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. The COVID-19
Analysis of MCB and MCCB Market Analysis is enduring an exacting period
with its robust growth coming to an abrupt halt in light of the COVID-19
pandemic.
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. 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.
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