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AC MCB Market to Reach $3.8 Billion, Globally, by 2032 at 5.5% CAGR: Allied Market Research

The AC MCB market is driven by factors such as the surge in demand for electricity, increase in need for reliable power delivery, and growth in infrastructure activities across the globe.

Portland, OR, May 26, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled,AC MCB Market, By Type (Type B, Type C, and Type D), Voltage (Low, Medium, and High), and End Use Industry (Residential, Commercial, Industrial, and Utilities): Global Opportunity Analysis and Industry Forecast, 2023–2032”. According to the report, the global AC MCB industry generated $2.2 billion in 2022, and is projected to reach $3.8 billion by 2032, registering a CAGR of 5.5% from 2023 to 2032. 

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Prime Determinants of Growth 

The AC MCB market analysis is anticipated to expand significantly during the forecast period, owing to the surge in demand for electricity and increase in need for reliable power delivery, and growth in infrastructure activities across the globe. Additionally, during the forecast period, the AC MCB market is expected to benefit from an increase in investment on research & developments to meet future requirements of safety. On the other hand, growth in the AC MCB market is expected to be restrained by the frequent operational failures. 

Report Coverage & Details: 

Report Coverage  Details 
Forecast Period  2022–2032 
Base Year   2022 
Market Size in 2021  $2.2 billion 
Market Size in 2031  $3.8 billion 
CAGR  5.5% 
No. of Pages in Report   284 
Segments covered  Type, Voltage, End Use Industry, and Region. 
Drivers   Surge in demand for electricity and increase in need for reliable power delivery.  Growth in infrastructure activities across the globe. 
Opportunities  Increase in investment on research & developments to meet future requirements of safety. 
Restraints  Frequent operational failures. 

Covid-19 Scenario 

  • The pandemic presented both challenges and opportunities for the AC MCB market. While the challenges have had a negative impact on the market, the opportunities have provided a way for AC MCB manufacturers to adapt and grow. 
  • The shift towards online sales has also created new opportunities for the AC MCB market. With more people shopping online, AC MCB manufacturers have been able to reach new customers and expand their sales channels. 

The type D segment to maintain its leadership status throughout the forecast period 

Based on type, the Type D segment held the highest market share in 2022, accounting for nearly half of the global AC MCB market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used in HVACs, and industries, where high current flow is required. However, the Type C segment is projected to manifest the highest CAGR of 6.05% from 2023 to 2032, driven by increase in construction of smart building in residential and commercial end user industry. 

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The medium segment to maintain its leadership status throughout the forecast period 

Based on voltage, the medium segment held the highest market share in 2022, accounting for nearly two-fifths of the global AC MCB market revenue, and is estimated to maintain its leadership status throughout the forecast period. In addition, the low voltage segment is projected to manifest the highest CAGR of 5.85% from 2023 to 2032. As more renewable energy sources such as solar and wind power are integrated into the electrical grid, there can be a greater need for reliable and efficient protection devices to ensure the safety and stability of the electrical system. 

The utilities segment to maintain its leadership status throughout the forecast period. 

Based on end-use industry, the utilities segment held the highest market share in 2022, accounting for nearly two-fifths of the global AC MCB market revenue, and is estimated to maintain its leadership status throughout the forecast period. In addition, the residential segment is projected to manifest the highest CAGR of 5.96% from 2023 to 2032, owing to increase in demand for smart and energy-efficient homes, and the need for better electrical safety measures. 

Asia-Pacific to maintain its dominance by 2032. 

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for around one-third of the global AC MCB market revenue. Europe is likely to dominate the market during the forecast period with CAGR of 6.36%, owing to the increase in infrastructure of utilities and adoption of smart grid technologies.   

Leading Market Players: - 

  • ABB Ltd. 
  • Altech Corporation 
  • Eaton Corporation 
  • Fuji Electric Co Ltd. 
  • General Electric 
  • Legrand 
  • Mitsubishi Electric. 
  • Schneider Electric 
  • Siemens 
  • Zhejiang Sentai Electrical Apparatus Factory 

The report provides a detailed analysis of these key players of the global AC MCB market. These players have adopted different strategies such as product development, acquisition, product upgrade and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Want to Access the Statistical Data and Graphs, Key Players Strategies: https://www.alliedmarketresearch.com/ac-mcb-market/purchase-options 

Key Benefits for Stakeholders 

  • This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets. 
  • The overall AC MCB market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. 
  • The current global AC MCB market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the AC MCB market. 
  • The report includes the market share of key vendors and global AC MCB market trends. 

AC MCB Market Key Segments: 

Type 

  • Type B 
  • Type C 
  • Type D 

Voltage 

  • Low 
  • Medium 
  • High 

End Use Industry 

  • Residential 
  • Commercial 
  • Industrial 
  • Utilities 

By Region 

  • North America (U.S., Canada, Mexico) 
  • Europe (UK, Germany, France, Rest of Europe) 
  • Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific) 
  • LAMEA (Latin America, Middle East, Africa) 

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About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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