Low Voltage DC Circuit Breaker Market: By End-User, Application, Type, and Region
Global Low Voltage DC Circuit Breaker Market is valued at USD 3.29 Billion 2021 and projected to attain a value of USD 4.9 Billion by 2028 at a CAGR of 5.4% during the forecast period, 2021–2028.
Electric Vehicle and Railways to Remain Key Consumers in the Low Voltage DC Circuit Breaker Market
The number of electric locomotives increased by over 50% during last five years and it is estimated that about 20,000 locomotives would be running on Indian Railways by 2022. All these electric locomotives will have requirement of Low Voltage DC Circuit Breakers. The existing rolling stock also needs replacement due high operation cost and life cycle of the product.
The light electric vehicle of mass transportation is an upcoming sector in India. Different modes of Electric vehicles are being developed to ease traffic congestion and pollution levels in Indian cities. These vehicles use low voltage DC circuits for powering motor which will be placed on 2-wheeler, 3-wheeler, 4-wheeler cars, buses etc., Maintenance of these vehicles require low voltage circuit breakers to be replaced periodically depending upon the operating conditions.
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The global Low Voltage DC Circuit Breaker market is segmented into end-user, application, type, and region.
On the basis of type, the market is segmented into miniature circuit breaker, molded case circuit breaker, and air circuit breaker. Based on application, the market is categorized as energy allocation, shut-off circuit, and others. On the basis of end-use industry the market is segmented into residential, commercial, and others.
Latin AmericaMiddle East & AfricaAsia PacificEuropeNorth AmericaRegionOthersCommercialResidentialEnd-UseOthersShut-off CircuitEnergy AllocationApplicationAir Circuit BreakerMolded Case Circuit BreakerMiniature Circuit Breaker
Eaton (US), ABB (Switzerland), Larsen and Toubro (India), SIEMENS AG (Germany), Hyundai Electric (South Korea), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Hitachi (Japan), C&S Electric (India), Schneider Electric (France), Powell Industries (US), Sensata Technologies (US), Tavrida Electric (Russia), Fuji Electric (Japan) are some of the key players in the global Low Voltage DC Circuit Breaker Market.
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