WASHINGTON, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The Global Low Voltage DC Circuit Breaker Market size is expected to reach over USD 4.91 Billion by 2028, exhibiting a CAGR of 5.4% during the forecast period.
Market Synopsis
Low Voltage DC Circuit Breakers have their application in numerous industries like, data centres, battery systems, transportation, and solar industry. Additionally, low voltage DC circuit breaker application in industries such as mining, chemical industries, and marine applications is also supporting the growth of the market. Also, it has broad application in residential and commercial purposes. Hence, it is anticipated to see a substantial growth in the market in the coming years, states Vantage Market Research, in a report, titled “Low Voltage DC Circuit Breaker Market by Type (Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker), by Application (Energy Allocation, Shut-off Circuit, Others), by End-Use (Residential, Commercial, Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/low-voltage-dc-circuit-breaker-market-1130/request-sample
(The Free Sample Of This Report Is Readily Available On Request).
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 130+ Pages Research Report (Including latest research)
- Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
List Of Prominent Players in the Low Voltage DC Circuit Breaker Market:
- Eaton (US)
- ABB (Switzerland)
- Larsen and Toubro (India)
- SIEMENS AG (Germany)
- Hyundai Electric (South Korea)
- Toshiba Corporation (Japan)
- Mitsubishi Electric Corporation (Japan)
- Hitachi (Japan)
- C&S Electric (India)
- Schneider Electric (France)
- Powell Industries (US)
- Sensata Technologies (US)
- Tavrida Electric (Russia)
- Fuji Electric (Japan)
Market Dynamics:
Driver: Increasing Rate of Urbanization & Industrialization and Electrification Projects
Since recent times, the urbanization & industrialization is booming on its wildest level globally. Along with this, renewable energy sources demand, mining, marine applications, and chemical industries is also rising. Hence, expanding the low voltage DC circuit breakers demand; further driving the market growth for low voltage DC circuit breaker.
Furthermore, government in various nations is taking various initiatives to motivate people concerning the use of green energy and to achieve sustainable environment. Additionally, increasing demand from various industries is offering an opportunity to many key players forcing them to rise spending and production. Hence, to get a hold of the opportunity; key players and government are investing heavily which is expected to boost the market over the forecast period.
Opportunities: Rise in Trend of Solar Energy
The solar energy industry is likely to witness substantial growth, owing to determinants like rising number of utility size projects, increasing solar energy share in total electricity generation, and rising clean energy demand in the forecast period.
Another determinant adding to the market growth of the solar sector is the substantial drop in the CAPEX needed for setting up projects which are renewable like solar and wind projects. For instance, in the last four decades solar PV modules cost have collapsed around 99%, and are anticipated to continue to decrease in the coming years, due to solar panel production technologies advancement, and solar panels production on large scale.
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/low-voltage-dc-circuit-breaker-market-1130/1
Benefits of Purchasing Low Voltage DC Circuit Breaker Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
Regional Trends
Asia Pacific is anticipated to be the largest market in the forecast period. Countries such as Japan, China, and South Korea, Others are major nations which are treated as the key manufacturing hubs for the market. In recent years, this region has seen a quick economic development. Additionally, solar power generation growth and strengthening of the distribution and transmission sectors is resulting in a rise in the market for low voltage dc circuit breaker.
Rise in the electricity demand coupled with a need to curb pollutants which are emitted by fossil fuels when they are burned for power generation and it has made a way for renewable energy.
Recent Developments
- April, 2021: Power distribution & transmission business of L&T Construction has bagged various procurement, engineering, and construction orders across numerous business lines. These orders have been taken from certain nations of the ASEAN and the Middle East for transmission and substations lines.
- Feb, 2019: ABB was awarded with a contract by Indian Railways under which it has to supply traction control equipment to the Indian Railways for converting diesel locomotives to electric ones. The traction control units would be manufactured in the Nelamangala plant in Bengaluru in India.
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/low-voltage-dc-circuit-breaker-market-1130
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Low Voltage DC Circuit Breaker Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2021 & 2022
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Browse market data Tables and Figures spread through 135 Pages and in-depth TOC on "Low Voltage DC Circuit Breaker Market by Type (Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker), by Application (Energy Allocation, Shut-off Circuit, Others), by End-Use (Residential, Commercial, Others), by Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/low-voltage-dc-circuit-breaker-market-218441
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Low Voltage DC Circuit Breaker Market?
- How will the Low Voltage DC Circuit Breaker Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Low Voltage DC Circuit Breaker Market?
- What is the Low Voltage DC Circuit Breaker market drivers and restrictions?
- What will be the CAGR and size of the Low Voltage DC Circuit Breaker Market throughout the forecast period?
The report on Low Voltage DC Circuit Breaker Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
This market titled “Low Voltage DC Circuit Breaker Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 3.29 Billion |
| Projected Market Size in 2028 | USD 4.91 Billion |
| CAGR Growth Rate | CAGR of 5.4% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 – 2020 |
| Forecast Years | 2022 – 2028 |
| Segments Covered | Type:- Miniature Circuit Breaker, Molded Case Circuit Breaker, Air Circuit Breaker Application:- Energy Allocation, Shut-off Circuit, Others End-Use :- Residential, Commercial, Others |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/low-voltage-dc-circuit-breaker-market-1130/request-sample
Browse More Related Report:
- Molded Case Circuit Breakers Market:- https://www.vantagemarketresearch.com/industry-report/molded-case-circuit-breakers-market-1229
- Laminated Busbar Market:- https://www.vantagemarketresearch.com/industry-report/laminated-busbar-market-1207
- 3D Printing Ceramic Market:- https://www.vantagemarketresearch.com/industry-report/3d-printing-ceramic-market-1190
- Silicon Photonics Market:- https://www.vantagemarketresearch.com/industry-report/silicon-photonics-market-1168
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
- https://bwsc.kr/
- https://makitirapide.com/
- https://www.globalresearchwire.com/
- https://marketstrades.com/
- https://v-mr.biz/
