According to
the new market research report "DC Circuit Breaker Market
by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid),
Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation,
Renewables, and Railways) and Region - Global Forecast to 2024", published by MarketsandMarkets™, the DC Circuit Breaker Market is expected
to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024,
at a CAGR of 6.54%. Increasing investments in the electrical networks,
increasing demand for reliable and secure power supply worldwide, and growing
adoption of renewable energy sources across the globe are likely to drive the DC
Circuit Breaker Market. Aging Power
Infrastructure, rising electrification projects and adoption of the HVDC
technology, can lead to opportunities in the DC Circuit Breaker Market.
The medium voltage segment is expected to hold the
largest share of the DC Circuit Breaker Market, by voltage, during the forecast
period.
The medium
segment led the DC Circuit Breaker Market in 2019 and is projected to have the
largest market share during the forecast period. This growth can be attributed
mainly to the growing demand to attain reliable and sustainable power supply
mostly in rural areas of the Asia Pacific and the Middle East & Africa
region. Increasing investments in aging electrical infrastructure in
transmission and distribution networks and the rising need to protect
electrical circuit equipment further drives the medium voltage DC Circuit
Breaker Market.
Browse and in-depth TOC on “DC
Circuit Breaker Market”
67 - Tables
33 - Figures
151 - Pages
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By
insulation, the vacuum segment led the DC Circuit Breaker Market, during the
forecast period.
The vacuum segment led the DC Circuit Breaker Market in 2019. High
insulating strength, suitability for repeated operations, & low maintenance
cost are expected to drive the vacuum DC Circuit Breaker Market. Also, rising investments in electrification
projects, in which vacuum technologies are highly deployed encourages players
to invest in the DC circuit breaker. They are mainly used in medium voltage
ranging from 11 kV to 33 kV. They have a long mechanical service life. They are
fast in operation; hence are ideal for fault clearing. Further, they are also
safe as they do not explode, have a noiseless operation, are eco-friendly, and
have a very minimal maintenance cost. They mainly find application in
switchgears, transformers, power conditioning systems, switching devices, and
transformers.
Asia
Pacific: The leading market for DC Circuit Breaker Market
In this report, the DC Circuit Breaker Market has been analyzed with
respect to 5 regions, namely, Asia Pacific, North America, Europe, South
America, and the Middle East & Africa. Asia Pacific led the global DC
Circuit Breaker Market in 2018. The high growth rate in the Asia Pacific region
can be attributed to increased investments in the electric grid development and
growing reliance on renewable sources of power generation. China and India are
the largest markets for DC Circuit Breaker Market in the region. Increasing
grid investments and plans for electrification in remote areas in countries
such as Vietnam, Indonesia, and the Philippines is likely to drive the growth
of the DC Circuit Breaker Market in the region during the forecast period. Rise
in investments in smart grid technologies is another factor which is driving
the DC Circuit Breaker Market in Asia Pacific.
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To enable an in-depth understanding of the competitive landscape, the
report includes the profiles of some of the top players in the DC Circuit
Breaker Market. The key players are ABB (Switzerland), Siemens (Germany),
Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi
(Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power
(India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts
& agreements was one of the key strategies adopted by the players to
strengthen their global presence and offerings.
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