Molded Case Circuit Breakers Market by Competitive Analysis and Forecast 2023

Posted by Anvi on February 19th, 2020

Molded Case Circuit Breakers (MCCB) Market Analysis:

The most crucial components of a whole electrical circuit system are circuit breakers because they can prevent the overload or short circuits from electronic devices and loads. Molded Case Circuit Breaker (MCCB) is defined as a miniature circuit breaker that is primarily used for protecting an electrical circuit from short circuits and connect or disconnect loads from the electrical source in a secure way. Market Research Future (MRFR) has published a research report about the global Molded Case Circuit Breakers Market that anticipates elevation for this market at 6.28% CAGR between 2018 and 2024.

Molded Case Circuit Breaker (MCCB) is an essential component in an electrical circuit as it prevents electricity overloading, damage to electrical wiring and devices, and electrical fire outbreak. MCCB commonly works based on two elements, namely thermal element for overcurrent and a magnetic element for short circuit release. The MCCB market is primarily driven by the rising electricity consumption and continued reform in electricity infrastructure. 

The remarkable factor driving the global molded case circuit breakers market growth is continued reform in electricity infrastructure and rising electricity consumption. Other important market driving factors include growing demand for electrical equipment as well as protection devices and high growth in the construction sector. However, fluctuating working characteristics of the breaker depending on the ambient temperature can restrict the demand for molded case circuit breaker devices.

Global Molded Case Circuit Breakers (MCCB) Market Segmentation:

The global molded case circuit breakers market segmentation has segmented the market into end-user, rated current, and region. Based on end-user, this market is being segmented into chemicals, manufacturing & process industry, power generation, residential & commercial, transmission & distribution, and others. In the context of rated current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A.

Regional Analysis

The regional segmentation of the global molded case circuit breakers market has segmented the market into the regional markets, namely North America, Europe, Asia Pacific, and rest of the world (RoW).

Geographically, the Asia Pacific region is the dominating as well as the fastest growing region for the MCCB market. The Middle East & Africa region is expected to contribute significantly in the global market during the forecast period. The Middle East countries are expanding their cross-border electricity trade and integrating wind and other renewable energies, increasing the load flow on aging networks. For instance, GE  signed a contract with the government of Egypt to deliver 2,683 GW of electricity. Additionally, higher focus on efficient and reliable power transmission, along with the installation of new energy infrastructure in emerging economies, is expected to boost the Middle East MCCB market. 

Key Players

The key players in the global molded case circuit breakers market include Chint Group (China), Eaton Corporation PLC (Ireland), Fuji Electric Co., Ltd. (Japan), General Electric (USA), Havells India Ltd. (India), Hitachi Industrial Equipment Systems (Japan), Huayi Electric Co. Ltd (China),  Legrand SA (France), Maxguard (Malaysia), Mitsubishi Electric Corporation (Japan), Noark Electric (USA) Inc. (USA), Rockwell Automation, Inc. (USA), Schneider Electric (France), Siemens AG (Germany), and Toshiba Corporation (Japan).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.