European low voltage DC circuit breaker market is estimated to grow at a CAGR of 7.9% during the forecast period. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the LVDC circuit breakers market growth. As per the International Organization of Motor Vehicle Manufacturers, around 21 million new vehicles were sold in Europe in 2018. EU 15 +EFTA (European Free Trade Association) has registered sales of around 16.4 million vehicles in 2018. Germany is the biggest vehicle manufacturer in Europe followed by UK. In 2018, Germany registered 3.8 million new vehicles with a growth rate of nearly 3%, year on year basis. 

LVDC circuit breaker market has been positively influenced by the rising electric vehicle sales. According to IEA, in 2016, new electric car sales (BEV and PHEV) in Norway was 44.9 thousand which increased to 72.7 thousand in 2018. Further, Germany, France, and UK also generated significant electric car sales in both BEV and PHEV. Several supporting policies for fuel, economy standards for cars and trucks, and the Clean Vehicles Directive fuel the demand for electric vehicles. Hence, it creates demand for charging infrastructure in the region, hence creates demand for LVDC circuit breakers market in the region. Electric cars have a fuse box with DC circuit breakers. It is also used in electric vehicles charging stations as its entire system works with direct current.

The major players in the market include ABB Ltd., Eaton Corp., Larsen and Toubro Ltd., Schneider Electric S.E., and Siemens AG. These companies are adopting various strategies, such as partnership and collaboration, geographical expansion, and product launch for increasing their market share. For instance, in February 2019, Schneider Electric SE announced the launch of Masterpact MTZ; it is a high-power low voltage circuit breaker that combining combines the performance and reliability with new digital capabilities. Materpact MTZ is a circuit breaker that offers the customer with benefits of extended performance, better security, safety, and reliability. It combines and manages with smart panel architecture and controlled by the supervision system to carry out preventive maintenance and energy management.  

Research Methodology

The market study of the European low Voltage DC circuit breaker market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. European Low Voltage DC Circuit Breaker Market Research and Analysis, By Type
2. European Low Voltage DC Circuit Breaker Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the European low voltage DC circuit breaker market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European low voltage DC circuit breaker market.
• Insights about market determinants which are stimulating the European low voltage DC circuit breaker market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.