enabled grid. Moreover, KEPCO and GE signed a US$ 320 million contract on February 1, 2018 to build an HVDC energy highway to power South Korea’s Seoul city.

On April 26, 2018, Toshiba announced "TB67S128FTG," a bipolar stepping motor driver with a 50V/5A rating and support for 128 micro steps. In 2017, People Electric Group authorized the Saudi exclusive agency signing ceremony was held successfully. Furthermore, on April 18, 2018, Mitsubishi Electric India (MEI), Air-Conditioning Systems opened its 1st MEQ Senmonka, an exclusive service provider at 1321, Gill Kanal Road, Guru Nanak Colony, Ludhiana, Punjab for all its air conditioning products.

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Some of the key players operating in the market include ABB Ltd, GE Grid Solutions, Schneider Electric, Siemens AG, Mitsubishi Electric Corporation, Hitachi, Eaton Corporation, Toshiba Corp, Huayi Electric, People Electrical Appliance Group, China XD Group, Shanghai Delixi Group, Shandong Taikai High-Volt Swichgear, Xiamen Huadian Switchgear, and Hangzhou Zhijiang.

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