Molded Case Circuit Breakers (MCCB) market to reach US$ 16.51 billion. by 2029, growing at a CAGR of 6.58 percent and forecast (2023-2029)

Maximize Market Research Private Limited

Molded Case Circuit Breakers Market is segmented into type, current rating, application, end-user, and region. For the estimation of Molded Case Circuit Breakers market size, bottom-up approach was used.

PUNE, May 23, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, an international business and consulting firm, recently published a research report on “Molded Case Circuit Breakers Market, The total global market size for “Molded Case Circuit Breakers Market” was estimated at USD 10.38 billion in 2022 and is expected to grow at a CAGR of 6.58 percent over the forecast period to reach USD 16.51 billion by 2029.

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Molded Case Circuit Breakers Market Report Scope and Research Methodology

The report covers the Global Molded Case Circuit Breakers market dynamics such as market key drivers, opportunities, challenges, and restraining factors. The report provides an in-depth analysis of the market’s ongoing mergers, acquisitions, strategic developments, and partnerships as well as regional growth factors. financial, And the strategic drivers behind them. The data was analyzed through primary and secondary research methods. Pestel, Porter’s Five Forces and SWOT analysis were used for the industry analysis. A bottom-up approach was used to estimate the market size. Also, the report includes a comprehensive competitive analysis of the leading players in the Molded Case Circuit Breakers market, such as company profiles, recent developments, and information about their products, business strategies, and critical MCCB market strategy.

Molded Case Circuit Breaker Market Overview

Molded Case Circuit Breaker (MCCB) is a defensive device, which protects the switching system, Transformer and others electrical equipment from excess current overload. MCCB rating list includes 16A, 20A, 25A, 32A, 40A, 50A, 63A, 80A, 100A and it is widely used in manufacturing industry. Molded case circuit breakers are used to cool hot metal or plastic parts and make them more stable during their processing.

Increasing worldwide demand for electricity to drive market growth

Molded case circuit breakers market growth is driven by increasing demand for electricity from various end-use industries such as industrial. commercial And residential area is a primary important factor. The huge expansion of these industries across the world due to urbanization, technological development and basic infrastructure Development. Molded case circuit breakers help protect electrical systems when short circuits, ground faults, and overloads occur. The growing need for such products in developing economies is expected to fuel the growth of the market. The need for installation of MCCBs for electrical systems to protect new construction buildings and growth of power plants are some of the other driving factors for the market growth.

Increase in power consumption along with the expansion of power distribution networks, and increasing adoption of molded case circuit breakers in various end-use application sectors are the major factors influencing the demand for MCCBs in the global market. Growing awareness about safe and reliable electric systems is expected to boost the market size. However, the high expensive cost of these breakers is expected to hinder the market growth. The reason behind this is that it requires raw material like copper, plastic aluminum Etcetera. The availability of such physical resources is less or limited and also skilled manpower is required for maintenance of MCCBs. Such major restraining factors for the overall molded case circuit breakers market growth.

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Asia Pacific to Dominate Global Market Share in 2022

The consumption of electricity is high in the Asia Pacific region due to the huge population growth factor. Rapid urbanization, infrastructure and construction development activities and growing need for reliable power distribution systems, and security are the primary driving factors for the growth of the market. Strict government regulations and safety standard regulations are expected to drive the market growth during the forecast period in the region. In 2022, China to hold the largest molded case circuit breakers market share in the Asia Pacific region owing to its growing economic and infrastructure development activities.

Molded Case Circuit Breaker Market Segmentation

On the basis of type, the B-type segment is expected to dominate the market during the forecast period.

The increasing use of these circuits in distribution boards is expected to drive the B-modelled case circuit breaker type segment growth. In 2022, the B type segment held the largest market share and is expected to grow at a significant CAGR during the forecast period. This has some residential properties, and trips between 3-5X rated current and is mostly used for sub-circuit/resistive load protection purposes such as lighting and heating elements. These key factors are expected to drive segment growth in the global molded case circuit breakers market.

Based on current rating, 0-75A to 75-250A MCCB is used for heavy current circuits for heavy-duty industrial applications. Increasing number of chemical and electronic products manufacturers across the globe is expected to drive the demand for molded case circuit breakers in the molded case circuit breakers market. The increase in the use of 75A to 75-250A MCCBs in various end-use applications is driving growth in the segment.

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by type:

• B type
• C type
• D type
• Types of
• Z type

By current rating:
• 0-75A
• 75-250A
• 250-800A
• Above 800A

by application
• medical equipment
• the lift
• HAVC Units
• Inductive load applications
• Pumps
• Motors
• Welding Machinery
• Generator
• Electric Feeder

by end-user
• Residential
• commercial
• industrial

Molded Case Circuit Breaker Key Players Include:

• Fuji Electric India
• Eaton
• ABB
• C&S Electric
• Max Electric Technology Co., Ltd.
• TAC Automation Pvt. Limited
• Rockwell Automation
• Chint Group
• Schneider Electric
• We live
• Terasaki Electric Co., LTD.
• Hitachi Industrial Equipment System
• Maxguard
• Mitsubishi Electric Corporation
• Nork Electric
• GEYA Power Equipment Supplies
• JJ Enterprises
• Nader Circuit Breaker
• L&T
• Havells
• Siemens

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The key questions answered in the Molded Case Circuit Breakers market are:

• What are molded case circuit breakers?

• What was the Molded Case Circuit Breakers market size in 2022?

• What is the estimated Molded Case Circuit Breaker market size by 2029?

• What is the growth rate of Molded Case Circuit Breakers market?

• What are the Key Benefits of Molded Case Circuit Breakers Market?

• What are the new trends in Molded Case Circuit Breakers?

• Which segment is dominating the Molded Case Circuit Breakers market growth?

• What is the demand pattern for Molded Case Circuit Breakers market?

• What are the driving, opportunities, and restraining factors in the Global Molded Case Circuit Breakers Market?

• What Factors Are Expected To Drive Molded Case Circuit Breakers Market Growth?

• What Factors Are Expected to Restrain the Molded Case Circuit Breakers Market Growth?

• Which region holds the largest share of the Molded Case Circuit Breakers market?

• Who are the key players in Molded Case Circuit Breakers market?

Main Offering:

• Past market size and competitive landscape (2018 to 2021)

• Past Pricing and Price Curve by Region (2018 to 2021)

• Market size, share, size and forecast by various segment | 2023−2029

• Market Dynamics – Growth Drivers, Restraints, Opportunities and Key Trends by Regions

• Market Segmentation – Detailed Analysis by Type, Current Rating, Application, End-User and Region

• Competitive Landscape – Profile of Selected Key Players by Sector from Strategic Perspective

  • Competitive Landscape – Market Leaders, Market Followers, Regional Players

  • Competitive Benchmarking of Key Players by Sector

• pestle analysis

• porter’s analysis

• Value Chain and Supply Chain Analysis

• Legal Aspects of Business by Sector

• Lucrative Business Opportunities with SWOT Analysis

• recommendations

Maximize Market Research is a leading research firm that has also published the following reports:

low voltage circuit breakers market, The total market size was estimated at US$ 3.61 billion in 2022 and the total revenue is expected to grow at a CAGR of 4.23 percent from 2023 to 2029, to reach US$ 4.83 billion. The growth of infrastructure projects for secure power supply is expected to drive the market growth.

Flexible Printed Circuit Board Market, The total market size was pegged at US$ 20 billion in 2022 and the total revenue is expected to grow at a CAGR of 10.725 percent from 2023 to 2029, to reach US$ 40.81 billion. Increasing advancements in manufacturing technologies are expected to fuel the growth of the market.

circuit breaker market, The total market size was estimated at US$ 6.13 billion in 2021 and the total revenue is expected to grow at a CAGR of 5.9 percent from 2022 to 2029, to reach US$ 9.71 billion. Rising demand for high-voltage circuit breakers in residential areas is expected to drive the market growth.

Ground Fault Circuit Interrupter (GFCI) Market: The total market size was estimated at US$ 2.21 billion in 2021 and the total revenue is expected to grow at a CAGR of 7.01 percent from 2022 to 2029, to reach US$ 3.81 billion. Smart circuit breaker technology is expected to drive the growth of the market.

circuit protection market: The total market size was estimated at US$ 43.36 billion in 2021 and the total revenue is expected to grow at a CAGR of 7.1 percent from 2022 to 2029, to reach US$ 75.07 billion. Growth in the electronic industry and growing IoT market is expected to drive market growth.

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