February 03, 2022 06:05 ET | Source: Vantage Market Research Vantage Market Research

WASHINGTON, Feb. 03, 2022 (GLOBE NEWSWIRE) -- The Global Molded Case Circuit Breakers Market size is expected to reach over USD 14.82 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.

Rising infrastructural and manufacturing activities in Southeast Asia, rising rural electrification, increasing energy conservation programs in urban areas, rising demand from utilities and industrialization, renewal in construction activities in the emerging nations like China and India led by numerous government initiatives will stimulate the growth for Molded Case Circuit Breakers Market, states Vantage Market Research, in a report, titled “Molded Case Circuit Breakers Market by Rated Current (0A-20A, 21A-75A, 76A-250A, 251A-800A), by Type (MCB, MCCB), by End-User (Transmission & Distribution, Infrastructure (Residential and Commercial), Power Generation, Manufacturing and Process Industries), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

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List of Prominent Players in the Molded Case Circuit Breakers Market:

Driver: Consistent Modification in Electricity Infrastructure

Factors like, consistent modification in infrastructure of electricity coupled with ever-rising production and consumption of electricity are driving the global Molded Case Circuit Breakers Market growth. These days, nations are investing in the growth of electricity infrastructure to provide more reliable, competitive, and efficient public service.  Global electricity demand is growing rapidly due to factors like, rising industrialization and population growth. Increasing bent toward using reliable electricity protection devices more is one of the key factors responsible for the rising Molded Case Circuit Breakers demand. Adoption of reliable, technologically advanced, and cost-effective electricity protection devices is rising rapidly. Consistent development across the electrical equipment sector, infrastructure and construction projects, and manufacturing of aerospace equipment which are technologically-advanced and automation vehicles are also some of the key factors facilitating the Molded Case Circuit Breakers Market growth.

Restraint: High Raw Material Cost and Varying Operating Properties

There are some challenges and restraints faced which can hamper the market growth for Molded Case Circuit Breakers. Varying operating properties of the breaker which depends on the ambient temperature is expected to act as a restraint for market growth. Furthermore, the Molded Case Circuit Breakers Market growth is limited due to the huge raw materials cost. Moreover, vulnerability to heat, slow tripping, and other discrepancies are proving to be a restraint for market players.

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Asia Pacific accounted for significant share in the market globally owing to the rising usage of these circuit breakers in the manufacturing and infrastructure industries. The development in this regional market is also due to the thriving construction and manufacturing industries, particularly, in Southeast Asia. Demand for Molded Case Circuit Breakers is the facilitating the capacity and demand of power generation in nations such as India and this is also serving as a driving factor.

Middle East is also expected to grow at a considerable CAGR owing to the increasing demand for electricity. This demand from MEA stems from factors like, industrialization, rapid urbanization, economic growth, and technological advancements. Infrastructure and construction projects in nations such as Qatar, Kuwait, Dubai, and Saudi Arabia provide opportunity for investors looking to invest in the region.

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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Molded Case Circuit Breakers Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

The report on Molded Case Circuit Breakers Market highlights:

Browse market data Tables and Figures spread through 155 Pages and in-depth TOC on "Molded Case Circuit Breakers Market by Rated Current (0A-20A, 21A-75A, 76A-250A, 251A-800A), by Type (MCB, MCCB), by End-User (Transmission & Distribution, Infrastructure (Residential and Commercial), Power Generation, Manufacturing and Process Industries), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/molded-case-circuit-breakers-market-350524

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This market titled “Molded Case Circuit Breakers Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

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