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.
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.
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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