(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for MCB and MCCB Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for MCB and MCCB Market products.
The demand for efficient circuit breakers is growing rapidly owing to various advantages, including automatic switching during abnormal electrical conditions, tripping in electrical faults, and quick restoration of electrical supply by switching on the operation. MCBs (Miniature Circuit Breakers) and MCCBs (Molded Case Circuit Breakers) prevent the overheating of home appliances and reusable protection system as well as they avoid electrical accidents in households and offices.
The global MCB and MCCB market is projected to grow at 7.28% CAGR during the forecast period, 2018–2023. In 2017, the global MCB and MCCB market was led by Asia-Pacific with a 34.06% share, followed by Europe and North America with shares of 25.35% and 21.71%, respectively.
The MCB and MCCB market has been segmented based on type, rated current, End-Use, and region. On the basis of type, the market has been segmented into, MCB and MCCB. The MCCB is expected to grow at the faster rate during the forecast period.
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In 2017, the MCCB segment held a 60.35% share of the global MCB and MCCB market. On the basis of rated current, the market has been segmented into, up to 20A, 21-75 A, 76-250 A, 251- 800 A, and above 800 A. The 76-250 A is expected to grow at the fastest rate during the forecast period. In 2017, the 76-250 A segment held a 29.67% share of the global MCB and MCCB market . On the basis of end-use, the market has been segmented into, power generation, transmission & distribution, residential & commercial, manufacturing and process industries, transportation and others (agriculture and defense). In 2017, the residential & commercial segment held a 37.47% share of the global MCB and MCCB market.
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Increasing Investments in Power Sector in Asia-Pacific
4.2.2 Shift toward De-Centralized Power Distribution
4.2.3 Increasing Rural Electrification
4.3 Restraint
4.3.1 Vulnerability to Heat and Slow Tripping
4.4 Opportunities
4.4.1 Implementation of Advanced Technologies
4.4.2 Need for Modernizing the Aging Infrastructure
4.4.3 Global Rise in Power Capacity
4.5 Porter's Five Forces Model
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Suppliers
4.5.3 Bargaining Power of Buyers
4.5.4 Threat of Substitutes
4.5.5 Rivalry
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4.6 Supply Chain Analysis
4.6.1 Design and Development
4.6.2 Raw Material Supply
4.6.3 Manufacture and Assembly
4.6.4 Supply and Distribution
4.6.5 End-Use
5 Global MCB and MCCB Market, by Type
5.1 Overview
5.1.1 MCB
5.1.2 MCCB
6 Global MCB and MCCB Market, by Rated Current
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