UK Low Voltage DC Circuit Breaker Market 2019-2025
発行: Orion Market Research Pvt Ltd
UK 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
UK low voltage DC circuit breaker market is expected to grow at a CAGR of 9.6% during the forecast period. UK is among the largest economy in Europe, majorly owing to its trading power and financial businesses. The country has an extensive trade relationship with other European members, owing to its single market membership. The country has well-developed ICT infrastructure, with continuous development in the electronics industry.
UK is considered as one of the major contributors in the European LVDC circuit breakers market owing to the significant potential of the automotive industry. Other than the automotive industry, the solar energy sector also has substantial opportunities for the low voltage DC circuit breaker market. The introduction of the feed-in-tariff contributes to the rapid growth of photovoltaic (PV) module industry, with many thousands of domestic installations along with numerous commercial, community and industrial projects. For instance, in 2019, the UK Government commenced two projects that include Cleve Hill and Little Crow mega-scale projects. Solar power use has increased very rapidly in recent years owing to the reduction in the cost of solar PV panels supported by government initiatives. This, in turn, will likely drive the demand for low voltage DC circuit breakers in solar panels to withstand direct fault currents under high voltages.
The major players operating in the market include ABB Ltd., Eaton Corp., Larsen and Toubro Ltd., Schneider Electric S.E., and Siemens AG. To expand market share, these companies are adopting several strategies, including mergers and acquisitions, product launches, geographical expansion, and partnerships and collaborations.
The market study of the UK 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: