February 2, 2021 05:52 ET | Source: ReportLinker ReportLinker

New York, February 2, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "Low-Voltage DC Circuit Breaker Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)"-https://www .reportlinker.com/p06020231/?utm_source=GNW Factors such as increased power consumption, increased influx of renewable energy in the energy mix, and an increase in the number of data centers and electric vehicles are expected to drive the market during the forecast period. The increase in power supply stability has reduced the demand for circuit breakers, which may inhibit the growth of the low-voltage DC circuit breaker market in the next few years. -Due to factors such as increased investment in utility-scale solar power plants, the solar energy industry is expected to become the fastest growing market during the forecast period. -On a global scale, investment in clean energy projects and the development of renewable energy are attracting more and more attention. Therefore, the extensive development of new renewable energy projects and the increase in power usage may create excellent opportunities for the future low-voltage DC circuit breaker market. -The Asia-Pacific region has dominated the low-voltage DC circuit breaker market in recent years. It is expected that the market will see significant growth during the forecast period, with most of the demand coming from China, Japan, South Korea and India. Major market trends dominating the market. Solar energy industry-due to factors such as the increase in the share of solar power in the total power generation and the increase in the number of utility-scale solar projects, the solar industry is expected to witness significant growth during the forecast period, as well as the demand for clean energy Increasing. -Global solar capacity has increased from 41.54 GW in 2010 to 586.43 GW in 2019, an increase of more than 1300%. Most of the capacity is increased in the form of utility-scale solar farms, all of which use DC circuit breakers to solve the "first-fault" condition, which corresponds to the first unintentional grounding, that is, the DC circuit breaker is safe under load conditions Disconnect the PV array from the inverter. -Another factor contributing to the growth of the solar industry is the significant drop in capital expenditures required to establish renewable projects such as wind and solar projects. For example, the cost of solar photovoltaic (PV) modules has fallen by about 99% in the past 40 years. Due to advances in solar panel production technology, it is expected that the cost will continue to decline during the forecast period. The production of solar panels. -Increasing demand for clean energy is one of the main driving forces of the solar energy industry, which in turn is one of the main driving forces of DC circuit breakers in this industry. Renewable energy power generation increased by approximately 14%, from 2166.5 TWh in 2017 to 2480.4 TWh in 2018. -Therefore, with the increase in demand for clean energy, the solar energy industry is expected to rise, and in turn the market expects the growth of low-voltage DC circuit breakers in the solar field. The Asia-Pacific region dominates the market-the Asia-Pacific region dominated the low-voltage DC circuit breaker market in 2019 and is expected to continue to dominate in the next few years. -Due to the increase in population, urbanization and industrialization, the Asia-Pacific region is one of the fastest growing regions in the world. Therefore, the demand for guaranteed power supply is high. To meet these needs, many countries are investing in the renewable energy sector and transmission and distribution infrastructure. -According to the International Energy Agency (IEA), as the most populous country in the world, China may install 36% of the world's installed hydropower capacity and 40% of global wind energy between 2015-2021. China already has more than 259,000 MW of new coal-fired power plants in various stages of development, accounting for more than one-third of the global coal-fired power plant pipeline. China leads the world in data center construction, and more and more companies hope to ensure the reliability and stability of data services by expanding data centers. In 2018, the total size of China's data center market was approximately US$18 billion, a year-on-year increase of nearly 30%. -On the other hand, India's data center and telecommunications industries are booming. The country contains multiple data center clusters, providing a large number of hosting opportunities. The main colocation data center markets in India are Mumbai, Bangalore, Chennai, Hyderabad and New Delhi. -In addition, India is investing heavily in the field of renewable energy, investing 11.1 billion US dollars in 2018 alone. Most of these investments are used for the development of wind and solar farms. -In turn, these may drive the demand for low-voltage DC circuit breakers in the region during the forecast period. Competitive landscape The low-voltage DC circuit breaker market is fragmented. Some of the major players in this market include ABB Co., Ltd., Larsen & Toubro Co., Ltd., Mitsubishi Electric Co., Ltd., Fuji Electric Co., Ltd., and Siemens. Reasons for purchasing this report:-Market Estimate (ME) table in Excel format-3 months of analyst support Read the full report: https://www.reportlinker.com/p06020231/?utm_source=GNW About Reportlinker ReportLinker is an award -Successful market research solutions. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________