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Low Voltage DC Circuit Breaker Market by End User (Battery Systems, Transportation, and Others), Application (Industrial, Commercial, and Others), Type (Air Circuit Breaker, Molded Case Circuit Breaker, and Others) and Region - Global Forecast to 2024

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Date: 15-May-2019
No. of pages: 166
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“The global low voltage DC circuit breaker market is projected to grow at a CAGR of 5.68% from 2019 to 2024.”

The global low voltage DC circuit breaker market is projected to reach USD 1.5 billion by 2024 from an estimated USD 1.2 billion in 2019, at a CAGR of 5.68%. This growth can be attributed to factors such as expansion in transmission & distribution networks and up gradation & modernization of aging infrastructure for safe and secure electrical distribution systems along with the increased emphasis of generation of electrical energy by means of renewable such as solar. However, risks associated with device malfunction and lack of existing government policies specific to low voltage DC circuit breakers is hindering the growth of the low voltage DC circuit breaker market.

“The others segment is expected to be the fastest growing market from 2019 to 2024.”

The others segment, by application, is estimated to be the largest as well as the fastest growing segment during the forecast period, as the dependence on electronic equipment in the residential sector has been increasing very fast that require low voltage Direct Current (DC) for their operations. With most of the existing electrical infrastructure expected to undergo a massive revamp in the near future, for instance, electricity distribution infrastructure in the US is believed to be from the world war 2 era, thus needs to be revamped. Also, in the Asia pacific in order to incorporate the electricity generated from renewable energy sources the infrastructure needs to be revamped. All this will ensure that the low voltage dc circuit breaker installations go up.

“The battery systems segment, by end-user, is expected to be the largest market from 2019 to 2024.”

The battery systems segment is expected to hold the largest market share and is expected to be the fastest growing segment during the forecast period because of large scale energy storage projects coming up in the future, globally. This is bound to be supported by the ever-increasing electricity generation from renewable energy sources because of the ever-rising demand for power throughout the world. All of this is ultimately expected to drive the market during the forecast period.

“The molded case circuit breaker segment, by type, is expected to be the largest market from 2019 to 2024.”

The molded case circuit breaker segment is expected to hold the largest market share during the forecast period as a vast majority of low voltage DC circuit breaker applications deploy this type of circuit breaker owing to the ease of installation, reliability of operation, and low price when compared with other options. Electricity distribution substations and industries like transportation, chemical, mining, and marine are in demand for equipment operating in the low to medium voltage segment. Hence maximum low voltage DC circuit breakers lie in this voltage rating segment.

“Asia Pacific: The largest market for low voltage DC circuit breakers.”

The Asia Pacific region is expected to be the largest market for low voltage DC circuit breakers, by 2024. Countries such as China, Japan, and South Korea are among the major countries which are considered as the main manufacturing hubs for low voltage DC circuit breakers. Over the past few years, this region has witnessed a high rate of economic development due to a large number of manufacturing and industrial units coming up. Also, the growth of the electricity generation from renewable energy sources in this region results in an increase in the low voltage DC circuit breaker market. The renewable energy generation in countries like China, South Korea, Japan, and India, is taking place at a rapid rate, this needs to be incorporated in the existing national grid which would need additional electrical infrastructure, thereby driving the low voltage DC circuit breaker market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 52%, Tier 27%, and Tier 21%

  • By Designation: C-Level- 31%, Director Level- 34%, and Others- 35%

  • By Region: Asia Pacific- 48.3%, Europe- 11.9%, North America- 15.1%,Middle East and Africa- 22.5%, South America- 2.2%      


Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is definedon the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: < USD 500 million.

The global low voltage DC circuit breaker market is dominated by a few major players that have a wide regional presence. The leading players in the low voltage DC circuit breaker market are ABB (Switzerland), Eaton (US), SIEMENS AG (Germany), Shaanxi Baoguang Vacuum Electric Device Company Limited (China), and Meidensha Corporation (China).

The report defines, describes, and forecasts the global low voltage DC circuit breaker market, by end user, by application, by type, and by region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the low voltage DC circuit breaker market.

Why Buy this Report?


  • The report identifies and addresses key markets for low voltage DC circuit breakers, which would help various stakeholders such as battery systems; data centers; solar industry; key players from the transportation; and mining, marine & chemical industry, sector to review the growth in demand.

  • The report helps low voltage DC circuit breaker manufacturers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and help themin making better strategic decisions.

Low Voltage DC Circuit Breaker Market by End User (Battery Systems, Transportation, and Others), Application (Industrial, Commercial, and Others), Type (Air Circuit Breaker, Molded Case Circuit Breaker, and Others) and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.1.1 Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Assumptions
2.1.2.2 Calculation
2.1.3 Forecast
2.2 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Low Voltage DC Circuit Breaker Market During the Forecast Period
4.2 Low Voltage DC Circuit Breaker Market, By Region
4.3 Low Voltage DC Circuit Breaker Market, By Type
4.4 Low Voltage DC Circuit Breaker Market, By End-User
4.5 Low Voltage DC Circuit Breaker Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Generation of Electricity From Renewable Energy Sources
5.2.1.2 Increasing Investments in Smart Grids to Ensure Grid Stability
5.2.1.3 Shift Toward Decentralized Power Generation & Energy Storage
5.2.2 Restraints
5.2.2.1 Inconsistencies Leading to Vulnerability Causing Operational Failures
5.2.2.2 Lack of Existing Government Policies Specific to Low Voltage DC Circuit Breakers
5.2.3 Opportunities
5.2.3.1 Development of Smart Cities & Electric Vehicles
5.2.3.2 Replacement of Old & Aging Electrical Infrastructure
5.2.3.3 Demand for Uninterrupted Power Supply From Utilities
5.2.4 Challenges
5.2.4.1 Expensive When Compared to Alternative Products
5.2.4.2 Concerns About the Cybersecurity of the Power Grid

6 Low Voltage DC Circuit Breaker Market, By Type
6.1 Introduction
6.2 By Type
6.2.1 Air Circuit Breaker
6.2.1.1 Finds Usage Mostly in Commercial Segments
6.2.2 Molded Case Circuit Breaker
6.2.2.1 Mostly Used in the Low Voltage Category
6.2.3 Others

7 Low Voltage DC Circuit Breaker Market, By Application
7.1 Introduction
7.2 By Application
7.2.1 Industrial
7.2.1.1 Increasing Automation is Likely to Drive the Market
7.2.2 Commercial
7.2.2.1 Growing Commercial Areas Globally Would Drive the Market
7.2.3 Others

8 Low Voltage DC Circuit Breaker Market, By End-User
8.1 Introduction
8.2 End-User
8.2.1 Battery System
8.2.1.1 Battery System Segment is Expected to Experience Huge Growth in Asia Pacific and North American Markets
8.2.2 Data Center
8.2.2.1 With Increasing Digitization, the Segment is Expected to Develop Massively
8.2.3 Solar
8.2.3.1 The Major Segment Driving the Renewables Market Ahead
8.2.4 Transportation
8.2.4.1 Charging Stations for Electric Vehicles are Expected to Have Massive Investments in North America and Europe
8.2.5 Others

9 Low Voltage DC Circuit Breaker Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Major Capacity Building is Expected to Take Place in the Energy Storage and Renewables Space
9.2.2 India
9.2.2.1 India has Increased Its 2022 Renewables Target and has Projects Lined Up in Data Systems and Battery Storage
9.2.3 Japan
9.2.3.1 Major Investments are Expected in the Development of Electrical and Transportation Infrastructure
9.2.4 South Korea
9.2.4.1 Major Investments in Data Centers are Expected to Drive the Market Forward
9.2.5 Rest of Asia Pacific
9.3 North America
9.3.1 US
9.3.1.1 Major Investments are Expected in Revamping Infrastructure and in Building New Data Centers
9.3.2 Canada
9.3.2.1 The Government is Strongly Supporting the Development of Energy Storage Technology
9.3.3 Mexico
9.3.3.1 Increased Dependency on Renewable Sources to Fulfil Its Electricity Needs
9.4 Europe
9.4.1 Germany
9.4.1.1 The Renewable Energy Capacity Development is Supported By Developing Smart Grids, Eventually Forming an Attractive Market
9.4.2 Russia
9.4.2.1 Major Developments Related to Energy Storage Technology Taking Place in the Transportation Sector
9.4.3 UK
9.4.3.1 Major Investment is Expected in the Underground Railways and Tube Infrastructure
9.4.4 France
9.4.4.1 France is Strengthening Its Foothold in the Data Economy Through the Installation of New Data Centres
9.4.5 Rest of Europe
9.5 South America
9.5.1 Brazil
9.5.1.1 Brazil to Make Massive Investments in the Data Storage Front, Supporting Its IT Infrastructure
9.5.2 Argentina
9.5.2.1 Argentinian Government is Expected to Promote the Renewables and Railway Sector
9.5.3 Chile
9.5.3.1 Chile is Set to Get Its First Major Investment in Data Centers, Followed By A Push in the Renewables and Data Centers Segment
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 United Arab Emirates (UAE)
9.6.1.1 UAE is Taking Gigantic Leaps in Connecting Solar With Digital Energy Storage Systems
9.6.2 Saudi Arabia
9.6.2.1 Google has Set Eyes on the Country to Build Its Data Infrastructure
9.6.3 Kuwait
9.6.3.1 A Fresh Boost for Renewables is Expected in Kuwait
9.6.4 South Africa
9.6.4.1 Electric Vehicle Charging Stations are Expected to Gain A Major Push in South Africa
9.6.5 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Competitive Landscape Mapping, 2018
10.4 Competitive Scenario
10.4.1 Contracts & Agreements
10.4.2 Investments & Expansions
10.4.3 Mergers & Acquisitions
10.4.4 Others

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 ABB
11.2 Eaton
11.3 Schneider Electric
11.4 Tavrida Electric
11.5 Hitachi
11.6 Fuji Electric
11.7 Powell Industries
11.8 Sensata Technologies
11.9 SIEMENS AG
11.10 C&S Electric
11.11 Hyundai Electric & Energy Systems Company
11.12 Mitsubishi Electric Corporation
11.13 Larsen & Toubro
11.14 Rockwell Automation
11.15 Entec Electric & Electronic

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Installed Capacity of Key End-User Industries and Investments in Power Distribution, Solar Installations, Energy Storage, Data Centers, and Ev Charging Infrastructure Installations are the Determining Factors for the Global Low Voltage DC Circuit Breaker Market
Table 2 Global Low Voltage DC Circuit Breaker Market Snapshot
Table 3 Low Voltage DC Circuit Breaker Market Size, By Type, 2017–2024 (USD Million)
Table 4 Air Circuit Breaker: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 5 Molded Case Circuit Breaker: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 6 Others: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 7 Low Voltage DC Circuit Breaker Market Size, By Application, 2017–2024 (USD Million)
Table 8 Industrial: Low Voltage DC Circuit Breaker Market, By Region, 2017–2024 (USD Million)
Table 9 Commercial: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 10 Others: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 11 Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 12 Battery System: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 13 Data Center: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 14 Solar: Low Voltage DC Circuit Breaker Market Size, Region, 2017–2024 (USD Million)
Table 15 Transportation: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 16 Others: Low Voltage DC Circuit Breaker Market Size, By Region, 2017–2024 (USD Million)
Table 17 Low Voltage DC Circuit Breaker Market Size, By Region, 2019–2024 (USD Million)
Table 18 Asia Pacific: Low Voltage DC Circuit Breaker Market Size, By Country, 2019–2024 (USD Million)
Table 19 Asia Pacific: Low Voltage DC Circuit Breaker Market Size, By Type, 2019–2024 (USD Million)
Table 20 Asia Pacific: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 21 Asia Pacific: Low Voltage DC Circuit Breaker Market Size, By Application, 2019–2024 (USD Million)
Table 22 China: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 23 India: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 24 Japan: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 25 South Korea: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 26 Other Countries in Asia Pacific: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 27 North America: Low Voltage DC Circuit Breaker Market Size, By Country, 2017–2024 (USD Million)
Table 28 North America: Low Voltage DC Circuit Breaker Market Size, By Type, 2017–2024 (USD Million)
Table 29 North America: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 30 North America: Low Voltage DC Circuit Breaker Market Size, By Application, 2017–2024 (USD Million)
Table 31 US: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 32 Canada: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 33 Mexico: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 34 Europe: Low Voltage DC Circuit Breaker Market Size, By Country, 2017–2024 (USD Million)
Table 35 Europe: Low Voltage DC Circuit Breaker Market Size, By Type, 2017–2024 (USD Million)
Table 36 Europe: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 37 Europe: Low Voltage DC Circuit Breaker Market Size, By Application, 2017–2024 (USD Million)
Table 38 Germany: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 39 Russia: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 40 UK: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 41 France: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 42 Rest of Europe: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 43 South America: Low Voltage DC Circuit Breaker Market Size, By Country, 2017–2024 (USD Million)
Table 44 South America: Low Voltage DC Circuit Breaker Market Size, By Type, 2017–2024 (USD Million)
Table 45 South America: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 46 South America: Low Voltage DC Circuit Breaker Market Size, By Application, 2017–2024 (USD Million)
Table 47 Brazil: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 48 Argentina: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 49 Chile: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 50 Rest of South America: Low Voltage DC Circuit Breaker Market Size, By End-User, 2017–2024 (USD Million)
Table 51 Middle East & Africa: Low Voltage DC Circuit Breaker Market Size, By Country, 2019–2024 (USD Million)
Table 52 Middle East & Africa: Low Voltage DC Circuit Breaker Market Size, By Type, 2019–2024 (USD Million)
Table 53 Middle East & Africa: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 54 Middle East & Africa: Low Voltage DC Circuit Breaker Market Size, By Application, 2017–2024 (USD Million)
Table 55 UAE: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 56 Saudi Arabia: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 57 Kuwait: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 58 South Africa: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 59 Rest of Middle East & Africa: Low Voltage DC Circuit Breaker Market Size, By End-User, 2019–2024 (USD Million)
Table 60 Schneider Electric, the Most Active Player in the Low Voltage DC Circuit Breaker Market Between 2016 and 2019

List of Figures

Figure 1 Asia Pacific Held the Largest Share in the Low Voltage DC Circuit Breaker Market in 2018
Figure 2 Molded Case Circuit Breaker Segment is Expected to Dominate the Low Voltage DC Circuit Breaker Market, By Type, From 2019 to 2024
Figure 3 Solar Segment is Expected to Dominate the Low Voltage DC Circuit Breaker Market, By End-User, From 2019 to 2024
Figure 4 Commercial Segment is Expected to Dominate the Low Voltage DC Circuit Breaker Market, By Application , From 2019 to 2024
Figure 5 Increased Emphasis on Renewables and Electric Vehicles is Expected to Drive the Low Voltage DC Circuit Breaker Market, 2019–2024
Figure 6 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 7 Molded Case Circuit Breaker Segment Dominated the Asia Pacific Low Voltage DC Circuit Breaker Market During the Forecast Period
Figure 8 End-User Segment Market Share, From 2019–2024
Figure 9 Commercial Segment is Estimated to Lead the Low Voltage DC Circuit Breaker Market During the Forecast Period
Figure 10 Low Voltage DC Circuit Breaker Market: Drivers, Restraints, Opportunities, and Challenges
Figure 11 Rise in Global Investments in the Field of Renewable Energy
Figure 12 Projected Share of Renewables in Electricity, 2017–2023 (%)
Figure 13 Investment in Smart Distribution Networks, By Country
Figure 14 Grid Connected Energy Storage Market: Expected Growth
Figure 15 Global Investment in Electric Vehicles & Government Subsidies
Figure 16 Low Voltage DC Circuit Breaker Market, By Type, 2019–2024 (USD Million)
Figure 17 Low Voltage DC Circuit Breaker Market, By Application, 2019–2024 (USD Million)
Figure 18 Low Voltage DC Circuit Breaker Market, By End-User, 2019–2024 (USD Million)
Figure 19 Low Voltage DC Circuit Breaker Market Size, By Region, 2019–2024
Figure 20 Regional Snapshot: Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Low Voltage DC Circuit Breaker Market Share (Value), By Region, 2024
Figure 22 Asia Pacific: Regional Snapshot
Figure 23 North America: Regional Snapshot
Figure 24 Key Developments in the Low Voltage DC Circuit Breaker Market, 2016–2019
Figure 25 ABB Led the Low Voltage DC Circuit Breaker Market in 2018
Figure 26 Low Voltage DC Circuit Breaker Market (Global) Competitive Landscape Mapping, 2018
Figure 27 ABB: Company Snapshot
Figure 28 Eaton: Company Snapshot
Figure 29 Schneider Electric: Company Snapshot
Figure 30 Hitachi: Company Snapshot
Figure 31 Fuji Electric: Company Snapshot
Figure 32 Powell Industries: Company Snapshot
Figure 33 Sensata Technologies: Company Snapshot
Figure 34 SIEMENS AG: Company Snapshot
Figure 35 Hyundai Electric and Energy Systems: Company Snapshot
Figure 36 Mitsubishi Electric Corporation: Company Snapshot
Figure 37 Larsen & Toubro: Company Snapshot
Figure 38 Rockwell Automation: Company Snapshot

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