Global
Molded Case Circuit Breakers (MCCB) Market Scenario
The global molded case circuit
breakers (MCCB) market is projected to have a CAGR of 6.28% during the forecast
period.
Molded Case Circuit Breaker (MCCB)
is an electromagnetic device mainly used for the protection of different
electrical devices and loads. This system is an essential component in an
electrical circuit as it prevents electricity overloading, thus, avoiding
damage to electrical wiring and devices and electrical fire outbreak.
Increasing focus towards using more reliable electricity protection devices is
the factor supporting the preference for MCCB over conventional fuse wires.
However, inconsistencies such as vulnerability to heat and slow tripping are
the factors that may hamper the growth of the market.
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Competitive
Landscape
As the existence of several well-established and small players, the
global market for MCCB appears to be highly competitive. Well-known players
incorporate acquisition, collaboration, partnership, expansion, and product
launch to gain a competitive advantage in the market and to maintain their
market position. These key players compete on pricing and services. Vendors,
operating in the market, strive to deliver the best quality products and
services based on advanced technologies and best practices. These key players
make substantial investments on R&D to secure guaranteed resources for
customers.
Industry News
In September 2017, ABB completed the acquisition of General Electric’s
industrial solutions business for USD 2.6 billion. The company is focusing on
strengthening their position in electrification globally and expanding their
access to North American and other regions.
In May 2016, a power management company, Eaton, launched molded case
circuit breaker authentication tool, accessible via the PowerEdge mobile app. It
has been enhanced with new features as well as functionality that makes it
easier for customers to access critical information regarding thousands of
Eaton electrical products and verify the purchase of safe, authentic Eaton
molded case circuit breakers.
In October 2014, ABB opened a new production facility in Cibitung, West
Java, to double ABB’s Miniature Circuit Breaker (MCB) production capacity
within the region, to meet growing market demands driven by rapid urbanization
and the growing industrial sector.
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Industry
Segmentation
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.
Asia
Pacific region dominates the global molded case circuit breakers (MCCB) market
Geographically, the MCCB market has
been divided into four major regions, namely North America, Europe, Asia
Pacific, and Rest of the World. The Asia Pacific region accounted for the largest
market share in 2017 mainly due to high growth in the construction sector.
Europe is another major region for the MCCB market. It is expected to expand at
a sluggish pace during the forecast period. In Europe, increasing upgrading and
renovation projects of existing infrastructure provides the positive effect on
the growth of the market. The U.K, Germany, Spain, and France are the major
markets in Europe.
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