About DC Circuit Breaker
Electricity plays a vital role in the growth of human kind. Nowadays, the demand for electricity is increasing on account of the growing population and technology advancement. The circuit breaker is an automatically operated electric switch which helps to protect an electrical circuit from damage caused by excess current. DC circuit breaker automatically off the power when the circuit is becoming overloaded. The rapid technology development of high voltage direct current in recent years and an increasing number of HVDC projects initiated or under consideration globally has reflected the interest in the DC circuit breaker.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The global DC Circuit Breaker market is fragmented, with large and medium size players accounting for the majority of market profits. Many players are arranging various strategies, entering into merger and acquisition and introducing more effective DC Circuit Breaker. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global DC Circuit Breaker market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi Electric Corporation (Japan), Powell (United States), Rockwell Automation (United States), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea) and BRUSH Group (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global DC Circuit Breaker market by Type (Solid State and Hybrid) and Region.
On the basis of geography, the market of DC Circuit Breaker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Insulation, the sub-segment i.e. Vacuum will boost the DC Circuit Breaker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Medium Voltage will boost the DC Circuit Breaker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Power Generation will boost the DC Circuit Breaker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The miniaturization of the Product, Aging Power Infrastructure and Rising Electrification Projects and Demand for Transmission and Distribution Infrastructure
Market Growth Drivers:
Increasing Usage of Electric Utilities is Propelling the Market, Growth in Renewable Power Generation and Increasing Investments in the Electrical Network Infrastructure
Challenges:
Issues Related To Cyber Security and Presence of Major Players are Leading to High Competition
Restraints:
High Installation Cost
Opportunities:
Rising Demand from Upcoming Smart Cities and Growing Adoption of the HVDC Technology
Market Leaders and their expansionary development strategies
In February 2023, Mitsubishi Electric Corporation announced that it had entered into a share transfer agreement to wholly acquire Scibreak AB, a Swedish-based company that develops direct current circuit breakers (DCCBs). Through the acquisition of shares, Mitsubishi Electric will utilize Scibreak's technology and know-how to lead the market commercialization of DCCBs, strengthening its global HVDC system business and contributing to the realization of carbon neutrality through the further spread of renewable energy.
In September 2023, ABB launched a new generation of ultrafast DC circuit breakers that are designed to protect HVDC grids from faults. The new circuit breakers are capable of interrupting fault currents in less than 50 milliseconds, which is significantly faster than conventional circuit breakers. This faster interruption time can help to prevent damage to HVDC equipment and ensure the stability of the grid.
Key Target Audience
DC Circuit Breaker Traders, Distributors, and Suppliers, DC Circuit Breaker Manufacturers, Government and Regional Agencies, Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.