The market for molded case circuit breakers (MCCBs) is expected to be worth US$ 10.2 billion in 2023 and US$ 17.1 billion by the end of 2033, representing a CAGR of 5.3% during that period. In 2022, molded cases represented 65.1% of the total market revenue.
Electrical protection tools called molded case circuit breakers are used for a variety of frequencies and voltages. They are frequently employed when the capabilities of the load current are exceeded. An MCCB is used to turn switch circuits on and off as well as protect against electrical faults and overloads. Low-voltage circuits are connected and disconnected using molded case circuit breakers. They serve to defend.
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Key Takeaways from Market Study
- The global molded case circuit breaker market is estimated at US$ 10.2 billion in 2023.
- Global demand for molded case circuit breakers is forecasted to increase at a CAGR of 5.3% from 2023 to 2033.
- The global market is predicted to reach a valuation of US$ 17.1 billion by the end of 2033.
- The Asia Pacific market is predicted to evolve at a CAGR of 5.9% from 2023 to 2033.
“Increasing inclination to use more reliable electricity protection devices along with the use of molded case circuit breakers as an economical practice to save heavy appliances from damage is estimated to contribute to market expansion,” says a Fact.MR analyst.
Competitive Landscape:
Prominent suppliers of molded case circuit breakers are investing to improve supply chain management systems and to maintain product standards and product quality. New development by industry players is also predicted to help them to expand their footprints globally. Regulatory frameworks are also imposed to reduce the adverse environmental impacts if there are any.
Key suppliers in the molded case circuit breaker market include Chint Group, Rockwell Automation Inc., Fuji Electric Co. Ltd., Eaton Corporation Plc., Siemens AG, Schneider Electric, Toshiba Corporation, JSL Electric Corporation, Powell Industries Inc., and General Electric.
Winning Strategies
Key industry players are investing in product development to generate new growth opportunities.
For instance,
- ABB, in June 2019, announced the launch of its molded case circuit breaker to be utilized for plants with higher voltage solar power. This newly designed product can deliver a wide variety of protection solutions against utility-scale power plants.
MCCB Industry Research Segmentation:
· By Product Type :
- Miniature
- Molded Cases
· By Power Range :
- 0 to 75A
- 75 to 250A
- 250 to 800A
- Above 800A
· By End Use :
- Power Utilities
- Industrial
- Residential
- Commercial
- Others
· By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Molded Case Circuit Breaker include:
- What is the key strategy deployed by large players to maximize Molded Case Circuit Breaker growth?
- What are the main challenges faced by players in the Molded Case Circuit Breaker Demand?
- With the advent of technological advancement, how will the Molded Case Circuit Breaker landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Molded Case Circuit Breaker size?
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