Overview
The global MCB and MCCB market is expected to be
valued at USD 11,513.9 million by 2023 with a CAGR of 7.28% during the forecast
period (2018–2023). Market Research Future (MRFR) in the report envelop
segmentation and drivers for a better glimpse of the market in the coming
years. MCB and MCCB are the electromagnetic devices that automatically switches
off the electrical circuit in order to save the home appliances in case of
short circuit in the event of an abnormal condition, such as an overload of
current and fault in electrical component. These are the electrical protection
device that provides protection by combining a temperature sensitive device and
current sensitive electromagnetic device. It protects against the ground
faults, short circuits, and thermal overloads.
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Competitive Analysis
Prominent players profiled in the MCB and MCCB market are
Siemens (Germany), ABB (Switzerland), Mitsubishi Electric Corporation (Japan),
Fuji Electric Co. Ltd (Japan), Hitachi Industrial Equipment Systems Co. Ltd
(Japan), Rockwell Automation, Inc. (US), Havells India Ltd (India), Schneider
Electric (France), Legrand (France), Eaton (Ireland), CHINT Group (China), and
NOARK Electric (US). Mergers, acquisitions, contracts, product development, and
expansions are the key strategies these companies employ to stay ahead of the
rest.
Segmental Analysis
Extensive research of the MCB and MCCB market segments
the market by type, rated current, and end-use.
On the basis of type, the MCB and MCCB market can be
segmented into MCB and MCCB.
On the basis of rated current, the MCB and MCCB market
has been segmented into Up to 20 A, 21–75 A, 76–250 A, 251–800 A, and Above 800
A.
On the basis of end-use, the MCB and MCCB market comprises
power generation, transmission & distribution, residential & commercial,
manufacturing & process industries, transportation, and others (agriculture
and defense).
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Regional Analysis
Geographic analysis of the MCB and MCCB market spans
across Asia-Pacific, Europe, North America, Middle East & Africa, and South
America.
Asia-Pacific is leading the market with its market
value at USD 2,776.1 million in 2018. The regional market value can go up to
USD 4,055.4 million by 2023 with an impressive 7.87% CAGR during the forecast
period. The continuous upgrade of the existing T&D infrastructure and the inaccessibility
of electricity with the increasing demand of power, drive the MCB and MCCB market
in Asia-Pacific.
Europe has the second largest market share in the MCB and
MCCB market. Increasing investments in adding renewable energy
power into the power system and decentralization of power distribution are the
major factors driving the market for MCB and MCCB in Europe.
Germany is leading in Europe for MCB and MCCB market.
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