DC Circuit Breaker Market

The global DC Circuit Breaker market was valued at USD 5 Billion in 2020 and is projected to reach USD 8 Billion by 2028, growing at a CAGR of 7.1% from 2021 to 2028.

DC circuit breaker, like their name suggests, is used for the protection of electrical devices that operate with direct current. The main difference between direct current and alternating current is that in DC the voltage output is constant, while in AC it cycles several times per second.

The global DC Circuit Breaker market is segmented based on by Voltage, Type, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for DC Circuit Breaker  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Factors such as an increase in power consumption, rise of an influx of renewable sources in the energy mix, along with upgradation and modernization of aging infrastructure are expected to drive the market.

Increasing demand for resilient, reliable, and renewable energy sources to reduce carbon emissions is driving the demand for the DC Circuit Breaker Market.

During the growth period, some of the determinants which might hinder the market expansion of DC circuit breaker are huge cost involved in cybersecurity and installation issues.

Voltage  Analysis: Preview

On the basis of Voltage, the market is segmented into Low Voltage, Medium Voltage, High Voltage. Medium Voltage  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Medium Voltage in emerging economies in Asia Pacific region.

Type Analysis: Preview

Based on Type, the market is segmented into Solid-State, Hybrid. Hybrid accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

On the basis of region, the global DC Circuit Breaker market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global DC Circuit Breaker market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global DC Circuit Breaker market are ABB, Mitsubishi Electric Corporation, LARSEN & TOUBRO LIMITED, Rockwell Automation, Inc., ENTEC Electric & Electronic, Toshiba Corporation, CG Power and Industrial Solutions, Eaton, Fuji Electric Co., Ltd., Powell Industries., Siemens, Brush Group.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.