The molded case circuit breaker (MCCB) market is expected to increase to USD 10.5 million in 2023 and USD 18 million by 2033, with a CAGR of 5.5% from 2023 to 2033.
Expanding the electric power distribution system is a key factor driving the growth of the molded case circuit breaker (MCCB) market from 2023 to 2033.
The requirement for molded case circuit breakers (MCCBs) is expected to increase in the future year as they protect an electrical circuit against short circuits, as well as securely connect and remove loads from the source of power.
Molded case circuit breaker (MCCB) operation is typically based on two elements: a thermal element for overcurrent protection and a magnetic element for short circuit protection. In the coming year, these are projected to drive demand for molded case circuit breakers (MCCBs).
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Molded case circuit breaker (MCCB) is designed so that the end user does not have access to the internal functioning of the over-current protection device, which is expected to increase market acceptance of molded case circuit breakers.
Molded case circuit breaker (MCCB) is made up of five primary components: a working mechanism, molded casing, arc extinguishers, contacts, and trip elements, all of which are expected to increase the molded case circuit breaker market share throughout the forecast timeline.
Key Takeaways
- The market expanded at a CAGR of 5% during the last five years.
- During the projection period, North America could hold 39% of the regional molded case circuit breaker market statistics.
- Europe ranks second in the molded case circuit breaker market trends and projections, accounting for 25% of the market throughout the forecast period.
- During the projection period, the market in the United States is expected to expand at a 5.6% CAGR.
- During the forecast period, Germany’s market is anticipated to thrive at a CAGR of 5.4%.
Competitive Landscape
The top players in this industry are developing new skills and ideas to capture the majority of the molded case circuit breaker market trends during the forecast period.
- In October 2021, Schneider Electric unveiled the Next Generation PowerPacT Circuit Breaker Series at NECA Nashville 2021. The next generation of PowerPacT circuit breakers combines productivity, effectiveness, and,
- In 2023, Siemens AG launched SENTRON 3VA molded case circuit breakers (MCCBs): a single, well-designed, adaptive, and robust solution with over 500 accessory parts.
Key Players
- 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
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global molded case circuit breaker market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Power Range (0–75A, 75–250A, 250–800A, Above 800A), End User (Residential, Commercial, Manufacturing, Power Generation, Transmission and Distribution, Government, Others), and Region.
Molded Case Circuit Breaker (MCCB) Market: Key Segmentation
By Power Range:
- 0–75A
- 75–250A
- 250–800A
- Above 800A
By End User:
- Residential
- Commercial
- Manufacturing
- Power Generation, Transmission, and Distribution
- Government
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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