Asia-Pacific low voltage DC circuit breaker market is estimated to grow at a CAGR of 8.8% during the forecast period. Asia-Pacific low voltage DC circuit breakers market is being significantly driven by the emerging demand for solar panels and growth in the electric vehicles market in the region. A significant rise in the demand for electric vehicles has been reported in China, which in turn, is driving the market growth. For instance, as per the International Energy Agency (IEA), Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China, which is 2.3 million.
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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 May 2019, ABB Ltd. won a large power transmission order from China. The company supplied high voltage equipment and converter transformers. This enabled the company to establish its footprints in Asia-Pacific and acquire more customer base.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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
Asia-Pacific Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
Asia-Pacific Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- ABB Ltd.
- C&S Electric Ltd.
- Eaton Corp.
- Entec Electric & Electronic Co., Ltd.
- Fuji Electric Co., Ltd.
- Hitachi Industrial Equipment Systems Co. Ltd.
- Hyundai Electric & Energy Systems Co., Ltd.
- Larsen and Toubro Ltd.
- Mitsubhishi Electric Corp.
- Powell Industries, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Sécheron SA
- Sensata Technologies, Inc.
- Shanghai Liangxin Electrical Co., Ltd.
- Siemens AG
- Taixi Electric Co, Ltd.
- Tavrida Group
The Report covers:
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the Asia-Pacific 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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