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. Market Research Future (MRFR) has published a research report about the global Molded Case Circuit Breakers Market that anticipates elevation for this market at 6.28% CAGR between 2018 and 2024.

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.

Market Segmentation

The global molded case circuit breakers market segmentation has segmented the market into end-user, rated current, and region. Based on end-user, this market is being segmented into chemicals, manufacturing & process industry, power generation, residential & commercial, transmission & distribution, and others. In the context of rated current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A.

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Regional Insight

The regional segmentation of the global molded case circuit breakers market has segmented the market into the regional markets, namely North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region has been estimated to be the largest regional market during the forecast period due to the high growth in the construction sector, high population growth in countries like China and India, advancement in lifestyle of people, and rising demand for modernizing the existing electricity infrastructure that can serve the increasing electricity.

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.

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.

The RoW segment primarily covers the countries of the Middle East & Africa (MEA).

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).