The US low voltage DC circuit breaker market is expected to grow at a CAGR of 7.6% during the forecast period. The US market in North America is dominating due to factors such as investments in R&D and high per-capita income of the population. The US comprises 24.3% of the global economy. The country invites advancement across every sector, including transportation, energy, healthcare, and IT and Telecom. Such wide advancements will hold the significant adoption of low voltage DC circuit breakers in electric vehicles and its charging stations, solar installations, data centers, and hospitals. 

The US is among the top countries in the world in electricity generated by solar energy and several of the world's largest utility-scale installations are located in the desert Southwest. The US is expected to contribute significantly due to the rise in the adoption of solar panel technology and to save electricity costs. As a result of the domestic manufacturing and advancing technology, the solar panel has become one of the most affordable means of sources of electricity in the US in the current scenario. Solar energy as a power source has also become one of the leading choices for the new generation by the utilities. In the US, there are numerous programs which are promoting the growth of solar installations. 

Solar power production incentive act 1990 is an amendment to the PURPA of 1978 and the Federal Power Act. The main purpose is to remove the size limitations placed on renewable energy facilities, such as solar and wind, in order to receive PURPA benefits. This will encourage the development of renewable energy production, thereby encouraging the installation of rooftop solar panels in the near future. This, in turn, will support the adoption of low voltage DC circuit breaker. Solar panels are connected in series circuits, and one installation may have one or more circuits as per its capacity. The circuits are connected to a PV combiner box, where each is protected by a DC circuit breaker.

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 March 2017, ABB Ltd. introduced Emax 2 low-voltage air circuit breakers for microgrid management in the US. The launch of this solution will make it easier to improve control and connectivity and upgrade the power network of any facility. This launch will enable the company to expand its market share in the US.

Research Methodology

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

The Report covers:

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