Global LV Molded Case Circuit Breakers (MCCBs) Market by Type (Electromechanical Trip Unit, Electronic Trip Unit), By Application (Commercial, Industrial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global LV molded case circuit breakers (MCCBs) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for MCCBs in commercial and industrial applications, and the growing awareness about energy efficiency among consumers. The global LV molded case circuit breakers (MCCBs) market is segmented by type into electromechanical trip unit and electronic trip unit. The electromechanical trip unit segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation. However, the electronic trip unit segment is projected to grow at a higher CAGR due its advantages such as enhanced safety features and longer life span as compared with electromechanical units. The global LV molded case circuit breakers (MCCBs) market is also segmented by application into commercial, industrial, and residential applications. Commercial applications are expected to account for a major share of the market during the forecast period owing to rising demand from sectors such as retail, hospitality, healthcare, education institutions etc.



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Product Definition:

Molded case circuit breakers (MCCBs) are a type of low voltage circuit breaker. They are used to protect electrical equipment and wiring from damage caused by overloads or short circuits. MCCBs are important because they can help prevent fires and injuries, and they can also help keep your electrical equipment running safely.

Electromechanical Trip Unit:

Electromechanical trip unit (EMTU) is a safety device used to protect the circuit from damage due to fault currents. It consists of two parts, an isolator and a shunt reactor. The isolator prevents the flow of current through any other path than the intended one, whereas shunt reactor allows only limited current through its terminals.

Electronic Trip Unit:

An electronic trip unit is a safety device used to prevent electric circuits from overload or short circuit. It consists of diodes, transistors, and other components that are essential in MCCBs. Overloaded or short-circuited electrical equipment may result in the tripping of breakers (fuses) which results in shutting down of the affected equipment and safeguarding the integrity of electrical systems.

Application Insights:

The commercial application segment held the largest share of more than 60.0% in 2017. The growing IT industry, which is supported by a strong infrastructure and skilled workforce, has resulted in an increased number of installations across the globe. This trend is projected to continue over the next six years and will result in high demand for circuit breakers with MCCBs that can handle large currents safely.

The industrial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing use of molded case circuit breakers (MCCBs) at power generation plants, petrochemical facilities and oil & gas refineries among other industries that require heavy electrical equipment protection against overloading or tripping due to voltage fluctuations or line surges caused by lightning or short-circuit etc., leading to safety interruptions during operations with minimal damage caused thereby driving market growth over the forecast period.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. Increasing industrialization coupled with growing demand for energy-efficient products in these countries has led to a surge in demand for trip units across various industries. Moreover, rising infrastructural activities have created numerous opportunities for the utility sector that requires heavy machinery protection from accidental trips & shutdowns. This factor is anticipated to drive regional growth over the next eight years.

Europe accounted for more than 25% of global revenue share in 2017 owing to high product adoption across major end-use sectors including manufacturing facilities, commercial buildings/offices/stores etc., residential buildings (apartments), and transportation facilities (trains).

The North American market was valued at USD X million in 2017.

Growth Factors:

Increasing demand for energy efficient and reliable electrical equipment
Rapid industrialization and urbanization in developing countries
Growing investments in power infrastructure worldwide
Proliferation of smart grids and renewable energy sources
Stringent government regulations mandating the use of MCCBs


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Scope Of The Report
Report Attributes
Report Details
Report Title
LV Molded Case Circuit Breakers (MCCBs) Market Research Report
By Type
Electromechanical Trip Unit, Electronic Trip Unit
By Application
Commercial, Industrial, Residential
By Companies
Schneider Electric, ABB, Bticino Spa (Legrand Group), Hager, Siemens, Mitsubishi Electric, Eaton, Terasaki Electric, CHINT Electrics, Rockwell Automation, Fuji Electric, Hitachi, Shanghai Liangxin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.

Global LV Molded Case Circuit Breakers (MCCBs) Market Report Segments:
The global LV Molded Case Circuit Breakers (MCCBs) market is segmented on the basis of:
Types
Electromechanical Trip Unit, Electronic Trip Unit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Schneider Electric
ABB
Bticino Spa (Legrand Group)
Hager
Siemens
Mitsubishi Electric
Eaton
Terasaki Electric
CHINT Electrics
Rockwell Automation
Fuji Electric
Hitachi
Shanghai Liangxin



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Highlights of The LV Molded Case Circuit Breakers (MCCBs) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Electromechanical Trip Unit
Electronic Trip Unit
By Application:
Commercial
Industrial
Residential
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LV Molded Case Circuit Breakers (MCCBs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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