PUBLISHER: IMARC | PRODUCT CODE: 1422829
PUBLISHER: IMARC | PRODUCT CODE: 1422829
Low Voltage DC Circuit Breaker Market by Type, Application, End User, and Region 2024-2032
Abstract
The global low voltage DC circuit breaker market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.09% during 2024-2032. Continual upgradation and modernization of outdated energy infrastructures, rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, and higher adoption of low voltage DC circuits to power motors in passenger and commercial vehicles represent some of the key factors driving the market.
Electric circuit breakers are a vital part of the modern electrical power distribution system that operates at 50/60 Hz and can handle loads between 100V and 15000V. It is an electromechanical switch that breaks the circuit manually or automatically under abnormal conditions such as over current, over voltage, and short circuits. A continuity interrupter interrupts the flow of electricity by isolating parts of an electrical distribution system under abnormal conditions. Circuit breakers of this type of can be reset manually or electronically to resume normal operation, and they are capable of working at up to 1,000 voltage ratings. Instead of a fuse, which needs to be operated once and needs replacement, a low voltage circuit breaker can be reset multiple times to effectively resume normal options. In addition to providing system protection, it enables different components of the electrical distribution to be isolated for maintenance and operations.
Low Voltage DC Circuit Breaker Market Trends:
The global market is primarily driven by the rising product demand in various end-use applications, including electric locomotives, electric vehicles, data centres, and thyristor switched capacitor banks. This can be attributed to the increasing need for molded case circuit breakers with considerable increase in power distribution and generation equipment. The rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, including computers, stabilizers, and servers, are resulting in a higher uptake in consumer electronic devices. The continual upgradation and modernization of outdated energy infrastructures for safer electricity delivery systems is also impacting the market positively. However, the initial high costs associated with the installation and maintenance processes are acting as one of the major restraints to market growth. Conversely, the development of various newer electric vehicle models to reduce traffic congestion and pollution levels is resulting in a higher adoption of low voltage DC circuits to power motors on passenger and commercial vehicles. Furthermore, the augmenting demand for decentralized power distribution and stability in the generation of renewable power is creating a positive outlook for the market. Additionally, the growing usage of low-voltage DC circuit breaker in photovoltaic solar panels and battery powered electric circuits that work with direct current is providing an impetus to the market. Some of the other factors contributing to the market include the growing global energy demand, continual product innovations, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global low voltage DC circuit breaker market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, application and end user.
Type Insights
Air Circuit Breaker
Molded Case Circuit Breaker
Others
The report has provided a detailed breakup and analysis of the low voltage DC circuit breaker market based on the type. This includes air circuit breaker, molded case circuit breaker, and others. According to the report, molded case circuit breaker represented the largest segment.
Application Insights
Battery System
Data Centers
Solar Energy
Transportation
Others
The report has provided a detailed breakup and analysis of the low voltage DC circuit breaker market based on the application. This includes battery system, data centers, solar energy, transportation, and others. According to the report, data centers represented the largest segment.
End User Insights
Industrial
Commercial
Others
A detailed breakup and analysis of the low voltage DC circuit breaker market based on the end user has also been provided in the report. This includes industrial, commercial, and others.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for low voltage DC circuit breaker. Some of the factors driving the Asia Pacific low voltage DC circuit breaker market include continual upgradation and modernization of outdated energy infrastructures, growing usage of low-voltage DC circuit breaker in photovoltaic solar panels and battery powered electric circuits, the augmenting demand for decentralized power distribution, etc.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global low voltage DC circuit breaker market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Eaton Corporation plc, Fuji Electric FA Components & Systems Co. Ltd. (Fuji Electric Co.Ltd.), Hitachi Ltd., Hyundai Electric and?Energy Systems Co. Ltd., Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Sensata Technologies Inc., Siemens AG, etc.
Key Questions Answered in This Report:
- How has the global low voltage DC circuit breaker market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global low voltage DC circuit breaker market?
- What are the key regional markets?
- Which countries represent the most attractive low voltage DC circuit breaker markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global low voltage DC circuit breaker market?
- Who are the key players/companies in the global low voltage DC circuit breaker market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Low Voltage DC Circuit Breaker Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Air Circuit Breaker
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Molded Case Circuit Breaker
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Battery System
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Data Centers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Solar Energy
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Transportation
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Industrial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABB Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Eaton Corporation plc
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Fuji Electric FA Components & Systems Co. Ltd. (Fuji Electric Co.Ltd.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Hitachi Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Hyundai Electric and Energy Systems Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Mitsubishi Electric Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Rockwell Automation Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Schneider Electric SE
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sensata Technologies Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Siemens AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 ABB Ltd.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report
List of Figures
- Figure 1: Global: Low Voltage DC Circuit Breaker Market: Major Drivers and Challenges
- Figure 2: Global: Low Voltage DC Circuit Breaker Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Low Voltage DC Circuit Breaker Market: Breakup by Type (in %), 2023
- Figure 5: Global: Low Voltage DC Circuit Breaker Market: Breakup by Application (in %), 2023
- Figure 6: Global: Low Voltage DC Circuit Breaker Market: Breakup by End User (in %), 2023
- Figure 7: Global: Low Voltage DC Circuit Breaker Market: Breakup by Region (in %), 2023
- Figure 8: Global: Low Voltage DC Circuit Breaker (Air Circuit Breaker) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Low Voltage DC Circuit Breaker (Air Circuit Breaker) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Low Voltage DC Circuit Breaker (Molded Case Circuit Breaker) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Low Voltage DC Circuit Breaker (Molded Case Circuit Breaker) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Low Voltage DC Circuit Breaker (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Low Voltage DC Circuit Breaker (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Low Voltage DC Circuit Breaker (Battery System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Low Voltage DC Circuit Breaker (Battery System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Low Voltage DC Circuit Breaker (Data Centers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Low Voltage DC Circuit Breaker (Data Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Low Voltage DC Circuit Breaker (Solar Energy) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Low Voltage DC Circuit Breaker (Solar Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Low Voltage DC Circuit Breaker (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Low Voltage DC Circuit Breaker (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Low Voltage DC Circuit Breaker (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Low Voltage DC Circuit Breaker (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Low Voltage DC Circuit Breaker (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Low Voltage DC Circuit Breaker (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Low Voltage DC Circuit Breaker (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Low Voltage DC Circuit Breaker (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Low Voltage DC Circuit Breaker (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Low Voltage DC Circuit Breaker (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: United States: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: United States: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Canada: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Canada: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Asia-Pacific: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Asia-Pacific: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: China: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: China: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Japan: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Japan: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: India: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: India: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: South Korea: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: South Korea: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Australia: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Australia: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Indonesia: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Indonesia: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Others: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Others: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Europe: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Europe: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Germany: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Germany: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: France: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: France: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: United Kingdom: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: United Kingdom: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Italy: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Italy: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Spain: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Spain: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Russia: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Russia: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Others: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Others: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Latin America: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Latin America: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Brazil: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Brazil: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Mexico: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Mexico: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Low Voltage DC Circuit Breaker Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Middle East and Africa: Low Voltage DC Circuit Breaker Market: Breakup by Country (in %), 2023
- Figure 78: Middle East and Africa: Low Voltage DC Circuit Breaker Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Global: Low Voltage DC Circuit Breaker Industry: Drivers, Restraints, and Opportunities
- Figure 80: Global: Low Voltage DC Circuit Breaker Industry: Value Chain Analysis
- Figure 81: Global: Low Voltage DC Circuit Breaker Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Low Voltage DC Circuit Breaker Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Low Voltage DC Circuit Breaker Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Low Voltage DC Circuit Breaker Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Low Voltage DC Circuit Breaker Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Low Voltage DC Circuit Breaker Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Low Voltage DC Circuit Breaker Market: Competitive Structure
- Table 7: Global: Low Voltage DC Circuit Breaker Market: Key Players
