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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124