Molded Case Circuit Breakers Market
Molded Case Circuit Breakers Market - Global Industry Assessment & Forecast
- By Rated Current 0A-20A, 21A-75A, 76A-250A, 251A-800A, Above 800A
- By Type MCB, MCCB
- By End-User Transmission & Distribution, Infrastructure (Residential and Commercial), Power Generation, Manufacturing and Process Industries, Transportation (Railways), Others
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 9.59 Billion|
|Revenue 2030:||USD 15.86 Billion|
|Revenue CAGR (2023 - 2030):||6.50%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||Asia Pacific|
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Molded Case Circuit Breakers Market: Type, Rated Current, End Use, and Region
Global Molded Case Circuit Breakers market is valued at USD 9.59 Billion in 2022 and estimated to reach a value of USD 15.86 Billion by 2030 at a CAGR of 6.50% during the forecast period, 2022–2028.
Molded Case Circuit Breakers (MCCB) or molded case welder circuit breaker, as the name suggests, is a type of circuit breaker that has a body and electrical contacts made of molded plastic. This design offers many advantages over traditional mechanisms: it makes the MCCBs smaller and lighter than other types, which allows them to be located in places where other types could not go; they are also much more resistant to dust, water and oil than standard breakers as well as having higher short-circuit breaking capacity.
Molded Case Circuit Breakers Market Size, 2022 To 2030 (USD Billion)
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Long Life, Simple Design, and Lightweight to Drive Growth of Molded Case Circuit Breakers Market
The structure of molded case circuit breaker is very excellent, which makes it have high breaking capacity and long-life span, so it has many advantages such as large breaking capacity, good performance, small size and light weight etc. Which is superior to other traditional types of electric equipment. Compared with other kinds of electric equipment with similar use, the number of parts needed in mold made electric equipment is fewer than them, and the cost is low. Which greatly reduces the fabrication difficulty, maintenance difficulty and so on, which is more economical. The molded case circuit breaker is made by die-casting, so it has small sizes, light weight, high intensity, ensuring the installation can be completed in a short time without affecting the existing equipment. Therefor it is very suitable for power distribution system to replace fuses.
Global Molded Case Circuit Breakers market is segmented by type (molded case and miniature), rated current (0-20a, 21-75a, 76-250a, 251-800a, Above 800a), end-use (T&D, manufacturing & process, infrastructure, power generation, transportation), and region.
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By Application, Power Generation Segment to Witness Lucrative Growth
Molded Case Circuit Breakers are increasingly being used in power generation facilities for new construction and current upgrades. This is due to their compact size, high breaking capacity, high short-circuit ratings, robust design, consistent performance, etc. A majority of the generators have either already upgraded or plan to upgrade with Molded Case Circuit Breakers around 2020-2025.
Asia Pacific to Lead Global Molded Case Circuit Breakers Market
A new generation of Molded Case Circuit Breakers for the utility-scale generators is expected drive the Asia Pacific market around 2020-2025, which will be a key growth driver for the global market in the long run. In addition, stringent environmental norms aimed at reducing greenhouse gas emissions from power plants have been leading to stricter installation of emission control systems such as desulfurization, selective catalytic reduction (SCR), low NOx burners, etc in the region. This has led to increased demand of Molded Case Circuit Breakers for generator protection against overloads and short circuits due to rejection/unloading operations.
As a result, generators in Asia Pacific region will have a significant growth opportunity with a volume of more than 300.0 million units by 2024-2025. In addition, an increased number of generator installations from the recent past is expected to fuel demand for Molded Case Circuit Breakers , especially those using the latest technological developments such as Electronic Trip Units (ETU) and alternatives to electro-mechanically operated plunger mechanisms. Together, these factors are going to propel the demand for Molded Case Circuit Breakers in Asia Pacific region over next 10 years.
Schneider Electric (France), ABB Ltd. (Switzerland), Legrand (France), Fuji Electric Co., Ltd. (Japan), Rockwell Automation, Inc. (U.S.), and Hitachi, Ltd. (Japan), WEG (Brazil), and Chint Group (China) are some of the key players in the market.
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Molded Case Circuit Breakers in terms of revenue?
The global Molded Case Circuit Breakers valued at USD 9.59 Billion in 2022 and is expected to reach USD 15.86 Billion in 2030 growing at a CAGR of 6.50%.
Which are the prominent players in the market?
The prominent players in the market are Schneider Electric (France), ABB Ltd. (Switzerland), Legrand (France), Fuji Electric Co., Ltd. (Japan), Rockwell Automation, Inc. (U.S.), and Hitachi, Ltd. (Japan), WEG (Brazil), and Chint Group (China).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Molded Case Circuit Breakers include
- Long Life, Simple Design, and Lightweight
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Molded Case Circuit Breakers in 2022.