The generation of renewable energy is not as steady as the conventional generation of power. The low voltage DC circuit breakers are therefore attached with them, connecting the energy generating stations to switchyards and the electrical grid. The evolution of renewable power generation for the low voltage DC circuit breaker industry is expected to be a long-term driving force. It is further estimated that subsequent stable grid development programs, energy storage, micro grid, and electric charging infrastructure will fuel the market growth.
MARKET DYNAMICS
The expansion in transmission and distribution networks, up-gradation and modernization of aging infrastructure for safe and secure electrical distribution systems, increasing rate of industrialization and urbanization, amplified focus on renewable energy generation techniques such as solar as well as increased importance on battery systems for micro grids are some of the significant factors driving the growth of the low voltage DC circuit breaker market. However, risks related to devising malfunction and lack of existing government policies are the major factors restraining the growth of the low voltage DC circuit breaker market. Moreover, increasing demand for a renewable source of energy to curb carbon emission is anticipated to boost the low voltage DC circuit breaker market growth.
MARKET SCOPE
The "Global Low Voltage DC Circuit Breaker Market Analysis to 2028" is a specialized and in-depth study of the low voltage DC circuit breaker market with a special focus on the global market trend analysis. The report aims to provide an overview of low voltage DC circuit breaker market with detailed market segmentation by type, applications, end user. The global low voltage DC circuit breaker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading low voltage DC circuit breaker market players and offers key trends and opportunities in the low voltage DC circuit breaker market.
MARKET SEGMENTATION
The global low voltage DC circuit breaker market is segmented on the basis of type, applications, end user. On the basis of type, the market is segmented as air circuit breaker, molded case circuit breaker, miniature circuit breaker, residual current circuit breaker. On the basis of applications, the market is segmented as industrial, commercial, others (including residential). On the basis of end user, the market is segmented as battery systems, data centers, solar industry, transportation, mining, chemical industries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global low voltage DC circuit breaker market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The low voltage DC circuit breaker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting low voltage DC circuit breaker market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Low voltage DC circuit breaker market in these regions.
MARKET PLAYERS
The reports cover key developments in the low voltage DC circuit breaker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from low voltage DC circuit breaker market are anticipated to lucrative growth opportunities in the future with the rising demand for low voltage DC circuit breaker market. Below mentioned is the list of few companies engaged in the low voltage DC circuit breaker market.
The report also includes the profiles of key low voltage DC circuit breaker market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- CandS Electric Limited
- Eaton
- Fuji Electric FA Components and Systems Co., Ltd.
- Hitachi Industrial Equipment Systems Co.,Ltd.
- HYUNDAI ELECTRIC and ENERGY SYSTEMS CO., LTD.
- LARSEN and TOUBRO LIMITED
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Siemens