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 major players in the market include ABB Ltd., Eaton Corp., Hyundai Electric & Energy Systems Co., Ltd., 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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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