DC Circuit Breaker Market: Current Analysis and Forecast (2021-2027)

DC Circuit Breaker Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). A DC circuit breaker is used in DC operating devices to protect operating electrical devices. DC circuit breakers are a comparatively new technology as compared to AC circuit breakers which have been used in homes since a long time. General AC circuit breakers are rated to interrupt above 6 kA. Some manufacturing companies provide dual-rated circuit breakers for both AC and DC from 48 VDC to 125 VDC. On the other hand, DC circuit breakers are used with 24 VDC to 48 VDC PLCs. The internal operation of both AC and DC circuit breakers is very different. Both AC and DC breakers separate the internal contacts to protect the circuit during an overload. However, even after the contacts are pulled apart, an arc is formed and the current jumps across the gap created. The way the arc is extinguished is very different in both AC and DC breakers. Thus, only breakers labelled DC can be used in DC application.
The key drivers of the circuit breaker market include their usage in renewable energy technologies, in high precision industrial machines and welding and LED lighting. Renewable energy segment is gaining importance and is expected to become mainstream till the end of the century, this is also influencing the growth of the DC circuit breakers for electric protection. According to iea.org, the use of renewable energy increased 1.5% from Q1 2019 to Q1 2020 even during the pandemic lockdown. 3% increase in renewable energy is due to new wind and solar PV projects in the past year. Also, the sales of LED lighting (which needs DC circuits to operate) is increasing significantly. 2019 saw a milestone in LED lighting sales with the sale of over 10 billion units. As the LED costs continue to fall, iea.org estimates over 90% sales of LED lights by 2030.
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 DC Circuit Breaker market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Type, Solid State DC Circuit segment holds the major share”
Based on Type, the market is fragmented into Solid State DC Circuit breaker and Hybrid DC Circuit breaker. 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%.
“Amongst Voltage, High Voltage segment holds the major share”
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.
“Amongst Insulation, Gas segment holds the major share”
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. Gas circuit breakers mainly use SF6 gas and operate between 6-7 atmospheric pressures. A lower pressure reduces the dielectric strength of the gas. Due to its high dielectric strength and cooling effect, it is approximately 100 times more effective in arc quenching than air.
“Amongst Application, Industrial segment holds the major share”
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. The high revenue in the industrial sector was due to the increasing investments in industries globally and increasing manufacturing and production globally. According to the 2018, world investment report, Asia-Pacific received an inflow of US$ 476 Billion from foreign direct investments (FDI) in 2017. Singapore and China were the major contributors. This increasing investments in the industrial sector is driving the growth DC circuit breaker usage in this sector.
“Amongst End-User, Transmission & Distribution segment holds the major share”
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. Key reason for this is the market growth in this field which is indirectly influencing the DC circuit breaker market growth.
“North America represents one of the largest markets of DC Circuit Breaker market”
For a better understanding of the market dynamics of the DC Circuit Breaker market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. North America dominated the market and grabbed around XX% market share owing to industrialization in developing countries.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
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