Middle East Molded Case Circuit Breakers Market To Reach $1.03 Billion By 2030

Middle East Molded Case Circuit Breakers Market Growth & Trends

The Middle East molded case circuit breakers market size is estimated to reach USD 1.03 billion by 2030, expanding at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for electricity and reliable power delivery coupled with inadequate electric power infrastructure is expected to fuel demand. Emergence of smart grids in power transmission and distribution systems is projected to drive the MCCB industry.

Large-scale demand for power infrastructure to provide efficient operation of transmission and distribution has increased dynamically over the past few years. Rising need to enhance the power infrastructure as aging transmission cannot support the bulk power currently required is expected to drive demand over the next seven years.

Rapid expansion of power distribution & transmission system and rapid growth of heavy industries such as petrochemicals, oil & gas, steel and other metals is expected to positively impact the market. Completion and introduction of mega construction projects including commercial centers and economic cities combined with replacement of aging and inefficient instruments is expected to spur demand across the region.

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Middle East Molded Case Circuit Breakers Market Report Highlights

• Thermal magnetic strip-based MCCBs accounted for the largest revenue share in 2023. They are the most common over-current protection devices. Their characteristic inverse time tripping under overload condition is suited for varied applications from residential to heavy industrial loads. Further, they are suited for several general-purpose applications as they are temperature-sensitive and automatically follow safe cable and equipment loadings, thus leading to higher demand across the region.

• Microprocessor segment is estimated to witness robust demand by 2023. It forms an integral part of electronic trip unit (ETU) and perform several protection functions such as the short, long-term delay trip function, ground fall, and instantaneous trip function.

• Saudi Arabia molded case circuit breakers market is anticipated to witness significant growth. Increasing government initiatives for increasing power generation capacity are expected to favor the regional market. For instance, ABB is at the forefront of technology in electrification and automation, leading to a more sustainable and resource-efficient future. The company's solutions connect engineering expertise to enhance the manufacturing, transportation, energy, and operations processes.

• Middle East MCCB market share is occupied by companies such as General Electric, Siemens, ABB, Hitachi, Eaton, Havells, and Mitsubishi. Manufacturers aim at developing innovative circuit protection solutions to meet the customers’ demand. Hitachi Ltd (Hitachi) is a global company that operates in various sectors, such as information technology, electronics, power systems, social infrastructure, industrial systems, and construction machinery.

Middle East Molded Case Circuit Breakers Market Segmentation

Grand View Research has segmented the Middle East molded case circuit breakers market based on rated current and end use:

Middle East Molded Case Circuit Breakers Rated Current Outlook (Revenue, USD Million, 2018 - 2030)

• 0A - 75A

• 75A - 250A

• 250A - 800A

• Above 800A

Middle East Molded Case Circuit Breakers End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Power Utilities

• Industrial

• Residential and Commercial

• Others

Middle East Molded Case Circuit Breakers Country Outlook (Revenue, USD Million, 2018 - 2030)

• South Africa

• Saudi Arabia

• UAE

List of Key Players in Middle East Molded Case Circuit Breakers Market

• ABB

• Hitachi, Ltd.

• General Electric Company

• Siemens

• Mitsubishi Electric Corporation

• Havells India Ltd.

• Schneider Electric

• Eaton Corporation

• Legrand

• Fuji Electric Co., Ltd.