The global MCB and MCCB market is
estimated to expand at ~7.02% CAGR during the forecast period. MCB (Miniature Circuit Breaker) and
MCCB (Molded Case Circuit Breaker) are the two type of electrical circuit
breaker used for electric protection of different devices and electrical loads.
MCB is generall used in home electrical applications to withstand rated current
as high as 100 amperes. MCCB is a heavier duty circuit breaker that can
withstand up to 2,500 amperes and is also used for overload detection and fault
protection.
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Global demand for electricity is increasing on a
large-scale owing to factors such as increasing industrialization and
population growth. According to the International Energy Agency (IEA), the
electricity consumption worldwide is projected to hit 30,000 terawatt hours
(TWh) by 2030. This
would create opportunities for the adjacent markets such as electrical
equipment and protection devices. Additionally, with the constant rise in
electricity production and consumption, the demand for MCCBs and MCBs would
continue to rise during the forecast period. One of the major restraints for
the global MCB and MCCB market is the inconsistencies of these two devices such
as vulnerability to heat and slow tripping.
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Segmentation:
Global MCB and MCCB market has been
segmented based on type, rated current, end-user, and region. Based on type,
the market is classified into miniature circuit breaker and molded case circuit
breaker. Molded case circuit breaker is leading the market and has the largest
market share, mainly due to its wide application in industrial sector and it
can withstand high rated current ranging more than 1000A. The global MCB and MCCB market is further
segmented based on end-user, including T&D, manufacturing & process,
power generation, infrastructure, and transportation, among others. T&D
segment is expected to grow at the fastest rate as it is primarily driven by
modernization of ageing infrastructure in countries such as US, Canada, and UK,
among others. and growing construction activities in countries such as India
and China.
Prominent
Players:
The key players of global MCB and MCCB
market are ABB (Switzerland), General Electric (US), Rockwell (US), Siemens
(Germany), WEG (Brazil), Schneider Electric (France), Legrand (France), Fuji
Electric (Japan), Eaton (Ireland), Huayi Electric (China), Hitachi (Japan),
Havells (India), and Chint Group (China), among others.
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more @ https://bit.ly/2tyhVTA
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