Molded Case Circuit Breakers Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The global molded case circuit breakers market is forecasted to be extensively advantaged by rising applications in key projects such as the largest floating photovoltaic power plant test-bed in the world. This 1 MW floating photovoltaic power plant test-bed in Singapore measuring 1 ha will feature ABB technologies, including low-voltage molded case and miniature circuit breakers to guard electrical circuits on water.
An electrical circuit system recognizes circuit breakers as one of the most vital components for its proper function. Circuit breakers find a crucial and an essential application during electric current overloads and short circuits–protecting electronic loads and devices. In a molded insulating material, a molded case circuit breaker could embody the complete enclosure as an electrical protection device. A miniature circuit breaker revealingly differs from a molded case circuit breaker by the current rating supported. While a miniature circuit breaker can operate in electrical circuits possessing up to a 100 A current rating, a molded case circuit breaker can do well even in an over 1,000 A (normally 2,500 A) current rating.
Leading providers such as Eaton typically manufacture molded case circuit breakers that could be installed in a variety of end uses such as bus duct plug-in units, individual enclosures, combination starters, control panels, and motor control centers. Such products are expected to be engaged for various applications such as military, mining, industrial, commercial, and alternative energy. Until 2016, top players had taken to new product development that constituted a larger percentage of all developments as a go-to business strategy.
The molded case circuit breakers market is on the path of rapid growth, powered by ongoing industrialization and urbanization. Their growing application in a wide range of industries has significantly benefited the market and companies have been increasingly recognizing the immense potential this market holds.
The market can be bifurcated into molded case circuit breaker (MCCB) and miniature circuit breaker (MCB) on the basis of type. By way of rated current, the market can be categorized into 0A (ampere) to 20A, 21A to 75A, 76A to 250A, 251A to 800A, and above 800A. The key end users of molded case circuit breakers include transmission and distribution, infrastructure, transportation, manufacturing, and power generation.
The report offers in-depth and sharp insights on the molded case circuit breakers market across the globe. The major factors boosting their adoption and those restricting their uptake have been clearly identified and assessed in the report and insightful recommendations on making the most of the latest market trends have been provided. The competitive landscape has been thoroughly scrutinized and the leading companies contributing to the overall revenue and demand in the molded case circuit breakers market have been profiled. Their growth strategies, financial performance over the years, recent developments in the field, and product portfolio have been discussed at length.
The global market for molded case circuit breakers is primarily fueled by fast-paced economic growth across sectors such as power, water, petrochemicals, and plastics, thereby driving the demand for these breakers across various application segments, such as manufacturing and process, transmission and distribution, commercial and residential infrastructure, transportation, and power generation. The demand for molded case circuit breakers is also rather high in the electronics industry. Growing focus on the efficient and reliable transfer of power, the development of innovative circuit protection solutions, a rise in urban energy conservation and rural electrification programs in several emerging economies, and the revival of the construction sector in many developed countries have also contributed significantly toward the expansion of the molded case circuit breakers market. In addition to this, the rising trend of decentralized power distribution is likely to offer immense scope for growth.
Contrary to this, the growth of the molded case circuit breakers market is limited owing to the high cost of raw materials. Moreover, slow tripping, vulnerability to heat, and other inconsistencies are proving to be a barrier for players.
Geographically, the worldwide molded case circuit breakers market is divided into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific accounts for a considerable share in the international market thanks to the growing usage of molded case circuit breakers in the infrastructure and manufacturing sectors. The growth in this regional market is slated to be rapid owing to the thriving manufacturing and construction industries, especially in Southeast Asia. Another factor driving the demand for molded case circuit breakers is the rising demand for and capacity of power generation in countries such as India.
The Middle East is also an emerging market, thanks to the growing demand for electricity. This demand stems from factors such as rapid urbanization and industrialization, technological advancements, and economic growth. Construction and infrastructure projects in countries such as Dubai, Qatar, Kuwait, and Saudi Arabia spells a world of opportunity for those looking to invest in the MEA molded case circuit breakers market.
Some of the top players competing in the global market for molded case circuit breakers are Siemens AG (Germany), General Electric (U.S.), Rockwell Automation, Inc. (U.S.), Eaton Corporation Plc. (Ireland), and Schneider Electric (France). In addition to the global market being increasingly competitive, the degree of rivalry in the regional markets for molded case circuit breakers is immensely high as well. Increasing R&D for the development of new technologies, mergers, partnerships, and acquisitions are some of the leading strategies adopted by players to stay ahead in the game.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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