Global Low Voltage DC Circuit Breaker Market

Global Low Voltage DC Circuit Breaker Market Size, Share, Growth Analysis, By Type(Miniature Circuit Breaker, Molded Case Circuit Breaker), By End-Use(Battery Systems, Data Centers) - Industry Forecast 2023-2030


Report ID: SQSG20D2015 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 65 | Figures: 71

Global Low Voltage DC Circuit Breaker Market Insights

Low Voltage DC Circuit Breaker Market size was valued at USD 3 billion in 2021 and is poised to grow from USD 3.16 billion in 2022 to USD 4.7 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

The reduction in solar installations put a stop to the market's expansion in line with the COVID-19 outbreak. The DC circuit breaker is a crucial part of the solar PV system, acting as a wall across direct current and alternating current. Over the course of the projected time frame, the market is estimated to propel by factors like increased electricity usage, an infusion of renewable energy sources into the energy mix, and growth in the number of data centers and electric vehicles. The market for low voltage DC circuit breakers is expected to develop over the coming periods, although it will likely be constrained by the greater stability of the electrical supply, which is decreasing the demand for circuit breaks.

The generation from renewable sources and expenditures on clean energy projects are now more important than ever. As a consequence, the market for low voltage DC circuit breakers is projected to experience exceptional growth in the future due to the substantial development of new renewable projects and rising power usage.

US Low Voltage DC Circuit Breaker Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 3 billion

Largest Segment

air circuit breaker

Fastest Growth

air circuit breaker

Growth Rate

5.2% CAGR

Global Low Voltage DC Circuit Breaker Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Low Voltage DC Circuit Breaker Market Size By type , 2021-2028 ($ Bn)
Global Low Voltage DC Circuit Breaker Market Size By Location type, 2021-2028 (%)

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Global Low Voltage DC Circuit Breaker Market Segmental Analysis

The global low voltage dc circuit breaker market segmentation is based on type, end-use, and region. Based on type the market is segmented into miniature circuit breaker, molded case circuit breaker and air circuit breaker. Based on end-use the market is segmented into battery systems, data centers, solar industry, transportation and others. Based on region the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Low Voltage DC Circuit Breaker Market Analysis by Type

In 2021, the molded case circuit breaker accounted for the largest market share in the global low voltage dc circuit breaker market. The Molded Case Circuit Breaker (MCCCB) is more dependable and affordable than its rivals thanks to its straightforward design and durability. The fact that MCCBs are more frequently used than Air Circuit Breakers (ACBs) and other low voltage DC circuit breakers is one of the main causes behind this. With the expansion of power generation and transmission systems, there is a growing preference for molded case circuit breakers. Furthermore, the business and industrial sectors consistently have a need for molded case circuit breakers. These circuit breakers are used to deliver power to industrial machinery including elevators, conveyors, cranes, etc.

Low Voltage DC Circuit Breaker Market Analysis by End-Use

During the forecast period, the data center end-user industry is projected to be the most prominent and rapidly developing section. It serves as the main building block for cloud storage apps and is essential to all digitization processes, such as smart grid and smart grid transportation.

Data centers will proliferate like weeds all around the globe to serve the bulk of current activities, which will be digitized for simplicity and dependability, mandating the use of DC and raising the market for low voltage DC circuit breakers.

Global Low Voltage DC Circuit Breaker Market By type, 2021 (%), 2021 (%)

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Global Low Voltage DC Circuit Breaker Market Regional Insights

In 2021, the global low voltage DC circuit breakers market is thought to be dominated by and developing the fastest in the Asia Pacific region. Increased reliance on alternative energy sources and increased investment in the construction of electric grids are credited for the region's rapid growth. Demand for DC circuit breakers is projected to increase as grid energy investment increases and electrification plans for rural regions of emerging economies are implemented. Furthermore, in countries like China and India, interest in renewable energy is growing.

As the repair and replacement of the current infrastructure is the primary necessity in the local market, North America is projected to be another big region with a sizable share.

On the other hand, the European market for low-voltage dc circuit breakers is predicted to expand rapidly, supported by both the developments in electronic systems technologies and the rising awareness of electrical mishaps in countries like Germany, Austria, and Switzerland.

Global Low Voltage DC Circuit Breaker Market By Geography, 2021-2028, 2023-2030
  • Largest
  • Fastest

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Global Low Voltage DC Circuit Breaker Market Dynamics

Low Voltage DC Circuit Breaker Market Driver

  • Offering reliable and comfortable power transmission and distribution systems is becoming more and more important as a result of energy infrastructure innovation and escalating modernization. Due to its capacity to increase the loads from such devices, low-voltage dc circuit breakers are now frequently utilized in digital equipment like laptops, stabilizers, and servers.
  • Due to reasons like rising investment in utility-scale renewable power plants and green energy initiatives, the renewable energy sector is the manufacturing industry that is expanding at the fastest rate. The need for equipment like low-voltage dc circuit breakers grows as a result of the fact that the production of renewable electricity is less reliable than the production of conventional power. To prevent harm to any power system, these systems are utilized in electrical installations.

Low Voltage DC Circuit Breaker Market Restraint

  • Low-voltage dc circuit breakers' inconsistent performance and cost of maintenance are two factors that have a severe impact on market growth. Additionally, it is predicted that the future expansion of the low-voltage dc circuit breaker market would be constrained by the uninterrupted and consistent reliability of the energy supply.
  • Some of the factors that may prevent the market expansion of DC circuit breakers during the growth phase include the high price associated with cybersecurity. Growing electrified programs, the use of HVDC technology, and deteriorating energy infrastructure will provide opportunities to overcome these obstacles and maintain the rate of growth for the DC circuit breaker market.

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Global Low Voltage DC Circuit Breaker Market Competitive Landscape

Major corporations dominate the global low voltage DC circuit breakers market. One of the primary methods used by the key manufacturers to promote their worldwide presence and products was the merger with local players along with contractual arrangements with the end-user. Major companies are investing more in research and development and new product releases. For instance, in January 2022, ABB India introduced Formula DIN-Rail, a comprehensive line of isolators, residual current circuit breakers, and tiny circuit breakers (MCBs) for India's D250 million electrical retail sector.

Top Players in the Global Low Voltage DC Circuit Breaker Market

  • ABB Ltd.
  • Eaton Corporation plc
  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Fuji Electric
  • Toshiba Corporation
  • Legrand SA
  • Larsen & Toubro Limited
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Hager Group
  • TE Connectivity Ltd.
  • Delta Electronics, Inc.
  • WEG Industries SA
  • CHINT Electric Co., Ltd

Low Voltage DC Circuit Breaker Market Recent Development

  • In June 2022, Schneider Electric introduced EvoPacT Circuit Breakers and Digitally Enabled SureSeT MV Switchgear for the North American market. With the support of the EvoPacT circuit breaker, this new and upgraded system replaces the Schneider Electric Masterclad solution for primary switchgear applications with a smaller, more robust, and intelligent solution for running daily digital operations.
  • In April 2021, the power distribution and transmission division of L&T Construction received several engineering, construction, and procurement orders from various business lines. These orders for transmission and substation lines have been received from a few ASEAN and Middle Eastern countries.

Global Low Voltage DC Circuit Breaker Key Market Trends

  • Over the course of the forecast, the low voltage DC circuit breaker market is estimated to propel the solar energy industry. In both small-scale and utility-sized solar companies, malfunctioning solar PV panels are isolated using low voltage circuit breakers. The market for low voltage circuit breakers is projected to be significantly impacted by the building of these developments. The main hotspots for solar PV and, consequently, low voltage DC circuit breakers are developed nations in North America and Europe and developing nations in Asia-Pacific.

Global Low Voltage DC Circuit Breaker Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, in the global low voltage dc circuit breakers market in 2021, molded case circuit breakers held the biggest market share. The data center end-user industry is expected to be the most significant and quickly growing sector throughout the forecast period. The Asia Pacific region is expected to dominate and see the quickest growth in the low voltage DC circuit breakers market in 2021.

Report Metric Details
Market size value in 2021 USD 3 billion
Market size value in 2030 USD 3.16 billion
Growth Rate 5.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker
  • End-Use
    • Battery Systems, Data Centers, Solar Industry, Transportation, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB Ltd.
  • Eaton Corporation plc
  • Schneider Electric SE
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Fuji Electric
  • Toshiba Corporation
  • Legrand SA
  • Larsen & Toubro Limited
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Hager Group
  • TE Connectivity Ltd.
  • Delta Electronics, Inc.
  • WEG Industries SA
  • CHINT Electric Co., Ltd
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Low Voltage DC Circuit Breaker Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Low Voltage DC Circuit Breaker Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Low Voltage DC Circuit Breaker Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Low Voltage DC Circuit Breaker Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Low Voltage DC Circuit Breaker Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Low Voltage DC Circuit Breaker Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Low Voltage DC Circuit Breaker Market size was valued at USD 3 billion in 2021 and is poised to grow from USD 3.16 billion in 2022 to USD 4.7 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Major corporations dominate the global low voltage DC circuit breakers market. One of the primary methods used by the key manufacturers to promote their worldwide presence and products was the merger with local players along with contractual arrangements with the end-user. Major companies are investing more in research and development and new product releases. For instance, in January 2022, ABB India introduced Formula DIN-Rail, a comprehensive line of isolators, residual current circuit breakers, and tiny circuit breakers (MCBs) for India's D250 million electrical retail sector. 'ABB Ltd.', 'Eaton Corporation plc', 'Schneider Electric SE', 'Siemens AG', 'Mitsubishi Electric Corporation', 'Fuji Electric', 'Toshiba Corporation', 'Legrand SA', 'Larsen & Toubro Limited', 'Rockwell Automation, Inc.', 'Emerson Electric Co.', 'Hager Group', 'TE Connectivity Ltd.', 'Delta Electronics, Inc.', 'WEG Industries SA', 'CHINT Electric Co., Ltd'

Offering reliable and comfortable power transmission and distribution systems is becoming more and more important as a result of energy infrastructure innovation and escalating modernization. Due to its capacity to increase the loads from such devices, low-voltage dc circuit breakers are now frequently utilized in digital equipment like laptops, stabilizers, and servers.

Over the course of the forecast, the low voltage DC circuit breaker market is estimated to propel the solar energy industry. In both small-scale and utility-sized solar companies, malfunctioning solar PV panels are isolated using low voltage circuit breakers. The market for low voltage circuit breakers is projected to be significantly impacted by the building of these developments. The main hotspots for solar PV and, consequently, low voltage DC circuit breakers are developed nations in North America and Europe and developing nations in Asia-Pacific.

In 2021, the global low voltage DC circuit breakers market is thought to be dominated by and developing the fastest in the Asia Pacific region. Increased reliance on alternative energy sources and increased investment in the construction of electric grids are credited for the region's rapid growth. Demand for DC circuit breakers is projected to increase as grid energy investment increases and electrification plans for rural regions of emerging economies are implemented. Furthermore, in countries like China and India, interest in renewable energy is growing.

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Global Low Voltage DC Circuit Breaker Market

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