Pune, India -- (SBWIRE) -- 09/24/2018 -- Molded Case Circuit Breakers (MCCB) Market Highlights:-

Molded Case Circuit Breaker (MCCB) is an essential component in an electrical circuit as it prevents electricity overloading, damage to electrical wiring and devices, and electrical fire outbreak. MCCB commonly works based on two elements, namely thermal element for overcurrent and a magnetic element for short circuit release. The MCCB market is primarily driven by the rising electricity consumption and continued reform in electricity infrastructure. Global demand for electricity is increasing at an alarming rate. According to the International Energy Agency (IEA), worldwide electricity consumption is expected to hit 30,000 terawatt hours (TWh) by 2030. This would produce considerable opportunities for the associated markets, such as electrical equipment and protection devices. Consequently, with the continuous rise in electricity production and consumption, the demand for MCCBs would continue to rise in the following years. Additionally, high growth in the construction sector across the globe is fuelling the growth of the Molded Case Circuit Breakers (MCCB) Market. However, factors such as fluctuating working characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices.

Leading Key Players:-

- Legrand SA
- Fuji Electric Co., Ltd.
- Havells India Ltd.
- Huayi Electric Co., Ltd
- Toshiba Corporation
- Noark Electric (USA) Inc.
- Chint Group (China), and Maxguard
- Siemens AG
- Schneider Electric
- General Electric
- Eaton Corporation Plc.
- Rockwell Automation, Inc.
- Mitsubishi Electric Corporation
- Hitachi Industrial Equipment Systems

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Industry News:-

In September 2017, ABB completed the acquisition of General Electric's industrial solutions business for USD 2.6 billion. The company is focusing on strengthening their position in electrification globally and expanding their access to North American and other regions.

In May 2016, a power management company, Eaton, launched molded case circuit breaker authentication tool, accessible via the PowerEdge mobile app. It has been enhanced with new features as well as functionality that makes it easier for customers to access critical information regarding thousands of Eaton electrical products and verify the purchase of safe, authentic Eaton molded case circuit breakers.

In October 2014, ABB opened a new production facility in Cibitung, West Java, to double ABB's Miniature Circuit Breaker (MCB) production capacity within the region, to meet growing market demands driven by rapid urbanization and the growing industrial sector.

Scope of the Report:-

This study provides an overview of the global molded case circuit breakers (MCCB) market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global MCCB market by its rating current, end-user, and region.

By Rated Current
- Up to 20A
- 21A–75A
- 76A–250A
- 251A–800A
- Above 800A
- End-User
- Manufacturing & Process Industry
- Residential & Commercial
- Power Generation
- Others

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Asia Pacific region dominates the global molded case circuit breakers (MCCB) market:-

Geographically, the MCCB market has been divided into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region accounted for the largest market share in 2017 mainly due to high growth in the construction sector. Europe is another major region for the MCCB market. It is expected to expand at a sluggish pace during the forecast period. In Europe, increasing upgrading and renovation projects of existing infrastructure provides the positive effect on the growth of the market. The U.K, Germany, Spain, and France are the major markets in Europe.