The remarkable factor driving the global molded case circuit breakers market growth is continued reform in electricity infrastructure and rising electricity consumption. Other important market driving factors include growing demand for electrical equipment as well as protection devices and high growth in the construction sector. However, fluctuating working characteristics of the breaker depending on the ambient temperature can restrict the demand for molded case circuit breaker devices.

The most crucial components of a whole electrical circuit system are circuit breakers because they can prevent the overload or short circuits from electronic devices and loads. Molded Case Circuit Breaker (MCCB) is defined as a miniature circuit breaker that is primarily used for protecting an electrical circuit from short circuits and connect or disconnect loads from the electrical source in a secure way

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Segmentation

For the purpose of this study, the global MCCB market has been divided into two segments, namely rated current and end-user. On the basis of end-user, the market has been segmented into transmission & distribution, manufacturing & process industry, residential & commercial, power generation, and others. In 2017, transmission & distribution industry dominates the end-user segment of the market mainly due to the renovation of aging infrastructure in countries such as the U.S. and the U.K. Furthermore, increasing construction activities in emerging regions as well as increasing number of smart cities projects across the globe is expected to boost the growth of the global molded case circuit breakers market during the forecast period.

On the basis of rated Current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A. In 2016, 76A–250A dominated the rated current segment of the MCCB market.

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Regional Analysis

Geographically, the Asia Pacific region is the dominating as well as the fastest growing region for the MCCB market. The Middle East & Africa region is expected to contribute significantly in the global market during the forecast period. The Middle East countries are expanding their cross-border electricity trade and integrating wind and other renewable energies, increasing the load flow on aging networks. For instance, GE signed a contract with the government of Egypt to deliver 2,683 GW of electricity. Additionally, higher focus on efficient and reliable power transmission, along with the installation of new energy infrastructure in emerging economies, is expected to boost the Middle East MCCB market.

During the forecast period, North America is expected to be the second largest regional market due to stringent compliance requirements on electrical safety, high investment in transmission & distribution network, and subsequent wide scope for the usage of electrical components in this region. USA and Canada are the most important country-specific markets in this region.

Europe is an important regional market due to the increasing number of cross border interconnections that is leading to the growth of the transmission and distribution (T&D) equipment industry in this region. Second market driver in Europe is the interconnected grid that can transfer electricity between countries like France, Germany, Poland, Sweden, and the U.K. Third important market driving factor is the improvement of grid reliability.

Key Players

The key players in the global molded case circuit breakers market include Chint Group (China), Eaton Corporation PLC (Ireland), Fuji Electric Co., Ltd. (Japan), General Electric (USA), Havells India Ltd. (India), Hitachi Industrial Equipment Systems (Japan), Huayi Electric Co. Ltd (China), Legrand SA (France), Maxguard (Malaysia), Mitsubishi Electric Corporation (Japan), Noark Electric (USA) Inc. (USA), Rockwell Automation, Inc. (USA), Schneider Electric (France), Siemens AG (Germany), and Toshiba Corporation (Japan).

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