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Asia-Pacific Low Voltage DC Circuit Breaker Market Size, Share And Forecast 2019-2025

Asia-Pacific Low Voltage DC Circuit Breaker Market Size, Share And Forecast 2019-2025

Submitted by • May 13, 2020 www.omrglobal.com

Asia-Pacific low voltage DC circuit breaker market is estimated to grow at a CAGR of 8.8% during the forecast period. Asia-Pacific low voltage DC circuit breakers market is being significantly driven by the emerging demand for solar panels and growth in the electric vehicles market in the region. A significant rise in the demand for electric vehicles has been reported in China, which in turn, is driving the market growth. For instance, as per the International Energy Agency (IEA), Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year.

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Voted by mansi3210

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