France low voltage DC circuit breaker market is expected to grow at a CAGR of 7.6% during the forecast period. France has a quality solar panel installation system and favorable government policies, which are boosting the LVDC circuit breakers market. In 2018, the government has decided to encourage demand response and take initiatives to launch programme and set investment targets under the multi-annual energy planning (PPE). France plans to reduce the share of nuclear energy to 50% in the electricity mix by 2025. The government has also planned growth of the share of electric vehicles, and variable renewable electricity will require enhanced power system operation and flexibility, including demand-side response, smart grids and metering, and more interconnections. This is expected to increase the installation of solar rooftop panels in the country, hence create opportunities for LVDC circuit breakers.
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Moreover, the automotive industry in France is creating considerable demand for LVDC circuit breakers market. The automotive market in France is showing a considerable growth rate in recent years. As per OICA, in 2017, France vehicle market has recorded a growth rate of 6.9% in 2017. About 2.1 million passenger cars were sold in 2017 with a growth rate of 4.6%, year on year basis. The country has ranked 3rd in the passenger car sales in Europe after Germany and UK. Besides this, France registered the highest selling of commercial vehicle in Europe followed by the UK and Germany. Approximately 2/3rd of vehicles manufactured in the nation are either of PSA or Renault Company. Light commercial vehicle (less than 3.5 ton) has registered a growth of 7.0% in 2016 as registration reached 408,500. The heavy-duty vehicle has registered an increase of 12.8% in 2016 with 41,600 new registrations. Hence, the growing automotive industry in France will significantly drive the adoption of low voltage DC circuit breakers in the country. DC circuit breakers are used for personnel and property protection, protection against fire and additional protection against short circuits and faults.
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France Low Voltage DC Circuit Breaker Market Segmentation
By Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
By Application
- Residential
- Commercial
- Industrial
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
