NEW YORK, Jan. 23, 2017 /PRNewswire/ -- "The molded case circuit breakers market is projected to grow at a CAGR of 6.82% from 2016 to 2021"
The molded case circuit breakers market is projected to reach USD 9.62 billion by 2021, at a CAGR of 6.82% from 2016 to 2021. MCB and MCCB are used in the transmission & distribution, infrastructure (residential and commercial), manufacturing and process industry, transportation (railways), and others. Increasing infrastructural activities including commercial buildings such as airports, hospitals, and railway stations, increasing rural electrification and growing urban energy conservation programs, and increasing industrialization and demand from utilities are expected to drive the molded case circuit breakers market. The MCB and MCCB are expensive than traditional fuses, which could hinder market growth in the underdeveloped economies where still the fuses are preferred over MCB and MCCB.
"The MCCB segment is expected to grow at the highest CAGR from 2016 to 2021"
With regard to the design type segment, MCCB are expected to constitute the fastest growing market from 2016 to 2021. There are variety of MCCB that are used for different applications such as main electric feeder protection where power is supplied to large distribution boards, capacitor bank protection for commercial and industrial electrical systems, generator protection for large generators such as gen-sets, welding application where current exceeds the capacities of MCB, and motor protection where MCCB can be adjusted to provide overload protection without tripping during the inrush current of an electric motor.
"Asia-Pacific: The largest market for MCB and MCCB"
Asia-Pacific is currently the largest market for MCB and MCCB, closely followed by North America. The Asian market is primarily driven by countries such as China, India, and Japan, where there are high demands for MCB and MCCB. The market in this region is projected to grow at a high rate, with China expected to dominate the market. Despite the headwinds in the Chinese economy, increasing domestic demand for various manufacturing facilities and construction activities in the healthcare sector is expected to raise the growth rates slightly in 2017; this will likely boost the demand for MCB and MCCB.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 40%, Tier 2- 35%, Tier 3- 25%
By Designation: C-Level- 18%, Manager-Level- 35%, Others- 47%
By Region: Asia-Pacific- 60%, Middle East- 10%, Europe- 16%, North America- 9%, and Africa- 5%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = USD 10 billion to USD 20 billion, and Tier 3 =
The leading players in the molded case circuit breakers market include Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), Eaton Corporation Plc. (Ireland), Rockwell Automation, Inc. (U.S.).
The report defines, describes, and forecasts the global molded case circuit breakers market by design type, rated current, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
Why buy this report?
1. The report identifies and addresses key markets for MCB and MCCB, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.
Read the full report: http://www.reportlinker.com/p04633753-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/molded-case-circuit-breakers-market-by-type-rated-current-end-use---global-forecasts-to-2021-300395055.html