The global molded case circuit breakers market was valued at USD 6.52 Billion in 2015 and is expected to grow at a CAGR of 6.82% from 2016 to 2021. Increasing manufacturing and infrastructural activities in Southeast Asia, increasing rural electrification, growing urban energy conservation programs, increasing industrialization and demand from utilities, revival in construction activities in the developing countries like India and China led by various government initiatives will trigger the molded case circuit breakers market.
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The transmission & distribution industry segment is expected to hold the largest share by end-user, during the forecast period
The transmission & distribution industry in the end user segment led the market in 2015 and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by modernization of the ageing infrastructure in the developed countries like U.S. and UK. Growing construction activities in the developing economies like India and China and increasing smart cities projects around the globe for conserving energy is expected to create new revenue pockets for the molded case circuit breakers market during the forecast period.
Current rating from 75A–250A will be the fastest growing market in rated current segment
In the rated current segment, MCB and MCCB with current rating from 75A–250A are expected to constitute the fastest growing market from 2016 to 2021. This because the MCB and MCCB falling under this sub-segment are mostly used in infrastructure sector, especially residential as well as commercial. The growing infrastructure sector in the developing economies are likely to drive the market for this sub-segment.
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The report segments the molded case circuit breakers market on the basis of type into MCB and MCCB. The MCCB segment is projected to dominate the MCB and MCCB market.
The molded case circuit breakers market has been segmented based on rated current ranging from 0A–20A, 21A–75A, 76A–250A, 251A–800A, and above 800A. The segment ranging from 75A–250A accounted for the largest market share in 2015. These MCB and MCCB are being increasingly adopted due to their wide application in various industries for motor protection, lighting duties, etc.
The report segments the molded case circuit breakers market based on end-user segment into transmission & distribution, infrastructure (residential and commercial), manufacturing and process industry, transportation (railways), and others.
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In this report, the molded case circuit breakers market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. Asia-Pacific is expected to dominate the global molded case circuit breakers market during the forecast period, owing to the extensive use of these devices in manufacturing industries as well as infrastructural activities.
The Asia-Pacific market is projected to grow at the highest CAGR from 2016 to 2021. The region is the largest market for the construction sector. The growth of the manufacturing sector, especially in Southeast Asian countries, coupled with an increase in power generation capacity in India, is expected to drive the molded case circuit breakers market in the region.
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