The market for moulded case circuit breakers (MCCBs) is predicted to grow to US$ 9.7 million in 2022 and to US$ 16.2 million by 2032, with a CAGR of 5.2% from 2022 to 2032. The main driver of the moulded case circuit breaker (MCCB) market growth between 2022 and 2032 is the expansion of the electric power distribution network.
The demand for moulded case circuit breakers (MCCB) is expected to increase in the upcoming year due to their ability to safely connect and disconnect loads from the electrical source as well as protect an electrical circuit from short circuits.
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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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Who are Some of the Key Competitors in the Molded Case Circuit Breaker Market?
Some of the prominent players in the global molded case circuit breaker(MCCB) market include
- 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), and
- Legrand.
These key player industries are innovating the new skill and ideas to acquire lion’s share in the molded case circuit breaker market trends during the forecast period.
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.
Molded Case Circuit Breaker (MCCB) Market: Regional Outlook
Among all regions, molded case circuit breaker (MCCB) market in North America is expected to dominate the market, due to stringent compliance requirements on electrical safety. Asia-Pacific is projected to be the fastest growing market due to rapid industrialization and expanding commercial and residential infrastructure.
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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
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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