The global low voltage DC circuit breaker market size reached US$ 1.8 billion in 2023. The market is projected to reach US$ 2.6 billion by 2032, exhibiting a growth rate (CAGR) of 4.21% during 2023-2032. Continual upgradation and modernization of outdated energy infrastructures, rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, and higher adoption of low voltage DC circuits to power motors in passenger and commercial vehicles represent some of the key factors driving the market.
Electric circuit breakers are a vital part of the modern electrical power distribution system that operates at 50/60 Hz and can handle loads between 100V and 15000V. It is an electromechanical switch that breaks the circuit manually or automatically under abnormal conditions such as over current, over voltage, and short circuits. A continuity interrupter interrupts the flow of electricity by isolating parts of an electrical distribution system under abnormal conditions. Circuit breakers of this type of can be reset manually or electronically to resume normal operation, and they are capable of working at up to 1,000 voltage ratings. Instead of a fuse, which needs to be operated once and needs replacement, a low voltage circuit breaker can be reset multiple times to effectively resume normal options. In addition to providing system protection, it enables different components of the electrical distribution to be isolated for maintenance and operations.
Electric circuit breakers are a vital part of the modern electrical power distribution system that operates at 50/60 Hz and can handle loads between 100V and 15000V. It is an electromechanical switch that breaks the circuit manually or automatically under abnormal conditions such as over current, over voltage, and short circuits. A continuity interrupter interrupts the flow of electricity by isolating parts of an electrical distribution system under abnormal conditions. Circuit breakers of this type of can be reset manually or electronically to resume normal operation, and they are capable of working at up to 1,000 voltage ratings. Instead of a fuse, which needs to be operated once and needs replacement, a low voltage circuit breaker can be reset multiple times to effectively resume normal options. In addition to providing system protection, it enables different components of the electrical distribution to be isolated for maintenance and operations.
Low Voltage DC Circuit Breaker Market Trends
The global market is primarily driven by the rising product demand in various end-use applications, including electric locomotives, electric vehicles, data centres, and thyristor switched capacitor banks. This can be attributed to the increasing need for molded case circuit breakers with considerable increase in power distribution and generation equipment. The rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, including computers, stabilizers, and servers, are resulting in a higher uptake in consumer electronic devices. The continual upgradation and modernization of outdated energy infrastructures for safer electricity delivery systems is also impacting the market positively. However, the initial high costs associated with the installation and maintenance processes are acting as one of the major restraints to market growth. Conversely, the development of various newer electric vehicle models to reduce traffic congestion and pollution levels is resulting in a higher adoption of low voltage DC circuits to power motors on passenger and commercial vehicles. Furthermore, the augmenting demand for decentralized power distribution and stability in the generation of renewable power is creating a positive outlook for the market. Additionally, the growing usage of low-voltage DC circuit breaker in photovoltaic solar panels and battery powered electric circuits that work with direct current is providing an impetus to the market. Some of the other factors contributing to the market include the growing global energy demand, continual product innovations, and extensive research and development (R&D) activities.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global low voltage DC circuit breaker market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on type, application and end user.Type Insights
- Air Circuit Breaker
- Molded Case Circuit Breaker
- Others
Application Insights
- Battery System
- Data Centers
- Solar Energy
- Transportation
- Others
End User Insights
- Industrial
- Commercial
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Competitive Landscape
Key Questions Answered in This Report:
- How has the global low voltage DC circuit breaker market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global low voltage DC circuit breaker market?
- What are the key regional markets?
- Which countries represent the most attractive low voltage DC circuit breaker markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global low voltage DC circuit breaker market?
- Who are the key players/companies in the global low voltage DC circuit breaker market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Low Voltage DC Circuit Breaker Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Eaton Corporation plc
- Fuji Electric FA Components & Systems Co. Ltd. (Fuji Electric Co.Ltd.)
- Hitachi Ltd.
- Hyundai Electric and?Energy Systems Co. Ltd.
- Mitsubishi Electric Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Sensata Technologies Inc.
- Siemens AG
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 2.6 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
