The global low voltage DC circuit breaker market is expected to grow at a CAGR of 6.2% during the forecast period. Major factors contributing to the growth of the market include increasing electricity generation from renewable sources such as solar and wind, increasing investment in the grid-scale battery storage system and increasing shift towards decentralization of electricity generation. For instance, India has started its first grid-scale battery-based energy storage system in February 2019. As per the National Energy Administration’s (NEA), China has around 175 GW worth of solar PV capacity by January 2019. However, the high cost of renewable energy setup can act as a restraint to the growth of the market.

Segmental Outlook  

The low voltage DC circuit breaker market is segmented on the basis of type and application. By type, the market is segmented into air circuit breakers (ACB), molded case circuit breakers (MCCB) and miniature circuit breakers (MCB). These all are the automatic circuit breaker and perform protection function against direct overcurrent. Miniature circuit-breakers are equipped with permanent magnetic elements on the internal arcing chambers and allow the electric arc to be broken when the voltage reaches up to a particular limit.

Residential Segment Will Have the Highest Market Growth

By application, the low voltage DC circuit breaker market is segmented into residential, commercial and industrial. In residential, a DC circuit breaker is used in photovoltaic plants. The photovoltaic plant can be grid-connected or a stand-alone plant. In the commercial segment, a DC circuit breaker is used at the emergency services in a power backup plant. These services can not suffer a power failure such as hospitals, telecommunication, computer labs, and other emergency services. Some industrial applications need DC power which includes arc furnaces, electro welding plants, graphite manufacturing plants, metal production, and refining plants. The residential sector is expected to contribute significantly to the market growth owing to increasing reliance on electronic equipment in the residential sector.

Global Low Voltage DC Circuit Breakers Market Share by Application, 2018 (%)

Regional Outlook

The global low voltage DC circuit breaker market is further segmented on the basis of geography including North America (the US and Canada), Europe (UK, Germany, Italy, France, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and Rest of the World. North America is expected to have a significant share in the market due to the  investment in infrastructure, and the ability to spend on renewable resources. Residential energy storage system and smart grid system are developing significantly in the region, which is one of the major application markets for DC circuit breaker. Moreover, Europe is also expected to have a healthy growth rate. Major countries contributing to the growth of the market in Europe include the UK, Germany, France, Spain, and Italy.

Global Low Voltage DC Circuit Breaker Market Growth, by Region 2019-2025

Asia-Pacific Will Augment with Considerable Growth Rate

Asia-Pacific is expected to exhibit a considerable CAGR in the market during the forecast period. Major countries contributing to the regional growth of the market include China, India, and Japan. Continuous growth in economy and infrastructure, rising renewable energy market, and continuous development of the railway network are some of the major factors contributing to the growth of the market. In energy sector, developing economies such as China and India are investing a significant amount in renewable energy and developing policies in favor of renewable energy. For instance, in January 2016, India along with France has established International Solar Alliance, headquartered in New Delhi in order to maximize usage of solar energy and reduce dependency on fossil fuel. It has more than 200-member countries.

Market Players Outlook

Some of the players operating in the global low voltage DC circuit breakers market include ABB Ltd., Eaton Corp., Hitachi Industrial Equipment Systems Co., Ltd, Larsen and Toubro ltd., Schneider Electric S.E., and Siemens AG. These players are significantly contributing to the market growth. These companies are adopting various strategies for increasing their market share.

Major Activities

• In April 2019, ABB Ltd. has announced that it has developed a new solid-state circuit breaker concept. The company has used patented insulated gate-commutated transistor (IGCT) semiconductor technology. The product will be available commercially from 2020. The new circuit breaker will be able to meet new demanding requirements more quickly.
• In January 2018, Circuit Breaker Sales Co., Inc. has acquired Berthold Electric Power Services from Gus Berthold Electric Co. With this acquisition, the company is aimed at expanding its product portfolio to better serve their customer.
• In September 2017, ABB Ltd. acquired GE Industrial Solutions for $2.6 billion. The aim of the acquisition was to strengthen their market globally, especially in North America.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global low voltage DC circuit breaker market. Based on the availability of data, relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.