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India Low Voltage DC Circuit Breaker Market Size, Trends, Growth, Analysis and Forecast 2025

03-18-2020 09:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

India Low Voltage DC Circuit Breaker Market

India Low Voltage DC Circuit Breaker Market

India low voltage DC circuit breaker market is expected to grow at a CAGR of 11.2% during the forecast period. Increasing renewable energy projects and rapid digitalization across emerging countries are encouraging the demand for low voltage DC circuit breakers in the country. The Indian government has been actively working towards its renewable power generation capacity at a fast pace over the past few years. As per the International Brand Equity Foundation (IBEF), as of October 2019, the installed renewable energy capacity was 83.4 GW, of which solar and wind comprise 31.7 GW and 37 GW respectively. As a part of Paris Agreement commitments, the Indian government has set a target of achieving 175 GW of renewable energy capacity by 2022. These include 60 GW of wind power capacity and 100 GW of solar capacity. Such kinds of initiatives are likely to drive the growth of the market as low voltage DC circuit breakers are used in solar panels for protection of PV modules from short circuit.

Get Sample Copy of India Low Voltage DC Circuit Breaker Market at: https://www.omrglobal.com/request-sample/india-low-voltage-dc-circuit-breakers-market

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 November 2019, Schneider Electric introduced its Smart Factory in Bengaluru, India. This is the second such facility by Schneider Electric in the country which represents how the EcoStruxure architecture and related suite of offerings by the company increases operational efficiency, boosts process automation, and minimizes costs in the industrial environment.

For More Information, get A full report of India Low Voltage DC Circuit Breaker Market is available at: https://www.omrglobal.com/industry-reports/india-low-voltage-dc-circuit-breakers-market

ExoStructure is an IoT-driven platform and architecture that digitizes and facilitates medium- and low-voltage electrical distribution systems. With the launch of this new facility, Schneider Electric further reinforce its contribution to the Industry 4.0 agenda in the country by offering customers with a range of advantages of industrial digital transformation, such as increased safety and reliability, augmented performance, and preventive maintenance, and remote monitoring.

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

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/india-low-voltage-dc-circuit-breakers-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

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.

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