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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:
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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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