Overview

The global MCB and MCCB market is expected to be valued at USD 11,513.9 million by 2023 with a CAGR of 7.28% during the forecast period (2018–2023). Market Research Future (MRFR) in the report envelop segmentation and drivers for a better glimpse of the market in the coming years. MCB and MCCB are the electromagnetic devices that automatically switches off the electrical circuit in order to save the home appliances in case of short circuit in the event of an abnormal condition, such as an overload of current and fault in electrical component. These are the electrical protection device that provides protection by combining a temperature sensitive device and current sensitive electromagnetic device. It protects against the ground faults, short circuits, and thermal overloads.

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Competitive Analysis

Prominent players profiled in the MCB and MCCB market are Siemens (Germany), ABB (Switzerland), Mitsubishi Electric Corporation (Japan), Fuji Electric Co. Ltd (Japan), Hitachi Industrial Equipment Systems Co. Ltd (Japan), Rockwell Automation, Inc. (US), Havells India Ltd (India), Schneider Electric (France), Legrand (France), Eaton (Ireland), CHINT Group (China), and NOARK Electric (US). Mergers, acquisitions, contracts, product development, and expansions are the key strategies these companies employ to stay ahead of the rest.

Segmental Analysis

Extensive research of the MCB and MCCB market segments the market by type, rated current, and end-use.

On the basis of type, the MCB and MCCB market can be segmented into MCB and MCCB.

On the basis of rated current, the MCB and MCCB market has been segmented into Up to 20 A, 21–75 A, 76–250 A, 251–800 A, and Above 800 A.

On the basis of end-use, the MCB and MCCB market comprises power generation, transmission & distribution, residential & commercial, manufacturing & process industries, transportation, and others (agriculture and defense).

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Regional Analysis

Geographic analysis of the MCB and MCCB market spans across Asia-Pacific, Europe, North America, Middle East & Africa, and South America.

Asia-Pacific is leading the market with its market value at USD 2,776.1 million in 2018. The regional market value can go up to USD 4,055.4 million by 2023 with an impressive 7.87% CAGR during the forecast period. The continuous upgrade of the existing T&D infrastructure and the inaccessibility of electricity with the increasing demand of power, drive the MCB and MCCB market in Asia-Pacific.

Europe has the second largest market share in the MCB and MCCB market. Increasing investments in adding renewable energy power into the power system and decentralization of power distribution are the major factors driving the market for MCB and MCCB in Europe.

Germany is leading in Europe for MCB and MCCB market.

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