Circuit breakers are among the most crucial components of an electrical circuit system. Molded case circuit breaker (MCCB) is an electromagnetic device that combines a current sensitive device with a temperature sensitive electromagnetic device to protect an electrical circuit from damage caused by excess current, short circuit, and overload. Molded case circuit breakers prevent electricity overloading, thereby avoiding damage to electrical wiring, devices, and electrical fire outbreak. To interrupt the current flow after a fault is detected is the primary function of the molded case circuit breaker. Current sensitive and temperature sensitive devices act mechanically on the trip mechanism. Molded case circuit breakers use one or a combination of various trip elements in order to provide protection from thermal overloads, short circuits, and ground faults. MCCBs are primarily used in industrial, power generation, and transmission & distribution applications requiring heavy protection capacity.
MARKET SCOPE
The "Global Molded case circuit breaker Market Analysis to 2028" is a specialized and in-depth study of the molded case circuit breaker market with a special focus on the global market trend analysis. The report aims to provide an overview of molded case circuit breaker market with detailed market segmentation by type, end-user, and application. The global molded case circuit breaker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading molded case circuit breaker market players and offers key trends and opportunities in the molded case circuit breaker market.
MARKET SEGMENTATION
- The global molded case circuit breaker market is segmented on the basis of type, and application.
- On the basis of type, the market is divided into molded case, and miniature.
- On the basis of end-user, it is fragmented into transmission and distribution, infrastructure, and power generation.
Drivers
- Factors such as continued modification in electricity infrastructure and ever-rising electricity production and consumption are driving the growth of the global molded case circuit breakers market. These days, countries are investing in the development of electricity infrastructure in order to provide more efficient, reliable, and competitive public service.
Restraints
- Varying operating characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices, thereby limiting the growth of the molded case circuit breakers market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The molded case circuit breaker market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the molded case circuit breaker market in these regions.
IMPACT OF COVID-19 ON MOLDED CASE CIRCUIT BREAKER MARKET
The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the Molded Case Circuit Breakers in 2020.
The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged. The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
Since the pandemic, the restriction of imports and exports has affected the Molded Case Circuit Breakers market to a great extent as the consumers' consumption and demand patterns are changing amidst pandemics. Issues such as raw material unavailability, stagnation of the global trade and subsequent delays in installation are estimated to drive the prices of the breakers upwards which will prove to be a significant obstacle that the industry will have to adapt to. Increase in prices will cause project delays which, in turn, would again cause a spike in prices.
MARKET PLAYERS
The report covers key developments in the molded case circuit breaker market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from molded case circuit breakermarket market are anticipated to lucrative growth opportunities in the future with the rising demand for molded case circuit breaker market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the molded case circuit breaker market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Siemens AG,
- Honeywell Inc.
- General Electric Company
- Emerson Process Management
- Elster Group GmbH
- Daintree Networks
- Schneider Electric
- C3 Energy
- Daikin Industries
- Gridpoint Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.