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 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).

The reduction in solar installations put a stop to the market's expansion in line with the COVID-19 outbreak. The DC circuit breaker is a crucial part of the solar PV system, acting as a wall across direct current and alternating current. Over the course of the projected time frame, the market is estimated to propel by factors like increased electricity usage, an infusion of renewable energy sources into the energy mix, and growth in the number of data centers and electric vehicles. The market for low voltage DC circuit breakers is expected to develop over the coming periods, although it will likely be constrained by the greater stability of the electrical supply, which is decreasing the demand for circuit breaks.

The generation from renewable sources and expenditures on clean energy projects are now more important than ever. As a consequence, the market for low voltage DC circuit breakers is projected to experience exceptional growth in the future due to the substantial development of new renewable projects and rising power usage.

US Low Voltage DC Circuit Breaker Market is poised to grow at a sustainable CAGR for the next forecast year.