Covid-19 Impact on Molded Case Circuit Breakers Market Size: Top Key Players, Target Audience and Forecast to 2024
For the purpose of this study, the global MCCB market has been divided into two segments, namely rated current and end-user.
(firmenpresse) - Global Molded Case Circuit Breakers (MCCB) Market Scenario
The global molded case circuit breakers (MCCB) market is projected to have a CAGR of 6.28% during the forecast period.
Molded Case Circuit Breaker (MCCB) is an electromagnetic device mainly used for the protection of different electrical devices and loads. This system is an essential component in an electrical circuit as it prevents electricity overloading, thus, avoiding damage to electrical wiring and devices and electrical fire outbreak. Increasing focus towards using more reliable electricity protection devices is the factor supporting the preference for MCCB over conventional fuse wires. However, inconsistencies such as vulnerability to heat and slow tripping are the factors that may hamper the growth of the market.
Competitive Landscape
As the existence of several well-established and small players, the global market for MCCB appears to be highly competitive. Well-known players incorporate acquisition, collaboration, partnership, expansion, and product launch to gain a competitive advantage in the market and to maintain their market position. These key players compete on pricing and services. Vendors, operating in the market, strive to deliver the best quality products and services based on advanced technologies and best practices. These key players make substantial investments on R&D to secure guaranteed resources for customers.
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Industry Segmentation
For the purpose of this study, the global MCCB market has been divided into two segments, namely rated current and end-user.
On the basis of end-user, the market has been segmented into transmission & distribution, manufacturing & process industry, residential & commercial, power generation, and others.
Asia Pacific region dominates the global molded case circuit breakers (MCCB) market
Geographically, the MCCB market has been divided into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region accounted for the largest market share in 2017 mainly due to high growth in the construction sector. Europe is another major region for the MCCB market. It is expected to expand at a sluggish pace during the forecast period. In Europe, increasing upgrading and renovation projects of existing infrastructure provides the positive effect on the growth of the market. The U.K, Germany, Spain, and France are the major markets in Europe.
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Unternehmensinformation / Kurzprofil:
Datum: 24.06.2020 - 14:42 Uhr
Sprache: Deutsch
News-ID 615215
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Kategorie:
Energy & Utilities
Typ of Press Release: Financial
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