Low Voltage DC Circuit Breaker Market

Market Overview:

The global low voltage DC circuit breaker market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.09% during 2024-2032. Continual upgradation and modernization of outdated energy infrastructures, rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, and higher adoption of low voltage DC circuits to power motors in passenger and commercial vehicles represent some of the key factors driving the market.

Electric circuit breakers are a vital part of the modern electrical power distribution system that operates at 50/60 Hz and can handle loads between 100V and 15000V. It is an electromechanical switch that breaks the circuit manually or automatically under abnormal conditions such as over current, over voltage, and short circuits. A continuity interrupter interrupts the flow of electricity by isolating parts of an electrical distribution system under abnormal conditions. Circuit breakers of this type of can be reset manually or electronically to resume normal operation, and they are capable of working at up to 1,000 voltage ratings. Instead of a fuse, which needs to be operated once and needs replacement, a low voltage circuit breaker can be reset multiple times to effectively resume normal options. In addition to providing system protection, it enables different components of the electrical distribution to be isolated for maintenance and operations.

Low Voltage DC Circuit Breaker Market Trends:

The global market is primarily driven by the rising product demand in various end-use applications, including electric locomotives, electric vehicles, data centres, and thyristor switched capacitor banks. This can be attributed to the increasing need for molded case circuit breakers with considerable increase in power distribution and generation equipment. The rapid utilization of low-voltage DC circuit breakers to enhance the loads from digital devices, including computers, stabilizers, and servers, are resulting in a higher uptake in consumer electronic devices. The continual upgradation and modernization of outdated energy infrastructures for safer electricity delivery systems is also impacting the market positively. However, the initial high costs associated with the installation and maintenance processes are acting as one of the major restraints to market growth. Conversely, the development of various newer electric vehicle models to reduce traffic congestion and pollution levels is resulting in a higher adoption of low voltage DC circuits to power motors on passenger and commercial vehicles. Furthermore, the augmenting demand for decentralized power distribution and stability in the generation of renewable power is creating a positive outlook for the market. Additionally, the growing usage of low-voltage DC circuit breaker in photovoltaic solar panels and battery powered electric circuits that work with direct current is providing an impetus to the market. Some of the other factors contributing to the market include the growing global energy demand, continual product innovations, and extensive research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global low voltage DC circuit breaker market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, application and end user.

Type Insights

• Air Circuit Breaker
• Molded Case Circuit Breaker
• Others
   

The report has provided a detailed breakup and analysis of the low voltage DC circuit breaker market based on the type. This includes air circuit breaker, molded case circuit breaker, and others. According to the report, molded case circuit breaker represented the largest segment.

Application Insights

• Battery System
• Data Centers
• Solar Energy
• Transportation
• Others
   

The report has provided a detailed breakup and analysis of the low voltage DC circuit breaker market based on the application. This includes battery system, data centers, solar energy, transportation, and others. According to the report, data centers represented the largest segment.

End User Insights

• Industrial
• Commercial
• Others
   

A detailed breakup and analysis of the low voltage DC circuit breaker market based on the end user has also been provided in the report. This includes industrial, commercial, and others.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for low voltage DC circuit breaker. Some of the factors driving the Asia Pacific low voltage DC circuit breaker market include continual upgradation and modernization of outdated energy infrastructures, growing usage of low-voltage DC circuit breaker in photovoltaic solar panels and battery powered electric circuits, the augmenting demand for decentralized power distribution, etc.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the global low voltage DC circuit breaker market. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Eaton Corporation plc, Fuji Electric FA Components & Systems Co. Ltd. (Fuji Electric Co.Ltd.), Hitachi Ltd., Hyundai Electric and Energy Systems Co. Ltd., Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Sensata Technologies Inc., Siemens AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global low voltage DC circuit breaker market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global low voltage DC circuit breaker market?
• What are the key regional markets?
• Which countries represent the most attractive low voltage DC circuit breaker markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end user?
• What is the competitive structure of the global low voltage DC circuit breaker market?
• Who are the key players/companies in the global low voltage DC circuit breaker market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the low voltage DC circuit breaker market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global low voltage DC circuit breaker market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the low voltage DC circuit breaker industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.