According to a new market research report published by Credence Research “Molded Case Circuit Breaker (MCCB) Market (Type – Miniature Circuit Breaker (MCB) and Molded Case Circuit Breaker (MCCB); Current Rating – 0-75A, 76A-250A, 251A-1000A and More than 1000A; End-user – Transmission & Distribution, Industrial Manufacturing & Processing, Commercial Construction & Infrastructure, Residential Construction, Power Generation, Transportation) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025”, the global molded case circuit breaker market to expand with a CAGR of 5.4% from 2017 to 2025, to cross the US$ 10 Bn mark by 2025.
The purpose of the report is to illustrate the state of the market of Molded Case Circuit Breaker, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Molded case circuit breaker (MCCB) refers to an electromagnetic device used for electrical protection of different devices and electrical loads. These form among the most crucial components in any electrical circuit as they prevent electricity overloading thereby avoiding damage to electrical wiring, devices and electrical fire outbreak. The overall MCCB market is majorly driven by the ever-rising electricity consumption and continued modification in electricity infrastructure. In addition, growing inclination towards using more reliable electricity protection devices is another major factor supporting the penetration of MCCB and MCB over conventional fuse wires.
Global demand for electricity is rising at an alarming rate owing to factors such as increasing industrialization and population growth. According to the International Energy Agency, the electricity consumption worldwide is projected to hit 30,000 terawatt hours (TWh) by 2030. This would create substantial opportunities for the adjacent markets such as electrical equipment and protection devices. Subsequently, with the constant rise in electricity production and consumption, the demand for MCCBs and MCBs would continue to rise in the following years.
The overall MCCB market is segmented on the basis of type, current rating, end-users and geographic regions. On the basis of type, the market is segmented into molded case circuit breaker (MCCB) and miniature circuit breakers (MCB). As of 2016, the market is led by the MCCB segment contributing to nearly sixty percent of the total market revenue. The most significant difference between MCCB and MCB is the high current rating of MCCBs ranging more than 1,000A, making them suitable for heavy applications. Since industry accounts for nearly forty percent of the total electricity consumption worldwide, the MCCB segment would continue to dominate the market throughout the forecast period.
The market is further categorized on the basis of end-user into transmission & distribution, industrial manufacturing & processing, power generation, residential construction, commercial construction & infrastructure and transportation. On the basis of geographic regions, the market is classified into North America, Europe, Asia Pacific and rest of the world (RoW). Currently, Asia Pacific dominates the overall MCCB market and is projected to continue expanding with the highest growth rate during the forecast period.
The overall market is relatively consolidated in nature with top five players contributing to more than fifty percent of the total market revenue. Some of the major players operating in the market include ABB Ltd., Siemens AG, Alstom SA, Toshiba Corporation, Schneider Electric SE, Mitsubishi Electric Corporation and others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Molded Case Circuit Breaker buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Molded Case Circuit Breaker contains:
Analysis and forecast of Molded Case Circuit Breaker market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Molded Case Circuit Breaker market;
Assessment and forecast of Molded Case Circuit Breaker market development;
Financial and business profiles of the leading companies in the Molded Case Circuit Breaker industry.
– Up to date working Molded Case Circuit Breaker data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Molded Case Circuit Breaker for the period 2018 to 2026
– Planned Molded Case Circuit Breaker additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Molded Case Circuit Breaker projects by region, key countries, and companies
– Details of major planned Molded Case Circuit Breaker projects in the world up to 2026
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