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.
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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