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Global DC Circuit Breaker Market Size, Share, Forecast: By Voltage: Medium Voltage, High Voltage; By Type: Solid-State, Hybrid; By Insulation: Vacuum, Gas; By End User: Transmission and Distribution Utilities, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global DC Circuit Breaker Market Outlook
The global DC circuit breaker market reached a value of about USD 2.98 billion in 2023. The industry is further expected to grow at a CAGR of about 6.2% in the forecast period of 2024-2032 to reach a value of around USD 5.12 billion by 2032.
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The Asia Pacific to be a Significant Regional Market for DC Circuit Breaker
The Asia Pacific was one of the major regional markets for DC circuit breaker in the historical period and is expected to grow at a healthy pace during the forecast period, with most of the demand coming from China and India. China and India are heavily investing in electrification projects, grid energy, and in the moderation and upgradation of existing electric networks to meet the growing electricity demand. These countries are starting to put a renewed emphasis on renewable energy sources as well. These factors have been supporting the growth of the DC circuit breaker industry in the overall Asia Pacific region.
The Asia Pacific is one of the fastest growing regional markets globally because of the increasing population, urbanisation, and industrialisation. As a result, the demand for a guaranteed power supply is high, leading to an increased demand for DC circuit breaker. The upcoming power generation sources are expected to push the growth of new transmission and distribution lines, increasing the requirements for DC circuit breakers. Rapid economic development, the rising demand for solar energy generation, and the growing demand for reliable and secure power supply are expected to drive the growth of the DC circuit breaker industry within the region.
DC Circuit Breaker: Market Segmentation
An electrical switch that protects the circuit from any damage caused by an excessive supply of current in the circuit operated with direct current is known as a DC circuit breaker. The function of the DC circuit breaker is to detect the fault and to interrupt the flow of the current.
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By voltage, the market can be divided into:
- Medium Voltage
- High Voltage
Based on type, the market is segmented into:
- Solid-State
- Hybrid
On the basis of insulation, the market is birfurcated into:
- Vacuum
- Gas
The end users of the market are:
- Transmission and Distribution Utilities
- Power Generation
- Renewables
- Railways
The regional markets for DC circuit breaker can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Renewable Energy Sector Aiding the Market Growth of DC Circuit Breaker
The renewable energy sector is expected to grow significantly during the forecast period, owing to factors such as the rising renewable electricity share of the total electricity generation, an increasing number of utility-scale renewable projects, and the rising demand for clean energy. One of the primary drivers of the renewable energy sector is the rising demand for clean energy and, thus, is one of the factors driving the growth of DC circuit breakers in the sector. Another factor that has contributed to the growth of the renewable energy sector is the significant reduction in the CAPEX required to set up renewable energy projects such as wind and solar projects. For example, the cost of solar photovoltaic modules has dropped dramatically over the last four decades, and due to advancements in solar panel production technologies and mass production of solar panels, this trend is expected to continue in the forecast period.
The market growth of DC circuit breaker can be attributed to the growth in the electrical network infrastructure, increasing investments in the transmission and distribution infrastructure, increasing demand for reliable and secure power supply, and the increasing investments in renewable power generation, high precision industrial machines and welding and LED lighting.
Key Industry Players in the Global DC Circuit Breaker Market
The report gives a detailed analysis of the following key players in the global DC circuit breaker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB
- Mitsubishi Electric Corporation
- Larsen & Toubro
- Rockwell Automation
- Entec Electric and Electronic
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
|
| Breakup by Type |
|
| Breakup by Insulation |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
DC Circuit Breaker Market Report Snapshots
DC Circuit Breaker Market Size
DC Circuit Breaker Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global DC Circuit Breaker Market Analysis
8.1 Key Industry Highlights
8.2 Global DC Circuit Breaker Historical Market (2018-2023)
8.3 Global DC Circuit Breaker Market Forecast (2024-2032)
8.4 Global DC Circuit Breaker Market by Voltage
8.4.1 Medium Voltage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 High Voltage
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global DC Circuit Breaker Market by Type
8.5.1 Solid-State
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hybrid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global DC Circuit Breaker Market by Insulation
8.6.1 Vacuum
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Gas
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global DC Circuit Breaker Market by End User
8.7.1 Transmission and Distribution Utilities
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Power Generation
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Renewables
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Railways
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.8 Global DC Circuit Breaker Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America DC Circuit Breaker Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe DC Circuit Breaker Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific DC Circuit Breaker Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America DC Circuit Breaker Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa DC Circuit Breaker Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Mitsubishi Electric Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Larsen & Toubro
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rockwell Automation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Entec Electric and Electronic
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global DC Circuit Breaker Market: Key Industry Highlights, 2018 and 2032
2. Global DC Circuit Breaker Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3. Global DC Circuit Breaker Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4. Global DC Circuit Breaker Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global DC Circuit Breaker Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global DC Circuit Breaker Historical Market: Breakup by Insulation (USD Billion), 2018-2023
7. Global DC Circuit Breaker Market Forecast: Breakup by Insulation (USD Billion), 2024-2032
8. Global DC Circuit Breaker Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global DC Circuit Breaker Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global DC Circuit Breaker Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global DC Circuit Breaker Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America DC Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America DC Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe DC Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe DC Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific DC Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific DC Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America DC Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America DC Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa DC Circuit Breaker Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa DC Circuit Breaker Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global DC Circuit Breaker Market Structure
Key Questions Answered in the Report
In 2023, the global DC circuit breaker market attained a value of nearly USD 2.98 billion in 2023.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.12 billion by 2032.
The major drivers of the market include the rising demand for reliable and secure power supply and growing investments in electrification projects.
The key trends fuelling the market growth are the growing demand for clean energy, technological advancements in power devices, and the increasing investments in the transmission and distribution infrastructure.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on voltage of DC circuit breaker considered in the market report are medium voltage and high voltage.
The significant types of DC circuit breaker in the market are solid-state and hybrid.
Vacuum and gas are the different segments based on insulation of DC circuit breaker considered in the market report.
The various end users of the product are transmission and distribution utilities, power generation, renewables, and railways.
The major players in the market are ABB, Mitsubishi Electric Corporation, Larsen & Toubro, Rockwell Automation, and Entec Electric and Electronic, among others.
Analyst Review
The global DC circuit breaker market attained a value of USD 2.98 billion in 2023, driven by the rising demand in the renewable energy sector. Aided by the increasing demand for reliable and secure power supply, investments in electrification projects, and technological advancements in power devices, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%. The market is projected to reach USD 5.12 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of voltage, that market is segmented into medium voltage and high voltage. Based on type, the market is divided into solid-state and hybrid. By insulation, the market is classified into vacuum and gas. On the basis of end users, the industry is categorised into transmission and distribution utilities, power generation, renewables, and railways. The major regional markets for DC circuit breaker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are ABB, Mitsubishi Electric Corporation, Larsen & Toubro, Rockwell Automation, and Entec Electric and Electronic, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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