South Korea low voltage DC circuit breaker market is expected to grow at a CAGR of 6.7% during the forecast period. Increasing solar panel installations in South Korea is primarily contributing to the growth of the market in the country. As per the IRENA, South Korea’s solar energy capacity reached around 7.9 GW in 2018, from 3.6 GW in 2015. Some government projects for solar power are further creating scope for the expansion of solar power capacity in the country. For instance, in July 2019, the South Korean government declared 2.1 GW floating PV project. This is expected to increase the adoption of low voltage DC circuit breakers for use in solar PV modules to withstand direct fault currents under high voltages.
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The market study of the South Korea 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.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2024
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
South Korea Low Voltage DC Circuit Breaker Market by Type
- Air Circuit Breakers (ACB)
- Molded Case Circuit Breakers (MCCB)
- Miniature Circuit Breakers (MCB)
South Korea Low Voltage DC Circuit Breaker Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- ABB Ltd.
- Eaton Corp.
- Entec Electric & Electronic Co., Ltd.
- Hyosung Group
- Hyundai Electric & Energy Systems Co., Ltd.
- Larsen and Toubro Ltd.
- Mitsubhishi Electric Corp.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Sensata Technologies, Inc.
- Siemens AG
The Report covers:
- Comprehensive research methodology of the South Korea low voltage DC circuit breaker market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the South Korea low voltage DC circuit breaker market.
- Insights about market determinants which are stimulating the South Korea low voltage DC circuit breaker market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players
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