What is the global market size of Low Voltage DC Circuit Breaker Market?

Low Voltage DC Circuit Breaker Market size was valued at USD 3 billion in 2021 and is poised to grow from USD 3.16 billion in 2022 to USD 4.7 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Low Voltage DC Circuit Breaker Market Size, Share, Growth Analysis, By Type(Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker), By End-Use(Battery Systems, Data Centers, Solar Industry, Transportation), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Low Voltage DC Circuit Breaker Market?

Major corporations dominate the global low voltage DC circuit breakers market. One of the primary methods used by the key manufacturers to promote their worldwide presence and products was the merger with local players along with contractual arrangements with the end-user. Major companies are investing more in research and development and new product releases. For instance, in January 2022, ABB India introduced Formula DIN-Rail, a comprehensive line of isolators, residual current circuit breakers, and tiny circuit breakers (MCBs) for India's D250 million electrical retail sector. 'ABB Ltd.', 'Eaton Corporation plc', 'Schneider Electric SE', 'Siemens AG', 'Mitsubishi Electric Corporation', 'Fuji Electric', 'Toshiba Corporation', 'Legrand SA', 'Larsen & Toubro Limited', 'Rockwell Automation, Inc.', 'Emerson Electric Co.', 'Hager Group', 'TE Connectivity Ltd.', 'Delta Electronics, Inc.', 'WEG Industries SA', 'CHINT Electric Co., Ltd'

Report ID: SQSG20D2015 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 65 | Figures: 71

Low Voltage DC Circuit Breaker Market Regional Insights

In 2021, the global low voltage DC circuit breakers market is thought to be dominated by and developing the fastest in the Asia Pacific region. Increased reliance on alternative energy sources and increased investment in the construction of electric grids are credited for the region's rapid growth. Demand for DC circuit breakers is projected to increase as grid energy investment increases and electrification plans for rural regions of emerging economies are implemented. Furthermore, in countries like China and India, interest in renewable energy is growing.

As the repair and replacement of the current infrastructure is the primary necessity in the local market, North America is projected to be another big region with a sizable share.

On the other hand, the European market for low-voltage dc circuit breakers is predicted to expand rapidly, supported by both the developments in electronic systems technologies and the rising awareness of electrical mishaps in countries like Germany, Austria, and Switzerland.

Low Voltage DC Circuit Breaker Market Report Snapshots

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Low Voltage DC Circuit Breaker Market size was valued at USD 3 billion in 2019 and is poised to grow from USD 3.16 billion in 2023 to USD 4.7 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Major corporations dominate the low voltage DC circuit breakers market. One of the primary methods used by the key manufacturers to promote their worldwide presence and products was the merger with local players along with contractual arrangements with the end-user. Major companies are investing more in research and development and new product releases. For instance, in January 2022, ABB India introduced Formula DIN-Rail, a comprehensive line of isolators, residual current circuit breakers, and tiny circuit breakers (MCBs) for India's D250 million electrical retail sector. 'ABB Ltd.', 'Eaton Corporation plc', 'Schneider Electric SE', 'Siemens AG', 'Mitsubishi Electric Corporation', 'Fuji Electric', 'Toshiba Corporation', 'Legrand SA', 'Larsen & Toubro Limited', 'Rockwell Automation, Inc.', 'Emerson Electric Co.', 'Hager Group', 'TE Connectivity Ltd.', 'Delta Electronics, Inc.', 'WEG Industries SA', 'CHINT Electric Co., Ltd'

Offering reliable and comfortable power transmission and distribution systems is becoming more and more important as a result of energy infrastructure innovation and escalating modernization. Due to its capacity to increase the loads from such devices, low-voltage dc circuit breakers are now frequently utilized in digital equipment like laptops, stabilizers, and servers.

Over the course of the forecast, the low voltage DC circuit breaker market is estimated to propel the solar energy industry. In both small-scale and utility-sized solar companies, malfunctioning solar PV panels are isolated using low voltage circuit breakers. The market for low voltage circuit breakers is projected to be significantly impacted by the building of these developments. The main hotspots for solar PV and, consequently, low voltage DC circuit breakers are developed nations in North America and Europe and developing nations in Asia-Pacific.

In 2021, the low voltage DC circuit breakers market is thought to be dominated by and developing the fastest in the Asia Pacific region. Increased reliance on alternative energy sources and increased investment in the construction of electric grids are credited for the region's rapid growth. Demand for DC circuit breakers is projected to increase as grid energy investment increases and electrification plans for rural regions of emerging economies are implemented. Furthermore, in countries like China and India, interest in renewable energy is growing.

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Low Voltage DC Circuit Breaker Market Size, Share, Growth Analysis, By Type(Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker), By End-Use(Battery Systems, Data Centers, Solar Industry, Transportation), By Region - Industry Forecast 2024-2031

Low Voltage DC Circuit Breaker Market Regional Insights

Low Voltage DC Circuit Breaker Market Report Snapshots

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What is the market size of Low Voltage DC Circuit Breaker Market?

Who are the key vendors in the Low Voltage DC Circuit Breaker Market?

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Which region accounted for the largest share in Low Voltage DC Circuit Breaker Market?

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