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The DC circuit breaker market is projected to grow at a CAGR of 6.54%, from 2019 to 2024NEW YORK, May 16, 2019 /PRNewswire/ -- The DC circuit breaker market is projected to grow at a CAGR of 6.54%, from 2019 to 2024. China and India are heavily investing in T&D infrastructure to meet the growing demand for electricity.North America is the second most lucrative market for DC circuit breaker as replacement and refurbishment of the existing infrastructure is the major requirement in the local T&D scenario. Meanwhile, Europe is another major market for DC circuit breakers, since the concept of smart grid technologies is gaining momentum particularly among the European Union (EU).A renewed focus on renewable sources of energy is being developed in countries such as Germany and the UK. These upcoming power generation sources are expected to push the growth of new T&D lines, which in turn would increase the requirements for DC circuit breaker. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: • By Company Type: Tier 1– 55%, Tier 2 – 25%, and Tier 3 – 20% • By Designation: C-Level - 35%, D - Level 30%, and Others - 35% By Region: North America - 15%, Europe - 20%, Asia Pacific- 30%, the Middle East & Africa- 25%, and South America- 10% Note: Others includes product engineers and product specialists. Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: The leading players in the DC circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), and BRUSH Group (UK). Research Coverage: The report defines, describes, and forecasts the global DC circuit breaker market by voltage, type, insulation, end-user, and region.It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the DC circuit breaker market. Why Buy this Report? 1. The report identifies and addresses key markets for DC circuit breaker, which would help manufacturers review the growth in demand. 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 3. The report will help key players understand the strategies of their competitors better and will help them in making strategic decisions. Read the full report: https://www.reportlinker.com/p05775883/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-dc-circuit-breaker-market-is-projected-to-grow-at-a-cagr-of-6-54-from-2019-to-2024--300852074.html SOURCE Reportlinker |