The global DC Circuit Breaker Market is segmented By Type(Solid-State, Hybrid), By Voltage(Medium Voltage, High voltage), By Insulation(Vacuum, Gas), By End-User(Transmission & Distribution Utilities, Power Generation, Renewables, Railways, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
DC Circuit Breaker Market Overview
The Global DC Circuit Breaker Market forecast is estimated to reach at a high CAGR during the forecast period (2023-2030). A DC circuit breaker is an overcurrent protection device (OCPD) with additional arc-extinguishing features that protect DC-operated electrical devices. As most equipment in a house functions with AC and AC circuit breakers, DC circuit breakers are a relatively new technology to most homeowners. Home AC circuit breakers are rated to interrupt currents more significantly than 6 kA. Circuit breakers that are dual-rated for AC and DC from 48 VDC to 125 VDC are available from several manufacturers. DC circuit breakers are utilized in wind power applications with 24 VDC to 48 VDC programmable logic controllers (PLCs). When a circuit is faced with overloading, DC circuit breakers immediately turn off the power. It prevents harm to the electrical circuit and any gadgets that use electricity.
DC Circuit Breaker Market Scope and Summary
Metrics |
Details |
Market CAGR |
High |
Segments Covered |
By Type, By Voltage, By Insulation, By End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
When the breaker detects a defect, it interrupts the electrical flow immediately. Circuit breakers act in much the same way, but they can be reset when they blow - unlike a fuse, which must be replaced. The home's circuit breaker shuts off the electricity before the fuse burns out. An electrical power bar, for example, has a built-in circuit breaker. When too many things use one source, it shuts off the power, protecting the electrical devices plugged into the bar.
DC Circuit Breaker Market Dynamics and Trends
The rise of an influx of renewable sources in the energy mix is creating immense demand for DC circuit breakers to grow in the forecast period. Rising power consumption globally is boosting the demand for DC circuit breakers to protect electrical devices operating with DC and contains additional arc-extinguishing measures.
The rise of an influx of renewable sources in the energy mix is creating immense demand for DC circuit breakers to grow in the forecast period.
The renewable sector is expected to show significant growth in the forecast period due to various factors such as the rising electricity share of renewables in total electricity generation, an increasing number of utility-sized renewable projects, and increasing demand for clean energy. Solar energy capacity increased by more than 1300% from 41.54 GW in 2010 to 586.43 GW in 2019, while wind energy capacity increased by 240%, from 180.85 GW in 2010 to 622.7 GW in 2019.
A high percentage of this capacity came from utility-scale wind and solar farms, which all use DC circuit breakers to solve first-fault events, corresponding to the first inadvertent connection to the earth.
In addition, electric vehicles, as their name suggests, are entirely devoid of fossil fuels and instead rely on a high-capacity rechargeable battery to operate. These batteries, in turn, work with electric vehicle charging stations that are specifically developed for them. As the system runs entirely on direct current, DC circuit breakers are required.
Since the entire system runs on direct current and no conversion to alternating current is required to charge an electric vehicle, it is usual for photovoltaic solar panels and electric vehicle charging stations to work together. Its system delivers a completely environmentally friendly and long-term transportation energy source.
For instance, in April 2019, ABB developed a ground-breaking solid-state circuit breaker technology that meets the most stringent requirements of next-generation power applications as they transition to the digital era. The public will see the ground-breaking low-voltage circuit breaker concept for the first time at the Hannover Messe in Germany. The product is available in 2020.
Rising power consumption globally is boosting the demand for DC circuit breakers to protect electrical devices operating with DC and contains additional arc-extinguishing measures.
After a slowdown in 2019, global electricity consumption fell by 1.1% in 2020, the first drop since 2009, contrasting with the constant expansion from 2009 to 2018. China, which consumes 29% of the world's power, rebounded quickly from the COVID-19 crisis, with electricity consumption increasing by 3.1% (compared to 4.5% and +10% each year from 2000 to 2018).
COVID-19 significantly influenced energy demand in other nations, particularly in several OECD countries where industrial and commercial markets declined. However, as per IEA 2021 review, the strengthening economy and rapid expansion in key emerging economies such as China are predicted to boost electricity demand by 4.5% in 2021.
Vaccination initiatives against COVID-19 are expected to gradually ease restrictions between spring and autumn in advanced economies. Demand growth of 2.5% is expected to be sufficient to keep demand within 1% of 2019 levels. Demand is predicted to rise by roughly 2% in the United States, supported by economic stimulus and cooler temperatures in the early months of 2021. Demand should be within 1.6% of 2019 levels due to this rise.
Thus, improving power consumption across the globe is creating immense opportunities for DC circuit breakers to grow in the forecast period. DC circuit breakers are critical in the electrical protection of high-cost energy-efficient technologies like LED lighting, photovoltaic solar panels, and electric cars. DC circuit breakers will have a larger market as these technologies reach more consumers. Furthermore, DC circuit breakers are a well-established and well-known technology in the commercial world.
They play a significant part in protecting high-precision machinery and arc welding. When an electrical system necessitates the use of DC circuit breakers, it is usually advisable to retain the services of expert engineers and technicians to ensure that the proper circuit breakers are chosen and installed.
COVID-19 Impact on DC Circuit Breaker Market
The outbreak of COVID-19 has shown a tremendous impact on various industries' market growth, and the DC circuit breaker has seen a similar effect due to the outbreak. COVID-19 has impacted the power sector by reducing demand, financial stress, and disruptions to the power supply chain.
Lockdown procedures have drastically cut electricity usage in the commercial and industrial sectors in the last few months of 2020. According to the International Energy Agency (IEA), global power demand fell 2.5% in Q1 2020 and is expected to fall another 5% by the end of 2020. In many nations where IFC does business, demand fell by 15% in March and April 2020. Thus, the COVID-19 outbreak has wreaked havoc on the power industry.
Economic activity is likely to increase as the pandemic eases and mobility increases. It will enhance commercial and industrial electricity demand, alleviating many of the problems that have arisen as a result of the crisis. The IFC and foreign partners must assist the sector in securely navigating the crisis.
Thus the sudden downfall in the power sector has shown a direct impact on the DC circuit breakers as it is one of the main applications of the market. However, improving the power sector business is expected to enhance the market share for the product in the forecast period.
DC Circuit Breaker Market Segmentation Analysis
The global DC Circuit Breaker Market applications can be segmented on voltage, type, insulation, end-user, and region.
The renewable sector is projected to witness significant growth in the forecast period due to the rising electricity percentage of renewables in total electricity generation, increasing utility-sized renewable projects, and increasing demand for clean energy.
The global DC Circuit Breaker Market analysis based on end-users is segmented into transmission and distribution, power generation, renewables, etc. The renewable sector is projected to witness significant growth in the forecast period due to the rising electricity percentage of renewables in total electricity generation, increasing utility-sized renewable projects, and increasing demand for clean energy.
Solar energy capacity increased by more than 1300% from 41.54 GW in 2010 to 586.43 GW in 2019, while wind energy capacity increased by more than 240 percent from 180.85 GW to 622.7 GW in 2010 and 2019, respectively. A high percentage of this capacity came from utility-scale wind and solar farms, which all use DC circuit breakers to solve "first-fault" events, corresponding to the first inadvertent connection to the earth.
The massive reduction in the CAPEX required to build up renewable projects such as wind and solar plants has also contributed to the expansion of the renewable sector. For instance, the cost of solar photovoltaic (PV) modules has decreased by around 99% over the last four decades.
Costs are expected to continue to decrease in the forecast period due to advancements in solar panel production technologies and the mass production of solar panels. The same trend can be seen in the cost of wind turbines, which has decreased by around 30-40% since 2009.
DC Circuit Breaker Market Geographical Share
Growing investments in renewable energy and transmission and distribution infrastructure to meet the demands have uplifted Asia-Pacific's DC circuit breaker market share.
In 2019, Asia-Pacific dominated the global DC Circuit Breaker Market demand and was projected to continue in the future years. The market growth is due to the region's rising population, urbanization, and industrialization. As a result, there is a strong demand for a reliable power supply. Many countries invest in renewable energy and transmission and distribution infrastructure to meet these demands.
According to the International Energy Agency (IEA), between 2015 and 2021, China will add 36% of all global hydroelectricity-producing capacity and 40% of all global wind energy. China already has over 259,000 MW of new coal plants under construction, accounting for more than a third of the global coal plant pipeline.
On the other hand, India's coal consumption rate increased by 8.7% in 2018, indicating that the country is still heavily reliant on coal for electricity generation. India is also heavily investing in the renewable energy sector, with US$ 11.1 million in 2018. The vast majority of these funds went toward constructing wind and solar farms.
As a result, the region's demand for DC circuit breakers is expected to rise throughout the forecast period.
DC Circuit Breaker Companies and Competitive Landscape
The DC circuit breaker market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth are ABB, Siemens, Eaton, Toshiba, Fuji Electric, CG Power, Larsen & Toubro, Mitsubishi, Powell, Rockwell Automation, ENTEC Electric & Electronic, BRUSH Group, and others.
The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the global growth of the DC circuit breaker market.
- For instance, in February 2019, Larsen & Toubro received an order from the UAE to supply, install, test and commission a 132/11 kV substation and associated works.
ABB Ltd
Overview: ABB Ltd, also known as ASEA Brown Boveri, is a Swedish–Swiss multinational corporation based in Zürich, Switzerland, operating mainly in heavy electrical equipment, robotics, power, and automation technology areas
Product Portfolio: The Company has a product portfolio of DC circuit breakers that includes:
- SACE Emax DC: Direct current is becoming a more realistic choice for industrial, marine, and data center applications, in addition to photovoltaic plants. SACE Emax DC is the ideal solution for these requirements. The first air circuit breaker with integrated electronic trip units to safeguard a DC plant up to 5000A at 1000V DC.
Key Development
- For instance, In February 2019, The Indian Railways awarded ABB a contract to supply traction control equipment to convert diesel locomotives to electric locomotives.
Why Purchase the Report?
- Visualize the DC circuit breaker market segmentation by voltage, type, insulation, and end-user, highlighting key commercial assets and players.
- Identify commercial opportunities in the DC circuit breaker market by analyzing trends and co-development deals.
- Excel data sheet with thousands of DC circuit breaker market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global DC circuit breaker market report would provide approximately 53 market data tables, 46 figures, and 180 pages.
Target Audience 2024
- Service Providers/ Buyers
- Power Generation Companies
- Emerging Companies
- Manufacturers
- Logistics companies
- Distributors
