HD Hyundai Electric Accelerates Expansion into the North American Low- and Medium-Voltage Circuit Breaker Market with UL Certification

Core Insights - HD Hyundai Electric has secured UL and cUL certifications for four types of low- and medium-voltage circuit breakers, enhancing its competitiveness in the North American market [2][7] - The global low- and medium-voltage circuit breaker market is projected to grow significantly, from USD 12.2 billion in 2024 to nearly USD 29.2 billion by 2034, with a compound annual growth rate (CAGR) of 8.8% [5][7] Company Developments - The company plans to expand its market presence beyond high-voltage transformers into the low- and medium-voltage circuit breaker sector in North America [6][7] - A new power distribution equipment plant in Cheongju, Korea, is set to be completed by the end of this year, which will double the company's annual production capacity of low- and medium-voltage circuit breakers to approximately 13 million units [6][7] Industry Context - Low- and medium-voltage circuit breakers are essential for power distribution systems, ensuring stable electricity supply and protecting facilities from overloads [4][6] - The UL certification is crucial for electrical products in North America, as it signifies safety and quality, thereby enhancing product reliability and market competitiveness [3][6]