The Molded Case Circuit Breakers (MCCB) Market 2020 can progress at a rate of 6.28% between 2018 and 2024 (appraisal period), believes Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak.

Top Boosters and Main Barriers

The COVID-19 outbreak has left a negative impact on all the industries worldwide, leading to lockdown, shutting down of manufacturing facilities and consequent cease in production. The pandemic has disrupted the entire ecosystem with many of the supply chain vendors shifting their facilities from China to other locations, in a bid to reduce their dependency on China. SARS-CoV-2 induced lockdown has not only affected the manufacturing sector but has also led to a drop in the consumer demand for various products.

However, the COVID-19 impact on the market remains milder compared to other industries, given the escalating demand for electricity in light of the growing global economy, technological developments and surge in the urbanization rate. The growing need to boost the performance of the power system apparatus for better system asset management and enhanced quality of the electrical power, especially post the novel coronavirus, can be a notable growth inducer for the molded case circuit breakers market. A detailed analysis report of COVID-19 impact on Global Molded Case Circuit Breakers Market is provided with the report.

Global Molded Case Circuit Breakers Market Segmentation

The Molded Case Circuit Breakers Industry can be divided into rated current as well as end-user.

The rated current-based segments are up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A.

The end-users in the worldwide market are manufacturing & process industry, transmission & distribution, power generation, residential & commercial, and more.

Regional Insight

The MCCB market can be regionally considered for Europe, North America, APAC/Asia Pacific, and RoW/Rest of the World.

In 2017, the worldwide leader in the molded case circuit breakers market was APAC. It is expected that the APAC market can also achieve the highest growth rate between 2018 and 2024. The escalating growth of the construction industry and the increasing modernization and modification of the aging electricity infrastructure benefit the MCCB market in this region.

North America could acquire the second lead in the MCCB market in the near future, as a result of the strict compliance standards with regard to electrical safety and the high spending on the transmission & distribution network.

Top Industry Players

The top industry players are Rockwell Automation, Inc. (U.S.), Chint Group (China), Noark Electric (USA) Inc. (U.S.), Toshiba Corporation (Japan), Hitachi Industrial Equipment Systems (Japan), Legrand SA (France), Fuji Electric Co., Ltd. (Japan), Havells India Ltd. (India), General Electric (U.S.), Mitsubishi Electric Corporation (Japan), Maxguard (Malaysia), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation Plc. (Ireland), Huayi Electric Co., Ltd (China), to name a few.

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