European low voltage DC circuit breaker market is estimated to grow at a CAGR of 7.9% during the forecast period. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the LVDC circuit breakers market growth. As per the International Organization of Motor Vehicle Manufacturers, around 21 million new vehicles were sold in Europe in 2018. EU 15 +EFTA (European Free Trade Association) has registered sales of around 16.4 million vehicles in 2018. Germany is the biggest vehicle manufacturer in Europe followed by UK. In 2018, Germany registered 3.8 million new vehicles with a growth rate of nearly 3%, year on year basis.
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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 February 2019, Schneider Electric SE announced the launch of Masterpact MTZ; it is a high-power low voltage circuit breaker that combining combines the performance and reliability with new digital capabilities. Materpact MTZ is a circuit breaker that offers the customer with benefits of extended performance, better security, safety, and reliability. It combines and manages with smart panel architecture and controlled by the supervision system to carry out preventive maintenance and energy management.
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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
European Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
European Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- ABB Ltd.
- Eaton Corp.
- Larsen and Toubro Ltd.
- Mitsubhishi Electric Corp.
- Powell Industries, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Sécheron SA
- Sensata Technologies, Inc.
- Siemens AG
- Tavrida Group
The Report covers:
- Comprehensive research methodology of the European 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 European low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the European 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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