The Europe AC MCB Market should witness market growth of 4.8% CAGR during the forecast period (2023-2030).
AC MCBs are versatile devices that can be used in various applications. They are available in various current ratings, allowing them to be tailored to specific electrical loads. Whether residential, commercial, or industrial installations, AC MCBs can protect circuits of different sizes and capacities. A variety of electrical devices, like lighting circuits, power outlets, MCBs for air conditioner units, as well as additional electrical equipment, are protected by AC MCBs, which are frequently located in consumer units or distribution boards. In addition, it is frequently utilized in industrial structures, retail establishments, and office buildings.
Other characteristics frequently found on AC MCBs include an indicator that shows the breaker's state (i.e., whether it is on or off), a test key for manual testing, and a mechanism that locks the MCB in its off state for repairs or maintenance. Some AC MCBs are also built to offer additional security against electrical dangers, including arc failures and ground faults. To improve electrical safety, these are frequently employed in residential and commercial applications as arc fault circuit interrupters (AFCIs) as well as ground fault circuit interrupters (GFCIs), respectively.
The growth of this industry parallels that of the textile and ICT industries. The primary force behind its expansion is still the UK, which contributes roughly half of the worth added to the construction industry along with France and Germany. Construction in this region resumed after the COVID-19 outbreak. The European Green Deal also made clear that remodeling initiatives for both public and commercial buildings were rising simultaneously. As a result, there was an increase in activities to renovate historic buildings to increase their energy efficiency, helping this region ultimately reach its objectives. Since electrification has become an essential part of building operations, the growth of such activities will be advantageous for the regional market.
The Germany market dominated the Europe AC MCB Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.2 million by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023-2030). Additionally, The France market would showcase a CAGR of 5.6% during (2023-2030).
Based on Type, the market is segmented into Type D, Type C, and Type B. Based on End-user, the market is segmented into Utilities, Industrial, Commercial, and Residential. Based on Voltage, the market is segmented into Medium, High, and Low. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Group, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Legrand Group, Fuji Electric Co., Ltd., ALTECH Co., Ltd., and Zhejiang Sentai Electric Co., Ltd.
AC MCBs are versatile devices that can be used in various applications. They are available in various current ratings, allowing them to be tailored to specific electrical loads. Whether residential, commercial, or industrial installations, AC MCBs can protect circuits of different sizes and capacities. A variety of electrical devices, like lighting circuits, power outlets, MCBs for air conditioner units, as well as additional electrical equipment, are protected by AC MCBs, which are frequently located in consumer units or distribution boards. In addition, it is frequently utilized in industrial structures, retail establishments, and office buildings.
Other characteristics frequently found on AC MCBs include an indicator that shows the breaker's state (i.e., whether it is on or off), a test key for manual testing, and a mechanism that locks the MCB in its off state for repairs or maintenance. Some AC MCBs are also built to offer additional security against electrical dangers, including arc failures and ground faults. To improve electrical safety, these are frequently employed in residential and commercial applications as arc fault circuit interrupters (AFCIs) as well as ground fault circuit interrupters (GFCIs), respectively.
The growth of this industry parallels that of the textile and ICT industries. The primary force behind its expansion is still the UK, which contributes roughly half of the worth added to the construction industry along with France and Germany. Construction in this region resumed after the COVID-19 outbreak. The European Green Deal also made clear that remodeling initiatives for both public and commercial buildings were rising simultaneously. As a result, there was an increase in activities to renovate historic buildings to increase their energy efficiency, helping this region ultimately reach its objectives. Since electrification has become an essential part of building operations, the growth of such activities will be advantageous for the regional market.
The Germany market dominated the Europe AC MCB Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.2 million by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023-2030). Additionally, The France market would showcase a CAGR of 5.6% during (2023-2030).
Based on Type, the market is segmented into Type D, Type C, and Type B. Based on End-user, the market is segmented into Utilities, Industrial, Commercial, and Residential. Based on Voltage, the market is segmented into Medium, High, and Low. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Group, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Legrand Group, Fuji Electric Co., Ltd., ALTECH Co., Ltd., and Zhejiang Sentai Electric Co., Ltd.
Scope of the Study
By Type
- Type D
- Type C
- Type B
By Voltage
- Medium
- High
- Low
By End-use
- Utilities
- Industrial
- Commercial
- Residential
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Eaton Corporation PLC
- ABB Group
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Legrand Group
- Fuji Electric Co., Ltd.
- ALTECH Co., Ltd.
- Zhejiang Sentai Electric Co., Ltd
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Europe AC MCB Market by Type
Chapter 5. Europe AC MCB Market by Voltage
Chapter 6. Europe AC MCB Market by End Use
Chapter 7. Europe AC MCB Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Eaton Corporation PLC
- ABB Group
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Legrand Group
- Fuji Electric Co., Ltd.
- ALTECH Co., Ltd.
- Zhejiang Sentai Electric Co., Ltd
Methodology
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