The demand for efficient circuit breakers is growing rapidly owing to various advantages, including automatic switching during abnormal electrical conditions, tripping in electrical faults, and quick restoration of electrical supply by switching on the operation.
MCBs (Miniature Circuit Breakers) and MCCBs (Molded Case Circuit Breakers) prevent the overheating of home appliances and reusable protection system as well as they avoid electrical accidents in households and offices.
The global MCB and MCCB market is projected to grow at 7.28% CAGR during the forecast period, 2018–2023. In 2017, the global MCB and MCCB market was led by Asia-Pacific with a 34.06% share, followed by Europe and North America with shares of 25.35% and 21.71%, respectively.
The MCB and MCCB market has been segmented based on type, rated current, End-Use, and region. On the basis of type, the market has been segmented into, MCB and MCCB. The MCCB is expected to grow at the faster rate during the forecast period. In 2017, the MCCB segment held a 60.35% share of the global MCB and MCCB market. On the basis of rated current, the market has been segmented into, up to 20A, 21-75 A, 76-250 A, 251- 800 A, and above 800 A. The 76-250 A is expected to grow at the fastest rate during the forecast period. In 2017, the 76-250 A segment held a 29.67% share of the global MCB and MCCB market. On the basis of end-use, the market has been segmented into, power generation, transmission & distribution, residential & commercial, manufacturing and process industries, transportation and others (agriculture and defense). In 2017, the residential & commercial segment held a 37.47% share of the global MCB and MCCB market.