Market Size of Molded Case Circuit Breaker Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Molded Case Circuit Breaker Market Analysis
The global molded case circuit breaker market is expected to grow at a CAGR of more than 2% over the period of 2020-2025. Molded case circuit breakers play a crucial role in electricity transmission and distribution, and protecting expensive equipment in industries and commercial sectors with the main role of molded case circuit breakers being to automatically shut-off power when a circuit is threatened of becoming overloaded. Factors such as an increase in power consumption, rise of industrial activities, along with a rising focus on distributed power generation, are expected to drive the market in the forecast period. Rise in the stability of electricity supply, thereby reducing the need for circuit breakers, is likely to restrain the growth of the molded case circuit breaker market in the coming years.
- The industrial sector has dominated the market in recent years and is expected to do the same during the forecast period, owing to factors like increasing electricity demand and a rise in power-intensive industrial activities.
- Globally, the focus has increased on investments in clean energy projects and the development of renewable energy. As a result, the extensive development of new renewable projects, rising electricity usage, and increasing focus on distributed power generation is likely to create an excellent opportunity for the molded case circuit breaker market in the future.
- Asia-Pacific has dominated the molded case circuit breaker market in recent years and is expected to fastest-growing market in the forecast period, with the majority of the demand coming from China, Japan, South Korea, and India.
Molded Case Circuit Breaker Industry Segmentation
The molded case circuit breaker market report includes:
| Rated Current | |
| 0A - 75A | |
| 75A - 250A | |
| 250A - 800A | |
| Above 800A |
| End-User | |
| Power Utilities | |
| Industrial | |
| Residential and Commercial | |
| Others |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Molded Case Circuit Breaker Market Size Summary
The molded case circuit breaker market is poised for growth, driven by increasing power consumption and industrial activities, alongside a rising emphasis on distributed power generation. These circuit breakers are essential for protecting equipment by automatically shutting off power during overloads, making them crucial in electricity transmission and distribution. Despite the potential for growth, the market may face challenges due to improved electricity supply stability, which could reduce the demand for circuit breakers. The industrial sector, a significant consumer of electricity, is expected to continue dominating the market, fueled by the demand for clean energy and the use of large electrical equipment. The sector's energy consumption, particularly in energy-intensive manufacturing industries, underscores its pivotal role in the market's expansion.
Regionally, Asia-Pacific has emerged as a dominant force in the molded case circuit breaker market, with China, Japan, South Korea, and India leading the demand. The region's rapid urbanization, industrialization, and population growth have heightened the need for reliable power supply, prompting investments in renewable energy and infrastructure. China and India, with their substantial shares in the global industrial sector, particularly in energy-intensive manufacturing, are key contributors to this demand. Both countries are also investing significantly in renewable energy projects, which are expected to bolster the distributed power generation market and, consequently, the molded case circuit breaker market. The market remains fragmented, with major players like ABB Ltd, Schneider Electric SE, Hitachi, Ltd., Fuji Electric Co Ltd, and Siemens AG actively participating in the competitive landscape.
Molded Case Circuit Breaker Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD billion, till 2025
-
1.3 Recent Trends and Developments
-
1.4 Market Dynamics
-
1.4.1 Drivers
-
1.4.2 Restraints
-
-
1.5 Supply Chain Analysis
-
1.6 Porter's Five Forces Analysis
-
1.6.1 Bargaining Power of Suppliers
-
1.6.2 Bargaining Power of Consumers
-
1.6.3 Threat of New Entrants
-
1.6.4 Threat of Substitutes Products and Services
-
1.6.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Rated Current
-
2.1.1 0A - 75A
-
2.1.2 75A - 250A
-
2.1.3 250A - 800A
-
2.1.4 Above 800A
-
-
2.2 End-User
-
2.2.1 Power Utilities
-
2.2.2 Industrial
-
2.2.3 Residential and Commercial
-
2.2.4 Others
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.2 Europe
-
2.3.3 Asia-Pacific
-
2.3.4 South America
-
2.3.5 Middle-East and Africa
-
-
Molded Case Circuit Breaker Market Size FAQs
What is the current Molded Case Circuit Breaker Market size?
The Molded Case Circuit Breaker Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Molded Case Circuit Breaker Market?
Schneider Electric SE , Hitachi, Ltd. , Fuji Electric Co Ltd, Siemens AG and Eaton Corporation PLC are the major companies operating in the Molded Case Circuit Breaker Market.
