UK low voltage DC circuit breaker market is expected to grow at a CAGR of 9.6% during the forecast period. UK is among the largest economy in Europe, majorly owing to its trading power and financial businesses. The country has an extensive trade relationship with other European members, owing to its single market membership. The country has well-developed ICT infrastructure, with continuous development in the electronics industry.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/uk-low-voltage-dc-circuit-breakers-market
UK is considered as one of the major contributors in the European LVDC circuit breakers market owing to the significant potential of the automotive industry. Other than the automotive industry, the solar energy sector also has substantial opportunities for the low voltage DC circuit breaker market. The introduction of the feed-in-tariff contributes to the rapid growth of photovoltaic (PV) module industry, with many thousands of domestic installations along with numerous commercial, community and industrial projects. For instance, in 2019, the UK Government commenced two projects that include Cleve Hill and Little Crow mega-scale projects. Solar power use has increased very rapidly in recent years owing to the reduction in the cost of solar PV panels supported by government initiatives. This, in turn, will likely drive the demand for low voltage DC circuit breakers in solar panels to withstand direct fault currents under high voltages.
A Full Report of UK Low Voltage DC Circuit Breaker Market is Available at: https://www.omrglobal.com/industry-reports/uk-low-voltage-dc-circuit-breakers-market
The major players operating in the market include ABB Ltd., Eaton Corp., Larsen and Toubro Ltd., Schneider Electric S.E., and Siemens AG. To expand market share, these companies are adopting several strategies, including mergers and acquisitions, product launches, geographical expansion, and partnerships and collaborations.
Market Segmentation
UK Low Voltage DC Circuit Breaker Market by Type
Air Circuit Breakers (ACB)
Molded Case Circuit Breakers (MCCB)
Miniature Circuit Breakers (MCB)
UK Low Voltage DC Circuit Breaker Market by Application
Residential
Commercial
Industrial
Company Profiles
ABB Ltd.
Eaton Corp.
Larsen and Toubro Ltd.
Mitsubhishi Electric Corp.
MK Electric
Powell Industries, Inc.
Rockwell Automation, Inc.
Schneider Electric SE
Sécheron SA
Sensata Technologies, Inc.
Siemens AG
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-low-voltage-dc-circuit-breakers-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email:
[email protected]
Contact no: +91 780-304-0404