MCB and MCCB Market Analysis:

MCB and MCCB Market Size is increasing according to estimated revenue of USD 12.96 Billion is expected to reach a stag rant CAGR of 7.5% during the forecast period.

The miniature circuit breaker (MCB) and molded case circuit breaker (MCCB) market is expected to grow steadily in the coming years, driven by increasing demand for electrical safety and the growing adoption of industrial automation and smart home technologies.

The market for MCBs and MCCBs is being driven by the increasing demand for electrical safety, particularly in emerging economies. Rising investments in infrastructure development and construction activities in these regions have increased the demand for safe and reliable electrical systems.

 

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On the basis of type, the market is segmented as MCB and MCCB. MCCB segment is estimated to dominate the market during the forecast period due to its working capability of overload protection to high rated power equipment with power rating up to 1000 amperes. On the basis of rated current, the market is segmented as Up to 20 A, 21–75 A, 76–250 A, 251–800 A, and Above 800 A. 76–250 A segment is estimated to dominate the market during the forecast period due to its wide area of application in end-use industries, such as transmission and distribution (T&D) industries, residential and commercial buildings, manufacturing and process industries, and automotive industries. On the basis of end-use, the market is segmented as power generation, transmission and distribution, residential and commercial, manufacturing and process industries, transportation, and others (agriculture and defense). Residential & commercial segment is expected to dominate the market during the forecast period due to easy handling and quick tripping characteristics of MCB and MCCB in residential and commercial buildings.

Market Research Analysis

Asia-Pacific held the largest market share in the MCB & MCCB market.

Region wise, Asia-Pacific held the largest market share of the global MCB & MCCB market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to increasing accessibility of electricity, and upgrade of the existing transmission and distribution infrastructure. Europe is expected to be the second largest market during the forecast period due to increased investments in adding renewable energy power into the power system and decentralization of power distribution.

Scope of the Report

This report provides an in-depth analysis of the global MCB & MCCB market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the MCB & MCCB market by its type, rated current, end-use, and by region.

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By Type

  • MCB
  • MCCB

By Rated Current

  • Up to 20 A
  • 21–75 A
  • 76–250 A
  • 251–800 A
  • Above 800 A

By End-Use

  • Power Generation
  • Transmission and Distribution
  • Residential and Commercial
  • Manufacturing and Process Industries
  • Transportation
  • Others (Agriculture and Defense)

By Region

  • North America 
  • Asia-Pacific 
  • Europe
  • Middle East & Africa
  • South America

Key Players

The key players of the global MCB and MCCB market are 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).