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DC Circuit Breaker Market Growth Projections, Industry Development and Forecast by 2025

Author : Rahul Sankrityayan | Published Date : 2019-09-11 

Global Market Insights added a new report on global DC Circuit Breaker Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

DC Circuit Breaker Market size will witness growth on account of modernization & upgradation of existing electrical infrastructure along with rapid real estate expansion and industrialization. Increasing adoption of renewable energy technologies coupled with expansion of existing power transmission & distribution grid infrastructure will further augment the business dynamics.

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Government shift toward integration of High Voltage Direct Current (HVDC) technology in line with increasing demand for secure and reliable electricity supply will positively influence DC circuit breaker market share. In 2018, as per International Energy Agency (IEA), global electricity consumption increased by 4% when compared with 2010. Reliability & longevity, economical costs, and, operational feasibility are some of the indispensable factors accelerating the product deployment.

DC circuit breaker market from vacuum insulation is anticipated to witness growth owing to wide applicability across transformers, switchgears, power conditioning systems, and switching devices. Noiseless operation, high insulating strength, low maintenance requirements and quick response are some of the key parameters enhancing the product demand.

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Growing efforts to reduce power supply faults, fire hazards, and operational dereliction will stimulate DC circuit breaker market dynamics. Furthermore, expansion of micro-grid plans along with regulatory proximities toward stand-alone renewable networks will boost the product demand.

Surging demand for energy on account of the presence of large number of manufacturing facilities will stimulate the Asia Pacific DC circuit breaker market. Government efforts to curb carbon emissions by enhancing renewable energy mix along with rising need for robust electrical networks will further augment the business landscape. For instance, in 2018, India’s Ministry of New & Renewable Energy (MNRE) revised its target to install 227 GW of renewable power generation capacity by 2022.

Key industry players operating across DC circuit breaker market include Toshiba, ABB, Eaton, CG Power, Larsen & Toubro, Siemens, Mitsubishi, Powell, Fuji Electric, Rockwell Automation, BRUSH Group, and ENTEC Electric & Electronic.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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