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Molded Case Circuit Breakers Market Worth 9.62 Billion USD By 2021

Oct 09, 2017

The molded case circuit breakers market has been segmented based on rated current ranging from 0A–20A, 21A–75A, 76A–250A, 251A–800A, and above 800A. The segment ranging from 75A–250A accounted for the largest market share in 2015. These MCB and MCCB are being increasingly adopted due to their wide application in various industries for motor protection, lighting duties, etc.

The report "Molded Case Circuit Breakers Market by Type (Molded Case and Miniature), Rated Current (0-20a, 21-75a, 76-250a, 251-800a, Above 800a), End-use (T&D, Manufacturing & Process, Infrastructure, Power Generation, Transportation) - Global Forecasts to 2021", The molded case circuit breakers market is expected to grow from an estimated USD 6.92 Billion in 2016 to USD 9.62 Billion by 2021, ata CAGR of 6.82%.

The global market is set to witness significant growth, due to the increasing rural electrification, growing urban energy conservation programs, increasing industrialization and demand from utilities, and revival in construction activities led by several government initiatives.