PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1923694
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1923694
The global low voltage DC circuit breaker market is expected to reach USD 1.80 billion in 2025 and USD 2.52 billion by 2030, exhibiting a CAGR of 7.0% during the forecast period. One key reason propelling the adoption of low voltage DC circuit breakers is the increasing adoption of DC-based power systems in the energy, mobility, and digital space. The increasing adoption of solar PV, BESS, EV charging stations, and data centers has resulted in growing demand for DC power protection solutions that offer high efficiency and reliability.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2021-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million/Billion) |
| Segments | Low voltage DC circuit breaker Market by type, voltage, breaking mechanism, end user, and region. |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa and South America |
DC power systems, unlike their counterparts in the AC system, have certain limitations, including uninterrupted current flow with no natural zero crossing points, thereby making DC circuit breakers indispensable. Governments around the world, in their efforts to promote the adoption of renewable energy, continue to augment the demand for low voltage DC circuit breakers. Additionally, with industries continuing their efforts towards increasing the efficiency of their operations, the demand for low voltage DC circuit breakers cannot be overstated. DC microgrids in the commercial, telecom, and industrial space continue to supplement the demand for low voltage DC circuit breakers..

"Molded case circuit breaker in the type segment are expected to hold largest market share in the low voltage DC circuit breaker market during the forecast period"
Molded case circuit breakers (MCCBs) are anticipated to occupy the largest share of the low voltage DC circuit breaker market during the forecast period because of their adaptability, high current rating, and excellent protection mechanisms. MCCBs are applied in various applications like solar PV systems, battery storage solutions, electric vehicle charging stations, and industrial DC distribution systems, where high current ratings and reliable switching of faults are necessary. Compared to MC series circuit breakers, molded case circuit breakers are adjustable, providing improved thermal and magnetic protections along with advanced arc extinguishing properties, making them appropriate for DC systems. Their ability to work efficiently within a high voltage range of 380-1.5kVDC further aids in the adoption of MCCBs. Moreover, MCCBs are generally used within switchgear and-power distribution boards, making it simpler for consumers to design and maintain the system. MCCBs are preferred for large-scale and critical DC application systems because of such benefits.
"Battery energy storage systems in the end user segment to hold second largest market share in the low voltage DC circuit breaker market during the forecast period"
Battery energy storage systems are anticipated to have the second-largest market share in the market for low-voltage DC circuit breakers during the forecast period, owing to the indispensable role of BESS in stabilizing the power distribution of the modern power system. BESS deployment has escalated globally for its application in grids, commercial, and residential projects. Since battery energy inherently works on DC, the use of LV DC circuit breakers has become essential for securing battery strings, inverters, or DC buses against malfunctions, overload, or short circuits. Rising lithium-ion battery energy storage solutions used for solar storage projects, electric vehicle charging stations, or microgrids have contributed considerably to the demand for DC circuit breakers. Moreover, issues regarding thermal runaways and high fault currents have compelled system integrators to choose high-quality DC protection solutions..
"China is likely to dominate the Asia Pacific low voltage DC circuit breaker market during the forecast period"
China would emerge as a leader in the Asia Pacific market for low voltage DC circuit breakers on account of its vast investments in renewable energy, electric vehicles, and smart grid modernization. China accounts for a massive share of global installations in solar PV energy storage systems in the world. These sectors primarily employ vast capacities of DC power, making way for a massive demand for low voltage DC circuit breakers in China. Moreover, massive support for clean energy technologies such as smart grids and electric vehicles in China fuels a huge demand for low voltage DC circuit breakers in the APAC market. Additionally, China has a well-developed manufacturing infrastructure for electrical devices, making it simpler for low voltage DC circuit breakers to be mass-produced in the APAC market.
Breakdown of Primaries
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the biorefinery market.
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-level Executives - 30%, Director Level- 25%, and Others- 45%
By Region: North America - 27%, Europe - 20%, Asia Pacific - 33%, South America - 12%, Middle East & Africa - 8%
Note: Other designations include sales managers, engineers, and regional managers.
Note: tier 1 company-revenue >USD 5 billion, tier 2 company-revenue between USD 1 and USD 5 billion, and tier 3 company-revenue <USD 1 billion.
The global low voltage DC circuit breaker market is dominated by key players that hold a wide regional presence and offer a diverse range of products. Leading companies in the low voltage DC circuit breaker market include ABB, Siemens, Schneider Electric, Eaton, and MITSUBHI ELECTRIC CORPORATION among others. These players focus on strategies such as product innovations, acquisitions, contracts, and expansions to strengthen their market position. New product launches, coupled with strategic, are key approaches adopted by these companies to maintain competitive advantages in the evolving market landscape.
Study Coverage
The report segments the low voltage DC circuit breaker market and forecasts in by type, voltage, breaking mechanism, end user and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across three main regions-North America, Europe, Asia Pacific, South America and MEA. The report includes a value chain analysis of the key players and their competitive analysis of the low voltage DC circuit breaker ecosystem.
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