Global Direct Current (DC) Circuit Breaker Market, By Voltage (Medium Voltage, High Voltage), Type (Solid-State, Hybrid), Insulation (Vacuum, Gas), End-User (Transmission and Distribution Utilities, Power Generation, Renewables, Railways) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, the global economy has grown at a breakneck pace. In addition, the expansion of solar power generation and the strengthening of the transmission and distribution sectors in this region have increased the market for direct current (DC) circuit breaker circuit breakers. Therefore, owing to such determinants the market is estimated to witness an accelerated growth over forecasted timeframe.
Global Direct Current (DC) Circuit Breaker Market was valued at USD 2.64 billion in 2021 and is expected to reach USD 4.12 billion by 2029, registering a CAGR of 5.7% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
The direct current (DC) circuit breaker is an electrical switch that protects a circuit from any damage caused by an excessive supply of electricity in a direct current circuit. A DC circuit breaker aims to identify a defect and interrupt the current flow. Circuit breakers that operate on direct current (DC) are fitted in fuse boxes with a rail specifically intended for them. They can be used to safeguard individual direct-current loads and main circuits such as inverters, solar PV arrays, and battery banks.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Voltage (Medium Voltage, High Voltage), Type (Solid-State, Hybrid), Insulation (Vacuum, Gas), End-User (Transmission and Distribution Utilities, Power Generation, Renewables, Railways)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ABB (Switzerland), Eaton (U.S.), SIEMENS (Germany), LARSEN & TOUBRO LIMITED (India), Hyundai Motors (South Korea), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), C&S Electric Limited (India), Hitachi Ltd., (Japan), Schneider Electric (France), Tavrida Electric (Russia), Fuji Electric Co. Ltd., (Japan), Powell Industries (U.S.), Sensata Technologies Inc., (U.S.) and ENTEC Electric and Electronic (South Korea)
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Market Opportunities
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Direct Current (DC) Circuit Breaker Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
End users are churning out the best of the direct current (DC) circuit breaker market sector and have the untapped potential to contribute to market expansion. Another important driver driving market expansion owing to end users is the growing demand for uninterrupted and dependable power and increased investment in railways. These parameters are largely driving the market scope during the forecast period.
Additionally, the rising investment in railways will also drive market value growth. The aging power infrastructure and the rising electrification projects are projected to bolster the market's growth.
Opportunities
- Investments and Adoption of Technology
Furthermore, the increase in investments in transportation and development of infrastructure extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the adoption of the high-voltage, direct current (HVDC) technology will further expand the future growth of the direct current (DC) circuit breaker market.
Restraints/Challenges
- High Installation Costs
The high cost of installation will create hindrances for the growth of the direct current (DC) circuit breaker market.
- Cybersecurity Issues
Also, the cybersecurity issues ae estimated to prove to be a demerit for the direct current (DC) circuit breaker market. Therefore, this will challenge the direct current (DC) circuit breaker market growth rate.
This direct current (DC) circuit breaker market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the direct current (DC) circuit breaker market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Direct Current (DC) Circuit Breaker Market
The recent outbreak of coronavirus had a negative impact on the direct current (DC) circuit breaker market. The severe disruptions in various manufacturing, as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease, led to huge financial setback for the market. The pandemic wreaked havoc on a variety of industries, including semiconductors, consumer electronics, travel, and automobiles. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Global Direct Current (DC) Circuit Breaker Market Scope
The direct current (DC) circuit breaker market is segmented on the basis of voltage, type, insulation and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Voltage
- Medium Voltage
- High Voltage
Type
- Solid-State
- Hybrid
Insulation
- Vacuum
- Gas
End-User
- Transmission and Distribution Utilities
- Power Generation
- Renewables
- Railways
Direct Current (DC) Circuit Breaker Market Regional Analysis/Insights
The direct current (DC) circuit breaker market is analyzed and market size insights and trends are provided by country, voltage, type, insulation and end-user as referenced above.
The countries covered in the direct current (DC) circuit breaker market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the direct current (DC) circuit breaker market because Nations like India and China are massively financing in electrification plans, settlement and up-gradation of enduring electrical channels to suffice the expanding requirement for power and electricity within the region.
On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the aging power infrastructure and the rising electrification projects within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Direct Current (DC) Circuit Breaker Market Share Analysis
The direct current (DC) circuit breaker market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to direct current (DC) circuit breaker market.
Some of the major players operating in the direct current (DC) circuit breaker market are
- ABB (Switzerland)
- Eaton (U.S.)
- SIEMENS (Germany)
- LARSEN & TOUBRO LIMITED (India)
- Hyundai Motors (South Korea)
- Mitsubishi Electric Corporation (Japan)
- Toshiba Corporation (Japan)
- C&S Electric Limited (India)
- Hitachi Ltd., (Japan)
- Schneider Electric (France)
- Tavrida Electric (Russia)
- Fuji Electric Co. Ltd., (Japan)
- Powell Industries (U.S.)
- Sensata Technologies Inc., (U.S.)
- ENTEC Electric and Electronic (South Korea)
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