Report on the Current Status, Industry Chain Knowledge Graph, and Future Development Trends of Medium Voltage Vacuum Circuit Breaker Industry
Market size:In recent years, with the slowdown of economic growth and fluctuations in downstream demand, the market size of Medium Voltage Vacuum Circuit Breakers has also shown a fluctuating trend. From 2021 to 2024, the market size of medium voltage vacuum circuit breakers in China will remain above 8 billion yuan, and in 2024, the market size will be 8.5 billion yuan, a year-on-year increase of 1.2%. This is mainly due to intensified market competition and a decrease in the price of medium voltage vacuum circuit breaker products, resulting in limited market growth.
Market structure:From the perspective of voltage distribution, 12KV vacuum circuit breakers have a wide range of applications and are mainstream products in the market, accounting for 42% in 2024. Secondly, 24KV and 40.5KV account for 8% and 14% respectively. 40.5kv Vacuum Circuit Breakers are widely used in the distribution network market and some high load industries such as steel, petroleum and petrochemicals.
Enterprise pattern: Foreign companies such as Schneider and ABB have a significant advantage in market competition and are in the first tier due to their strong technological advantages, brand influence, and capital strength. In recent years, local enterprises represented by Xiamen Huadian and Xuji Electric have continuously strengthened technology research and development, improved product performance, and occupied a certain share in the fierce market competition. However, there is a gap compared with foreign manufacturers in terms of technology level, product quality, and other aspects.
Industry chain: The upstream of the medium voltage vacuum circuit breaker industry chain mainly consists of metal materials such as copper chromium alloy, plastics, glass, epoxy resin and other raw materials. The midstream is the production and manufacturing of medium voltage vacuum circuit breakers. The downstream is the application field of medium voltage vacuum circuit breakers, which are widely used in industries, power, construction, infrastructure and other fields.
Application distribution: Industry is the largest application field of medium voltage vacuum circuit breakers. In 2024, the application scale of medium voltage vacuum circuit breakers in the industrial field is 3.2 billion yuan, accounting for 37.6% of the total scale of medium voltage vacuum circuit breakers. Next is the field of power generation and grid, with an application scale of 2.3 billion yuan, a year-on-year increase of 9.5%, accounting for 27.1%. The proportion of applications in infrastructure and construction fields is 17.6% and 16.5% respectively.
Development trend: (1) With the development of China's power technology and power products, miniaturization and combination have become important development trends in the medium voltage vacuum circuit breaker industry; (2) With the continuous development of information technologies such as artificial intelligence and 5G, the medium voltage vacuum circuit breaker industry is also accelerating its digital and intelligent transformation pace.