European Low Voltage DC Circuit Breaker Market Trends, Applications, Challenges, Opportunities and Forecast by 2025

European low voltage DC circuit breaker market is estimated to grow at a CAGR of 7.9% during the forecast period. Europe is home to various major automotive companies and represents a significant share of the global automotive industry which has significantly contributed to the LVDC circuit breakers market growth. As per the International Organization of Motor Vehicle Manufacturers, around 21 million new vehicles were sold in Europe in 2018. EU 15 +EFTA (European Free Trade Association) has registered sales of around 16.4 million vehicles in 2018. Germany is the biggest vehicle manufacturer in Europe followed by UK. In 2018, Germany registered 3.8 million new vehicles with a growth rate of nearly 3%, year on year basis.

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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.

LVDC circuit breaker market has been positively influenced by the rising electric vehicle sales. According to IEA, in 2016, new electric car sales (BEV and PHEV) in Norway was 44.9 thousand which increased to 72.7 thousand in 2018. Further, Germany, France, and UK also generated significant electric car sales in both BEV and PHEV. Several supporting policies for fuel, economy standards for cars and trucks, and the Clean Vehicles Directive fuel the demand for electric vehicles. Hence, it creates demand for charging infrastructure in the region, hence creates demand for LVDC circuit breakers market in the region. Electric cars have a fuse box with DC circuit breakers. It is also used in electric vehicles charging stations as its entire system works with direct current.

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These companies are adopting various strategies, such as partnership and collaboration, geographical expansion, and product launch for increasing their market share. For instance, in February 2019, Schneider Electric SE announced the launch of Masterpact MTZ; it is a high-power low voltage circuit breaker that combining combines the performance and reliability with new digital capabilities. Materpact MTZ is a circuit breaker that offers the customer with benefits of extended performance, better security, safety, and reliability. It combines and manages with smart panel architecture and controlled by the supervision system to carry out preventive maintenance and energy management.

Market Segmentation

Low Voltage DC Circuit Breaker Market by Type

o Air Circuit Breakers (ACB)
o Molded Case Circuit Breakers (MCCB)
o Miniature Circuit Breakers (MCB)

Low Voltage DC Circuit Breaker Market by Application

o Residential
o Commercial
o Industrial

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