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Middle East Molded Case Circuit Breakers (MCCB) Market Report 2022

Middle East Molded Case Circuit Breakers Market Analysis Report By Product And Segment Forecasts From 2015 To 2022

Report ID: MN17619843  |  Published: June 2020  |  No of Pages: 75
Format: Electronic (PDF)  |  Industry: Semiconductor  |  Publisher: Grand View Research

Industry Insights

The Middle East molded case circuit breakers (MCCB) market size was valued above USD 370 million in the year 2014. The surging demand for electricity due to factors including economic growth, growing urbanization, and technological advancements are predicted to accelerate the product demand in the next seven years. The rising importance of higher operation of power system apparatus for better electrical power quality and asset management is anticipated to drive the market growth.

The market is competitive with higher demand among application sectors. MCCBs are vital for electrical systems; therefore, their demand is in direct correlation to the infrastructural and economic development in the region. Rising awareness about safety across telecommunication, automotive, and electrical equipment has considerably increased the demand for superior devices, which is expected to fuel demand.

Rapid industrialization and the need for utilities coupled with defined infrastructure and construction projects, especially in Qatar, Dubai, and Saudi Arabia is likely to have a positive impact on regional growth. Rising demand for aggressive R&D has resulted in the deployment of advanced high-end products that are supplied for easy operation and to offer a track for meeting process necessities. This has considerably expanded the scope for sophisticated MCCBs, which is predicted to fuel demand in the near future.

Middle Eastern nations are broadening their cross-border electricity exchange and combining wind and different renewable growing the load flow on old networks. For example, GE, in March 2015, announced its contract with the Egyptian government to supply 2683 GW of electricity. Deployment of technologically superior automation vehicles and aerospace equipment is projected to drive the sales of MCCBs. Higher attention towards reliable and efficient power transmission along with the installation of the latest energy infrastructure in developing countries is likely to augment the molded case circuit breakers (MCCB) industry.

Government and private companies globally have approved the use of device protection materials like circuit breakers in electronic devices owing to their susceptibility to a system failure that can result in data loss. Therefore, the need to cater to the demand for electricity distribution is expected to drive the industry requirements. However, the increasing prices of raw materials might pose a challenge for market growth.

Product Insights

The thermal-magnetic product segment held a share of above 60% of the total revenue in 2014. Its main feature is to provide a source of manually and automatically opening a circuit during a short circuit or extreme conditions. It is useful for various general purposes due to temperature sensitivity and automatically following equipment and safe cable loadings.

The microprocessor segment is expected to register a CAGR of above 8% during the forecast period. It performs various protection functions like short, ground fall, instantaneous, and long-term delay trip functions. Furthermore, it offers several settings such as short circuit adjustable on a current and time basis and long-term delay adjustable on a current.

Regional Insights

Saudi Arabia, Qatar, Kuwait, and UAE are expected to be the major contributors to market share. Gulf Corporation Council (GCC) nations are aggressively investing in their power sector for better generation capacity. Saudi Arabia held a share of above 40% of the total demand in 2014. Increased economic growth in the country across various sectors like power, petrochemicals, water, and plastic is expected to accentuate regional demand.

Middle East Molded Case Circuit Breakers Market Share Insights

The major participants of the industry include Hitachi, ABB, General Electric, Mitsubishi Electric, Havells, and Siemens. Several competitors present in the market aim to offer innovative solutions that ensure that customers address technological advances, security needs, and business practices.

The industry is competitive which has resulted in price erosion in recent years. Companies focus on manufacturing advanced circuit protection solutions to fulfill consumer demand. They further provide a variety of circuit protection products for the market. Companies are spending in R&D for developing the latest technologies for better efficiency. Merger & acquisitions and strategic partnerships are the strategic initiatives adopted by businesses for expansion.

Report Scope

Attribute

Details

The base year for estimation

2014

Actual estimates/Historical data

2012 - 2013

Forecast period

2015 - 2022

Market representation

Revenue in USD Million & CAGR from 2015 to 2022

Regional scope

Middle East & Africa

Country Scope           

Saudi Arabia, Qatar, UAE

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2012 to 2022. For the purpose of this study, Million Insights has segmented the global Middle-East molded case circuit breakers market based on product, and regions:

• MCCB Product Outlook (Revenue, USD Million, 2012 - 2022)
    • Thermal Magnetic
    • Microprocessor

• Regional Outlook (Revenue, USD Million; 2012 - 2022)
    • Middle East & Africa
        • Saudi Arabia
        • Qatar
        • UAE

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