DC Circuit Breaker Hold Huge Potential In the Renewble Energy Sector. North America To Witness The Highest Growth

DC Circuit Breaker Market is expected to exceed the market valuation of more than US$ XX billion by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). The backbone of the electric power system in the Transmission & Distribution (T&D) infrastructure as it enables the delivery of electricity of power plants to end-users. There is a increasing demand of the DC Circuit Breaker Market is due to the in increasing investments in the T&D infrastructure. As per INMR, the global industry continues to be dominated by investment in Asia rising from 45% of the global investment in 2020 to over 51% in 2040 with a CAGR of 5% during the first decade and 4.4% in the second period.

Renewable energy technologies are gaining significant importance all over the world. Some of these technologies, for example, electric vehicles and photovoltaic solar panels work with direct current and exploit DC circuit breakers for the production of electricity. Increasing focus on reducing carbon emissions and growing adoption of renewable energy sources across the globe is projected to increase the demand for DC Circuit Breaker Market.  DC circuit breakers ensure a long service life and a return on investment. As per the Our World in Data 2020, around one-quarter of the electricity around the world is produced from renewables.

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The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths.  Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The DC Circuit Breakers industry also saw a slowdown during the pandemic as the industries were shut and production of affected. However, one sector that still grew even besides the panemic lockdown was the Renewable energies sector. The DC Circuit Market is expected to quickly bounce back as soon as the pandemic ends.

Based on Type, the market is fragmented into Solid State DC Circuit breakers and Hybrid DC Circuit breakers. Solid-State DC Circuit accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. High revenue of the solid-state DC circuit breaker market is due to the increasing investments in transmission & distribution (T&D), especially in the Asia Pacific region. T&D investments are increasing significantly over the years. The global investment in the T&D sector was about US$ 240 billion in 2019. Also, according to INMR estimates between 2020 and 2030 total investments will be about US$ 3.5 trillion with a CAGR of 2%.

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Based on Voltage, the market is fragmented into high voltage and medium voltage. The high voltage segment registered the highest CAGR during the forecast period. Circuit breaking is difficult in high voltage circuit breakers because the current flow is unidirectional and there is no zero current. High voltage direct currents can be more efficient than the popularly used AC circuits and thus gaining popularity over time. For example, a 40-mile HVDC submarine transmission through San Francisco Bay was more economically viable than an overhead line to bring 400 MW of power to San Francisco. This was built using Siemen’s technology.

Based on Insulation, the market is fragmented into Vacuum and Gas. The Gas segment accounted for the largest share in 2020 is anticipated to register a lucrative CAGR during the forecast period owing to its higher efficiency. The gas used in the gas DC circuit breaker is the SF6 gas. This is much more efficient than the vacuum circuit breaker and requires no maintenance. However, one drawback of using SF6 gas is its environmental impact. According to the Kyoto Protocol leakage of this gas is very harmful for the environment and thus it is hard for manufacturers to procure the gas and is significantly costly. As the Governments try to promote reduction of SF6 usage, the EPA and Electric Power Industry have jointly reduced SF6 emission by 74% between 1999 to 2018.

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Based on Application, the market is fragmented into residential, industry, transport, and others. The industrial segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. In the industries DC circuit Breakers are used to protect DC electrical motors which are used in many manufacturing industries ranging from machine tools, transportation devices to robots. Additionally, the industrial sector is growing very fast especially in the developing nations. For example, the annual growth rate of industrial production in India was 3.8% in 2019 which is a significant rise from 3.3% in 2016 according to Statista.

Based on End-User, the market is fragmented into transmission and distribution utilities, power generation, renewables, and railways. Transmission and Distribution Utilities was the highest end-user of DC circuit breakers. Electricity generated in power plants needs a complex system to move reach the consumers from the producers. This entire system is called the grid which consists of transformers, power lines, and electricity substations. The United States consists of hundreds of thousands of high voltage power lines and millions of low voltage power lines. Maintenance of these grids to avoid short circuits and overloads need high quality circuit breakers.

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Additionally, the report provides detailed initiatives that are being taken in the field of DC Circuit Breaker, globally. The report provide a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. North America dominated the market in 2020, with XX% share. Schneider Electric, ABB, Siemens, Eaton, Mitsubishi Electric, Legrand, Fuji Electric, CHINT Electrics, Alstom, and Rockwell Automation are some of the prominent players operating in the global DC Circuit Breaker market. Several M&As along with partnerships have been undertaken by these players to make DC Circuit Breakers as cost-effective and as widely available as possible.

DC Circuit Breaker Market Segmentation

Market Insight, by Type

  • Solid-state DC Circuit Breaker
  • Hybrid DC Circuit Breaker

Market Insight, by Voltage

  • Medium voltage
  • High voltage

Market Insight, by Insulation

  • Vacuum
  • Gas

Market Insight, by Application

  • Residential
  • Industry
  • Transport
  • Others

Market Insight, by End-User

  • Transmission & Distribution utilities
  • Power Generation
  • Renewables
  • Railways

Market Insight, by Region

  • North America DC Circuit Breaker Market
    • United States
    • Canada
    • Rest of North America
  • Europe DC Circuit Breaker Market
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific DC Circuit Breaker Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World DC Circuit Breaker Market

Top Company Profiles

  • Schneider Electric
  • ABB
  • Siemens
  • Eaton
  • Mitsubishi Electric
  • Legrand
  • Fuji Electric
  • CHINT Electrics
  • Alstom
  • Rockwell Automation