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Low Voltage DC Circuit Breaker Market

Low Voltage DC Circuit Breaker Market

Low Voltage DC Circuit Breaker Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

135

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1130

Segments Covered
  • By Type Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker
  • By Application Energy Allocation, Shut-off Circuit, Others
  • By End-Use Residential, Commercial, Others
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 3.29 Billion
Revenue 2028Revenue 2028: USD 4.91 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.4%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Low Voltage DC Circuit Breaker Market Share

Low Voltage DC Circuit Breaker Market: By End-User, Application, Type, and Region

Market Synopsis:

Global Low Voltage DC Circuit Breaker Market valued at USD 3.29 Billion 2021 and is projected to attain a value of USD 4.91 Billion by 2028 at a CAGR of 5.4% during the forecast period, 2022–2028.

Low Voltage DC Circuit Breaker Market Size, 2021 To 2028 (USD Billion)

In modern power distribution systems, the number of low voltage DC circuits have increased manifold. The Low Voltage DC Circuit Breaker is an ever-growing product line in across the globe. Low voltage breakers are used for loads between 100V to 15000V at normal operating frequency 50/60 Hz. The major demand for the Low Voltage DC Circuit Breaker comes from the sectors like railways, electrical vehicle, thyristor switched capacitor banks, and data centres.

Electric Vehicle and Railways to Remain Key Consumers in the Low Voltage DC Circuit Breaker Market

The number of electric locomotives increased by over 50% during last five years and it is estimated that about 20,000 locomotives would be running on Indian Railways by 2022. All these electric locomotives will have requirement of Low Voltage DC Circuit Breaker. The existing rolling stock also needs replacement due high operation cost and life cycle of the product.

The light electric vehicle of mass transportation is an upcoming sector in India. Different modes of electric vehicles are being developed to ease traffic congestion and pollution levels in Indian cities. These vehicles use low voltage DC circuits for powering motor which will be placed on 2-wheeler, 3-wheeler, 4-wheeler cars, buses etc., Maintenance of these vehicles require low voltage circuit breakers to be replaced periodically depending upon the operating conditions.

Segmentation:

Below tree is interactive. You can click the nodes to get more information.

Molded Case Circuit Breaker is the Major Contributor to the Global Low Voltage DC Circuit Breaker Market

There is an increasing demand for molded case circuit breakers with the increase in power distribution and generation equipment. Additionally, there is a continual demand for molded case circuit breakers in the industrial and commercial sector. Industrial equipment such as elevators, conveyors, cranes etc., use these circuit breakers for power supply. Molded case circuit breakers are mainly of two types: Current Limiting (CL) and Non-Current Limiting (NCL). The current limiting type provides overload protection by interrupting over current without affecting the voltage; whereas the non-current limiting type reduces or limits the voltage to protect electrical and electronic equipment from damage during short circuit conditions.

Rising growth in the Demand for Molded Case Circuit Breaker is Primarily Attributed to the Following Factors

Firstly, growing power distribution networks in developing countries such as China and India. Secondly, for new smart grid systems with distributed power generation. Thirdly, the need to reduce energy costs by optimizing Energy usage. Lastly, increasing use of renewable sources of energy like wind and solar with distributed power generation system is expected to translate into an increased demand for Low Voltage DC Circuit Breaker during the forecast period.

Asia Pacific is the Largest Market for Low Voltage DC Circuit Breaker

Asia Pacific is the largest market for Low Voltage DC Circuit Breaker. The Rising demand from industries such as oil & gas, water treatment plant and water distribution, renewable energy systems (RES) as well as mining equipment make Asia Pacific a lucrative market for these products. The increase in demand for low voltage circuit breakers across oil and gas applications - including uninterruptible power supplies (UPS), solar inverters and wind turbines – has been significant over the past five years and will remain strong through 2022. Growth of microgrids that connect to the main electricity grid but can operate autonomously during outages or other disruptions is also driving increased sales of uninterruptible power supply equipment, which includes Low Voltage DC Circuit Breaker.

Competitive Landscape:

Eaton (US), ABB (Switzerland), Larsen and Toubro (India), SIEMENS AG (Germany), Hyundai Electric (South Korea), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi (Japan), C&S Electric (India), Schneider Electric (France), Powell Industries (US), Sensata Technologies (US), Tavrida Electric (Russia), Fuji Electric (Japan) are some of the key players in the global Low Voltage DC Circuit Breaker Market.

The Low Voltage DC Circuit Breaker is Segmented as Follows:

Parameter Details
Segments Covered
  • Type (Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker)
  • Application (Energy Allocation, Shut-off Circuit, Others)
  • End-Use (Residential, Commercial, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Eaton (US)
  • ABB (Switzerland)
  • Larsen and Toubro (India)
  • SIEMENS AG (Germany)
  • Hyundai Electric (South Korea)
  • Toshiba Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Hitachi (Japan)
  • C&S Electric (India)
  • Schneider Electric (France)
  • Powell Industries (US)
  • Sensata Technologies (US)
  • Tavrida Electric (Russia)
  • Fuji Electric (Japan)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Low Voltage DC Circuit Breaker valued at USD 3.29 Billion in 2020 and is expected to reach USD 4.91 Billion in 2028 growing at a CAGR of 5.4%.

  • The prominent players in the market are Eaton (US), ABB (Switzerland), Larsen and Toubro (India), SIEMENS AG (Germany), Hyundai Electric (South Korea), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi (Japan), C&S Electric (India), Schneider Electric (France), Powell Industries (US), Sensata Technologies (US), Tavrida Electric (Russia), Fuji Electric (Japan).

  • The market is project to grow at a CAGR of 5.4% between 2021 and 2028.

  • The driving factors of the Low Voltage DC Circuit Breaker include

    • Rising growth in the Demand for Molded Case Circuit Breaker

  • Asia Pacific was the leading regional segment of the Low Voltage DC Circuit Breaker in 2020.