South Korea Low Voltage DC Circuit Breaker Market Trends, Sales, Supply, Demand, Analysis & Forecast to 2025

South Korea low voltage DC circuit breaker market is expected to grow at a CAGR of 6.7% during the forecast period. Increasing solar panel installations in South Korea is primarily contributing to the growth of the market in the country. As per the IRENA, South Korea's solar energy capacity reached around 7.9 GW in 2018, from 3.6 GW in 2015. Some government projects for solar power are further creating scope for the expansion of solar power capacity in the country. For instance, in July 2019, the South Korean government declared 2.1 GW floating PV project. This is expected to increase the adoption of low voltage DC circuit breakers for use in solar PV modules to withstand direct fault currents under high voltages.

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

The major players in the market include ABB Ltd., Eaton Corp., Hyundai Electric & Energy Systems Co., Ltd., Larsen and Toubro Ltd., Schneider Electric S.E., and Siemens AG.

In addition, rising internet secure servers in the country is offering a significant opportunity for the growth of the market in the country. As per the World Bank, the number of secure internet servers per 1 million people in 2017 was nearly 1,197, which reached to nearly 2,064 in 2018. As a result, the demand for low-voltage DC circuit breakers is expected to increase in the country, as low voltage power circuit breakers are used in modern data centers for the main switching and power transfer operations. These companies are adopting various strategies such as partnership and collaboration, geographical expansion, and product launch for increasing their market share.

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

The market study of the South Korea low voltage DC circuit breaker market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook.

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/south-korea-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.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.