Molded Case Circuit Breaker (MCCB) Market Is Expected To Reach US$ 10 Bn By 2025 | Credence Research

Molded Case Circuit Breaker (MCCB) Market Is Expected To Reach US$ 10 Bn By 2025 | Credence Research

According to a new market research report published by Credence Research “Molded Case Circuit Breaker (MCCB) Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025”, the global molded case circuit breaker market to expand with a CAGR of 5.4% from 2017 to 2025, to cross the US$ 10 Bn mark by 2025.

Market Insights

Molded case circuit breaker (MCCB) refers to an electromagnetic device used for electrical protection of different devices and electrical loads. These form among the most crucial components in any electrical circuit as they prevent electricity overloading thereby avoiding damage to electrical wiring, devices, and electrical fire outbreak. The overall MCCB market is majorly driven by the ever-rising electricity consumption and continued modification in electricity infrastructure. In addition, growing inclination towards using more reliable electricity protection devices is another major factor supporting the penetration of MCCB and MCB over conventional fuse wires.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/molded-case-circuit-breaker-mccb-market

Global demand for electricity is rising at an alarming rate owing to factors such as increasing industrialization and population growth. According to the International Energy Agency, electricity consumption worldwide is projected to hit 30,000 terawatt-hours (TWh) by 2030. This would create substantial opportunities for the adjacent markets such as electrical equipment and protection devices. Subsequently, with the constant rise in electricity production and consumption, the demand for MCCBs and MCBs would continue to rise in the following years.

The overall MCCB market is segmented on the basis of type, current rating, end-users, and geographic regions. On the basis of type, the market is segmented into a molded case circuit breaker (MCCB) and miniature circuit breakers (MCB). As of 2016, the market is led by the MCCB segment contributing to nearly sixty percent of the total market revenue. The most significant difference between MCCB and MCB is the high current rating of MCCBs ranging more than 1,000A, making them suitable for heavy applications. Since industry accounts for nearly forty percent of the total electricity consumption worldwide, the MCCB segment would continue to dominate the market throughout the forecast period.

The market is further categorized on the basis of end-user into transmission & distribution, industrial manufacturing & processing, power generation, residential construction, commercial construction & infrastructure, and transportation. On the basis of geographic regions, the market is classified into North America, Europe, Asia Pacific and Rest of the world (RoW). Currently, Asia Pacific dominates the overall MCCB market and is projected to continue expanding with the highest growth rate during the forecast period.

The overall market is relatively consolidated in nature with the top five players contributing to more than fifty percent of the total market revenue.

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List of Companies Covered:

  • ABB Ltd.
  • Siemens AG
  • Schneider Electric SE
  • General Electric Company
  • Toshiba Corporation
  • Eaton Corporation Plc.
  • Alstom SA
  • Mitsubishi Electric Corporation
  • Fuji Electric Co., Ltd.
  • Hitachi Industrial Equipment Systems
  • Legrand SA
  • Rockwell Automation, Inc.
  • Huayi Electric Co., Ltd.
  • Havells India Ltd.
  • Chint Group

Market Segmentation:

By Device Type

  • Molded Case Circuit Breakers (MCCB)
  • Miniature Circuit Breakers (MCB)

By Current Rating Type

  • 0-75 A
  • 76A-250A
  • 251A-1000A
  • More than 1000A

By End-user Type

  • Transmission & Distribution
  • Industrial Manufacturing & Processing
  • Power Generation
  • Commercial
  • Residential
  • Transportation

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58460

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