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. 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. 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.
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Molded Case Circuit Breakers (MCCB) Market Segments Analysis:
For the purpose of this study, the global MCCB market has been divided into two segments, namely rated current and end-user.
On the basis of end-user, the market has been segmented into transmission & distribution, manufacturing & process industry, residential & commercial, power generation, and others.
On the basis of rated Current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A.
Geographically, the global MCCB market has been segmented into four major regions, such as North America, Europe, Asia Pacific, and Rest of the World. The
Asia Pacific region has accounted for the biggest market share in 2017 and is projected to grow at the highest CAGR throughout the forecast period. High growth in the construction sector is the major factor driving the growth of the market.
North America is expected to be the second largest region for MCCB market. Stringent compliance requirements on electrical safety is the factor driving the growth of the market in this region.
Europe is another major region for the MCCB market. The increasing number of cross border interconnections will drive the growth of the Transmission and Distribution (T&D) equipment industry in Europe. Europe is developing an interconnected grid that can transfer electricity between countries, such as the U.K, Poland, Germany, France, and Sweden.
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).
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
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
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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