Moulded case circuit breakers (MCCBs) are expected to experience a CAGR of 5.2% from 2022 to 2032, increasing from US$ 9.7 million in 2022 to US$ 16.2 million by 2032. The development of the electric power distribution network will be the primary factor in the growth of the molded case circuit breaker (MCCB) market between 2022 and 2032.
Due to their capacity to securely connect and disconnect loads from the power supply as well as guard an electrical circuit against short circuits, molded case circuit breakers (MCCB) are anticipated to see an increase in demand in the next year.
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Molded Case Circuit Breaker (MCCB) Market: Market Dynamics
Molded-case circuit breakers are used to connect and disconnect low-voltage circuits and protect wiring by automatically isolating the circuits when they’re overloaded or if a short circuit occurs. Rising electricity consumption coupled with expanding power distribution network is the key factor that contributes to the growth of the global molded case circuit breaker (MCCB) market.
Continuous adoption of circuit barker power protection solutions by residential, industrial, and commercial sectors across various regions globally accelerates the growth of the global molded case circuit breaker (MCCB) market. The growing importance to implement rigorous practices to minimize arc flash hazards in high voltage environments and expanding electrical safety compliance requirements in the manufacturing and energy sector further fuels the growth of the global molded case circuit breaker (MCCB) market.
However high-cost possibilities of delayed tripping since the operating characteristics of the breaker vary depending on the ambient temperature are the minor factors identified as restraints that may deter the progression of the global molded case circuit breaker (MCCB) market.
Who are Some of the Key Competitors in the Molded Case Circuit Breaker Market?
Some of the prominent players in the global molded case circuit breaker(MCCB) market include
- General Electric,
- Eaton,
- Mitsubishi Electric Corporation,
- Fuji Electric FA Components & Systems Co., Ltd,
- Schneider Electric,
- Siemens AG,
- Hitachi Industrial Equipment Systems Co., Ltd.,
- Rockwell Automation, Inc.( Allen-Bradley), and
- Legrand.
These key player industries are innovating the new skill and ideas to acquire the lion’s share in the molded case circuit breaker market trends during the forecast period.
Recent Development in Molded Case Circuit Breaker Market is
- The newly molded case circuit breaker improves in its product comprehensive technical as well as economic indicators compared to the old molded case circuit breaker.
- The new generation molded case circuit breaker reduces the volume and improves the performance with its double breakpoint breaking technology. The newly molded case circuit breaker is made up of plastic which is more reliable as compared to old ones.
Molded Case Circuit Breaker (MCCB) Market: Regional Outlook
Among all regions, molded case circuit breaker (MCCB) market in North America is expected to dominate the market, due to stringent compliance requirements on electrical safety. Asia-Pacific is projected to be the fastest-growing market due to rapid industrialization and expanding commercial and residential infrastructure.
Key Segments
By Power Range:
- 0–75A
- 75–250A
- 250–800A
- Above 800A
By End User:
- Residential
- Commercial
- Manufacturing
- Power Generation, Transmission and Distribution
- Government
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- META
- Europe
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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