The market for moulded case circuit breakers (MCCBs) is anticipated to grow to US$ 9.7 million in 2022 and US$ 16.2 million by 2032, with a CAGR of 5.2% from 2022 to 2032.
Expanding electric power distribution network is the key factor contributes the growth of global molded case circuit breaker (MCCB). Molded Case Circuit Breaker (MCCB) is a miniature circuit breaker used to protect an electrical circuit from short circuit and also to safely connecting and disconnecting loads from the electrical source.
Molded Case Circuit Breaker (MCCB) generally works based on the two elements: thermal element for overcurrent and magnetic element for short circuit release. Molded case circuit breaker (MCCB) are manufactured in such a way that the end user will not have access to internal workings of the over-current protection device.
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Molded case circuit breaker (MCCB) comprises of five major components including operating mechanism, molded case, arc extinguishers, contacts, and trip components. Molded case circuit breakers (MCCB) are available from 32 amperes up to 3000 amperes, with various operating mechanisms such as thermal magnetic release, electronic release, and microprocessor release.
Thermal magnetic, electronic release, and microprocessor release utilizes bimetals and electromagnetic assemblies, power electronic circuitry and microprocessors to provide overcurrent protection respectively
Molded Case Circuit Breaker (MCCB) Market: Market Dynamics
Molded-case circuit breakers are used to connecting and disconnecting low-voltage circuits and protect wiring by automatically isolating the circuits when they’re overloaded or if a short-circuit occurs. Rising electricity consumption coupled with expanding power distribution network is the key factor contributes the growth of global molded case circuit breaker (MCCB) market.
Continuous adoption to circuit barker power protection solutions by residential, industrial, commercial sector across various regions globally accelerates the growth of global molded case circuit breaker (MCCB) market. Growing importance to implement rigorous practices to minimize arc flash hazards in high voltage environments and expanding electrical safety compliance requirements in manufacturing and energy sector further fuels the growth of global molded case circuit breaker (MCCB) market.
However high cost possibilities of delayed tripping since the operating characteristics of the breaker vary depending on the ambient temperature are the minor factors identified as restraints which may deter the progression of global molded case circuit breaker (MCCB) market.
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Recent Development in Molded Case Circuit Breaker Market are
- The new molded case circuit breaker improves in its product comprehensive technical as well as economic indicators compared to the old molded case circuit breaker.
- The new generation molded case circuit breaker reduces the volume and improves the performance with its double breakpoint breaking technology. The newly molded case circuit breaker is made up of plastic which is more reliable as compared to old ones.
Key Companies Profiled
- General Electric, Eaton
- Mitsubishi Electric Corporation
- Fuji Electric FA Components & Systems Co. Ltd
- Schneider Electric
- Siemens AG
- Hitachi Industrial Equipment Systems Co. Ltd.
- Rockwell Automation Inc.( Allen-Bradley)
- Legrand
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Key Segments
By Power Range:
- 0–75A
- 75–250A
- 250–800A
- Above 800A
By End User:
- Residential
- Commercial
- Manufacturing
- Power Generation, Transmission and Distribution
- Government
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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