Circuit breakers are among the most crucial components of an overall electrical circuit system. These are essential in order to protect electronic devices and loads, in case of short circuits or overload of electric current. Molded case circuit breaker is defined as electrical protection device that embodies the entire enclosure in a molded insulating material. The biggest difference between MCCB and miniature circuit breaker (MCB) is the current rating supported by these devices. MCCB typically operates in electrical circuits having current rating more than 1,000 A (typically upto 2,500 A); whereas, MCB operates in current rating of upto 100 A. Thus, MCCBs are primarily used in industrial, power generation and transmission & distribution applications requiring heavy protection capacity.
The most prominent factor fueling the market growth is the consistently rising electricity consumption and production. With the rapid industrialization along with steadily increasing population, electricity consumption is projected to reach nearly 30,000 TWh by 2030. This would lead to constant growth across the electrical equipment industry in the following years. Thus, the overall MCCB market is set to witness robust growth worldwide during the forecast period.
The report titled “Global Molded Case Circuit Breaker (MCCB) Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global molded case circuit breakers market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on device type, current rating, end-user and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision makers, the report also includes competitive profiling of the leading molded case circuit breaker vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are ABB Ltd., Siemens AG, Alstom SA, Toshiba Corporation, Schneider Electric SE, Mitsubishi Electric Corporation. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:
As of 2021, the overall MCCB and MCB market was dominated by the MCCB segment. The segment contributed to more than sixty percent of the total market revenue generated worldwide, in 2021. MCCB is a type of electrical protection device that is primarily used when load current exceeds the capacity of MCBs. The most prominent difference between the MCCB and MCB is the high current rating capacity of MCCBs, ranging upto 2,500 A. Thus, MCCBs are principally used in heavy applications such as industrial manufacturing & processing, power generation, transmission & distribution and some of the heavy commercial applications. However, with the strong trend of replacing traditional fuse wires with MCBs in residential applications, the segment would exhibit the highest growth during the forecast period.
As of 2021, the overall molded case circuit breakers market worldwide is led by the Asia Pacific region. The region contributes to more than forty percent of the total market revenue generated worldwide. The market here is majorly backed by countries such as China, Japan, India, South Korea and others. Due to huge industrial sector coupled with population, Asia Pacific has emerged the largest consumer of electricity across the world. Due to improving electricity infrastructure across the region, the demand for related electrical equipment and devices is largely supported here. Owing to strong anticipated industrial as well as population growth in the region, Asia Pacific would continue to dominate the market throughout the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Molded Case Circuit Breaker (MCCB) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Device
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Current Rating
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End-use
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
