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Low-Voltage Dc Circuit Breaker Market Segmentation By Type (Air Circuit Breaker, Molded Case Circuit Breaker, Miniature Circuit Breaker and Motor Protection Circuit Breaker); By Application (Transmission and Distribution, Data Centers, Transportation, Renewables and Battery Systems) and By End User (Industrial, Commercial and Others) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Low-Voltage Dc Circuit Breaker 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
  • 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. CLICK TO DOWNLOAD SAMPLE REPORT

Rising Demand for Renewable Energy to Drive the Market Growth

The renewable energy sector is the fastest-growing industrial segment on account of factors such as increasing investment in utility size renewable power plants and green energy projects. As per the International Renewable Energy Agency (IRENA), by 2023, the share of renewables in meeting global energy demand is anticipated to reach 12.4%. Since the generation of renewable power and energy is not stable when compared to conventional power generation, the requirement of devices like low-voltage dc circuit breaker increases. These devices are used in the electrical installation to protect any energy system against damage. Additionally, photovoltaic solar panels and battery powered electric circuits work with direct current and use low-voltage dc circuit breaker for their electric protection. On the back of these factors, the global low voltage DC circuit breakers market is predicted to grow significantly over the forecast period.

Restraints

Operational Failures and Load Variations to Hamper the Market Growth

Factors such as high maintenance and operational failures on account of inconsistencies in the low-voltage dc circuit breakers negatively affect the market growth. Also, the uninterrupted and continuous stability of electricity supply is estimated to hinder the growth of low-voltage dc circuit breaker market in the future.

Market Segmentation

Our in-depth analysis of the low-voltage dc circuit breaker market includes the following segments:

By Type

  • Air Circuit Breaker
  • Molded Case Circuit Breaker
  • Miniature Circuit Breaker
  • Motor Protection Circuit Breaker

By Application

  • Transmission and Distribution
  • Data Centers
  • Transportation
  • Renewables
  • Battery Systems

By End User

  • Industrial
  • Commercial
  • Others

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.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

 


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