AC MCB Market Expected to Reach $3.8 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “AC MCB Market," The ac mcb market was valued at $2.2 billion in 2022, and is estimated to reach $3.8 billion by 2032, growing at a CAGR of 5.5% from 2023 to 2032.

An AC MCB (Miniature Circuit Breaker) is a type of circuit breaker that is designed to provide protection to an electrical circuit under an AC (alternating current) sinusoidal waveform. It is commonly used in residential and commercial applications to protect electrical equipment and wiring from damage caused by overcurrent, short circuit, or ground fault conditions. The AC MCB is typically rated for a specific amperage and voltage, and it is designed to automatically trip and interrupt the flow of current in the circuit when the current exceeds its rated capacity. This helps to prevent electrical fires, equipment damage, and other safety hazards that can result from overloaded or faulty circuits.

An AC MCB consists of a switch mechanism and a trip mechanism. The switch mechanism is used to turn the circuit on and off, while the trip mechanism is used to automatically disconnect the circuit in the event of an overcurrent, short circuit, or ground fault. The trip mechanism may be thermal, magnetic, or a combination of both. Thermal trip mechanisms use a bimetallic strip that bends when it is heated by the current flowing through the circuit. As the temperature increases, the strip bends more and eventually causes the trip mechanism to disconnect the circuit. Magnetic trip mechanisms use a solenoid that is activated when the current flowing through the circuit exceeds a predetermined level. The magnetic field generated by the solenoid trips the mechanism and disconnects the circuit. AC MCBs are available in a variety of sizes and ratings to accommodate different types of circuits and loads. They are typically rated for voltages up to 240V and currents ranging from 1A to 63A.

AC MCBs play a vital role in residential electrical systems, protecting circuits and appliances from overload or short circuits. They are commonly used in distribution boards to safeguard lighting circuits, power outlets, kitchen appliances, mcb for air conditioner, heating and cooling systems, and other electrical loads in homes and apartments.AC MCBs are extensively used in commercial establishments such as offices, retail stores, restaurants, hotels, and hospitals. They protect circuits supplying power to lighting systems, HVAC (heating, ventilation, and air conditioning) units, IT infrastructure, electrical equipment, and various other loads within the building.Furthermore, as the adoption of renewable energy sources increases, ac dc mcb are used in solar power systems, wind turbines, and other forms of distributed energy generation. They protect the electrical circuits within these systems from excessive currents, overloads, or faults, ensuring the safe and reliable operation of renewable energy installations for ac mcb market growth.

The AC MCB market analysis is segmented on the basis of type, voltage, end use industry and region. On the basis of type, the market is divided into type B, type C, and type D. In 2022, the type D segment dominated the market, in terms of revenue, and type C segment will acquire highest CAGR from 2023 to 2032. On the basis of voltage, the market is segregated into low , medium, and high. The medium segment acquired the largest share in 2022 and low voltage is expected to grow at a significant CAGR from 2023 to 2032. On the basis of end use industry, the market is bifurcated into residential, commercial, industrial, and utilities. The utilities segment acquired the largest share in 2022 and residential segment is expected to grow at a significant CAGR from 2023 to 2032.

Region-wise, the AC MCB market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the AC MCB market.

KEY FINDINGS OF THE STUDY

• AC MCBs are highly reliable and durable, and they can withstand millions of fluctuations without failing. This makes them an ideal choice for applications where reliability is critical.
• Asia-Pacific is expected to be the fastest-growing market for AC MCB market size, driven by the increasing demand for renewable energy projects secially solar projects in countries such as China, India, and Japan.
• The AC MCB market share is highly competitive, with several major players operating globally. To remain competitive, companies are focusing on product innovation, strategic partnerships, and expanding their distribution networks.

The key players profiled in the report include ABB, Altech Corporation, Eaton Corporation, Fuji Electric, General Eletric, Legrand, Mitsubishi Electric, Schneider Electric, Sentai, and Siemens. Market players have adopted various strategies such as product launch, product development, and acquisition to expand their foothold in the AC MCB industry.