Japan low-voltage DC circuit breaker market is estimated to grow at a CAGR of 7.8% during the forecast period. Japan has been significantly contributing to the growth of the market. As per the Institute for Sustainable Energy Policies, the share of solar PV power generation in Japan increased from 5.7% in 2017 to 6.5% in 2018. As per the IRENA, Japan solar energy capacity reached 55.5 GW in Japan in 2018. This is led by the most attractive Feed-in-Tariffs (FITs) and utility-scale power plants. Japan’s Government passed a FIT for business users and residential, requiring electric utilities to purchase excess solar power from these users in 2009.
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In 2012, a new FIT system was started by the government, based on the Renewable Energy Electric Procurement by Operators of Electric Utilities Law. According to the law, the regional electricity operators are required to connect renewable energy generation facilities to their grids and purchase the generated renewable energy at FITs. The key manufacturers of solar PV modules in Japan include Kyocera Corp., Mitsubishi Electric Corp., Toshiba Corp., Sharp Solar, and Sanyo Electric Co., Ltd. The growth in installations of solar panels is supporting the adoption of DC circuit breakers in the country, as these circuit breakers act as a component to protect against individual loads that work with direct current.
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Japan 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.)
