Molded Case Circuit Breaker Market Size

Molded Case Circuit Breaker Market Analysis

The global molded case circuit breaker market is expected to grow at a CAGR of more than 2% over the period of 2020-2025. Molded case circuit breakers play a crucial role in electricity transmission and distribution, and protecting expensive equipment in industries and commercial sectors with the main role of molded case circuit breakers being to automatically shut-off power when a circuit is threatened of becoming overloaded. Factors such as an increase in power consumption, rise of industrial activities, along with a rising focus on distributed power generation, are expected to drive the market in the forecast period. Rise in the stability of electricity supply, thereby reducing the need for circuit breakers, is likely to restrain the growth of the molded case circuit breaker market in the coming years.

• The industrial sector has dominated the market in recent years and is expected to do the same during the forecast period, owing to factors like increasing electricity demand and a rise in power-intensive industrial activities.
• Globally, the focus has increased on investments in clean energy projects and the development of renewable energy. As a result, the extensive development of new renewable projects, rising electricity usage, and increasing focus on distributed power generation is likely to create an excellent opportunity for the molded case circuit breaker market in the future.
• Asia-Pacific has dominated the molded case circuit breaker market in recent years and is expected to fastest-growing market in the forecast period, with the majority of the demand coming from China, Japan, South Korea, and India.