The molded case circuit breaker (MCCB) market is estimated to rise to USD 10.5 million in 2023 and suppose to reach USD 18 million by 2033 with a CAGR of 5.5% during the forecast period from 2023 to 2033.
Expanding the electric power distribution network is the key factor contributing to the molded case circuit breaker (MCCB) market growth during the forecast period from 2023 to 2033.
Demand for molded case circuit breakers (MCCB) rises as they protect an electrical circuit from short circuits, and also safely connecting and disconnecting loads from the electrical source are anticipated to boost the molded case circuit breaker (MCCB) market size in the coming year.
Molded case circuit breaker (MCCB) generally works based on two elements such as a thermal element for overcurrent and a magnetic element for short circuit release. These are likely to generate the demand for molded case circuit breakers (MCCB) in the coming year.
Molded case circuit breaker (MCCB) is manufactured in such a way that the end user might not have access to the internal workings of the over-current protection device, which is anticipated to rise the adoption of molded case circuit breakers in the market.
Molded case circuit breaker (MCCB) comprises five key components, including an operating mechanism, molded case, arc extinguishers, contacts, and trip components which are likely to enlarge the molded case circuit breaker market share during the forecast period.
Molded case circuit breakers (MCCB) are available from 32 amperes up to 3000 amperes, with various operating mechanisms such as thermal magnetic release, electronic release, and microprocessor release leading to an increase in the molded case circuit breaker market statistics in the coming year.
Thermal magnetic, electronic release and microprocessor release utilize bimetals and electromagnetic assemblies, power electronic circuitry, and microprocessors to provide overcurrent protection to rise in the molded case circuit breaker market analysis.
All these factors are growing the production of molded case circuit breakers which is likely to increase the sales of molded case circuit breakers during the forecast period from 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Molded Case Circuit Breaker (MCCB) Market Value (2023) | USD 10.5 million |
| Molded Case Circuit Breaker (MCCB) Market Anticipated Forecast Value (2033) | USD 18 million |
| Molded Case Circuit Breaker (MCCB) Market Projected Growth Rate (2023 to 2033) | 5.5% |
Molded case circuit breaker is used to connect and disconnect low-voltage circuits and protect wiring by automatically isolating the circuits when they are overloaded or if a short circuit occurs. Consequently, this increases the molded case circuit breaker market trends in the coming period.
Rising electricity consumption coupled with expanding power distribution network is the key factor contributing to the global molded case circuit breaker (MCCB) market key trends & opportunities.
Continuous adoption of circuit breaker power protection solutions by residential, industrial, and commercial sectors across various regions globally accelerates the molded case circuit breaker (MCCB) market size during the forecast period from 2023 to 2033.
The growing importance of implementing rigorous practices to minimize arc flash hazards in high voltage environments and expanding electrical safety compliance requirements in the manufacturing and energy sector further fuels the molded case circuit breaker (MCCB) market statistics.
High-cost possibilities of delayed tripping since the operating characteristics of the breaker vary depending on the ambient temperature are the key factors identified as restraints that may deter the progression of global molded case circuit breaker (MCCB) market future trends as per the FMI report.
North America is expected to dominate the molded case circuit breaker market due to stringent compliance requirements on electrical safety and rapid industrialization, and expanding commercial and residential infrastructure.
North America acquire 39% of the share in the molded case circuit breaker market statistics all around the region during the forecast period from 2023 to 2033 as per molded case circuit breaker market survey.
The Europe region holds the second place in the molded case circuit breaker market trends & forecast acquiring 25% of the share during the forecast period.
Due to widespread use in voltage and frequency, saving considerable space, protecting low voltage, and automatically switching off the circuit when finding any abnormality are the factors that generate Europe’s molded case circuit breaker market size in the coming year.
It is likely to progress in the accessory (internal & external) with its latest communication function. They do not take time to connect with devices such as Modbus, Profibus, and DeviceNet.
The molded case circuit breaker communicates through its external accessory and monitors remotely which is anticipated to rise in the adoption of molded case circuit breakers in the coming year. As it is a plastic molded case circuit breaker, it secures you from any abnormalities to pass any current.
There are two structures involved in the molded case circuit breaker, the first is a twin structure which is convenient, small, and replaceable, second is assembled structure which is flexible in derivation. These are likely to increase the demand for molded case circuit breakers in the forecast period.
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 industries are innovating new skills and ideas to acquire the lion’s share in the molded case circuit breaker market trends during the forecast period. In addition, they adopt several tactics including mergers, acquisitions, partnerships, collaboration, and others to increase the sales of molded case circuit breakers in the forthcoming year.
Recent Developments in the Molded Case Circuit Breaker Market
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Molded Case Circuit Breaker (MCCB) Market Value (2023) | USD 10.5 million |
| Molded Case Circuit Breaker (MCCB) Market Anticipated Forecast Value (2033) | USD 18 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Power Range, End User, Region |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | 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); Legrand; Eaton; Powell Industries Inc.; Havells India Ltd |
| Customization | Available Upon Request |
The molded case circuit breaker (MCCB) market value reaches USD 10.5 million in 2023.
The molded case circuit breaker (MCCB) market is anticipated to surpass USD 18 million by 2033, recording a CAGR of 5.5%.
A salient trend within the molded case circuit breaker (MCCB) market is the escalating demand for high efficiency in electrical distribution systems.
North America possesses high revenue potential, claiming 39% of the molded case circuit breaker (MCCB) market share.
Mitsubishi Electric Corporation, Fuji Electric FA Components & Systems Co. Ltd., Schneider Electric, Siemens AG, and Hitachi Industrial Equipment Systems Co. Ltd. are key molded case circuit breaker (MCCB) market players.
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Molded Case Circuit Breaker (MCCB) Market
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