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Global Molded Case Circuit Breaker Market Share, Size, Research: By Rated Current: 0A - 75A, 75A - 250A, 250A - 800A, Above 800A; By End-User: Industrial, Residential and Commercial, Power Utilities, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2018-2028
Global Molded Case Circuit Breaker Market Outlook
The global molded case circuit breaker market is expected to grow at a CAGR of 4.30% between 2023 and 2028. Major market drivers are rapid industrialisation, rising inclination towards reliable electricity protection devices, and research and development activities of transmission and distribution networks.
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Key Trends in the Market
A molded case circuit breaker is a type of electrical device that is used to provide protection to electrical circuits from heavy currents which are capable of causing short circuits. They can be used in any environment including industrial, residential, or commercial. They are used to protect electrical circuits from ground faults, short circuits, and thermal overloads with the help of electromagnetic and thermomagnetic mechanisms to break the flow of current.
- There is a rising demand for the molded case circuit breaker from the commercial and residential sectors. This is in order to ensure safety and reliability for swift operation of the electrical circuits and is expected to boost the growth of the molded case circuit breaker market.
- Increasing investments by the major key players to bring improvements and advancements in molded case circuit breakers in order to fulfil the rising demands of the consumers is a major key trend fuelling the market.
- Increasing rate of energy consumption along with expanding power distribution network is subjected to cause electrical faults such as short circuit or thermal overload. This is likely to increase the demand for molded case circuit breakers.
Market Analysis
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Based on rated current, the molded case circuit breaker market can be divided into 0A - 75A, 75A - 250A, 250A - 800A, and above 800A. By end-user, the market is segmented into industrial, residential and commercial, and power utilities, among others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global molded case circuit breaker market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- ABB Ltd.
- Hitachi, Ltd.
- Eaton Corporation Plc
- Legrand
- WEG Equipamentos Elétricos S.A.
- Rockwell Automation Inc.
- Eaton Corporation PLC
- Siemens AG
- Others
Market Share by End-User
The industrial sector is expected to account for a larger share in the market because of increasing demand for stable energy, and its sizable share of distributed power consumption. Moreover, growing use of expensive and large electrical equipment in the industrial sector is also increasing the demand for molded case circuit breakers to protect the equipment.
Significant energy consumption and need for molded case circuit breaker can be observed in the manufacturing industries which produce iron and steel, non-ferrous metals, refining, basic chemicals, food, non-metallic minerals, and paper. Rising electricity demand from these sectors and need for stable electricity is helping the molded case circuit breaker market grow rapidly.
Market Share by Region
Rapid industrialisation and strict compliance requirements on electrical safety is expected to help the market for molded case circuit breakers in North America to grow rapidly. The growth is anticipated to further fuel by growing infrastructure of residential and commercial sectors. With increase in usage of electronic devices, there is greater awareness and need for adequate protection against short circuits.
The Asia Pacific market for molded case circuit breakers is also expected to witness significant growth in the coming years, due to the expansion of electricity and power grid networks, particularly in emerging economies. With increasing demands for power and growing frequency of voltage fluctuations, molded case circuit breakers provide protection by automatically turning off the circuit during abnormalities. This is likely to surge the growth of the molded case circuit breaker market in the Asia Pacific region in the forecast period.
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Competitive Landscape
ABB Ltd. is a technology company that deals with automation and electrification. It has its headquarter in Zurich, Switzerland and was founded in 1988.They provide products such as control room solutions, metallurgy products, low voltage products, and motors and generators. They also provide systems such as power electronics and control systems.
Hitachi Ltd. was established in 1910 and is headquartered in Tokyo, Japan. It manufactures and delivers construction machinery, smart life and eco-friendly systems, information and telecommunication systems, social infrastructure and industrial systems, automotive systems, power systems, and electronic system and equipment such as railway systems, IoT solutions, and amorphous core transformers, among other products.
Eaton Corporation Plc was founded in 1911 and is based in Dublin, Ireland. It is a power management company which provides a variety of products along with services including fuel efficient systems, components that guide commercial safely, and power chain management tools. Some of its products are clutches and brakes, ducting solutions, cylinders, actuators and motion control, conduit, and cable and wire management.
Other market players include Legrand, WEG Equipamentos Elétricos S.A., Rockwell Automation Inc., Eaton Corporation PLC, and Siemens AG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Rated Current |
|
| Breakup by End-User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Molded Case Circuit Breaker Market Analysis
8.1 Key Industry Highlights
8.2 Global Molded Case Circuit Breaker Historical Market (2018-2022)
8.3 Global Molded Case Circuit Breaker Market Forecast (2023-2028)
8.4 Global Molded Case Circuit Breaker Market by Rated Current
8.4.1 0A - 75A
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 75A - 250A
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 250A - 800A
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Above 800A
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Molded Case Circuit Breaker Market by End-User
8.5.1 Industrial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Residential and Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Power Utilities
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Molded Case Circuit Breaker Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Molded Case Circuit Breaker Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Molded Case Circuit Breaker Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Molded Case Circuit Breaker Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Molded Case Circuit Breaker Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Molded Case Circuit Breaker Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hitachi, Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Eaton Corporation Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Legrand
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 WEG Equipamentos Elétricos S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Rockwell Automation Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Eaton Corporation PLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Siemens AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Molded Case Circuit Breaker Market: Key Industry Highlights, 2018 and 2028
2. Global Molded Case Circuit Breaker Historical Market: Breakup by Rated Current (USD Million), 2018-2022
3. Global Molded Case Circuit Breaker Market Forecast: Breakup by Rated Current (USD Million), 2023-2028
4. Global Molded Case Circuit Breaker Historical Market: Breakup by End-User (USD Million), 2018-2022
5. Global Molded Case Circuit Breaker Market Forecast: Breakup by End-User (USD Million), 2023-2028
6. Global Molded Case Circuit Breaker Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Molded Case Circuit Breaker Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Molded Case Circuit Breaker Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Molded Case Circuit Breaker Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Molded Case Circuit Breaker Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Molded Case Circuit Breaker Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Molded Case Circuit Breaker Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Molded Case Circuit Breaker Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Molded Case Circuit Breaker Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Molded Case Circuit Breaker Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Molded Case Circuit Breaker Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Molded Case Circuit Breaker Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Molded Case Circuit Breaker Market Structure
Key Questions Answered in the Report
The global market for molded case circuit breakers is expected to grow at a CAGR of 4.30% between 2023 and 2028.
The major market drivers include rapid industrialisation, rising inclination towards reliable electricity protection devices, and increasing research and development activities of transmission and distribution networks.
The key trends of the market are rising demand from commercial and industrial sectors, increasing investments by key players, and increasing rate of energy consumption and expanding power distribution network.
Key market players include ABB Ltd., Hitachi Ltd., Eaton Corporation Plc, Legrand, WEG Equipamentos Elétricos S.A., Rockwell Automation Inc., Eaton Corporation PLC, and Siemens AG, among others.
A molded case circuit breaker is a type of electrical device that is used to provide protection to electrical circuits from heavy currents which are capable of causing short circuits.
They can be used in any environment including industrial, residential and commercial, and power utilities, among others.
The global molded case circuit breaker market is segmented based on rated current, end-user, and region.
They are used to protect electrical circuits from ground faults, short circuits, and thermal overloads with the help of electromagnetic and thermomagnetic mechanisms to break the flow of current.
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