DC Circuit Breaker Market size was over USD 3.27 Billion in 2023 and is anticipated to reach USD 10.15 Billion by 2036, growing at around 9.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dc circuit breaker is estimated at USD 3.54 Billion. As the use of energy sources, energy storage systems and electric vehicles continues to rise, there is an increasing need, for DC power systems. DC circuit breakers are essential components of these power systems, as they are needed to safely control and protect them.
Data centers and telecommunication facilities heavily rely on DC power distribution systems. DC circuit breakers are essential for maintaining the safety and reliability of these infrastructures. These breakers serve as a means of safeguarding the systems against faults or overloads. They have the ability to promptly detect and respond to any fluctuations, in the power distribution thereby ensuring the ongoing safety and functionality of the system.
Growth Drivers
Consequently, there is an increased requirement for DC circuit breakers in power distribution systems that rely on wind power. DC circuit breakers play a role in managing electricity flow within these systems ensuring protection, against overloads and short circuits.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
9.1% |
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Base Year Market Size (2023) |
USD 3.27 Billion |
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Forecast Year Market Size (2036) |
USD 10.15 Billion |
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Regional Scope |
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Voltage (Low Voltage, Medium Voltage, High Voltage)
The medium voltage segment is estimated to hold 47% share of the global DC circuit breaker market in the year 2036. The rise in segment growth can be attributed to the growing need for electricity in sectors like homes, businesses and industries. Medium voltage circuit breakers are perfect for situations that require power usage, high dependability and long term stability. They are also more affordable than Low Voltage Circuit Breakers, which makes them a preferred option, in industries.
Type (Solid-State, Hybrid)
DC circuit breaker market from the solid state segment is estimated to gain the significant share of about 58% in the year 2036. The rise in segment growth can be credited to the growing adoption of state circuit breakers in electric vehicles and industrial applications. These circuit breakers are preferred due to their performance quick response time, high reliability and eco friendliness.
Moreover, governments and regulatory agencies are increasingly emphasizing energy efficiency, reducing energy consumption, which is anticipated to spur the demand, for solid state circuit breakers.
Our in-depth analysis of the global DC circuit breaker market includes the following segments:
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Voltage |
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Type |
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Insulation |
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End User |
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APAC Market Forecast
DC circuit breaker market in Asia Pacific is anticipated to hold the largest with a share of about 36% by the end of 2036 due to the rising demand for electricity and the corresponding need for infrastructure. From April20 to October20 the electricity demand in the Asia Pacific region exceeded that of the period in 2019 with a notable increase of 6% in October 2020.
Furthermore, China has ongoing projects that are expected to drive up their demand for DC circuit breakers. For instance, Qinghai New Energy Group Co Ltd announced in July 2021 that they have commenced construction on the Golmud Solar CSP Power Plant with a capacity of 3.3 GW, which is projected to be operational, by 2024. With such a large scale project underway China will likely require an increased number of DC circuit breakers to effectively manage their system with safety and efficiency as top priorities.
North American Market Statistics
The North America DC circuit breaker market is estimated to be the second largest, registering a share of about 28% by the end of 2036 mainly due to the expansion of the region's infrastructure the increasing adoption of renewable energy sources and the growing need for reliable power supply.
Furthermore, governments in North America are taking steps to promote energy efficiency and reduce carbon emissions. As an example, the U.S. EPAs ENERGY STAR Program provides information and tools to over 15,000 private and public sector organizations enabling them to choose energy-efficient solutions and best practices. As a result of these initiatives, there is a rising demand, for DC circuit breaker solutions, which is expected to boost the regional market in the upcoming years.
Author Credits: Dhruv Bhatia
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