Dublin, May 17, 2019 (GLOBE NEWSWIRE) -- The "DC Circuit Breaker Market by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid), Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation, Renewables, and Railways) and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The DC circuit breaker market was estimated to be USD 2,339.9 million in 2019 and is projected to reach USD 3,211.5 million by 2024, at a CAGR of 6.54%.

Circuit breakers are devices that interrupt electric current to prevent unwarranted current caused by a short circuit resulted by an overload. The basic functionality of these devices is to interrupt the current flow after the detection of a fault. Circuit breakers control the sudden rise of current and voltage. These devices are installed according to the rating of the power system. Different circuit breakers are used for residential and industrial purposes.

The circuit breakers are used to control high, medium, and low voltage transmission systems. Circuit breakers were developed and installed using water, oil, air, compressed air, vacuum, and SF6. Now circuit breakers are more compact and need negligible maintenance as compared to previous technologies. Increasing investments in urban and rural electric power networks, railways, HVDC, standby power, renewable energy, and energy storage, and electric vehicles are expected to act as opportunities for the DC circuit breaker market.

The higher adoption of the HVDC technology and replacement of aging power infrastructure & rising electrification projects among others are likely to create an opportunity for the companies to accelerate the DC circuit breaker market. The high cost of installation of DC circuit breakers is expected to act as a restraint for the growth of the DC circuit breaker market.

The major players in the DC circuit breaker market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), and Larsen & Toubro (India) among others.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments in the Electrical Network Infrastructure
5.2.1.2 Growth in Renewable Power Generation
5.2.1.3 Increasing Demand for Reliable and Secure Power Supply Worldwide
5.2.2 Restraints
5.2.2.1 High Cost of Installation
5.2.3 Opportunities
5.2.3.1 Adoption of the HVDC Technology
5.2.3.2 Aging Power Infrastructure and Rising Electrification Projects
5.2.4 Challenges
5.2.4.1 Cybersecurity Issues

6 DC Circuit Breaker Market, By Voltage
6.1 Introduction
6.2 Medium Voltage
6.2.1 Increasing Number of Renewable Integration Projects and Growing Infrastructure Developments are Expected to Drive the Medium Voltage DC Circuit Breaker, Market
6.3 High Voltage
6.3.1 Increasing Investments in Power Transmission and Locomotives and Rising Demand for Stable Electricity Supply are Expected to Drive the Market During the Forecast Period

7 DC Circuit Breaker Market, By Type
7.1 Introduction
7.2 Solid-State
7.2.1 Increasing Focus to Provide Efficient & Reliable Power is Driving the Demand for Solid-State DC Circuit Breakers
7.3 Hybrid
7.3.1 Growth of HVDC Transmission & Distribution Networks is Expected to Drive the Demand for Hybrid DC Circuit Breakers

8 DC Circuit Breaker Market, By Insulation
8.1 Introduction
8.2 Vacuum
8.2.1 High Insulating Strength, Suitability for Repeated Operations, & Low Maintenance Cost are Expected to Drive the Vacuum DC Circuit Breaker Market 47
8.3 Gas
8.3.1 Physical & Chemical Properties of Sf6 Gas, Compact Design, & Adaption to Atmospheric Conditions are Expected to Drive the Market During the Forecast Period

9 DC Circuit Breaker Market, By End-User
9.1 Introduction
9.2 Transmission and Distribution Utilities
9.2.1 Increase in Investments in T&D Infrastructure is Expected to Drive the Market
9.3 Power Generation
9.3.1 Rising Need of Uninterrupted & Reliable Power is Expected to Drive the Market
9.4 Renewables
9.4.1 Increasing Adoption Rate of Renewables is Expected to Drive the Market
9.5 Railways
9.5.1 Rising Investment in Railways is Expected to Drive the Market

10 DC Circuit Breaker Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Rise in Installation of HVDC Projects is Expected to Drive the Market
10.2.2 India
10.2.2.1 Increasing Investments in the Utilities, Transportation Along With Urban & Rural Infrastructure Development is Driving the Market
10.2.3 Japan
10.2.3.1 Rising Investments in Electric Vehicles, Smart Cities is Driving the Market
10.2.4 South Korea
10.2.4.1 Increasing Focus on Renewable Energy Generation and Reducing Carbon Footprint is Major Drive for DC Circuit Breaker Market
10.2.5 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.1.1 Replacement of Existing and Aging Grid, Modernization of Grids Drives DC Circuit Breaker Market
10.3.2 Canada
10.3.2.1 Medium Voltage Segment Dominated the Canadian DC Circuit Breaker Market
10.3.3 Mexico
10.3.3.1 Government Initiatives to Reduce T&D Losses, and Investment in Smart Grid Technologies is Expected to Drive the Market
10.4 Europe
10.4.1 Russia
10.4.1.1 Growing Industrial Sector & Increasing Investments in Energy Projects is Driving the Market
10.4.2 UK
10.4.2.1 Increasing Investments in Smart Grid and Rising Demand for Renewable Power Generation are Likely to Drive the Market
10.4.3 Germany
10.4.3.1 Strong Investment in Renewable and Electrical Network is Expected to Drive the Market
10.4.4 Italy
10.4.4.1 Medium Voltage Segment Dominated the DC Circuit Breaker Market
10.4.5 France
10.4.5.1 Refurbishment of Existing Electrical Grid is Driving the Market
10.4.6 Rest of Europe
10.5 South America
10.5.1 Brazil
10.5.1.1 Rising Investments in T&D Infrastructure Development is Driving the Market
10.5.2 Argentina
10.5.2.1 Investment in Infrastructure and Energy Efficiency Projects is Driving the Market
10.5.3 Chile
10.5.3.1 Medium Voltage Dominated the DC Circuit Breaker Market
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 UAE
10.6.1.1 Investment in Smart Grid Infrastructure and Rising Demand for Electricity are Driving the Market
10.6.2 Saudi Arabia
10.6.2.1 Expansion of T&D Lines is Expected to Drive the Market
10.6.3 South Africa
10.6.3.1 Increasing Focus on the Refurbishing Existing Electrical Grid is Expected to Boost the Demand for DC Circuit Breaker Market
10.6.4 Rest of the Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2018
11.3 Competitive Landscape Mapping, 2018
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Competitive Scenario
11.4.1 Contracts & Agreements
11.4.2 Investments & Expansions
11.4.3 Mergers & Acquisitions
11.4.4 Others

12 Company Profile

12.1 ABB
12.2 Mitsubishi Electric Corporation
12.3 Larsen & Toubro
12.4 Rockwell Automation
12.5 Entec Electric & Electronic
12.6 Toshiba
12.7 Cg Power and Industrial Solutons Limited
12.8 Eaton
12.9 Fuji Electric
12.10 Powell Industries
12.11 Siemens Ag
12.12 Brush Group

For more information about this report visit https://www.researchandmarkets.com/r/eyqmw0

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Related Topics: Insulation , Electricity