The global MCB and MCCB market is projected to grow at a high rate during the forecast period, mainly due to the growing need for efficient protection devices in electrical circuit and constant rise in electricity demand and consumption. According to Bloomberg NEF, global electricity demand would reach around 38,700 terawatt hours by 2050 from 25,000 terawatt hours in 2017, driving new investment in power sector which would increase the need for electrical devices such as MCB and MCCB.

MCB is an electromechanical device which automatically switch off the circuit when there is a short circuit or any other abnormal condition. MCCB is a protecting device which is mainly used in places where adjustable tripping is required. Increasing industrialization and modernization of ageing infrastructure in developed economies would major driver for the growth of the global MCB and MCCB market. Additionally, governments around the globe are taking initiatives to develop smart cities around the globe for conserving energy which would further drive the market for MCB and MCCB

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Industry Segmentation

Global MCB and MCCB market has been segmented based on type, rated current, end-user, and region. Based on type, the market is classified into miniature circuit breaker and molded case circuit breaker. Molded case circuit breaker is leading the market and has the largest market share, mainly due to its wide application in industrial sector and it can withstand high rated current ranging more than 1000A. The global MCB and MCCB market is further segmented based on end-user, including T&D, manufacturing & process, power generation, infrastructure, and transportation, among others. T&D segment is expected to grow at the fastest rate as it is primarily driven by modernization of ageing infrastructure in countries such as US, Canada, and UK, among others. and growing construction activities in countries such as India and China.

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Regional Analysis

Region wise, Asia Pacific held the largest market share of the global MCB and MCCB market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to high energy demand and investment in smart cities for energy conservation. The MCB and MCCB market would mainly be driven by increase in the number of construction activities in countries such as India and China.

Key Players

The key players of the global MCB and MCCB market are ABB (Switzerland), General Electric (US), Rockwell (US), Siemens (Germany), WEG (Brazil), Schneider Electric (France), Legrand (France), Fuji Electric (Japan), Eaton (Ireland), Huayi Electric (China), Hitachi (Japan), Havells (India), and Chint Group (China), among others.

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