Global
MCB and MCCB Market Overview
MCBs and MCCBs are the
electromagnetic devices that automatically switch off the electrical circuit in
order to save the home appliance in case of short circuit in the event of an
abnormal condition, such as an overload of current and a fault in electrical
component. It is used in low voltage electrical network.
Global demand for electricity is
increasing on a large-scale owing to factors such as increasing
industrialization and population growth. 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 general 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. The global MCB and MCCB
market is estimated to expand at 7.02% CAGR during the forecast period.
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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.
Leading
Players
The key players of the 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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Industry
Segmentation
The MCB and MCCB market has been
segmented based on rated current type into 0-20A, 21-75A, 76-250A, 251-800A,
Above 800A).
Among these types, 76-250A is the
fastest growing segment in the MCB and MCCB market as the MCB and MCCB’s under
this rated current are majorly used growing infrastructure sector, especially
in residential and commercial areas.
A segment is estimated to dominate
the market during the forecast period due to its wide area of application in
end-use industries, such as transmission and distribution (T&D) industries,
residential and commercial buildings, manufacturing and process industries, and
automotive industries.
On the basis of end-use, the market
is segmented as power generation, transmission and distribution, residential
and commercial, manufacturing and process industries, transportation, and
others (agriculture and defense). Residential & commercial segment is
expected to dominate the market during the forecast period due to easy handling
and quick tripping characteristics of MCB and MCCB in residential and
commercial buildings.
Scope
of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps in studying the target segments by providing views on the
emerging & high-growth segments. The market data comprises the basic
assessment of the competitive scenarios and strategies in the global MCB and
MCCB market, including high-growth regions and/or countries, and political and
economic environments. The project report further provides both – historical
market values and pricing & cost analysis
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