AC MCB stands for 'Alternating Current Miniature Circuit Breaker' and refers to a type of circuit breaker that is commonly used in electrical distribution systems. These devices are designed to protect electrical circuits and equipment from damage caused by overcurrents and short circuits. The AC MCB market is a sub-segment of the broader circuit breaker market, which Includes various types of circuit breakers used in different applications. The demand for AC MCBs is driven by the growing demand for electricity, Increasing investments in the construction industry, and the need for reliable and safe electrical distribution systems.
The AC MCB market analysis is anticipated to expand significantly during the forecast period owing to surge in demand for electricity and Increase in need for reliable power delivery, and growth in infrastructure activities across the globe. Additionally, during the forecast period, the AC MCB market is anticipated to benefit from Increase in investment on research & developments to meet future requirements of safety. On the other hand, growth in the AC MCB market is expected to be restrained by the frequent operational failures.
The AC MCB market is segmented on the basis of type, voltage, end use industry and region. On the basis of type, the market is divided into type B, type C, and type D. On the basis of voltage, the market is segregated into low, medium, and high. On the basis of end use industry, the market is bifurcated into residential, commercial, industrial, and utilities.
Region-wise, the AC MCB market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the AC MCB market.
The key players profiled in the report Include ABB, Altech Corporation, Eaton Corporation, Fuji Electric, General Eletric, Legrand, Mitsubishi Electric, Schneider Electric, Sentai, and Siemens. Market players have adopted various strategies such as product launch, product development, and acquisition to expand their foothold in the AC MCB Market.
The AC MCB market analysis is anticipated to expand significantly during the forecast period owing to surge in demand for electricity and Increase in need for reliable power delivery, and growth in infrastructure activities across the globe. Additionally, during the forecast period, the AC MCB market is anticipated to benefit from Increase in investment on research & developments to meet future requirements of safety. On the other hand, growth in the AC MCB market is expected to be restrained by the frequent operational failures.
The AC MCB market is segmented on the basis of type, voltage, end use industry and region. On the basis of type, the market is divided into type B, type C, and type D. On the basis of voltage, the market is segregated into low, medium, and high. On the basis of end use industry, the market is bifurcated into residential, commercial, industrial, and utilities.
Region-wise, the AC MCB market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the AC MCB market.
The key players profiled in the report Include ABB, Altech Corporation, Eaton Corporation, Fuji Electric, General Eletric, Legrand, Mitsubishi Electric, Schneider Electric, Sentai, and Siemens. Market players have adopted various strategies such as product launch, product development, and acquisition to expand their foothold in the AC MCB Market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ac mcb market analysis from 2022 to 2032 to identify the prevailing ac mcb market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ac mcb market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global ac mcb market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Type B
- Type C
- Type D
By Voltage
- Low
- Medium
- High
By End Use Industry
- Residential
- Commercial
- Industrial
- Utilities
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ABB Ltd.
- Altech Corporation
- Eaton Corporation
- Fuji Electric Co. Ltd.
- General Electric
- Legrand
- Mitsubishi Electric
- Schneider Electric
- Siemens
- Zhejiang Sentai Electrical Apparatus Factory
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AC MCB MARKET, BY TYPE
CHAPTER 5: AC MCB MARKET, BY VOLTAGE
CHAPTER 6: AC MCB MARKET, BY END USE INDUSTRY
CHAPTER 7: AC MCB MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'AC MCB Market,' The ac mcb market was valued at $2.2 billion in 2022, and is estimated to reach $3.8 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.The AC MCB market is likely to experience a significant growth rate of 5.5% from 2023-2032 owing to increasing demand for utilities and residential end use industry.
AC MCB stands for 'Alternating Current Miniature Circuit Breaker.' It is an electrical device designed to protect electrical circuits from overloads and short circuits in alternating current (AC) systems. The primary function of an AC MCB is to automatically interrupt the flow of current when it exceeds a certain predetermined threshold or when a short circuit occurs. This helps prevent damage to the electrical wiring, equipment, and appliances connected to the circuit, as well as reduce the risk of electrical hazards such as electrical fires. AC MCBs are compact in size and typically installed in distribution boards or consumer units. They consist of a switching mechanism that can trip (open) the circuit under abnormal current conditions, such as overload or short circuit. When the current exceeds the rated capacity of the MCB, the internal trip mechanism is activated, causing the contacts to separate and interrupt the flow of electricity. AC MCBs are available in different current ratings to accommodate various electrical loads and are commonly used in residential, commercial, and industrial applications. They offer a convenient and reliable means of circuit protection and are an essential part of electrical systems, ensuring safety and preventing damage to electrical installations.
Key factors driving the growth of the AC MCB market include increasing demand for electricity and others. Urbanization and infrastructure development projects drive the demand for AC MCBs. The construction of residential buildings, commercial complexes, data centers, manufacturing facilities, and public infrastructure requires reliable and efficient electrical distribution systems with adequate circuit protection. Electrical safety regulations and standards are becoming more stringent worldwide. Governments, regulatory bodies, and industry associations are emphasizing the need for improved electrical safety measures. AC MCBs play a critical role in preventing electrical accidents, fires, and damage to electrical equipment, driving their adoption. The integration of renewable energy sources such as solar and wind power into the electrical grid is on the rise. AC MCBs are needed to protect circuits in renewable energy installations, ensuring safe operation and preventing damage caused by irregularities in the energy generation and distribution systems. The industrial and manufacturing sectors are expanding globally. AC MCBs are essential components in electrical panels and distribution boards, protecting machinery, production lines, and other critical equipment from electrical faults and disruptions. The growth of these sectors contributes to the increased demand for AC MCBs.
The market also offers growth opportunities to the key players in the AC MCB market. Key players can invest in research and development (R&D) to drive technological advancements in AC MCBs. This includes incorporating smart features, improving trip characteristics, enhancing safety mechanisms, and exploring innovative materials. Advancements in digitalization, Internet of Things (IoT) connectivity, and remote monitoring capabilities can open up new avenues for growth. Key players can target emerging markets that are experiencing rapid urbanization and infrastructure development. These markets often have a growing demand for reliable and efficient electrical distribution systems, creating opportunities for AC MCB manufacturers to establish a strong presence and capture market share. The increasing adoption of renewable energy sources offers growth opportunities for AC MCB manufacturers. As more residential and commercial buildings integrate solar panels, wind turbines, and other renewable energy systems, there is a need for AC MCBs specifically designed to handle the unique electrical characteristics of these installations.
The AC MCB market is segmented on the basis of type, voltage, end use industry and region. On the basis of type, the market is divided into type B, type C, and type D. In 2022, the type D segment dominated the market, in terms of revenue, and type C segment will acquire highest CAGR from 2023 to 2032. On the basis of voltage, the market is segregated into low, medium, and high. The medium segment acquired the largest share in 2022 and low voltage is expected to grow at a significant CAGR from 2023 to 2032. On the basis of end use industry, the market is bifurcated into residential, commercial, industrial, and utilities. The utilities segment acquired the largest share in 2022 and residential segment is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the AC MCB market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remains significant participants in the AC MCB market.
Competitive analysis and profiles of the major global AC MCB market players that have been provided in the report ABB, Altech Corporation, Eaton Corporation, Fuji Electric, General Eletric, Legrand, Mitsubishi Electric, Schneider Electric, Sentai, and Siemens. For instance, in April 2023, ABB Unveiled ABB S300 a high-performance industrial Miniature Circuit Breaker (MCB). The ABB S300 P Industrial MCB updates the fundamental component in a modern electrical system, improving safety, performance, efficiency installation and information accessibility.
Key Market Insights
The global AC MCB market was valued at $2,238.89 million in 2022, and is projected to reach $3,823.56 million by 2032, registering a CAGR of 5.53% from 2023 to 2032.The medium segment was the highest revenue contributor to the market, with $844.9 million in 2022, and is estimated to reach $1,455.0 million by 2032, with a CAGR of 5.62%.
The utilities segment was the highest revenue contributor to the market, with $880.23 million in 2022, and is estimated to reach $1,487.31 million by 2032, with a CAGR of 5.42%.
Asia-Pacific was the highest revenue contributor, accounting for $757.42 million in 2022, and is estimated to reach $1,308.42 million by 2032, with a CAGR of 5.65%.
Companies Mentioned
- ABB Ltd.
- Altech Corporation
- Eaton Corporation
- Fuji Electric Co Ltd.
- General Electric
- Legrand
- Mitsubishi Electric
- Schneider Electric
- Siemens
- Zhejiang Sentai Electrical Apparatus Factory
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
