Market Overview:
The global Residential MCBs (Miniature Circuit Breakers) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for residential construction, especially in developing countries, and the growing awareness about safety and security among consumers. The global Residential MCBs (Miniature Circuit Breakers) market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 1 poles, 2 poles, 3 poles 4 poles segments. By application it is classified into indoor and outdoor applications segments. Geographically it has been segmented into North America,, Latin America,, Europe,, Asia Pacific ,and Middle East & Africa regions .
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Product Definition:
A miniature circuit breaker (MCB) is a type of electrical switchgear used to protect electrical circuits from overloads and short-circuits. MCBs are classified as either Class A or Class B devices, depending on the speed at which they respond to overcurrent conditions. MCBs are typically used in domestic and commercial premises where relatively low fault currents are expected.
1 Poles:
1 poles is a type of circuit breaker which has one set of terminals at a distance. It can be used in various applications such as distribution boards, switchgears and other electrical equipment. The 1 pole device works like any other circuit breakers; it trips when current exceeds the specified value and automatically opens to allow safe operation again. However, unlike most other circuit breakers, it does not have an associated load or trip function.
2 Poles:
The 2 poles and it's usage in residential MCBs (Miniature Circuit Breakers) market is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to several factors such as increasing demand for reliable electrical equipment, growing safety concerns across various industry verticals, and rising disposable income levels.
Application Insights:
The indoor application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand from residential applications, such as electrical installation, consumer electronics and appliances, security systems and entertainment systems. Circuit breakers are used to protect against electric shock by interrupting the current in case of any abnormal or overload situation occurring in a circuit.
Circuit breakers are widely used across power supply units within households owing to their compact size and low price which makes them highly economical than other types of protective devices such as fuses or MOVs (Metal-Oxide-Voltage). Miniature circuit breakers provide protection against voltage fluctuations & short circuits that may occur due to improper wiring or maintenance work being performed on the device's source equipment (such as mobile phones, computers etc.).
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the rising construction activities in emerging economies such as China and India. The mini circuit breakers are used for protection of electrical equipment from overload, short-circuit, overcurrent, and ground faults.
North America accounted for a major share in 2017 owing to high demand from residential sector especially in U.S., which has one of the highest number of houses having electricity connection per capita than any other countries in the world with an average household size at 3 persons living alone or more (3 bedrooms). This trend is projected to continue driving demand for residential MCBs during the forecast period.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for miniaturized and energy-efficient devices: The global market for MCBs is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing demand for miniaturized and energy-efficient devices, especially in developed countries.
- Growing awareness about safety and security: There is a growing awareness among consumers about the importance of safety and security, which is driving the demand for MCBs worldwide.
- Rising investments in electrical infrastructure: Governments around the world are making significant investments in electrical infrastructure, which is fueling the growth of the MCB market.
- Technological advancements: The development of new technologies such as microprocessor-based trip units has led to increased efficiency and reliability in MCBs, thereby boosting their popularity among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential MCBs (Miniature Circuit Breakers) Market Research Report
By Type
1 Poles, 2 Poles, 3 Poles, 4 Poles
By Application
Indoor, Outdoor
By Companies
Schneider Electric, ABB, Legrand, Siemens, Eaton, Rockwell Automation, Max Group, Hitachi, AGE Technologies, Mitsubishi Electric, Schneider Electric, Altech, SENTAI, Greegoo, ASI, GE, Klockner-Moeller, Lovato, MARS, WEG Electric, Meba Electric
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Residential MCBs (Miniature Circuit Breakers) Market Report Segments:
The global Residential MCBs (Miniature Circuit Breakers) market is segmented on the basis of:
Types
1 Poles, 2 Poles, 3 Poles, 4 Poles
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
Indoor, Outdoor
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
- Legrand
- Siemens
- Eaton
- Rockwell Automation
- Max Group
- Hitachi
- AGE Technologies
- Mitsubishi Electric
- Schneider Electric
- Altech
- SENTAI
- Greegoo
- ASI
- GE
- Klockner-Moeller
- Lovato
- MARS
- WEG Electric
- Meba Electric
 Market Overview.svg)
Highlights of The Residential MCBs (Miniature Circuit Breakers) 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:
- 1 Poles
- 2 Poles
- 3 Poles
- 4 Poles
- By Application:
- Indoor
- Outdoor
- 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 Residential MCBs (Miniature Circuit Breakers) 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.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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 Market Statistics.svg)
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
Frequently Asked Questions?
Residential MCBs are miniature circuit breakers that are used in residential applications such as home security systems, lighting, and appliances. They are smaller than standard circuit breakers and have a reduced number of terminals. This makes them easier to install and use in small spaces.
Some of the major companies in the residential mcbs (miniature circuit breakers) market are Schneider Electric, ABB, Legrand, Siemens, Eaton, Rockwell Automation, Max Group, Hitachi, AGE Technologies, Mitsubishi Electric, Schneider Electric, Altech, SENTAI, Greegoo, ASI, GE, Klockner-Moeller, Lovato, MARS, WEG Electric, Meba Electric.
The residential mcbs (miniature circuit breakers) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential MCBs (Miniature Circuit Breakers) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Residential MCBs (Miniature Circuit Breakers) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential MCBs (Miniature Circuit Breakers) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Residential MCBs (Miniature Circuit Breakers) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Residential MCBs (Miniature Circuit Breakers) Market Size & Forecast, 2018-2028
4.5.1 Residential MCBs (Miniature Circuit Breakers) Market Size and Y-o-Y Growth
4.5.2 Residential MCBs (Miniature Circuit Breakers) Market Absolute $ Opportunity
Chapter 5 Global Residential MCBs (Miniature Circuit Breakers) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
5.2.1 1 Poles
5.2.2 2 Poles
5.2.3 3 Poles
5.2.4 4 Poles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential MCBs (Miniature Circuit Breakers) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential MCBs (Miniature Circuit Breakers) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Residential MCBs (Miniature Circuit Breakers) Analysis and Forecast
9.1 Introduction
9.2 North America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
9.6.1 1 Poles
9.6.2 2 Poles
9.6.3 3 Poles
9.6.4 4 Poles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Residential MCBs (Miniature Circuit Breakers) Analysis and Forecast
10.1 Introduction
10.2 Europe Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
10.6.1 1 Poles
10.6.2 2 Poles
10.6.3 3 Poles
10.6.4 4 Poles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Residential MCBs (Miniature Circuit Breakers) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
11.6.1 1 Poles
11.6.2 2 Poles
11.6.3 3 Poles
11.6.4 4 Poles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Residential MCBs (Miniature Circuit Breakers) Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
12.6.1 1 Poles
12.6.2 2 Poles
12.6.3 3 Poles
12.6.4 4 Poles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Residential MCBs (Miniature Circuit Breakers) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Type
13.6.1 1 Poles
13.6.2 2 Poles
13.6.3 3 Poles
13.6.4 4 Poles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Residential MCBs (Miniature Circuit Breakers) Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residential MCBs (Miniature Circuit Breakers) Market: Competitive Dashboard
14.2 Global Residential MCBs (Miniature Circuit Breakers) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Legrand
14.3.4 Siemens
14.3.5 Eaton
14.3.6 Rockwell Automation
14.3.7 Max Group
14.3.8 Hitachi
14.3.9 AGE Technologies
14.3.10 Mitsubishi Electric
14.3.11 Schneider Electric
14.3.12 Altech
14.3.13 SENTAI
14.3.14 Greegoo
14.3.15 ASI
14.3.16 GE
14.3.17 Klockner-Moeller
14.3.18 Lovato
14.3.19 MARS
14.3.20 WEG Electric
14.3.21 Meba Electric
