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Global DC Circuit Breaker Market to Grow at a CAGR of 6.02% During 2022-2027, Aided by the Growing Electricity Demands Worldwide

According to a new report by EMR titled, ‘Global DC Circuit Breaker Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 2.5 billion in 2020. The market is further expected to grow at a CAGR of 6.02% in the forecast period of 2022-2027.

The global market for DC circuit breaker is being driven by the rapid expansion of the renewable energy generation sector. This can be attributed to the growing government expenditure on the development of renewable energy generation plants to reduce the country’s dependence on fossil fuel-based energy resources. Moreover, the rising investments by the market players in the development of the HVDC transmission and distribution sector are anticipated to propel the market growth in the forecast period. The surging electricity demands and the rapidly expanding electricity network, fuelled by the growing urbanisation, are expected to further support this trend. Additionally, the rising investments in the modernisation of the electricity utility network are expected to favour the growth of the market in the forecast period.

The increasing focus of the leading market players on the development of advanced DC circuit breaker solutions that can be utilised in diverse applications is projected to positively impact the growth of the market in the forecast years. For instance, Schneider Electric SE (Euronext Paris: SU) offers the PowerPact 500VDC Thermal-Magnetic Circuit Breakers that provide overload protection to systems that use battery as their power source. Furthermore, ABB Ltd. (OTCMKTS: ABLZF) has developed the SACE Emax low voltage direct current air circuit breakers. This circuit breaker can protect a DC plant up to 5000A at 1000V DC with integrated electronic trip units.

Market Breakup by Voltage, Type, Insulation, End User, and Region:

  • The market is divided, based on voltage, into medium voltage and high voltage. 
  • On the basis of type, the market can be distributed into solid-state and hybrid.
  • Based on insulation, the market is segregated into vacuum and gas.
  • The market is segmented, on the basis of end user, into transmission and distribution utilities, power generation, renewables, and railways.
  • Region-wise, the global market for DC circuit breaker can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for DC circuit breaker is being driven by the rising electricity demands worldwide.
  • The growing expenditure on the modernisation of electric utility infrastructure and the rapid expansion of transmission network have significantly contributed to the market growth. 
  • The favourable government policies aimed at the development of renewable energy generation plants are further propelling the market forward.
  • The rising investments in the development of HVDC transmission and distribution network are expected to contribute to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for DC circuit breaker for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the voltage, types, insulation, end users, and regions of DC circuit breaker.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global DC circuit breaker market are ABB, Mitsubishi Electric Corporation, Larsen & Toubro, Rockwell Automation, and Entec Electric and Electronic, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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