Global AC MCB Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global AC MCB Market Growth

The growing demand for AC MCBs can be attributed to the rapid development of infrastructure projects worldwide. In 2022, China, Brazil, Vietnam, India, and Indonesia accounted for 75% of the total private investments in infrastructure, which reached USD 68.3 billion. The East Asia and Pacific recorded a 17% increase in PPI (private participation in infrastructure), while Latin America and the Caribbean region witnessed a growth of 16%. In 2022, South Asia recorded an impressive PPI of USD 13.9 billion, which was the highest in a decade, and accounted for over 15% of all global commitments. This is expected to rise the AC MCB market value over the forecast period.

Moreover, the increasing development of smart houses worldwide is creating a favourable market outlook. There are around 175 million smart houses worldwide, with the United States, China, and Japan being its largest markets. By the end of 2024, around 555 million voice assistant devices are expected to reach smart homes, since they have emerged as their most appealing gadgets. By 2027, the Internet of Things (IoT) industry is expected to generate a high revenue, thereby leading to AC MCB market expansion. Smart devices are expected to become commonplace across such households, which is expected to result in market development.

Key Trends and Developments

Global AC MCB Market Trends

Unlike electromechanical MCBs, new solid-state MCBs rely on electronic components such as integrated circuits and transistors for interrupting excessive current flow during power supply fluctuations. This ensures quicker response times, greater precision, and higher durability of AC MCBs. Moreover, as per the market analysis, the introduction of electronic trip units is expected to drive market growth, as they use microprocessors and sensors to establish control over electronic circuits to ensure their safety.

Global AC MCB Industry Segmentation

Global AC MCB Market Share

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 6.6% due to the increasing rate of infrastructure development and smart home construction. The demand for AC MCBs in India and China is expected to grow at a CAGR of around 7.6% and 6.4% respectively, which is expected to favourably impact the market development.

Leading Companies in the Global AC MCB Market

Major players are developing modern electrical circuit protection solutions for industrial applications, which is boosting their overall AC MCB market share.

Fuji Electric Co., Ltd.

Fuji Electric Co., Ltd. was founded in August 1923 and is headquartered in Tokyo, Japan. It is organised into 4 business segments, including energy, industry, semiconductors, and food and beverage distribution. It has 192 services manufacturing and sales bases across 20 countries.

Mitsubishi Electric Corporation

Mitsubishi Electric Corporation was founded in January 1921 and is headquartered in Tokyo, Japan. It is engage...

Zhejiang Sentai Electrical Apparatus Factory

Zhejiang Sentai Electrical Apparatus Factory was founded in 1992 and is headquartered in Zhejiang, China. It i...

Schneider Electric

Schneider Electric was founded in 1836 and is headquartered in Paris, France. It is a leading manufacturer of ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the AC MCB market report are ABB Ltd, Altech Corporation, Eaton Corporation plc, General Electric Company, Siemens AG, and Legrand SA, among others.