Ongoing Research Report
In the News
November 2017: Siemens announced that it has developed a new air circuit breaker-3WL10 in the especially compact size zero that can handle rated currents of up to 1,250 amperes.
February 2019: Schneider Electric announced the launch of Masterpact MTZ, the next generation of high-power low-voltage circuit breakers to be assembled in India.
Introduction to Low-Voltage DC Circuit Breaker
Low-voltage DC circuit breaker is a crucial component of the electrical power distribution. Its function is to isolate parts of an electrical distribution system in abnormal conditions, and, by interrupting continuity, to immediately discontinue electrical flow. Low-voltage dc circuit breaker reliably protect electrical installations against damage or fire as a result of short circuits, ground faults, or overload faults. They can be reset, either manually or automatically, to resume normal operation. In addition to providing system protection, they enable parts of the electrical distribution to be isolated for operation and maintenance.
Market Size and Forecast
Upgradation and modernization of obsolete energy infrastructure for safe electricity delivery systems and rising expansion in transmission & distribution networks as well as increased emphasis on renewable energy generation such as solar photovoltaic devices are some of the factors boosting the market growth. The low-voltage dc circuit breaker market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by type into air circuit breaker, molded case circuit breaker, miniature circuit breaker, and motor protection circuit breaker. Among these segments, the segment for molded case circuit breaker is anticipated to hold the leading share in the market on account of the simple and robust construction combined with the reliability and cost-effectiveness over other modules. Further, the compactness in its size saves a wide space in the panel design.
Growth Drivers
Rapid Urbanization and Increasing Investments in Electricity Generation to Boost the Market Growth
With the advent of advancement in energy infrastructure and increasing modernization, there is rising demand from various industries for delivering safe and secure transmission and distribution of electrical systems. This has made way for low-voltage dc circuit breaker to be widely used in digital equipments such as computers, stabilizers, and servers owing to its ability in improving the loads from such equipments. According to International Energy Agency (IEA), in 2017, total power sector investment globally was USD 750 billion. Furthermore, the low-voltage dc circuit breaker caters to continuous commercial demand for decentralized power distribution. This is anticipated to significantly expand the low-voltage dc circuit breaker market.
By Region
On the basis of regional analysis, the low-voltage dc circuit breaker market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for low-voltage dc circuit breaker in Asia Pacific is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market low-voltage dc circuit breakers. Moreover, the rapid economic development and upgradation in existing electricity distribution technologies as well as the growing requirement for electricity from several end-user industries further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increasing investments in solar power generation and expansion of transmission line networks from source to distribution. Additionally, the large-scale manufacturing of low-voltage dc circuit breaker, especially in countries such as China, Japan, South Korea and India further raise the demand for low-voltage dc circuit breaker market.
On the other hand, the low-voltage dc circuit breaker market in Europe is anticipated to grow at a significant pace backed by the growing concern for electrical accidents in the nations, such as Germany, Austria and Switzerland, along with the advancements in the electrical components technology.
The low-voltage dc circuit breaker market is further classified on the basis of region as follows:
Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.
In the News
November 2017: Siemens announced that it has developed a new air circuit breaker-3WL10 in the especially compact size zero that can handle rated currents of up to 1,250 amperes.
February 2019: Schneider Electric announced the launch of Masterpact MTZ, the next generation of high-power low-voltage circuit breakers to be assembled in India.
Introduction to Low-Voltage DC Circuit Breaker
Low-voltage DC circuit breaker is a crucial component of the electrical power distribution. Its function is to isolate parts of an electrical distribution system in abnormal conditions, and, by interrupting continuity, to immediately discontinue electrical flow. Low-voltage dc circuit breaker reliably protect electrical installations against damage or fire as a result of short circuits, ground faults, or overload faults. They can be reset, either manually or automatically, to resume normal operation. In addition to providing system protection, they enable parts of the electrical distribution to be isolated for operation and maintenance.
Market Size and Forecast
Upgradation and modernization of obsolete energy infrastructure for safe electricity delivery systems and rising expansion in transmission & distribution networks as well as increased emphasis on renewable energy generation such as solar photovoltaic devices are some of the factors boosting the market growth. The low-voltage dc circuit breaker market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by type into air circuit breaker, molded case circuit breaker, miniature circuit breaker, and motor protection circuit breaker. Among these segments, the segment for molded case circuit breaker is anticipated to hold the leading share in the market on account of the simple and robust construction combined with the reliability and cost-effectiveness over other modules. Further, the compactness in its size saves a wide space in the panel design.
Growth Drivers
Rapid Urbanization and Increasing Investments in Electricity Generation to Boost the Market Growth
With the advent of advancement in energy infrastructure and increasing modernization, there is rising demand from various industries for delivering safe and secure transmission and distribution of electrical systems. This has made way for low-voltage dc circuit breaker to be widely used in digital equipments such as computers, stabilizers, and servers owing to its ability in improving the loads from such equipments. According to International Energy Agency (IEA), in 2017, total power sector investment globally was USD 750 billion. Furthermore, the low-voltage dc circuit breaker caters to continuous commercial demand for decentralized power distribution. This is anticipated to significantly expand the low-voltage dc circuit breaker market.
By Region
On the basis of regional analysis, the low-voltage dc circuit breaker market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for low-voltage dc circuit breaker in Asia Pacific is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market low-voltage dc circuit breakers. Moreover, the rapid economic development and upgradation in existing electricity distribution technologies as well as the growing requirement for electricity from several end-user industries further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of increasing investments in solar power generation and expansion of transmission line networks from source to distribution. Additionally, the large-scale manufacturing of low-voltage dc circuit breaker, especially in countries such as China, Japan, South Korea and India further raise the demand for low-voltage dc circuit breaker market.
On the other hand, the low-voltage dc circuit breaker market in Europe is anticipated to grow at a significant pace backed by the growing concern for electrical accidents in the nations, such as Germany, Austria and Switzerland, along with the advancements in the electrical components technology.
The low-voltage dc circuit breaker market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.
Companies Mentioned
- Schneider Electric
- ABB
- Fuji Electric FA Components & Systems Co., Ltd.
- Eaton
- Toshiba International Corporation
- Mitsubishi Electric Corporation
- Hitachi Industrial Equipment Systems Co., Ltd.
- C&S Electric Ltd.
- Larsen & Toubro Ltd.
- Siemens
- Other Notable Players
Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility
