Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONAL SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY 17
1.6 LIMITATION 17
1.7 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 MARKET SIZE ESTIMATION 19
2.1.1 DEMAND-SIDE ANALYSIS 19
2.1.1.1 Assumptions 20
2.1.2 SUPPLY-SIDE ANALYSIS 20
2.1.2.1 Assumptions 20
2.1.2.2 Calculation 20
2.1.3 FORECAST 21
2.2 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN THE DC CIRCUIT BREAKER MARKET 27
4.2 DC CIRCUIT BREAKER MARKET, BY REGION 28
4.3 DC CIRCUIT BREAKER MARKET, BY VOLTAGE 28
4.4 DC CIRCUIT BREAKER MARKET, BY INSULATION 29
4.5 DC CIRCUIT BREAKER MARKET, BY TYPE 29
4.6 DC CIRCUIT BREAKER MARKET, BY END-USER 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increasing investments in the electrical network infrastructure 32
5.2.1.2 Growth in renewable power generation 34
5.2.1.3 Increasing demand for reliable and secure power supply worldwide 35
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5.2.2 RESTRAINTS 35
5.2.2.1 High cost of installation 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Adoption of the HVDC technology 35
5.2.3.2 Aging power infrastructure and rising electrification projects 36
5.2.4 CHALLENGES 36
5.2.4.1 Cybersecurity issues 36

6 DC CIRCUIT BREAKER MARKET, BY VOLTAGE 37
6.1 INTRODUCTION 38
6.2 MEDIUM VOLTAGE 39
6.2.1 INCREASING NUMBER OF RENEWABLE INTEGREATION PROJECTS AND GROWING INFRASTRUCTURE DEVELOPMENTS ARE EXPECTED TO DRIVE THE MEDIUM VOLTAGE DC CIRCUIT BREAKER MARKET 39
6.3 HIGH VOLTAGE 40
6.3.1 INCREASING INVESTMENTS IN POWER TRANSMISSION AND LOCOMOTIVES AND RISING DEMAND FOR STABLE ELECTRICITY SUPPLY ARE EXPECTED TO DRIVE THE MARKET DURING THE FORECAST PERIOD 40

7 DC CIRCUIT BREAKER MARKET, BY TYPE 41
7.1 INTRODUCTION 42
7.2 SOLID-STATE 43
7.2.1 INCREASING FOCUS TO PROVIDE EFFICIENT & RELIABLE POWER IS DRIVING THE DEMAND FOR SOLID-STATE DC CIRCUIT BREAKERS 43
7.3 HYBRID 44
7.3.1 GROWTH OF HVDC TRANSMISSION & DISTRIBUTION NETWORKS IS EXPECTED TO DRIVE THE DEMAND FOR HYBRID DC CIRCUIT BREAKERS 44

8 DC CIRCUIT BREAKER MARKET, BY INSULATION 45
8.1 INTRODUCTION 46
8.2 VACUUM 47
8.2.1 HIGH INSULATING STRENGTH, SUITABILITY FOR REPEATED OPERATIONS, & LOW MAINTENANCE COST ARE EXPECTED TO DRIVE THE VACUUM DC CIRCUIT BREAKER MARKET 47
8.3 GAS 47
8.3.1 PHYSICAL & CHEMICAL PROPERTIES OF SF6 GAS, COMPACT DESIGN, & ADAPTION TO ATMOSPHERIC CONDITIONS ARE EXPECTED TO DRIVE THE MARKET DURING THE FORECAST PERIOD 47

9 DC CIRCUIT BREAKER MARKET, BY END-USER 49
9.1 INTRODUCTION 50
9.2 TRANSMISSION AND DISTRIBUTION UTILITIES 51
9.2.1 INCREASE IN INVESTMENTS IN T&D INFRASTRUCTURE IS EXPECTED TO DRIVE THE MARKET 51
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9.3 POWER GENERATION 52
9.3.1 RISING NEED OF UNINTERRUPTED & RELIABLE POWER IS EXPECTED TO DRIVE THE MARKET 52
9.4 RENEWABLES 52
9.4.1 INCREASING ADOPTION RATE OF RENEWABLES IS EXPECTED TO DRIVE THE MARKET 52
9.5 RAILWAYS 53
9.5.1 RISING INVESTMENT IN RAILWAYS IS EXPECTED TO DRIVE THE MARKET 53

10 DC CIRCUIT BREAKER MARKET, BY REGION 54
10.1 INTRODUCTION 55
10.2 ASIA PACIFIC 56
10.2.1 CHINA 60
10.2.1.1 Rise in installation of HVDC projects is expected to drive the market 60
10.2.2 INDIA 61
10.2.2.1 Increasing investments in the utilities, transportation along with urban & rural infrastructure development is driving the market 61
10.2.3 JAPAN 62
10.2.3.1 Rising investments in electric vehicles, smart cities is driving the market 62
10.2.4 SOUTH KOREA 62
10.2.4.1 Increasing focus on renewable energy generation and reducing carbon footprint is major drive for DC circuit breaker market 62
10.2.5 REST OF ASIA PACIFIC 63
10.3 NORTH AMERICA 64
10.3.1 US 67
10.3.1.1 Replacement of existing and aging grid, modernization of grids drives DC circuit breaker market 67
10.3.2 CANADA 68
10.3.2.1 Medium voltage segment dominated the Canadian DC circuit breaker market 68
10.3.3 MEXICO 69
10.3.3.1 Government initiatives to reduce T&D losses, and investment in smart grid technologies is expected to drive the market 69
10.4 EUROPE 70
10.4.1 RUSSIA 72
10.4.1.1 Growing industrial sector & increasing investments in energy projects is driving the market 72
10.4.2 UK 73
10.4.2.1 Increasing investments in smart grid and rising demand for renewable power generation are likely to drive the market 73
10.4.3 GERMANY 74
10.4.3.1 Strong investment in renewable and electrical network is expected to drive the market 74
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10.4.4 ITALY 74
10.4.4.1 Medium voltage segment dominated the DC circuit breaker market 74
10.4.5 FRANCE 75
10.4.5.1 Refurbishment of existing electrical grid is driving the market 75
10.4.6 REST OF EUROPE 76
10.5 SOUTH AMERICA 76
10.5.1 BRAZIL 78
10.5.1.1 Rising investments in T&D infrastructure development is driving the market 78
10.5.2 ARGENTINA 79
10.5.2.1 Investment in infrastructure and energy efficiency projects is driving the market 79
10.5.3 CHILE 79
10.5.3.1 Medium voltage dominated the DC circuit breaker Market 79
10.5.4 REST OF SOUTH AMERICA 80
10.6 MIDDLE EAST & AFRICA 81
10.6.1 UAE 83
10.6.1.1 Investment in smart grid infrastructure and rising demand for electricity are driving the market 83
10.6.2 SAUDI ARABIA 84
10.6.2.1 Expansion of T&D lines is expected to drive the market 84
10.6.3 SOUTH AFRICA 84
10.6.3.1 Increasing focus on the refurbishing existing electrical grid is expected to Boost the Demand for DC circuit breaker market 84
10.6.4 REST OF THE MIDDLE EAST & AFRICA 85

11 COMPETITIVE LANDSCAPE 86
11.1 OVERVIEW 86
11.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2018 88
11.3 COMPETITIVE LANDSCAPE MAPPING, 2018 89
11.3.1 VISIONARY LEADERS 90
11.3.2 INNOVATORS 90
11.3.3 DYNAMIC DIFFERENTIATORS 90
11.3.4 EMERGING COMPANIES 90
11.4 COMPETITIVE SCENARIO 90
11.4.1 CONTRACTS & AGREEMENTS 91
11.4.2 INVESTMENTS & EXPANSIONS 92
11.4.3 MERGERS & ACQUISITIONS 92
11.4.4 OTHERS 93
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12 COMPANY PROFILE 94
(Business overview, Products offered, Recent Developments, MNM view)*
12.1 ABB 94
12.2 MITSUBISHI ELECTRIC CORPORATION 102
12.3 LARSEN & TOUBRO 105
12.4 ROCKWELL AUTOMATION 117
12.5 ENTEC ELECTRIC & ELECTRONIC 120
12.6 TOSHIBA 121
12.7 CG POWER AND INDUSTRIAL SOLUTONS LIMITED 128
12.8 EATON 132
12.9 FUJI ELECTRIC 135
12.10 POWELL INDUSTRIES 137
12.11 SIEMENS AG 139
12.12 BRUSH GROUP 143
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 144
13.1 INSIGHTS OF INDUSTRY EXPERTS 144
13.2 DISCUSSION GUIDE 145
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 148
13.4 AVAILABLE CUSTOMIZATIONS 150
13.5 RELATED REPORTS 150
13.6 AUTHOR DETAILS 151



List of Figures



FIGURE 1 DC CIRCUIT BREAKER MARKET 21
FIGURE 2 ASIA PACIFIC DOMINATED THE DC CIRCUIT BREAKER MARKET IN 2018 24
FIGURE 3 GAS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 25
FIGURE 4 MEDIUM VOLTAGE SEGMENT IS EXPECTED TO LEAD THE DC CIRCUIT BREAKER MARKET DURING THE FORECAST PERIOD 25
FIGURE 5 SOLID-STATE SEGMENT IS EXPECTED TO LEAD THE DC CIRCUIT BREAKER MARKET DURING THE FORECAST PERIOD 26
FIGURE 6 INCREASING INVESTMENTS IN THE ELECTRICAL NETWORK INFRASTRUCTURE IS EXPECTED TO DRIVE THE DC CIRCUIT BREAKER MARKET 27
FIGURE 7 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 28
FIGURE 8 MEDIUM VOLTAGE SEGMENT DOMINATED THE DC CIRCUIT BREAKER
MARKET IN 2018 28
FIGURE 9 VACUUM SEGMENT IS EXPECTED TO DOMINATE THE DC CIRCUIT BREAKER MARKET, BY INSULATION, DURING THE FORECAST PERIOD 29
FIGURE 10 SOLID-STATE SEGMENT DOMINATED THE DC CIRCUIT BREAKER MARKET BY TYPE, IN 2018 29
FIGURE 11 TRANSMISSION AND DISTRIBUTION UTILITIES SEGMENT DOMINATED THE DC CIRCUIT BREAKER MARKET, BY END-USER, IN 2018 30
FIGURE 12 DC CIRCUIT BREAKER SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 31
FIGURE 13 DC RERRENEWABLE ENERGY GENERATION (TWH) CIRRENEWABLE ENERGY GENERATIONCUIT BREAKER SYSTEM MARKET 34
FIGURE 14 DC CIRCUIT BREAKER MARKET, BY VOLTAGE, 2019–2024 (USD MILLION) 38
FIGURE 15 DC CIRCUIT BREAKER MARKET, BY TYPE, 2019–2024 (USD MILLION) 42
FIGURE 16 DC CIRCUIT BREAKER MARKET, BY INSULATION, 2019–2024 (USD MILLION) 46
FIGURE 17 DC CIRCUIT BREAKER MARKET, BY END-USER, 2019–2024 (USD MILLION) 50
FIGURE 18 REGIONAL SNAPSHOT: ASIA PACIFIC DC CIRCUIT BREAKER MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 55
FIGURE 19 ASIA PACIFIC: REGIONAL SNAPSHOT 57
FIGURE 20 NORTH AMERICA: REGIONAL SNAPSHOT 65
FIGURE 21 KEY DEVELOPMENTS IN THE DC CIRCUIT BREAKER MARKET, 2016–2019 87
FIGURE 22 ABB LED THE DC CIRCUIT BREAKER MARKET IN 2018 88
FIGURE 23 DC CIRCUIT BREAKER MARKET (GLOBAL) COMPETITIVE LANDSCAPE
MAPPING, 2018 89
FIGURE 24 ABB: COMPANY SNAPSHOT 94
FIGURE 25 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 103
FIGURE 26 LARSEN & TOUBRO: COMPANY SNAPSHOT 105
FIGURE 27 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 117
FIGURE 28 TOSHIBA: COMPANY SNAPSHOT 121
FIGURE 29 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: COMPANY SNAPSHOT 128
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FIGURE 30 EATON: COMPANY SNAPSHOT 132
FIGURE 31 FUJI ELECTRIC: COMPANY SNAPSHOT 135
FIGURE 32 POWELL INDUSTRIES: COMPANY SNAPSHOT 137
FIGURE 33 SIEMENS AG: COMPANY SNAPSHOT 139

 

List of Tables



TABLE 1 PRODUCT SHIPMENTS VALUE , INSTALLED CAPACITY OF KEY END-USER INDUSTRIES, AND T&D INVESTMENTS ARE THE DETERMINING FACTORS FOR THE GLOBAL DC CIRCUIT BREAKER MARKET 19
TABLE 2 GLOBAL DC CIRCUIT BREAKER MARKET SNAPSHOT 23
TABLE 3 ELECTRICITY NEWORKS INVESTMENT BY REGION, 2017 (USD BILLION) 32
TABLE 4 GLOBAL T&D INFRASTRUCTURE EXPANSION PLANS 33
TABLE 5 DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE, 2019–2024 (USD MILLION) 38
TABLE 6 MEDIUM VOLTAGE: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2019–2024 (USD MILLION) 39
TABLE 7 HIGH VOLTAGE: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2019–2024 (USD MILLION) 40
TABLE 8 DC CIRCUIT BREAKER MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 42
TABLE 9 SOLID-STATE: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 43
TABLE 10 HYBRID: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 44
TABLE 11 DC CIRCUIT BREAKER MARKET SIZE, BY INSULATION, 2017–2024 (USD MILLION) 46
TABLE 12 VACUUM: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2019–2024 (USD MILLION) 47
TABLE 13 GAS: DC CIRCUIT BREAKER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 48
TABLE 14 DC CIRCUIT BREAKER MARKET, BY END-USER, 2017–2024 (USD MILLION) 50
TABLE 15 TRANSMISSION AND DISTRIBUTION UTILITIES: DC CIRCUIT BREAKER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 51
TABLE 16 POWER GENERATION: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 52
TABLE 17 RENEWABLES: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 53
TABLE 18 RAILWAYS: DC CIRCUIT BREAKER MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 53
TABLE 19 DC CIRCUIT BREAKER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 56
TABLE 20 ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION 58
TABLE 21 ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY INSULATION 2017–2024 (USD MILLION) 58
TABLE 22 ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 58
TABLE 23 ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 59
TABLE 24 ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 59
TABLE 25 CHINA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 60
TABLE 26 INDIA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 61
TABLE 27 JAPAN: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 62
TABLE 28 SOUTH KOREA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 63
TABLE 29 REST OF ASIA PACIFIC: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 64
TABLE 30 NORTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 66
TABLE 31 NORTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY INSULATION 2017–2024 (USD MILLION) 66
TABLE 32 NORTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 66
TABLE 33 NORTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 67
TABLE 34 NORTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 67
TABLE 35 US: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION) 68
TABLE 36 CANADA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 68
TABLE 37 MEXICO: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 69
TABLE 38 EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 70
TABLE 39 EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY INSULATION 2017–2024 (USD MILLION) 71
TABLE 40 EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 71
TABLE 41 EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 71
TABLE 42 EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 72
TABLE 43 RUSSIA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 72
TABLE 44 UK: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION) 73
TABLE 45 GERMANY: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 74
TABLE 46 ITALY: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 75
TABLE 47 FRANCE: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 75
TABLE 48 REST OF EUROPE: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 76
TABLE 49 SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 76
TABLE 50 SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY INSULATION 2017–2024 (USD MILLION) 77
TABLE 51 SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 77
TABLE 52 SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY END-USER 2017–2024 (USD MILLION) 77
TABLE 53 SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 78
TABLE 54 BRAZIL: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 78
TABLE 55 ARGENTINA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 79
TABLE 56 CHILE: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 80
TABLE 57 REST OF SOUTH AMERICA: DC CIRCUIT BREAKER MARKET SIZE BY VOLTAGE, 2017–2024 (USD MILLION) 80
TABLE 58 MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE, 2017–2024 (USD MILLION) 81
TABLE 59 MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE BY INSULATION, 2017–2024 (USD MILLION) 81
TABLE 60 MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE BY TYPE, 2017–2024 (USD MILLION) 82
TABLE 61 MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE BY END-USER, 2017–2024 (USD MILLION) 82
TABLE 62 MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE BY COUNTRY, 2017–2024 (USD MILLION) 82
TABLE 63 UAE: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 83
TABLE 64 SAUDI ARABIA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 84
TABLE 65 SOUTH AFRICA: DC CIRCUIT BREAKER MARKET SIZE, BY VOLTAGE 2017–2024 (USD MILLION) 85
TABLE 66 REST OF MIDDLE EAST & AFRICA: DC CIRCUIT BREAKER MARKET SIZE BY VOLTAGE, 2017–2024 (USD MILLION) 85
TABLE 67 LARSEN & TOUBRO, MOST ACTIVE PLAYER IN THE MARKET
BETWEEN 2016 AND 2019 90