About Low Voltage Circuit Breaker
An electrical circuit breaker is a switching device that can be operated automatically or manually for protecting and controlling the electrical power system. With increasing modernization, every field across the globe is expected to under massive digitalization. Massive digitalization will need huge data storage such as cloud data storage system. To support such storage low voltage dc circuit breakers will be required. Thus, the global low voltage dc circuit breaker market is expected to grow significantly in the forthcoming years. Power demand falls across the globe, owing to the shutting off of the operations, manufacturing, and delay in renewable & other infrastructure installations is further expected to restrain the growth rate for the global low voltage circuit breaker market in the year 2020, and is expected to increase by the end of the first quarter of 2021.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 4.9% |
These industry players implement various strategies such as acquisition, partnership, and novel product launch to capitalize on market opportunities and sustain market competition. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Low Voltage 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), Larsen and Toubro (India), Hitachi (Japan), SIEMENS AG (Germany), Eaton (United States), Schneider Electric (France), Mitsubishi Electric (Japan), General Electric (United States), Hager (Germany) and Fuji Electric (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hyundai (South Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Low Voltage Circuit Breaker market by Type (Miniature Circuit Breaker (MCB), Moulded Case Circuit Breaker (MCCB) and Air Circuit Breaker (ACB)), Application (Energy Allocation, Shutoff circuit automatically and Others) and Region.
On the basis of geography, the market of Low Voltage 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). Asia Pacific region held largest market share in the year 2023. If we see Market by End User Industry, the sub-segment i.e. Residential will boost the Low Voltage Circuit Breaker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Adoption from Commercial Industries and The increase in demand for miniature circuit breakers from cable protection, small motors protection, x-ray machines, UPS systems
Market Growth Drivers:
The Rising Demand due to Wide use in Digital Products such as Computer, Mobile and High Demand due to Increasing Industrial Automation
Restraints:
The Concern Related to COVID 19 Impact
Opportunities:
The Rising Demand due to Technological innovation and product expansion and The Igrowing demand for renewable source of energy to curb carbon emission
Market Leaders and their expansionary development strategies
In July 2022, American- Irish multinational power management company, Eaton has completed 50% stake acquisition of low voltage circuit breakers manufacturer and marketer, Jiangsu Huineng Electric Co. Ltd.
In March 2024, Schneider Electric launched MasterPacT MTZ Active low voltage air circuit breaker. Schneider Electric has unveiled the MasterPacT MTZ Active, a new low voltage air circuit breaker designed to set new benchmarks for efficiency and sustainability.
Key Target Audience
Manufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government 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.