Global
Molded Case Circuit Breakers Market Scenario:
The
most crucial components of a whole electrical circuit system are circuit
breakers because they can prevent the overload or short circuits from
electronic devices and loads. Molded Case Circuit Breaker (MCCB) is defined as
a miniature circuit breaker that is primarily used for protecting an electrical
circuit from short circuits and connect or disconnect loads from the electrical
source in a secure way. Market Research Future (MRFR) has published a research
report about the global Molded
Case Circuit Breakers Market that anticipates elevation for this market
at 6.28% CAGR between 2018 and 2024.
The
remarkable factor driving the global molded case circuit breakers market growth
is continued reform in electricity infrastructure and rising electricity
consumption. Other important market driving factors include growing demand for
electrical equipment as well as protection devices and high growth in the
construction sector. However, fluctuating working characteristics of the
breaker depending on the ambient temperature can restrict the demand for molded
case circuit breaker devices.
Market Segmentation
The
global molded case circuit breakers market segmentation has segmented the
market into end-user, rated current, and region. Based on end-user, this market
is being segmented into chemicals, manufacturing & process industry, power
generation, residential & commercial, transmission & distribution, and
others. In the context of rated current, the market has been segmented into up
to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A.
Access
Full Report at: https://www.marketresearchfuture.com/reports/molded-case-circuit-breakers-market-5902
Regional Insight
The
regional segmentation of the global molded case circuit breakers market has
segmented the market into the regional markets, namely North America, Europe, Asia
Pacific, and rest of the world (RoW). The Asia Pacific region has been
estimated to be the largest regional market during the forecast period due to the
high growth in the construction sector, high population growth in countries
like China and India, advancement in lifestyle of people, and rising demand for
modernizing the existing electricity infrastructure that can serve the
increasing demand for electricity. China is the largest country-specific market
power transmission & distribution segment. Other critical country-specific
markets in this region are Australia, Japan, and South Korea, followed by the
remaining countries of the Asia Pacific region.
During
the forecast period, North America is expected to be the second largest regional
market due to stringent compliance requirements on electrical safety, high
investment in transmission & distribution network, and subsequent wide
scope for the usage of electrical components in this region. USA and Canada are
the most important country-specific markets in this region.
Europe
is an important regional market due to the increasing number of cross border
interconnections that is leading to the growth of the transmission and
distribution (T&D) equipment industry in this region. Second market driver
in Europe is the interconnected grid that can transfer electricity between
countries like France, Germany, Poland, Sweden, and the U.K. Third important
market driving factor is the improvement of grid reliability. Other important
market drivers in Europe are combining reserves as well as the reduction in the
investments in power-generating capacity, demand to reduce dependence on
conventional fossil fuels and the subsequent switch-over by many countries to
renewable energy power generation. Another important country-specific market in
this region is Spain, followed by the remaining countries of Europe.
The
RoW segment primarily covers the countries of the Middle East & Africa
(MEA). During the forecast period, the MEA regional market is expected to contribute
significantly because many countries of the Middle East not only expanding
their cross-border electricity trade but are also integrating wind and other
renewable energies. They are also increasing the load flow on aging networks.
Key Players
The
key players in the global molded case circuit breakers market include Chint
Group (China), Eaton Corporation PLC (Ireland), Fuji Electric Co., Ltd.
(Japan), General Electric (USA), Havells India Ltd. (India), Hitachi Industrial
Equipment Systems (Japan), Huayi Electric Co. Ltd (China), Legrand SA (France), Maxguard (Malaysia),
Mitsubishi Electric Corporation (Japan), Noark Electric (USA) Inc. (USA),
Rockwell Automation, Inc. (USA), Schneider Electric (France), Siemens AG
(Germany), and Toshiba Corporation (Japan).
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