India low voltage DC circuit breaker market is expected to grow at a CAGR of 11.2% during the forecast period. Increasing renewable energy projects and rapid digitalization across emerging countries are encouraging the demand for low voltage DC circuit breakers in the country. The Indian government has been actively working towards its renewable power generation capacity at a fast pace over the past few years. As per the International Brand Equity Foundation (IBEF), as of October 2019, the installed renewable energy capacity was 83.4 GW, of which solar and wind comprise 31.7 GW and 37 GW respectively. As a part of Paris Agreement commitments, the Indian government has set a target of achieving 175 GW of renewable energy capacity by 2022. These include 60 GW of wind power capacity and 100 GW of solar capacity. Such kinds of initiatives are likely to drive the growth of the market as low voltage DC circuit breakers are used in solar panels for protection of PV modules from short circuit.
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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 November 2019, Schneider Electric introduced its Smart Factory in Bengaluru, India. This is the second such facility by Schneider Electric in the country which represents how the EcoStruxure architecture and related suite of offerings by the company increases operational efficiency, boosts process automation, and minimizes costs in the industrial environment.
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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
India Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
India Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
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.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Sécheron SA
- Sensata Technologies, Inc.
- Siemens AG
- Tavrida Group
The Report covers:
- Comprehensive research methodology of the India 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 India low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the India 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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