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3. The Molded Case Circuit Breakers Market is Dominated by a Few Global Players Schneider Electric (France), General Electric (U.S.), Eaton Corporation Plc. (Ireland), and Rockwell Automation, Inc. (U.S.).

The global molded case circuit breakers market is projected to grow at a CAGR of 6.82% from 2016 to 2021. Asia-Pacific is estimated to be the largest market for MCB and MCCBs, followed by North America in 2016. This trend is expected to continue till 2021. The growth of the molded case circuit breakers market is driven by increasing rural electrification, growing urban energy conservation programs, increasing industrialization and demand from utilities, and residential and commercial infrastructure sector. In addition, several government initiatives focusing on building smart cities, data centers, and cyber cites is expected to boost the market for MCB and MCCB devices.

The molded case circuit breakers market is dominated by a few global players. Key players operating in this market include Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), Eaton Corporation Plc. (Ireland), and Rockwell Automation, Inc. (U.S.).

Major strategies adopted by the players include contracts & agreements, new product launch, expansion, and mergers & acquisitions. New product launch was the most commonly adopted strategy from 2012 to 2016. Industry players also adopted contracts & agreements, which was the second most widely followed strategy, during the same period.

Siemens AG is a manufacturing and engineering company. It offers products and services in the field of electrification, automation, and digitalization. The energy management segment offers various products/services, solutions, and systems for T&D power network and for developing intelligent grid infrastructure. The end-user customers of this segment include power providers, network operators, industrial companies, infrastructure developers, and construction companies. Molded case circuit breaker and miniature circuit breaker are also provided under this segment. In October 2016, the company developed two new models of molded case circuit breaker (MCCB), the 3VA5 and 3VA6. These products also meet the UL489 standard for North America and can be used worldwide. These products can also be used by global switchgear manufacturers in Europe as well as in North America. These can be used for plant protection as well. 

Schneider Electric is a global player offering products and services in the field of energy management and automation. The company operates through four business segments, namely, buildings and partner, industry, infrastructure, and IT. The company offers extensive product portfolio under its buildings & partner segment which include protection functions (such as circuit breakers), power monitoring and control, power meters, electrical enclosures, busways, cable management systems, power factor correction, products for living spaces (such as wiring devices, network connectivity, home automation, and building controls), renewable energy conversion and connection equipment, and electric vehicle charging infrastructures. The company has its operation in over 100 countries. In November 2014, the company launched the easy9 switchgear. It is the company’s new range of switchboards for homes and small-sized buildings. The product also includes the range of products such as miniature circuit breakers (MCB), residual current circuit breakers (RCCB), surge protection devices, comb busbars, and switchboard enclosures.  

Related Reports:

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

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