Press release
Molded Case Circuit Breakers Market is Expected to Grow at a CAGR of over 6.24% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Molded Case Circuit Breakers market is valued at USD 9.51 Billion in 2021 and estimated to reach a value of USD 14.82 Billion by 2028 at a CAGR of 6.8% during the forecast period, 2022-2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6.8% size of the Molded Case Circuit Breakers Market at the end of the forecast period.
• The Global Molded Case Circuit Breakers market is predicted to reach a value of USD 14.82 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Molded case circuit breaker (MCCB) or molded case welder circuit breaker, as the name suggests, is a type of circuit breaker with a body and electrical contacts made of molded plastic. This design offers several advantages over traditional mechanisms: it makes MCCBs smaller and lighter than other types, which allows them to be located in places other types could not; they are more resistant to dust, water and oil than standard breakers, as well as have higher short-circuit braking capability.
Market Segmentation:
By Type:
• MCB
• MCCB
By End-User:
• Transmission & Distribution
• Infrastructure (Residential and Commercial)
• Power Generation
• Manufacturing and Process Industries
• Transportation (Railways)
• Others
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COVID-19 Impact Analysis of Molded Case Circuit Breakers Market:
In 2020, the rapid spread of COVID-19 significantly affected global business operations, disrupting supply chains and impacting various industries. The nationwide lockdown, international border seals and strict social distancing measures have led to a sharp drop in global business activity. This had a huge impact on the global economy, as companies around the world were forced to either completely or partially shut down their operations, causing disruption in the supply-demand ratio. Moreover, 2021 saw a second wave of COVID-19 in several key markets such as the US, India and Brazil which further disrupted the market.
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The Molded Case Circuit Breakers market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Molded Case Circuit Breakers Market:
• ABB
• WEG
• SIEMENS
• SCHNEIDER ELECTRIC
• GENERAL ELECTRIC
• EATON CORPORATION
• FUJI ELECTRIC
• HUAYI ELECTRIC
• LEGRAND
• HITACHI
• ROCKWELL AUTOMATION
• HAVELLS INDIA
• CHINT
• NOARK ELECTRIC.
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Reason for buying this Molded Case Circuit Breakers Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Molded Case Circuit Breakers market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Molded Case Circuit Breakers market and provides possible solutions to those problems.
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