North American low voltage DC circuit breaker market is expected to grow at a CAGR of 7.4% during the forecast period. North America has significant market growth owing to the rising installation of solar panels, significant automobile sector, and high adoption of renewable energy. In North America, particularly in the US, there are numerous programs which are promoting the growth of the market. Solar power production incentive act 1990 is an amendment to the PURPA of 1978 and the Federal Power Act. The main purpose is to remove the size limitations placed on renewable energy facilities, such as solar and wind, in order to receive PURPA benefits. This will encourage the development of renewable energy production, thereby encouraging the installation of solar panels in the near future. This, in turn, is expected to propel the deployment rate of low voltage DC circuit breakers as solar panels are connected in series circuits, and one installation may have one or more circuits as per its capacity. The circuits are connected to a PV combiner box, where each is protected by a DC circuit breaker.
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The major players in the market include ABB Ltd., Eaton Corp., Larsen and Toubro Ltd., Schneider Electric S.E., and Siemens AG. These companies are adopting various strategies such as partnership and collaboration, geographical expansion, and product launch for increasing their market share. For instance, in March 2017, ABB Ltd. introduced Emax 2 low-voltage air circuit breakers for microgrid management in the US. The launch of this solution will make it easier to improve control and connectivity and upgrade the power network of any facility. This launch will enable the company to expand its market share in the US.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North American Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
North American Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- United States
- Canada
Company Profiles
- ABB Ltd.
- Eaton Corp.
- Larsen and Toubro Ltd.
- Mitsubhishi Electric Corp.
- Myers Power Products Inc.
- Powell Industries, Inc.
- Rockwell Automation, Inc.,
- Schneider Electric SE
- Sécheron SA
- Sensata Technologies, Inc.
- Siemens AG
The Report covers:
- Comprehensive research methodology of the North American low voltage DC circuit breaker market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the North American low voltage DC circuit breaker market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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