Molded Case Circuit Breaker Market

Molded Case Circuit Breaker Market Outlook (2023 to 2033)

The global molded case circuit breaker (MCCB) market is estimated at US$ 10.2 billion in 2023 and is forecasted to reach a valuation of US$ 17.1 billion by the end of 2033, registering a CAGR of 5.3% over the next ten years. Molded cases accounted for 65.1% share of the global market revenue in 2022.

Molded case circuit breakers are electrical protection devices that are used for a wide range of frequencies and voltages. They are commonly used in the case of exceeding the capabilities of load current. An MCCB is utilized for protection against electrical faults and overloads, and also for putting switch circuits on and off.

Molded case circuit breakers are utilized to connect and disconnect low-voltage circuits. They are used to protect wiring by automatically isolating circuits in case of an overload or if any short circuit occurs. Growing consumption of electricity across the world along with expanding power distribution networks is predicted to drive market revenue growth over the coming years.

Increasing railway transportation, expansion of distribution and transmission networks, and rising smart grid solutions are estimated to bolster the demand for molded case circuit breakers. Increasing investments in clean energy projects along with the development of renewable energy are also expected to generate lucrative opportunities for industry players.

Extensive development of new renewable energy projects and increasing concentration on distributed power generation are further driving the demand for MCCBs. Moreover, rising use of electricity across the world is also bolstering the demand for MCCBs.

The industrial, commercial, and residential sectors are widely deploying circuit breaker power protection solutions, which are estimated to accelerate demand for molded case circuit breakers for power monitoring and protection. Increasing importance of implementing rigorous practices for the minimization of arc flash hazards in environments is also generating opportunities for industry players.

On the flip side, expansion of the molded case circuit breaker market is being hampered to some extent due to the high-cost possibilities of delayed tripping as operating characteristics of MCCBs are dependent on ambient temperature.

Fact.MR, a market research and competitive intelligence provider, offers a comprehensive analysis of the molded case circuit breaker market. This newly published research report by the company provides a holistic analysis of market opportunities, competitive landscape, regional analysis, key trends, and other aspects.

Report Attributes	Details
Market Size in 2023	US$ 10.2 Billion
Projected Market Value (2033)	US$ 17.1 Billion
Global Market Growth Rate (2023 to 2033)	5.3% CAGR
Asia Pacific Market Growth Rate (2023 to 2033)	5.9%
Revenue Share of 70 to 250A MCCBs (2022)	38.3%
Key Companies Profiled	Chint Group Rockwell Automation Inc. Fuji Electric Co. Ltd. Eaton Corporation Plc. Siemens AG Schneider Electric Toshiba Corporation JSL Electric Corporation Powell Industries Inc. General Electric

What Path Lies Ahead for the Molded Case Circuit Breaker Market?

“Rising Use of Molded Case Circuit Breakers in Several End-use Industries”

There has been a significant increase in the use of molded case circuit breakers in different sectors, including power utilities, commercial, residential, and industrial. In power utilities, molded case circuit breakers are used for multiple purposes, including lighting systems and renewable energy plants, to protect them from overvoltage, short circuits, and other abnormal conditions.

Oil & gas, automotive, chemical, and other end-use industries are contributing to the rising demand for molded case circuit breakers. They are used widely in machinery circuits, large manufacturing facilities, industrial electrical systems, and other abnormal conditions.

Molded case circuit breakers are used in residential applications, including large apartments, household electrical systems, lighting & outlet circuits, and other to protect them from overvoltage, short circuits, and other. Commercial sites, including complexes, malls, shops, theatres, and others are driving demand for MCCBs. Increasing industrialization and urbanization in developing economies, including India, Brazil, etc. are also contributing to increased demand for molded case circuit breakers to provide uninterrupted power supply.

“Increased Government Expenditure on R&D Programs for Distribution and Transmission Networks”

Governments, around the world, are spending a significant amount on R&D activities for transmission and distribution networks due to the modernization of aging infrastructure across developed countries, including the United States and Europe. Moreover, the growing demand for smart electronic gadgets is also predicted to contribute to market revenue.

“Simple Design, Lightweight, and Long Life of Molded Case Circuit Breakers”

The molded case circuit breakers come with excellent structure, which makes them have a long life span and high breaking capacity. Good performance, breaking capacity, small size, lightweight, etc. are some additional advantages of MCCBs, which make them a preferred choice compared to other conventional types of electric equipment. They require less electric equipment in comparison with similar electric products and are more economical in nature.

Maintenance difficulty, fabrication difficulty, etc. are reduced with the use of molded case circuit breakers. MCCBs are made by die-casting and therefore have a small size, and high intensity, and ensure installation in a shorter period. Therefore, molded case circuit breakers are used significantly as a replacement for fuses.

Which Aspects are Predicted to Adversely Impact Demand for MCCBs?

“Easy Availability of Superior Alternatives to Molded Case Circuit Breaker”

In recent years, the easy availability of replacements for molded case circuit breakers in the global market is having an adverse impact on their demand. Miniature circuit breakers (MCBs) provide superior sensitivity and enhanced flexibility toward electric loads. Therefore, the demand for molded case circuit breakers is impacted to some extent.

“Possibility of Operational Failure of Molded Case Circuit Breakers”

Molded case circuit breakers can lead to false trips or other similar failures, including failure of components, insulation deterioration, and others in extremely difficult conditions. In certain applications, MCCBs face extreme vibrations, including generators, wind turbines, marinas, and others.

Circuit breakers are utilized in various temperature conditions, including extreme hot and cold conditions based on the region and application, where they are used. These extreme conditions can cause a saturation of dust and moisture, insulation failures, and other issues, and therefore lead to operational failures.

How are New Companies Faring in the MCCB Market?

“Product Development & Innovation – Commonly Adopted Approach by New Market Entrants”

Molded case circuit breakers communicate through their external accessory, which is predicted to boost their adoption in the coming years. It is MCCB, which ensures users from any abnormalities to pass current. Two different structures are involved in MCCB. The first one is a twin structure, which is small and convenient. The second one is more flexible in derivation.

Advancements in these structures by new entrants are estimated to open up opportunities for them during the assessment period from 2023 to 2033.

Which Regional Market is Projected to Have a Bright Future in This Space?

“Rapidly Increasing Construction of Renewable Power Plants in Asia Pacific”

Based on region, Asia Pacific held a significant share of the global market revenue and is anticipated to advance at a CAGR of 5.9% from 2023 to 2033.

Rising population along with the increased construction of renewable power plants is contributing to generating lucrative opportunities there. Increased investment in aging power generation facilities is also predicted to generate enormous growth opportunities for MCCBs.

India, Japan, China, Australia, and South Korea are prominent regional countries, which are generating revenue for industry players. A rising economy and rapidly growing population are predicted to boost growth opportunities in healthcare, power, building & construction, and other industries, which is estimated to propel the demand for protective devices, including MCCBs in Asia Pacific.

Country-wise Insights

What Makes the United States and Canada Prominent Markets for MCCBs?

“Growing Electricity Consumption in the Region”

Increasing electricity consumption in Canada and the United States is predicted to boost demand for molded case circuit breakers. The stringent requirements for the operational safety of people in different industries propel the demand for MCCBs. Conventional installations, including natural gas, petroleum, and coal are decreasing at a significant rate, which is expected to result in growing requirements for electricity from the installation of renewable energy sources.

An increasing trend for isolated families and single-use residents is predicted to lead to novel residential construction activities, which further propel the demand for MCCBs.

What is the Stance of Germany in the European Market?

“Increased Production of Automobiles Driving Demand for MCCBs”

Germany is one of the key contributors to the European market revenue share. Increased production of automobiles in Germany is projected to boost demand for a stable power supply in abnormal conditions. Therefore, demand for molded case circuit breakers is stimulating there.

Category-wise Insights

Why are Molded Cases of MCCBs Widely Used Around the World?

“Rising Use of Molded Cases to Protect Circuits from Faulty Conditions”

Miniature and molded cases are the key segments of the global industry, based on product type. The molded case segment held 65.1% of the global market revenue in the year 2022 and is projected to maintain its dominance in the coming decade as well.

Increasing demand for molded cases circuit breakers for the protection of circuits from faulty conditions, including overcurrent, short circuit conditions, and under voltage in different small and commercial industrial applications is predicted to boost market opportunities.

What Makes 75 to 250A Power-ranged MCCBs a Popular Choice Among End Users?

“Small Manufacturing Industries Prefer 75 to 250A MCCBs”

Based on power range, the market is bifurcated into 0 to 75A, 75 to 250A, 250 to 800A, and above 800A. Among these, the 75 to 250A segment held a 38.3% share of the global revenue in the year 2022. This dominance is predicted to be continued in the forecast period.

75 to 250A power ranged molded case circuit breakers are used widely in small manufacturing industries. Moreover, the presence of numerous industrial manufacturing facilities around the world to produce different chemical and electronic products is estimated to propel the demand for molded case circuit breakers in the coming 10 years.

Which End User is Projected to Generate High Revenue for MCCB Manufacturers?

“Growing Investments by Power Utilities Widening Horizon for MCCB Producers”

Power utilities, industrial, commercial, residential, and other end users are estimated to contribute to increased demand for molded case circuit breakers. Among these, the power utilities segment is predicted to account for a significant share of global revenue. This is owing to the progression of the expenditure by the private toward power generation utilities along with distribution facilities.

Increasing investment by the government and respective bodies in developing countries for rural electrification is also projected to boost demand for molded case circuit breakers in the coming 10 years.

Key Market Players

Prominent suppliers of molded case circuit breakers are investing to improve supply chain management systems and to maintain product standards and product quality. New development by industry players is also predicted to help them to expand their footprints globally. Regulatory frameworks are also imposed to reduce the adverse environmental impacts if there are any.

Key suppliers in the molded case circuit breaker market include Chint Group, Rockwell Automation Inc., Fuji Electric Co. Ltd., Eaton Corporation Plc., Siemens AG, Schneider Electric, Toshiba Corporation, JSL Electric Corporation, Powell Industries Inc., and General Electric.

MCCB Industry Research Segmentation

• By Product Type :

  • Miniature
  • Molded Cases

• By Power Range :

  • 0 to 75A
  • 75 to 250A
  • 250 to 800A
  • Above 800A

• By End Use :

  • Power Utilities
  • Industrial
  • Residential
  • Commercial
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa