France Low Voltage DC Circuit Breaker Market 2019-2025
発行: Orion Market Research Pvt Ltd
France Low Voltage DC Circuit Breaker Market Size, Share & Trends Analysis Report, By Type (Air Circuit Breakers, Molded Case Circuit Breakers, and Miniature Circuit Breakers), By Application (Residential, Commercial, and Industrial) and Forecast, 2019-2025
France low voltage DC circuit breaker market is expected to grow at a CAGR of 7.6% during the forecast period. France has a quality solar panel installation system and favorable government policies, which are boosting the LVDC circuit breakers market. In 2018, the government has decided to encourage demand response and take initiatives to launch programme and set investment targets under the multi-annual energy planning (PPE). France plans to reduce the share of nuclear energy to 50% in the electricity mix by 2025. The government has also planned growth of the share of electric vehicles, and variable renewable electricity will require enhanced power system operation and flexibility, including demand-side response, smart grids and metering, and more interconnections. This is expected to increase the installation of solar rooftop panels in the country, hence create opportunities for LVDC circuit breakers.
Moreover, the automotive industry in France is creating considerable demand for LVDC circuit breakers market. The automotive market in France is showing a considerable growth rate in recent years. As per OICA, in 2017, France vehicle market has recorded a growth rate of 6.9% in 2017. About 2.1 million passenger cars were sold in 2017 with a growth rate of 4.6%, year on year basis. The country has ranked 3rd in the passenger car sales in Europe after Germany and UK. Besides this, France registered the highest selling of commercial vehicle in Europe followed by the UK and Germany. Approximately 2/3rd of vehicles manufactured in the nation are either of PSA or Renault Company. Light commercial vehicle (less than 3.5 ton) has registered a growth of 7.0% in 2016 as registration reached 408,500. The heavy-duty vehicle has registered an increase of 12.8% in 2016 with 41,600 new registrations. Hence, the growing automotive industry in France will significantly drive the adoption of low voltage DC circuit breakers in the country. DC circuit breakers are used for personnel and property protection, protection against fire and additional protection against short circuits and faults.
The companies operating 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 February 2019, Schneider Electric SE declared the launch of Masterpact MTZ; it is a high-power low voltage circuit breaker that combining combines the performance and reliability with new digital capabilities. Materpact MTZ is a circuit breaker that offers the customer with benefits of extended performance, better security, safety, and reliability. It combines and manages with smart panel architecture and controlled by the supervision system to carry out preventive maintenance and energy management.
The market study of the France 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. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include::
The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report covers: