India low voltage DC circuit breaker market is expected to grow at a CAGR of 11.2% during the forecast period. Increasing renewable energy projects and rapid digitalization across emerging countries are encouraging the demand for low voltage DC circuit breakers in the country. The Indian government has been actively working towards its renewable power generation capacity at a fast pace over the past few years. As per the International Brand Equity Foundation (IBEF), as of October 2019, the installed renewable energy capacity was 83.4 GW, of which solar and wind comprise 31.7 GW and 37 GW respectively. As a part of Paris Agreement commitments, the Indian government has set a target of achieving 175 GW of renewable energy capacity by 2022. These include 60 GW of wind power capacity and 100 GW of solar capacity. Such kinds of initiatives are likely to drive the growth of the market as low voltage DC circuit breakers are used in solar panels for protection of PV modules from short circuit.

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 November 2019, Schneider Electric introduced its Smart Factory in Bengaluru, India. This is the second such facility by Schneider Electric in the country which represents how the EcoStruxure architecture and related suite of offerings by the company increases operational efficiency, boosts process automation, and minimizes costs in the industrial environment.

ExoStructure is an IoT-driven platform and architecture that digitizes and facilitates medium- and low-voltage electrical distribution systems. With the launch of this new facility, Schneider Electric further reinforce its contribution to the Industry 4.0 agenda in the country by offering customers with a range of advantages of industrial digital transformation, such as increased safety and reliability, augmented performance, and preventive maintenance, and remote monitoring.

Research Methodology

The market study of the India 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. India Low Voltage DC Circuit Breaker Market Research and Analysis, By Type
2. India Low Voltage DC Circuit Breaker Market Research and Analysis, By Application

The Report covers:

• Comprehensive research methodology of the India 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 India low voltage DC circuit breaker market.
• Insights about market determinants which are stimulating the India 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