The demand for efficient circuit breakers is growing rapidly owing to various advantages, including automatic switching during abnormal electrical conditions, tripping in electrical faults, and quick restoration of electrical supply by switching on the operation.
MCBs (Miniature Circuit Breakers) and MCCBs (Molded Case Circuit Breakers) prevent the overheating of home appliances and reusable protection system as well as they avoid electrical accidents in households and offices.
For more information or any query mail at email@example.com
The global MCB and MCCB market is projected to grow at 7.28% CAGR during the forecast period, 2018–2023. In 2017, the global MCB and MCCB market was led by Asia-Pacific with a 34.06% share, followed by Europe and North America with shares of 25.35% and 21.71%, respectively.
The MCB and MCCB market has been segmented based on type, rated current, End-Use, and region. On the basis of type, the market has been segmented into, MCB and MCCB. The MCCB is expected to grow at the faster rate during the forecast period. In 2017, the MCCB segment held a 60.35% share of the global MCB and MCCB market. On the basis of rated current, the market has been segmented into, up to 20A, 21-75 A, 76-250 A, 251- 800 A, and above 800 A. The 76-250 A is expected to grow at the fastest rate during the forecast period. In 2017, the 76-250 A segment held a 29.67% share of the global MCB and MCCB market. On the basis of end-use, the market has been segmented into, power generation, transmission & distribution, residential & commercial, manufacturing and process industries, transportation and others (agriculture and defense). In 2017, the residential & commercial segment held a 37.47% share of the global MCB and MCCB market.
Latest Update Of Semiconductor Industry :-
The semiconductor industry is one of the largest industries in the world and isone of the few industries contributing to the technological advancements, economic growth, and hiring highly skilled workforce globally. The chief semiconductor end-user segments have been identified as communications, IT, and consumer electronics. The categories that are projected to drive the semiconductor market globally at present are analog devices, application-specific integrated circuits (ASIC), discrete circuits, memory chips, and microprocessors. This is anticipated to create new possibilities in biotechnology, electro-mechanical devices, medical sciences, nano-sciences, photonics, remote sensing, etc. The increasing consumer demand for automotive components, consumer electronics products such as mobile phones, IT hardware, and office automation products, is driving the growth of the semiconductors industry.
Demand for chips related to the rapidly growing use of artificial intelligence (AI) is expected to contribute substantially to the industry’s global growth, majority of which is supported by the globally significant automotive and industrial sectors. Technological advancements in current times are widening the growth opportunities of the semiconductors industry. The automotive industry contributes to the semiconductor industry due to robust penetration rates of electric and hybrid automobiles and the tremendous market potential for autonomous vehicles. Meanwhile, demand for chips in traditional cars remains strong. The industrial sector continues to be driven by increasing demand for AI chips and strength in both the security and healthcare sectors. The semiconductors industry is also driven due to the advancement of smartphones, and the introduction of 5G technology. Meanwhile, the consumer electronics industry is expected to contribute to the industry will generate owing to the constant demand for TVs, video-game consoles, wireless consoles and handhelds, and digital set-top boxes. Another recent trend that is contributing significantly to the global semiconductors industry is the growing demand for wearable devices.
Table Of Content – Major key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global MCB and MCCB Market, by Type
6 Global MCB and MCCB Market, by Rated Current
7 Global MCB and MCCB Market, by End-Use
8 Global MCB and MCCB Market, by Region
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349