China low voltage DC circuit breaker market is expected to grow at a CAGR of 8.4% during the forecast period. Low-voltage DC circuit breakers market in China is primarily driven by the growth in the solar industry. The increasing demand for solar energy in the country has been reported owing to the favorable government initiatives for renewable energy sources and significant production of solar panels in the country. Since 2000, the Government of China has disclosed more than 100 policies to support the solar PV industry, which has made solar power cost-effective. It has further supported the cost of electricity from solar energy falling aside. As per the International Energy Agency (IEA), China has taken huge strides in solar power technology, primarily PV manufacturing and installations, which has made it the largest manufacturer of solar panel technology across the globe. As per the PV-Tech & Solar Media Ltd., of the top ten solar panel manufacturers across the globe, seven are Chinese. This, in turn, has led the innovations in solar panel technology in the country.
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Owing to the presence of a large number of major providers of solar panels, such as JinkoSolar, JA Solar, and Trina Solar, the production capacity of solar modules is high in the country. As per the International Renewable Energy Agency (IRENA), China’s total operating solar PV capacity reached 175 GW in 2018. By 2020, the target for solar PV capacity is expected to be between 210–270 GW. PV system power generation requires novel and effective electrical protection products for overvoltage, overcurrent, and isolation events. This results in the demand for low-voltage DC circuit breaker for use in solar panels.
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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
China Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
China Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- ABB Ltd.
- C&S Electric Ltd.
- Eaton Corp.
- Hitachi Industrial Equipment Systems Co. Ltd.
- Larsen and Toubro Ltd.
- Mitsubhishi Electric Corp.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Sécheron SA
- Sensata Technologies, Inc.
- Shanghai Liangxin Electrical Co., Ltd.
- Siemens AG
- Taixi Electric Co., Ltd.
The Report covers:
- Comprehensive research methodology of the China 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 China low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the China 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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