Global Molded Case Circuit Breakers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Molded Case Circuit Breakers Market: Overview
Molded Case Circuit Breakers Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
A molded case circuit breaker is a type of electrical interrupting device that offers protection to the device from various conditions such as ground fault, short circuit, high voltage supply, overload, etc.
It can be used for various applications owing to its wide range in frequency and voltage. Molded case circuit breaker comes in a compact size and saves space on the electrical panel. It also requires less rest time and has low-cost maintenance.
Growing electrical infrastructure and increasing demand for electricity are major factors driving the global molded case circuit breakers market growth.
In addition, an increasing number of industries is another factor supporting the global market growth.
Government initiatives for energy conservation, rural electrification, and the growing construction sector are factors fueling the growth of the target market.
Furthermore, an increasing number of smart cities in developed and developing countries is expected to augment the growth of the global molded case circuit breakers market in the near future.
However, the higher cost of molded case circuit breakers than fuse is a factor that may hamper the growth of the global molded case circuit breakers market.
In addition, molded case circuit breakers are vulnerable to heat, which could affect the global market's growth.
Nevertheless, the use of automation technology can create high revenue opportunities for players in the target market.
Global Molded Case Circuit Breakers Market: Segment Analysis
Among the rated current segments, the 76A-250A segment is expected to account for high growth in terms of revenue over the forecast period.
Growing commercial, as well as precedential infrastructure, is s factor anticipated to support this segment in the global market.
Among the segments, the transmission & distribution segment is expected to dominate the global market in terms of revenue in the near future.
The modernization of aging infrastructure in developed countries and growing construction activities in developing countries are factors supporting the growth of this segment in the global market.
Global Molded Case Circuit Breakers Market: Regional Analysis
The market in the Asia Pacific is expected to account for a major share in terms of revenue in the near future. The growing construction sector in China and India is a key factor supporting the growth of the target market in this region.
An increasing number of industrial activities, coupled with a growing manufacturing sector are also factors driving the growth of the target market in this region.
In addition, increasing power generation plants is another factor expected to fuel the growth of the molded case circuit breaker market in the Asia Pacific.
The market in North America is anticipated to account for the second-highest share in terms of revenue over the forecast period, followed by Europe, the Middle East & Africa, and Latin America.
Global Molded Case Circuit Breakers Market Segmentation:
Segmentation by Type:
- Molded Case Circuit Breaker (MCCB)
- Miniature Circuit Breaker (MCB)
Segmentation by Rated Current:
- Above 800A
Segmentation by end-user:
- Manufacturing and Process Industries
- Transmission & Distribution
- Power Generation
- Transportation (Railways)
- Infrastructure (Commercial and Residential)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABB Ltd
- Siemens AG
- General Electric Company
- Schneider Electric SE
- Eaton Corporation plc
- Huayi Electric Company Limited
- Fuji Electric Co., Ltd.
- Hitachi, Ltd.
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