Global MCB and MCCB Market Overview
As per MRFR’s latest report
on MCB and MCCB market, it is estimated to witness sizeable growth during the
forecast period. This can be primarily owed to the rising scope of application
in several end-user industries. The report has mentioned that the global MCB
and MCCB market are estimated to upscale at 7.28% CAGR between 2018-2023. The
market is also anticipated to reach a revenue valuation of USD 11,513.9 million
in 2023, from USD 7,595.9 million at the beginning of the forecast period.
Moreover, increasing investments in the power sector from countries all over
the world are fostering market growth.
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MCB refers to an
electromagnetic device which automatically switches the electrical circuit off
to save the home appliances when a short circuit takes place. Such short
circuit may take place due to an abnormal event, such as overload of current,
fault in the electrical component, etc.
MCB and MCCB Market
Segmentation
The global MCB and MCCB
market has been analyzed under a segmental microscope to arrive at a detailed
and insightful analysis.
Such segmentation has been
carried out on the basis of type, rated current,
end-user, and region. Based on type, the MCB market is bifurcated into MCB
and MCCB. Among these, the MCCB segment is estimated to hold the dominant share
of the market owing to the higher suitability towards providing better overload
protection for high-rated power equipment with a current rating of up to 1000
amperes.
An MCCB is a combination of a
temperature-sensitive device and a current-sensitive electromagnetic device
which is designed to protect electric equipment against various types of damage
caused due to abnormal events. This may include thermal overload, short
circuits, and ground faults. MCCBs are also self-adjustable to rated current
settings and can also provide the same security to low power ratings of 10 A in
residential applications to up to 2,500 A in industrial applications.
By rated current, the global MCB and MCCB market is segmented
into up to 20 A, 21-75 A, 76-250 A, 251-800 A, and above 800 A.
By end-user, the market is
segmented into transmission and distribution, residential and commercial, power
generation, manufacturing and process industries, and transportation.
Regional Analysis
The global MCB and MCCB
market is geographically segmented into North America, South America, the
Middle East & Africa, Asia Pacific, and Europe.
Asia Pacific is anticipated
to hold the foremost share of the market through the forecast period, accounting
for 34.06% of the market share. Within Asia Pacific, China held the largest
country-specific share in the regional MCB and MCCB market at the beginning of
the forecast period and was valued at USD 820.6 million. Growth noted by the
APAC market can be accredited to the key growth pockets residing in the region
viz. China, Japan, and India. These countries are projected to witness
upscaling investments in the transmission and distribution sector, which is in
turn, estimated to set the market on an impressive growth trajectory.
Prominent Players
Some prominent MCB and MCCB
market players profiled in the report include Siemens (Germany), ABB (Switzerland),
Mitsubishi Electric Corporation (Japan), Fuji Electric Co. Ltd (Japan), Hitachi
Industrial Equipment Systems Co. Ltd (Japan), Rockwell Automation, Inc. (US),
Havells India Ltd (India), Schneider Electric (France), Legrand (France), Eaton
(Ireland), CHINT Group (China), and NOARK Electric (US).
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