North American Low Voltage DC Circuit Breaker Market Growth, Size, Share, Industry Report and Forecast 2019-2025


Posted May 23, 2020 by mansi3210

North American Low Voltage DC Circuit Breaker Market Size, Share & Trends Analysis Report, By Type, By Application and Forecast, 2019-2025
 
North American low voltage DC circuit breaker market is expected to grow at a CAGR of 7.4% during the forecast period. North America has significant market growth owing to the rising installation of solar panels, significant automobile sector, and high adoption of renewable energy. In North America, particularly in the US, there are numerous programs which are promoting the growth of the market. Solar power production incentive act 1990 is an amendment to the PURPA of 1978 and the Federal Power Act. The main purpose is to remove the size limitations placed on renewable energy facilities, such as solar and wind, in order to receive PURPA benefits. This will encourage the development of renewable energy production, thereby encouraging the installation of solar panels in the near future. This, in turn, is expected to propel the deployment rate of low voltage DC circuit breakers as solar panels are connected in series circuits, and one installation may have one or more circuits as per its capacity. The circuits are connected to a PV combiner box, where each is protected by a DC circuit breaker.

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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 March 2017, ABB Ltd. introduced Emax 2 low-voltage air circuit breakers for microgrid management in the US. The launch of this solution will make it easier to improve control and connectivity and upgrade the power network of any facility. This launch will enable the company to expand its market share in the US

A full Report of North American Low Voltage DC Circuit Breaker Market is Available at: https://www.omrglobal.com/industry-reports/north-american-low-voltage-dc-circuit-breakers-market

North American 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

Regional Analysis

• United States
• Canada
Company Profiles

• ABB Ltd.
• Eaton Corp.
• Larsen and Toubro Ltd.
• Mitsubhishi Electric Corp.
• Myers Power Products Inc.
• Powell Industries, Inc.
• Rockwell Automation, Inc.,
• Schneider Electric SE
• Sécheron SA
• Sensata Technologies, Inc.
• Siemens AG

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Categories Business , Electronics , Technology
Tags electronics parts and components , market analysis , market forecast , market research
Last Updated May 23, 2020