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Global Generator Circuit Breakers market is anticipated to grow at a CAGR of 2.55% by 2023: Ozone Market Reports

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Ozone Market Reports projects that the Generator Circuit Breakers market size will grow from USD 287.6 Million in 2017 to USD 334.5 Million by 2023, at an estimated CAGR of 2.55%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

To cater to the increasing demand for power globally, new product development has been adopted by maximum industry players as a key strategy to achieve growth in the generator circuit breakers market. Generator circuit-breakers are connected between a generator and the step-up voltage transformer. They are generally used at the outlet of high power generators (100MVA to 1800MVA) to protect them in a reliable, fast, and cost-effective manner. Such circuit breakers allow the passage of high permanent currents under continuous service (6.3kA to 40kA), and have a high breaking capacity (63kA to 275kA). They belong to the medium voltage range.The drivers of this market are entirely influenced by the power transmission and generation industry. Growth in the related as well as complementary markets, such as switchgear and transformer, also contribute towards the growth of generator circuit breakers.

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By Market Players:
ABB Ltd. , Bharat Heavy Electricals Ltd. , Eaton Corporation , General Electric , Schneider Electric SE , Larsen & Toubro , Chint Electric Co. Ltd. , Siemens AG , Hitachi Ltd. , Mitsubishi Electric Corporation , Toshiba Corp. , Alstom , , , , , , , ,

By Type:
Air Blast circuit breakers, Vacuum circuit breakers, SF6 circuit breakers, Others,

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By Application:
Coal-fired power plants, Natural Gas power plants, Nuclear power plants , Others,

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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