DC Circuit Breaker Market

Introduction

An electrical switch which protects the circuit from any damage caused by excessive supply of current in the circuit operated with direct current it is known as DC circuit breaker. The function of DC circuit breaker is to detect the fault and to interrupt the flow of the current. The fault and to interrupt the flow of current.

It is the function of DC circuit breaker. The DC circuit breaker do not need to be replaced after every use it can be resume in the current supply in the circuit. The DC circuit breaker is made of many sizes depending upon the devices. For example, for commercial and industrial purpose large switchgears are designed to protect the high voltage current and small devices in household appliances to protect low voltage current. DC circuit breaker is used in many end-user industries such as renewable, railways, transmission, distribution utilities and power generation. The demand for DC circuit breaker from these industries is increasing, which is expected to drive the growth of the DC circuit breaker market.

Market Scope and Structure Analysis

COVID-19 Impact analysis

• Railways were shut down at the time of COVID-19 pandemic, which decreases the demand for DC circuit breaker.
• However, the power generation industries were not totally closed, which was the positive impact on DC circuit breaker market.
• The global supply chain was disrupted and the demand for DC circuit breaker decreased in many countries.
• The transmission and distribution decreased due to the outbreak of COVID-19 pandemic as which affected the DC circuit breaker market.

Top Impacting Factors

The demand for secure and reliable power supply is increasing with the increase in the adoption of renewable energy sources. This will drive the growth of DC circuit breaker. The increased demand for DC circuit breaker from many industries such as transportation and renewable and utility will boost the growth of DC circuit breaker market. The private sector and the government are investing in many brownfields and Greenfield electrification project. The electrification project will boost the growth of DC circuit breaker market. Many technologies advancements in power devices are the factor to transits a new electrical power source in the DC grid application. As to maintain the safe grid operation DC circuit breaker is required. This will increase the demand for DC circuit breaker. Hence, will boost the market growth. However, many risks are connected with the functioning of electrical devices and there is no law correlate with the use of DC circuit breaker can restrain the growth of DC circuit breaker market.

The rising adoption of renewable energy sources and increase in demand for secure and reliable power supply will drive the growth of DC circuit breaker. The demand for DC circuit breaker is increasing from many industries such as transportation, utility and renewable will boost the growth of the market. Investment in many Greenfield and brownfield electrification project by the government and private sector will boost the market growth. Many technologies development in power devices is transiting a new electrical power source in the DC grid application. DC circuit breaker is required to maintain the safe grid operation. This will increase the demand for DC circuit breaker and will boost the market growth. However, there are many risks connected with the functioning of electrical devices and there is no law correlate with the use of DC circuit breaker. This factor can restrain the growth of DC circuit breaker market.

Market Trends

• Due to growing need for energy the demand for distribution and transmission is increasing in many developing countries such as India, China, Africa and Mexico.
• Also, the demand for renewable sources like energy is increasing, which will drive the growth of DC circuit breaker market.
• In Asia-Pacific region, the developing countries like China, India and others are investing in electrification plans and in grid energy. This will boost the demand for DC circuit breaker market in Asia-Pacific region.
• The demand for DC circuit breaker is increasing in North America and Europe as many industries are growing. This will increase the growth of DC circuit breaker market.
• Many key players adopting strategies such as new product launches, acquisition, contracts and agreement for the development and expansion of their business.
• Indian railways have awarded a contract to ABB to supply traction control equipment to Indian railways to convert the diesel locomotive to electric. The traction control unit will be manufactured in the Nelamangala plant in Bengaluru India.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the DC circuit breaker industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the DC circuit breaker market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the DC circuit breaker market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed DC circuit breaker market analysis based on competitive intensity and how the competition will take shape in coming years

 DC Circuit Breaker Market Report Highlights