Molded Case Circuit Breakers (MCCB) Market 2019: Global Size, Share, Growth Opportunities, , Competitive Landscape and Comprehensive Research Till 2023

Molded Case Circuit Breakers (MCCB) Market 2019: Global Size, Share, Growth Opportunities, , Competitive Landscape and Comprehensive Research Till 2023

“Molded Case Circuit Breakers (MCCB) Market”
Market Research Future published a research report on global molded case circuit breaker (MCCB) Market to witness a CAGR of around 6.28% during 2018 to 2024. Global Molded Case Circuit Breakers (MCCB) Market By Rated Current, End-User (Manufacturing & Process Industry, Residential & Commercial, Transmission & Distribution, Power Generation, and Others), and Region – Forecast Till 2024.

Synopsis of Global Molded Case Circuit Breakers (MCCB) Market

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. 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.

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.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/5902

Key Players:

  • 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).

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.

Global Molded Case Circuit Breakers Regional Industry 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).

The Asia Pacific region has been estimated to be the largest regional market during the forecast period due to the high growth in the construction sector, high population growth in countries like China and India, advancement in lifestyle of people, and rising demand for modernizing the existing electricity infrastructure that can serve the increasing demand for electricity. China is the largest country-specific market power transmission & distribution segment. Other critical country-specific markets in this region are Australia, Japan, and South Korea, followed by the remaining countries of the Asia Pacific region.

During the forecast period, North America is expected to be the second largest regional market due to stringent compliance requirements on electrical safety, high investment in transmission & distribution network, and subsequent wide scope for the usage of electrical components in this region. USA and Canada are the most important country-specific markets in this region.

Europe is an important regional market due to the increasing number of cross border interconnections that is leading to the growth of the transmission and distribution (T&D) equipment industry in this region. Second market driver in Europe is the interconnected grid that can transfer electricity between countries like France, Germany, Poland, Sweden, and the U.K. Third important market driving factor is the improvement of grid reliability. Other important market drivers in Europe are combining reserves as well as the reduction in the investments in power-generating capacity, demand to reduce dependence on conventional fossil fuels and the subsequent switch-over by many countries to renewable energy power generation. Another important country-specific market in this region is Spain, followed by the remaining countries of Europe.

The RoW segment primarily covers the countries of the Middle East & Africa (MEA). During the forecast period, the MEA regional market is expected to contribute significantly because many countries of the Middle East not only expanding their cross-border electricity trade but are also integrating wind and other renewable energies. They are also increasing the load flow on aging networks.

Latest Industry News

  • MAR 2019 – Following $2.6 billion acquisition of GE Industrial Solutions, ABB has unveiled its expanded portfolio at ABB Customer World (ACW) at Houston. This portfolio covers source to socket electrification solutions that have been designed to equip customers with the latest electrical innovations that can meet the growing electricity demands of a smarter society.

Get Complete Molded Case Circuit Breakers (MCCB) Market Report at: https://www.marketresearchfuture.com/reports/molded-case-circuit-breakers-market-5902

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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/molded-case-circuit-breakers-market-5902