Molded Case Circuit Breakers (MCCB) Market Size to Grow at a CAGR of 6.28% From 2018- 2024 | Key Players: Schneider Electric, Eaton Corporation Plc., Rockwell Automation, Mitsubishi Electric Corporation, Hitachi Industrial Equipment Systems, Noark Electri

The MCCB market is primarily driven by the rising electricity consumption and continued reform in electricity infrastructure. Global demand for electricity is increasing at an alarming rate. According to the International Energy Agency (IEA), worldwide electricity consumption is expected to hit 30,000 terawatt hours (TWh) by 2030. This would produce considerable opportunities for the associated markets, such as electrical equipment and protection devices. Consequently, with the continuous rise in electricity production and consumption, the demand for MCCBs would continue to rise in the following years.

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Additionally, high growth in the construction sector across the globe is fuelling the growth of the market. However, factors such as fluctuating working characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices.

Molded Case Circuit Breakers Market Segmental Analysis:
For the purpose of this study, the global molded case circuit breakers market has been divided into two segments, namely rated current and end-user.

On the basis of rated current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A. In 2017, 76A–250A dominated the rated current segment of the MCCB market. These MCCBs are being mostly used in infrastructure sector, especially residential and commercial. The growing infrastructure sector in emerging economies is expected to drive the market for 76A–250A sub-segment.

On the basis of end-user, the global molded case circuit breakers market has been divided into transmission & distribution, manufacturing & process industry, residential & commercial, power generation, and others. Transmission & distribution dominates the end-user segment of the MCCB market and is expected to grow at the fastest rate during the forecast period. Increasing modernization of aging infrastructure is a major factor driving the growth of the market.

Key Players:

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

Detailed Regional Analysis:

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.

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Brief TOC of Global Molded Case Circuit Breakers (MCCB) Market

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Rated Current
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…..

List Of Figures

Figure 1 Research Rated Current Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Continued…..

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