PUBLISHER: Allied Market Research | PRODUCT CODE: 1344476
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344476
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.
The AC MCB market analysis is anticipated to expand significantly during the forecast period owing to 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 anticipated to benefit from 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.
The AC MCB market 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. On the basis of voltage, the market is segregated into low , medium, and high. On the basis of end use industry, the market is bifurcated into residential, commercial, industrial, and utilities.
Region-wise, the AC MCB market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, 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..
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 Market.