USD 3.10 billion
Molded Case Circuit Breakers Market Size, Share, Growth Analysis, By Product(Miniature and Molded Cases), By Power Range(Below 0-75A. 75-250A, 250-800A, and Above 800A), By End-Use(Consumer Power Utilities, Industrial, Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10A2038 |
Region:
Global |
Published Date: March, 2024
Pages:
154
|Tables:
90
|Figures:
76
Molded Case Circuit Breakers Market Insights
Molded Case Circuit Breakers Market size was valued at USD 3.4 Billion in 2023 and is poised to grow from USD 3.73 Billion in 2024 to USD 7.82 Billion by 2032, growing at a CAGR of 9.7% during the forecast period (2025-2032).
Increased investment in rail transport, expansion and distribution networks, increasing capital expenditure in clean energy technologies and smart grid solutions is expected to drive the demand for molded case circuit breakers. European US. continues to boast of FMCG - GDP growth in China, India, Philippines and Vietnam remains high despite possible China-China trade dispute concerns.
As a result, countries continue to emphasize on energy security by investing in conventional and renewable energy sources, which will fuel the growth of the molded case circuit breakers market in APAC Middle East countries such as UAE, Saudi Arabia, Qatar and Bahrain are expanding investment in research activities Molded case circuit breaker market is growing.
Smart grid growth due to income, demographic stability and increasing consumer demand for monitoring and control devices to better manage their electricity consumption. It is expected that developed countries the U.S. and European countries including will see a significant growth in smart meter adoption is seeing a dramatic increase, in detail the demand for intelligent electronic devices to monitor the entire grid system is increasing. Furthermore, the demand for smart grid infrastructure with smart monitoring and control devices is set to rise further in developing countries due to increasing power consumption coupled with frequent power outages because of the public confrontation.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
250-800A
Fastest Growth
Growth Rate
9.7% CAGR
Global Molded Case Circuit Breakers Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Molded Case Circuit Breakers Market Segmental Analysis
The global molded case circuit breakers market forecast is segmented on the basis of product type, power range, end-use, and region. On the basis of product type, the market is divided into miniature and molded cases. Based on power range, it is divided into below 0-75A. 75-250A, 250-800A, and above 800A. On the basis of end use, it is divided into consumer power utilities, Industrial, Residential, Commercial, and others. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Power Range
The 75-250A segment accounted for 38.2% of the molded case circuit breaker market share by 2021 and is expected to maintain its dominance over the forecast period. 75-250A power range molded case circuit breakers are widely used in small production applications. The worldwide industrialization of various pharmaceutical and electronic components has led to the demand for screwdrivers fabricated in molded case circuit breakers
Circuit breakers with current ratings of 250-800A segment have been developed for many masses industrial and commercial applications. They can handle the high current rates associated with large machinery, equipment and mechanical processes. These circuit breakers are critical for protecting critical infrastructure, including manufacturing facilities, power distribution, and other large-scale infrastructure.
Analysis by Product
The mold case segment accounted for 65% of the molded case circuit breaker market share by 2021 and is expected to maintain its dominance over the forecast period with faulty voltage under-voltage, over-current and short-circuit conditions in various commercial and lighting industrial applications -The development of molded-case circuit breakers market to protect conditions is expected to boost the molded-case circuit breakers market during the forecast period.
The role of miniature segment in the global molded case circuit breakers market. Miniature circuit breakers (MCBs) are known for their compact design, making them suitable for use where space is limited. Small circuit breakers are often used in residential and commercial buildings for excessive short circuit protection.
Global Molded Case Circuit Breakers Market By Power Range
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Molded Case Circuit Breakers Market Regional Insights
The Asia-Pacific region dominated the market by 2022. India and China are the major players in this region mainly due to their population and energy requirements. Asia Pacific is the fastest growing region in terms of revenue of the global molded case circuit breakers market. China, Japan, India, South Korea and Australia are major contributors to the sector’s growth. The rapidly growing population and economy in the Asia-Pacific region fuels the growth of construction, healthcare, electricity, and other sectors in the region, which in turn drives the demand for circuit breakers and other equipment protect themselves in these activities.
The North America region is estimated to grow at the largest CAGR throughout the forecast period. The growing market in this segment is driven by rising electricity consumption in the US. and Canada as a whole in particular. Also, the strong need for occupational safety of individuals in various industries is driving the growth of the molded case circuit breakers market in this segment. In addition, conventional resource resources such as coal, petroleum and natural gas are rapidly declining, leading to increased demand for electricity from renewable sources.
Global Molded Case Circuit Breakers Market By Region
- Largest
- Fastest
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Molded Case Circuit Breakers Market Dynamics
Drivers
Advances in the Use of Molded Case Circuit Breakers in Various End-use Industries
- The use of molded case circuit breakers is rapidly increasing in various end applications such as power plant, residential, commercial and industrial Molded case circuit breakers are used in various electrical applications, including renewable energy, lighting systems, etc. Includes Protection against short circuits, over voltages, and other abnormal conditions Furthermore, molded case circuit breakers are used in a variety of industrial applications such as oil & gas, chemicals, cars, and so on. They are widely used in industrial power systems, large manufacturing facilities, appliances, and others for protection against short circuits, overloads, and other unusual conditions.
Increasing Power Demand
- Increasing power demand in residential, commercial and industrial sectors is a major driver for the MCCB market. As the world population grows and the economy grows, the consumption of electricity increases proportionately, resulting in overconsumption of electricity, by short distances. MCCBs have high safety requirements. Applications including residential buildings, malls, industrial complexes, railways, airports etc. drive the demand for MCCBs. These circuit breakers are important components of power divide the system.
Restraints
Lack of Robust Policies in Some Countries may Hinder Market Growth
- Building new recycling centers requires significant capital expenditure and dedication to assembly & supply chains, the lack of which can restrain the growth of this market. Furthermore, lack of proper regulations for disposal of battery products in various developing countries could be a hindrance to market growth as alternative batteries such as lead batteries are increasingly used for recycling.
Effects of Economic Uncertainty
- Economic uncertainty, including factors such as changes in GDP growth, exchange rates and geopolitical pressures, will affect investment decisions and spending on infrastructure end-users in key end-use projects may result in uncertain financial conditions leading to project delays, reduced capital expenditures, and deferred equipment purchases, which affect MCC.
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Molded Case Circuit Breakers Market Competitive Landscape
The competitive environment of the global Molded Case Circuit Breakers market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- Schneider Electric
- Siemens
- ABB
- Eaton
- Legrand
- Mitsubishi Electric Corporation
- Fuji Electric FA Components & Systems Co., Ltd.
- CNC ELECTRIC GROUP CO., LTD.
- Rockwell Automation
- Hitachi, Ltd.
- ABB Ltd
- General Electric
- Hitachi Industrial Equipment Systems
- Huayi Electric Co., Ltd.
- Legrand
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Toshiba Corporation
Recent Developments
- In May 2022, ABB launched the Sutra name Rail, a comprehensive range of small circuit breakers and residual current circuit breakers for electrical retail outlets across India the company's product divisions cover overload, short circuit, earth Order modern systems with the best protection for electrical circuits against leakage, this product launch expanded ABB's product range for the circuit breaker industry in India.
- In June 2019, ABB was pleased to announce the launch of its molded case circuit breakers for high-voltage solar panels. The breaker is designed to provide a complete range of protection solutions for high-volume electrical equipment.
- In May 2018, Schneider Electric signed a definitive agreement to buy Larsen & Toubro’s electric automation business for Rs 14,000 crore.
Molded Case Circuit Breakers Key Market Trends
Rising Expansion of Transmission and Distribution Networks
- Improvements in rail infrastructure, expansion of transmission and distribution networks, increasing capital expenditure on clean energy technologies, smart grids solutions are set to create demand of molded case circuit breaker market has grown focus more on investment in clean energy infrastructure and renewable energy development.
Molded Case Circuit Breakers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Widespread growth in innovative infrastructure, increase in power consumption and increasing focus on power distribution is expected to fuel the demand for molded case circuit breaker market growth during the projected period. The demand for mold case circuit breakers from commercial and residential sectors is increasing. This is to speed up the safe and reliable operation of various electrical circuits and is expected to fuel the growth of the global molded case circuit breakers market. Increased investments by key players to bring about development and improvement in incorporated powder mixtures to meet the growing needs of consumers is a major key factor driving the market growth. With the increase in power consumption along with the expansion of power distribution, electrical faults such as short circuits or overheating are likely to increase the demand for molded case circuit breakers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.10 billion |
| Market size value in 2031 | USD 7.13 billion |
| Growth Rate | 9.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Molded Case Circuit Breakers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Molded Case Circuit Breakers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Molded Case Circuit Breakers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Molded Case Circuit Breakers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Molded Case Circuit Breakers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Molded Case Circuit Breakers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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