Molded Case Circuit Breakers Market Analysis, Share, Comprehensive Research Stud

1. Market Highlights Molded Case Circuit Breaker (MCCB) is an essential component in an electrical circuit as it prevents electricity overloading, damage to electrical wiring and devices, and electrical fire outbreak. MCCB commonly works based on two elements, namely thermal element for overcurrent and a magnetic element for short circuit release. The MCCB market is primarily driven by the rising electricity consumption and continued reform in electricity infrastructure. Global demand for electricity is increasing at an alarming rate. According to the International Energy Agency (IEA), worldwide electricity consumption is expected to hit 30,000 terawatt hours (TWh) by 2030. This would produce considerable opportunities for the associated markets, such as electrical equipment and protection devices. Consequently, with the continuous rise in electricity production and consumption, the demand for MCCBs would continue to rise in the following years. Additionally, high growth in the construction sector across the globe is fuelling the growth of the market. However, factors such as fluctuating working characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices. 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. Request free sample PDF @ https://www.marketresearchfuture.com/sample_request/5902 Top Boosters and Main Barriers The COVID-19 outbreak has left a negative impact on all the industries worldwide, leading to lockdown, shutting down of manufacturing facilities and consequent cease in production. The pandemic has disrupted the entire ecosystem with many of the supply chain vendors shifting their facilities from China to other locations, in a bid to reduce their dependency on China. SARS-CoV-2 induced lockdown has not only affected the manufacturing sector but has also led to a drop in the consumer demand for various products. However, the COVID-19 impact on the market remains milder compared to other industries, given the escalating demand for electricity in light of the growing global economy, technological developments and surge in the urbanization rate. The growing need to boost the performance of the power system apparatus for better system asset management and enhanced quality of the electrical power, especially post the novel coronavirus, can be a notable growth inducer for the molded case circuit breakers market. Following the SARS-CoV-2 outbreak, the key vendors have been highly focused on research and development/R&D activities to develop high-end and sophisticated products to retain the number of end-users in the industry. This has led to an increased application scope of MCCBs, which can spur its demand further in the coming years. Product innovation and launches are some of the top strategies that the leading players employ to gain traction in the global market. For instance, in February 2020, NOARK Electric expanded its range of molded case circuit breakers, with the addition of 1 pole and 2 pole in M1 as well as M2. These advanced MCCBs boast of higher reliability as well as performance. Scope of the Report

2. This study provides an overview of the global molded case circuit breakers (MCCB) market, tracking two market segments across four geographic regions. The report studies key players, providing a five- year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global MCCB market by its rating current, end-user, and region. By Rated Current Up to 20A 21A–75A 76A–250A 251A–800A Above 800A End-User Manufacturing & Process Industry Residential & Commercial Power Generation Others By Region North America Asia Pacific Europe Rest of the World                 Top Industry Players The top industry players are Rockwell Automation, Inc. (U.S.), Chint Group (China), Noark Electric (USA) Inc. (U.S.), Toshiba Corporation (Japan), Hitachi Industrial Equipment Systems (Japan), Legrand SA (France), Fuji Electric Co., Ltd. (Japan), Havells India Ltd. (India), General Electric (U.S.), Mitsubishi Electric Corporation (Japan), Maxguard (Malaysia), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation Plc. (Ireland), Huayi Electric Co., Ltd (China), to name a few. Browse Complete Report @ https://www.marketresearchfuture.com/reports/molded-case-circuit-breakers-market-5902 About Market Research Future: Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects. Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions. Our Forte  Strong industry focus

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