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
essential component in an electrical circuit as it prevents electricity
overloading, damage to electrical wiring and devices, and electrical fire
outbreak. MCCB commonly works based on two elements, namely thermal element for
overcurrent and a magnetic element for short circuit release. The MCCB market
is primarily driven by the rising electricity consumption and continued reform
in electricity infrastructure. A
detailed analysis report of COVID-19
impact on Molded
Case Circuit Breakers (MCCB) Market is provided with the report.
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 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. In 2017,
transmission & distribution industry dominates the end-user segment of the
market mainly due to the renovation of aging infrastructure in countries such
as the U.S. and the U.K. Furthermore, increasing construction activities in
emerging regions as well as increasing number of smart cities projects across
the globe is expected to boost the growth of the global molded case circuit
breakers market during the forecast period.
Asia Pacific region dominates the global
molded case circuit breakers (MCCB) market
Geographically,
the Molded Case Circuit Breakers 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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