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Germany, Austria and Switzerland LV DC Circuit Breakers Market Segmentation By End User (Chemical and Others) and By Voltage (24V DC Circuit Breakers and Other Low Voltage DC Circuit Breakers) - Regional Industry Demand Analysis and Opportunity Assessment 2018-2024

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Extensive insights into the Growth of Germany, Austria and Switzerland LV DC Circuit Breakers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • June 2020: Fuji Electric Global announced that it has acquired Consul Neowatt Power Solutions Private Limited (CNPS)’t entire number of shares in an agreement with Peepul Capital Fund III LLC and the individual shareholders so as to expand its power electronics systems business in India.

  • December 2019: Hitachi, Ltd. announced that it has completed the acquisition of JR Automation Technologies, LLC which was announced for initiation on 23rd April 2019 (EST).

Market Overview

The growing adoption of circuit breakers over fuse, rising demand for electricity from renewable sources of energy such as wind, solar and biomass, along with increasing utilization of circuit breakers in end-user industries, especially chemical industry, are some of the factors believed to benefit the expansion of the Germany, Austria and Switzerland LV DC circuit breakers market. A circuit breaker is an electrical component which is designed to protect the circuit from abnormal current flows and overloads. The LV DC circuit breakers supports up to 1500V DC current flow and blocks current more than that by its basic function of interruption. The Germany, Austria and Switzerland LV DC circuit breakers market, which was valued at USD 63.97 million in the year 2018 is slated to grow at CAGR of 6.31% over the forecast period 2020-2024. There are several types of circuit breakers which are used in residential, commercial, industrial and utility. Growing concern for electrical accidents, which affects industries with huge operational costs due to the loss in operations, along with advancement in electrical components technology are some of the factors contributing towards the growth of the Germany, Austria and Switzerland LV DC circuit breakers market. Moreover, the LV DC circuit breakers market in Germany, Austria and Switzerland is anticipated to grow by 1.4x, 1.4x and 1.5x respectively and further attain an absolute $ opportunity of USD 78.67 million, USD 213.98 million and USD 123.29 million during the assessment period.

Market Segmentation Synopsis

By End-User

The Germany, Austria and Switzerland LV DC circuit breakers market is segmented on the basis of end-user into chemical and others. The chemical segment in Germany, which was valued at USD 8.93 million in the year 2018, is anticipated to hold a major market share and attain an absolute $ opportunity of USD 20.11 million during the assessment period on the back of huge demand for electricity in the chemical and pharmaceutical industries in the nation. The investment in these industries are massive which is leading to the growth of these industrial sectors, and thereby the impression on the increasing consumption of electricity by these sectors. Additionally, the other industries segment in Austria is anticipated to hold the largest market share and attain a CAGR of 4.19% over the forecast period on the back of consumption of electricity in the chemical manufacturing industry. Moreover, the other industries segment in Switzerland was valued at USD 4.51 million in the year 2018 and is anticipated to grow by 1.23 times during the assessment period. CLICK TO DOWNLOAD SAMPLE REPORT

By Voltage

The Germany, Austria and Switzerland LV DC circuit breakers market is segmented on the basis of voltage into 24V DC circuit breakers and other low voltage DC circuit breakers. The other low voltage DC circuit breakers segment in Germany held the largest market share in the year 2018 and is anticipated to gain the highest CAGR of 6.95% over the forecast period. The segment is also anticipated to grow by 1.5 times during the assessment period on the back of presence of numerous manufacturers of LV DC circuit breakers in the nation. On the other hand, the other low voltage DC circuit breakers segment in Austria held a market value of USD 5.52 million in the year 2018 and is anticipated to hold the largest market share by the end of 2024. Moreover, the other low voltage DC circuit breakers segment in Switzerland is anticipated to grow by 1.2 times and attain an absolute $ opportunity of USD 1.05 million during the assessment period.

Market Drivers and Challenges

Growth Indicators

According to the statistics by the European Commission, total renewable energy production in Germany, Austria and Switzerland in the year 2018 constituted to 188342 GWh, 50772 GWh and 37809 GWh respectively. Moreover, according to the statistics by the International Energy Agency (IEA), final electricity consumption in Austria, Germany and Switzerland in the year 2018 constituted to 78 TWh, 601 TWh and 68 TWh respectively.

The Germany, Austria and Switzerland LV DC circuit breakers market is thriving on the back of increase in the generation of electricity from renewable energy sources in these nations along with growing investments for infrastructure in power supply. Growing focus of the government of these nations on the generation of electricity through renewable energy sources, along with the increased emphasis on battery power systems and the need to eliminate the peaks or surges in grid power supply are some of the factors that are anticipated to drive the growth of the Germany, Austria and Switzerland LV DC circuit breakers market. Moreover, governments of these nations are increasingly investing to develop alternative sources of power supply infrastructure so as to meet the emission targets and electricity consumption demand. The alternative sources of electricity production have DC power supply which is anticipated to raise the demand for LV DC circuit breakers, and in turn the growth of the market.

Barriers

The major issue observed in LV DC circuit breakers are the inconsistencies in limiting current and protection of any circuit faults which is anticipated as a major restraint factor to the growth of the Germany, Austria and Switzerland LV DC circuit breakers market.

Competitive Landscape

Some of the affluent industry leaders in the Germany, Austria and Switzerland LV DC circuit breakers market are Fuji Electric Co., Ltd., Hitachi, Ltd., Larsen & Toubro Limited, Mitsubishi Electric Corporation, Eaton, Rockwell Automation, Inc., Siemens AG, Schneider Electric, ABB, E-T-A Elektrotechnische Apparate GmbH and Phoenix Contact.

FREQUENTLY ASKED QUESTIONS

Germany, Austria, and Switzerland LV DC Circuit Breaker Market: Industry Analysis & Opportunity Evaluation, 2018- 2024F

1. INTRODUCTION

· MARKET DEFINITION

· MARKET SEGMENTATION

· PRODUCT OVERVIEW

2. ASSUMPTIONS AND ACRONYMS

3. RESEARCH METHODOLOGY

· RESEARCH PROCESS

· SECONDARY RESEARCH

· PRIMARY RESEARCH

· MARKET SIZE ESTIMATION

4. EXECUTIVE SUMMARY - GERMANY, SWITZERLAND, & AUSTRIA LOW VOLTAGE DC CIRCUIT BREAKER MARKET

5. MARKET LINEAGE - CIRCUIT BREAKERS MARKET

6. INDUSTRY INSIGHTS

· COMPARISON BETWEEN FUSE AND CIRCUIT BREAKERS FOR 24V DC

· COMPARISON BETWEEN FUSE AND CIRCUIT BREAKERS APPLICATION FOR 24V DC IN CHEMICAL INDUSTRIES

7. ANALYSIS OF MARKET DYNAMICS

7.1. DRIVERS

7.2. RESTRAINTS

7.3. TRENDS

7.4. OPPORTUNITIES

8. GERMANY, SWITZERLAND, & AUSTRIA LOW VOLTAGE DC CIRCUIT BREAKER MARKET OUTLOOK

8.1.   MARKET SIZE AND FORECAST, BY VALUE (USD MILLION), 2018-2024F

8.2.  BY COUNTRY

8.2.1. GERMANY LOW VOLTAGE DC CIRCUIT BREAKER MARKET OUTLOOK

· MARKET SIZE AND FORECAST, BY VALUE (USD MILLION), 2018-2024F

· GERMANY LOW VOLTAGE DC CIRCUIT BREAKER MARKET SEGMENTATION, 2018-2024F

◊ BY END USER INDUSTRY

o  CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  OTHER INDUSTRIES, 2018-2024F (USD MILLION)

◊ BY VOLTAGE

o  24V LV DC CIRCUIT BREAKER, 2018-2024F (USD MILLION)

o  OTHER LOW VOLTAGE CIRCUIT BREAKERS, 2018-2024F (USD MILLION)

8.2.2. AUSTRIA LOW VOLTAGE DC CIRCUIT BREAKER MARKET OUTLOOK

· MARKET SIZE AND FORECAST, BY VALUE (USD MILLION), 2018-2024F

· AUSTRIA LOW VOLTAGE DC CIRCUIT BREAKER MARKET SEGMENTATION, 2018-2024F

◊ BY END USER INDUSTRY

o  CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  OTHER INDUSTRIES, 2018-2024F (USD MILLION)

◊ BY VOLTAGE

o  24V LV DC CIRCUIT BREAKER, 2018-2024F (USD MILLION)

o  OTHER LOW VOLTAGE CIRCUIT BREAKERS, 2018-2024F (USD MILLION)

8.2.3. SWITZERLAND LOW VOLTAGE DC CIRCUIT BREAKER MARKET OUTLOOK

· MARKET SIZE AND FORECAST, BY VALUE (USD MILLION), 2018-2024F

· SWITZERLAND LOW VOLTAGE DC CIRCUIT BREAKER MARKET SEGMENTATION, 2018-2024F

◊ BY END USER INDUSTRY

o  CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  OTHER INDUSTRIES, 2018-2024F (USD MILLION)

◊ BY VOLTAGE

o  24V LV DC CIRCUIT BREAKER, 2018-2024F (USD MILLION)

o  OTHER LOW VOLTAGE CIRCUIT BREAKERS, 2018-2024F (USD MILLION)

8.3. BY CAPEX

8.3.1. GERMANY CAPEX,2018-2024F

· CAPEX FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  GREENFIELD PROJECTS, 2018-2024F (USD MILLION)

o  BROWNFIELD PROJECTS, 2018-2024F (USD MILLION)

· CAPEX ON THE POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV DC CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· 24V DC CB IN CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

8.3.2. AUSTRIA CAPEX,2018-2024F

· CAPEX FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  GREENFIELD PROJECTS, 2018-2024F (USD MILLION)

o  BROWNFIELD PROJECTS, 2018-2024F (USD MILLION)

· CAPEX ON THE POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV DC CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· 24V DC CB IN CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

8.3.3. SWITZERLAND CAPEX,2018-2024F

· CAPEX FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

o  GREENFIELD PROJECTS, 2018-2024F (USD MILLION)

o  BROWNFIELD PROJECTS, 2018-2024F (USD MILLION)

· CAPEX ON THE POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· CAPEX ON LV DC CB FOR POWER SUPPLY OF INDUSTRIAL PLANTS FOR CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

· 24V DC CB IN CHEMICAL INDUSTRY, 2018-2024F (USD MILLION)

9. COMPETITIVE STRUCTURE

9.1. RECENT NEWS AND DEVELOPMENTS

9.2. COMPANY PROFILES

o FUJI ELECTRIC CO., LTD

· DETAILED OVERVIEW

· ASSESSMENT OF KEY PRODUCT OFFERINGS

· ANALYSIS OF GROWTH STRATEGIES

· KEY CLIENTS AND PARTNERS

· EXHAUSTIVE ANALYSIS ON KEY FINANCIAL INDICATORS

o LARSEN & TOUBRO LIMITED

o HITACHI, LTD.

o MITSUBISHI ELECTRIC CORPORATION

o EATON

o ROCKWELL AUTOMATION

o SIEMENS

o SCHNEIDER ELECTRIC

o ABB

o E-T-A ELEKTROTECHNISCHE APPARATE GMBH

o PHOENIX CONTACT


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