Low Voltage DC Circuit Breaker Market by End User (Battery Systems, Transportation, and Others), Application (Industrial, Commercial, and Others), Type (Air Circuit Breaker, Molded Case Circuit Breaker, and Others) and Region - Global Forecast to 2024
[166 Pages Report] The global Low Voltage DC Circuit Breaker Market is projected to reach a size of USD 1.5 billion by 2024, at a CAGR of 5.68%, from an estimated USD 1.2 billion in 2019. This growth can be attributed to factors such as upgradation & modernization of aging infrastructure for safe and secure electrical distribution systems, expansion in transmission & distribution networks, increasing rate of industrialization & urbanization, and increased focus on renewable energy generation techniques such as solar as well as increased emphasis on battery systems for microgrids and for eliminating the peaks or surges in the grid, because of varying generating capability from the renewable sources.
The data center end user is expected to be the fastest growing market from 2019 to 2024.
The data center end user is estimated to be the largest and the fastest growing segment during the forecast period, as it is the main component utilized in the cloud storage applications which are an essential part of the digitalized operations of every task including smart grid and smart transport. With most of the existing operations related to almost all the fields to undergo digitalization in the near future for the sake of ease of operations and reliability, data centers will be coming up in large numbers around the globe to support the same, where DC is essentially needed, ultimately increasing the demand for low voltage DC circuit breakers.
The others segment, by application, is expected to be the largest market from 2019 to 2024.
The others segment is expected to hold the largest market share and to be the fastest growing segment during the forecast period because of the introduction of numerous new technologies in this sector such as Artificial Intelligence and Internet of Things that require a network of sensors and automation devices. The segment is also supported by the ever-increasing number of electronic devices needed for the ease of lifestyle, which is expected to drive the market during the forecast period.
The Molded Case circuit breaker market, by type, is expected to be the largest market from 2019 to 2024.
The Molded Case Circuit Breaker (MCCB) use a simple and robust construction making them more reliable and cost effective over their counterparts. This is one of the prime reasons why MCCBs are used more than Air Circuit Breakers (ACB) and other types of low voltage DC circuit breakers. The segment is expected to grow at a CAGR of 5.71 % during the forecast period with a projected market share of USD 1.2 Billion.
Asia Pacific: The leading market for low voltage DC circuit breaker.
The Asia Pacific region is expected to be the largest market for low voltage DC Circuit breakers, by 2024. Countries such as China, Japan, and South Korea are among the major countries which are considered as the main manufacturing hubs for low voltage DC circuit breakers. Over the past few years, this region has witnessed rapid economic development. Also, the growth of the solar power generation and strengthening of the transmission and distribution sectors in this region resulting in an increase in the low voltage dc circuit breaker market.
Increase in the demand for electricity along with a thought of curbing pollutants emitted by burning of fossil fuels for power generation has made way for the renewable energy to come into picture. The total investment in the renewable generation, globally, was approximately USD 333.50 billion in 2017. Amongst renewables, solar energy has seen one of the most significant developments in the region. This is because countries such as China and India invested heavily in the solar technology and have ambitious targets of 680 GW and 227 GW, respectively, until 2022, to achieve, followed by the North American region.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the low voltage DC circuit breaker market. Some of the key players are ABB (Switzerland), Eaton (US), SIEMENS AG (Germany), Schneider Electric (France), Larsen and Toubro, and Hitachi (Japan). The leading players are adopting various strategies to increase their shares in the market for low voltage DC circuit breaker.
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- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market Size available for years |
20172024. |
|
Base year considered |
2018. |
|
Forecast period |
20192024. |
|
Forecast units |
Value (USD). |
|
Segments covered |
End User, Application, Type, and Region. |
|
Geographies covered |
Asia Pacific, Europe, North America, South America, the Middle East & Africa |
|
Companies covered |
ABB (Switzerland), Eaton (US), SIEMENS AG (Germany), Larsen and Toubro (India), Hyundai Electric (South Korea), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), C&S Electric (India), Hitachi (Japan), Schneider Electric (France), Tavrida Electric (Russia), Fuji Electric (Japan), Powell Industries (US), Sensata Technologies (US), and Entec Electric and Electronic (South Korea). |
This research report categorizes the low voltage DC circuit breaker market based on end user, application, type, and region.
On the basis of End User, the LV DC circuit breaker market has been segmented as follows:
- Battery Systems
- Data Centers
- Solar Industry
- Transportation
- Others (Including Marine applications, mining, and chemical industries)
On the basis of Type, the LV DC circuit breaker market has been segmented as follows:
- Air Circuit Breaker
- Molded Case Circuit Breaker
- Others (Including Miniature Circuit Breaker, and Residual Current Circuit Breaker)
On the basis of Application, the LV DC circuit breaker market has been segmented as follows:
- Industrial
- Commercial
- Others (Including Residential)
On the basis of Region, the LV DC circuit breaker market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- South America
- The Middle East and Africa
Recent Developments
- In April 2019, the power transmission & distribution business of L&T Construction has bagged several engineering, procurement and construction orders across its various business lines. Orders have been received from certain countries of the Middle East and the ASEAN region for substations and transmission lines.
- In February 2019, ABB was awarded a contract by the Indian Railways under which ABB has to supply traction control equipment to the Indian Railways for converting diesel locomotives to electric ones. The traction control units would be manufactured in the Nelamangala plant in Bengaluru in India.
Key Questions addressed by the report
- The report identifies and addresses key markets for low voltage DC circuit breaker, which would help various stakeholders such as utilities, chemical industry, mining industry, and key players from the transportation sector to review the growth in demand.
- The report helps low voltage DC circuit breaker manufacturers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Market Size Estimation
2.1.1 Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Assumptions
2.1.2.2 Calculation
2.1.3 Forecast
2.2 Some of the Insights of Industry Experts
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Low Voltage DC Circuit Breaker Market During the Forecast Period
4.2 LV DC Circuit Breaker Market, By Region
4.3 LV DC Circuit Breaker Market, By Type
4.4 LV DC Circuit Breaker Market, By End-User
4.5 LV DC Circuit Breaker Market, By Application
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Generation of Electricity From Renewable Energy Sources
5.2.1.2 Increasing Investments in Smart Grids to Ensure Grid Stability
5.2.1.3 Shift Toward Decentralized Power Generation & Energy Storage
5.2.2 Restraints
5.2.2.1 Inconsistencies Leading to Vulnerability Causing Operational Failures
5.2.2.2 Lack of Existing Government Policies Specific to Low Voltage DC Circuit Breakers
5.2.3 Opportunities
5.2.3.1 Development of Smart Cities & Electric Vehicles
5.2.3.2 Replacement of Old & Aging Electrical Infrastructure
5.2.3.3 Demand for Uninterrupted Power Supply From Utilities
5.2.4 Challenges
5.2.4.1 Expensive When Compared to Alternative Products
5.2.4.2 Concerns About the Cybersecurity of the Power Grid
6 Market, By Type (Page No. - 37)
6.1 Introduction
6.2 By Type
6.2.1 Air Circuit Breaker
6.2.1.1 Finds Usage Mostly in Commercial Segments
6.2.2 Molded Case Circuit Breaker
6.2.2.1 Mostly Used in the Low Voltage Category
6.2.3 Others
7 Market, By Application (Page No. - 41)
7.1 Introduction
7.2 By Application
7.2.1 Industrial
7.2.1.1 Increasing Automation is Likely to Drive the Market
7.2.2 Commercial
7.2.2.1 Growing Commercial Areas Globally Would Drive the Market
7.2.3 Others
8 LV DC Circuit Breaker Market, By End-User (Page No. - 45)
8.1 Introduction
8.2 End-User
8.2.1 Battery System
8.2.1.1 Battery System Segment is Expected to Experience Huge Growth in Asia Pacific and North American Markets
8.2.2 Data Center
8.2.2.1 With Increasing Digitization, the Segment is Expected to Develop Massively
8.2.3 Solar
8.2.3.1 The Major Segment Driving the Renewables Market Ahead
8.2.4 Transportation
8.2.4.1 Charging Stations for Electric Vehicles are Expected to Have Massive Investments in North America and Europe
8.2.5 Others
9 LV DC Circuit Breaker Market, By Region (Page No. - 52)
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Major Capacity Building is Expected to Take Place in the Energy Storage and Renewables Space
9.2.2 India
9.2.2.1 India has Increased Its 2022 Renewables Target and has Projects Lined Up in Data Systems and Battery Storage
9.2.3 Japan
9.2.3.1 Major Investments are Expected in the Development of Electrical and Transportation Infrastructure
9.2.4 South Korea
9.2.4.1 Major Investments in Data Centers are Expected to Drive the Market Forward
9.2.5 Rest of Asia Pacific
9.3 North America
9.3.1 US
9.3.1.1 Major Investments are Expected in Revamping Infrastructure and in Building New Data Centers
9.3.2 Canada
9.3.2.1 The Government is Strongly Supporting the Development of Energy Storage Technology
9.3.3 Mexico
9.3.3.1 Increased Dependency on Renewable Sources to Fulfil Its Electricity Needs
9.4 Europe
9.4.1 Germany
9.4.1.1 The Renewable Energy Capacity Development is Supported By Developing Smart Grids, Eventually Forming an Attractive Market
9.4.2 Russia
9.4.2.1 Major Developments Related to Energy Storage Technology Taking Place in the Transportation Sector
9.4.3 UK
9.4.3.1 Major Investment is Expected in the Underground Railways and Tube Infrastructure
9.4.4 France
9.4.4.1 France is Strengthening Its Foothold in the Data Economy Through the Installation of New Data Centres
9.4.5 Rest of Europe
9.5 South America
9.5.1 Brazil
9.5.1.1 Brazil to Make Massive Investments in the Data Storage Front, Supporting Its IT Infrastructure
9.5.2 Argentina
9.5.2.1 Argentinian Government is Expected to Promote the Renewables and Railway Sector
9.5.3 Chile
9.5.3.1 Chile is Set to Get Its First Major Investment in Data Centers, Followed By A Push in the Renewables and Data Centers Segment
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 United Arab Emirates (UAE)
9.6.1.1 UAE is Taking Gigantic Leaps in Connecting Solar With Digital Energy Storage Systems
9.6.2 Saudi Arabia
9.6.2.1 Google has Set Eyes on the Country to Build Its Data Infrastructure
9.6.3 Kuwait
9.6.3.1 A Fresh Boost for Renewables is Expected in Kuwait
9.6.4 South Africa
9.6.4.1 Electric Vehicle Charging Stations are Expected to Gain A Major Push in South Africa
9.6.5 Rest of Middle East & Africa
10 Competitive Landscape (Page No. - 89)
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Competitive Landscape Mapping, 2018
10.4 Competitive Scenario
10.4.1 Contracts & Agreements
10.4.2 Investments & Expansions
10.4.3 Mergers & Acquisitions
10.4.4 Others
11 Company Profiles (Page No. - 96)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 ABB
11.2 Eaton
11.3 Schneider Electric
11.4 Tavrida Electric
11.5 Hitachi
11.6 Fuji Electric
11.7 Powell Industries
11.8 Sensata Technologies
11.9 SIEMENS AG
11.10 C&S Electric
11.11 Hyundai Electric & Energy Systems Company
11.12 Mitsubishi Electric Corporation
11.13 Larsen & Toubro
11.14 Rockwell Automation
11.15 Entec Electric & Electronic
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 159)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (60 Tables)
Table 1 Installed Capacity of Key End-User Industries and Investments in Power Distribution, Solar Installations, Energy Storage, Data Centers, and Ev Charging Infrastructure Installations are the Determining Factors for the Global Market
Table 2 Global LV DC Circuit Breaker Market Snapshot
Table 3 Market Size, By Type, 20172024 (USD Million)
Table 4 Air Circuit Breaker: Market Size, By Region, 20172024 (USD Million)
Table 5 Molded Case Circuit Breaker: Market Size, By Region, 20172024 (USD Million)
Table 6 Others: Market Size, By Region, 20172024 (USD Million)
Table 7 LV DC Circuit Breaker Market Size, By Application, 20172024 (USD Million)
Table 8 Industrial: Market, By Region, 20172024 (USD Million)
Table 9 Commercial: Market Size, By Region, 20172024 (USD Million)
Table 10 Others: Market Size, By Region, 20172024 (USD Million)
Table 11 Low Voltage DC Circuit Breaker Market Size, By End-User, 20192024 (USD Million)
Table 12 Battery System: Market Size, By Region, 20172024 (USD Million)
Table 13 Data Center: Market Size, By Region, 20172024 (USD Million)
Table 14 Solar: Market Size, Region, 20172024 (USD Million)
Table 15 Transportation: Market Size, By Region, 20172024 (USD Million)
Table 16 Others: Market Size, By Region, 20172024 (USD Million)
Table 17 LV DC Circuit Breaker Market Size, By Region, 20192024 (USD Million)
Table 18 Asia Pacific: LV DC Circuit Breaker Market Size, By Country, 20192024 (USD Million)
Table 19 Asia Pacific: Market Size, By Type, 20192024 (USD Million)
Table 20 Asia Pacific: Market Size, By End-User, 20192024 (USD Million)
Table 21 Asia Pacific: Market Size, By Application, 20192024 (USD Million)
Table 22 China: Market Size, By End-User, 20192024 (USD Million)
Table 23 India: Market Size, By End-User, 20192024 (USD Million)
Table 24 Japan: Market Size, By End-User, 20192024 (USD Million)
Table 25 South Korea: LV DC Circuit Breaker Market Size, By End-User, 20192024 (USD Million)
Table 26 Other Countries in Asia Pacific: Market Size, By End-User, 20192024 (USD Million)
Table 27 North America: LV DC Circuit Breaker Market Size, By Country, 20172024 (USD Million)
Table 28 North America: Market Size, By Type, 20172024 (USD Million)
Table 29 North America: Market Size, By End-User, 20172024 (USD Million)
Table 30 North America: Market Size, By Application, 20172024 (USD Million)
Table 31 US: LV DC Circuit Breaker Market Size, By End-User, 20172024 (USD Million)
Table 32 Canada: Market Size, By End-User, 20172024 (USD Million)
Table 33 Mexico: Market Size, By End-User, 20172024 (USD Million)
Table 34 Europe: LV DC Circuit Breaker Market Size, By Country, 20172024 (USD Million)
Table 35 Europe: Market Size, By Type, 20172024 (USD Million)
Table 36 Europe: Market Size, By End-User, 20172024 (USD Million)
Table 37 Europe: Market Size, By Application, 20172024 (USD Million)
Table 38 Germany: Market Size, By End-User, 20172024 (USD Million)
Table 39 Russia: Market Size, By End-User, 20172024 (USD Million)
Table 40 UK: LV DC Circuit Breaker Market Size, By End-User, 20172024 (USD Million)
Table 41 France: Market Size, By End-User, 20172024 (USD Million)
Table 42 Rest of Europe: Market Size, By End-User, 20172024 (USD Million)
Table 43 South America: LV DC Circuit Breaker Market Size, By Country, 20172024 (USD Million)
Table 44 South America: Market Size, By Type, 20172024 (USD Million)
Table 45 South America: Market Size, By End-User, 20172024 (USD Million)
Table 46 South America: Market Size, By Application, 20172024 (USD Million)
Table 47 Brazil: LV DC Circuit Breaker Market Size, By End-User, 20172024 (USD Million)
Table 48 Argentina: Market Size, By End-User, 20172024 (USD Million)
Table 49 Chile: Market Size, By End-User, 20172024 (USD Million)
Table 50 Rest of South America: Market Size, By End-User, 20172024 (USD Million)
Table 51 Middle East & Africa: LV DC Circuit Breaker Market Size, By Country, 20192024 (USD Million)
Table 52 Middle East & Africa: Market Size, By Type, 20192024 (USD Million)
Table 53 Middle East & Africa: Market Size, By End-User, 20192024 (USD Million)
Table 54 Middle East & Africa: Market Size, By Application, 20172024 (USD Million)
Table 55 UAE: Market Size, By End-User, 20192024 (USD Million)
Table 56 Saudi Arabia: LV DC Circuit Breaker Market Size, By End-User, 20192024 (USD Million)
Table 57 Kuwait: Market Size, By End-User, 20192024 (USD Million)
Table 58 South Africa: Market Size, By End-User, 20192024 (USD Million)
Table 59 Rest of Middle East & Africa: Market Size, By End-User, 20192024 (USD Million)
Table 60 Schneider Electric, the Most Active Player in the Low Voltage DC Circuit Breaker Market Between 2016 and 2019
List of Figures (38 Figures)
Figure 1 Asia Pacific Held the Largest Share in the Low Voltage DC Circuit Breaker Market in 2018
Figure 2 Molded Case Circuit Breaker Segment is Expected to Dominate the Market, By Type, From 2019 to 2024
Figure 3 Solar Segment is Expected to Dominate the Market, By End-User, From 2019 to 2024
Figure 4 Commercial Segment is Expected to Dominate the Market, By Application , From 2019 to 2024
Figure 5 Increased Emphasis on Renewables and Electric Vehicles is Expected to Drive the Market, 20192024
Figure 6 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Molded Case Circuit Breaker Segment Dominated the Asia Pacific Market During the Forecast Period
Figure 8 End-User Segment Market Share, From 20192024
Figure 9 Commercial Segment is Estimated to Lead the Market During the Forecast Period
Figure 10 LV DC Circuit Breaker Market: Drivers, Restraints, Opportunities, and Challenges
Figure 11 Rise in Global Investments in the Field of Renewable Energy
Figure 12 Projected Share of Renewables in Electricity, 20172023 (%)
Figure 13 Investment in Smart Distribution Networks, By Country
Figure 14 Grid Connected Energy Storage Market: Expected Growth
Figure 15 Global Investment in Electric Vehicles & Government Subsidies
Figure 16 Low Voltage DC Circuit Breaker Market, By Type, 20192024 (USD Million)
Figure 17 Market, By Application, 20192024 (USD Million)
Figure 18 Market, By End-User, 20192024 (USD Million)
Figure 19 Market Size, By Region, 20192024
Figure 20 Regional Snapshot: Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Low Voltage DC Circuit Breaker Market Share (Value), By Region, 2024
Figure 22 Asia Pacific: Regional Snapshot
Figure 23 North America: Regional Snapshot
Figure 24 Key Developments in the Market, 20162019
Figure 25 ABB Led the LV DC Circuit Breaker Market in 2018
Figure 26 Market (Global) Competitive Landscape Mapping, 2018
Figure 27 ABB: Company Snapshot
Figure 28 Eaton: Company Snapshot
Figure 29 Schneider Electric: Company Snapshot
Figure 30 Hitachi: Company Snapshot
Figure 31 Fuji Electric: Company Snapshot
Figure 32 Powell Industries: Company Snapshot
Figure 33 Sensata Technologies: Company Snapshot
Figure 34 SIEMENS AG: Company Snapshot
Figure 35 Hyundai Electric and Energy Systems: Company Snapshot
Figure 36 Mitsubishi Electric Corporation: Company Snapshot
Figure 37 Larsen & Toubro: Company Snapshot
Figure 38 Rockwell Automation: Company Snapshot
This study involved 4 major activities in estimating the current market size for low voltage DC circiut breaker market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation technique was done to estimate the market size of the segments and corresponding sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as T&D World, Bloomberg Business Week, Factiva, and world energy investment journal, to identify and collect information useful for a technical, market-oriented, and commercial study of the low voltage DC circuit breaker market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The low voltage DC circuit breaker market comprises of several stakeholders such as renewable generation; battery systems manufacturers; transmission and distribution companies in the sector; electrical equipment manufacturing companies; low voltage component manufacturers; organizations, forums, & alliances; state & national regulatory authorities; and electrical system designers, owners, & operators. The demand side of this market is characterized by its applications such as industrial, commercial and others, where others include residential consumers. The supply side is characterized by organizations manufacturing low voltage DC circuit breakers and the equipment where low voltage DC circuit breakers are installed. To name a few such companies, there is, ABB, Siemens, Eaton, Tavrida electric, Hitachi, Mitsubishi Electric, and Hyundai Electric Company Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global low voltage DC circuit breaker market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research and their market shares in the respective regions have been determined through both primary and secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in utilities, battery systems, the solar industry, data centres, transportation, and other sectors.
Report Objectives
- To define, describe, and forecast the global low voltage DC circuit breaker market by end user, application, type, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, the Middle East & Africa)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Low Voltage DC Circuit Breaker Market