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

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.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/75331

Prime D eterminants of G rowth

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:

Covid-19 Scenario

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.

Procure Complete Report (2 84 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/42d58Uu

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: -

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

AC MCB Market Key Segments:

Type

Voltage

End Use Industry

By Region

Buy this Research Report at Discounted Price @ https://bit.ly/3oBjRuL

Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario):

Vacuum Circuit Breaker Market Manufacturer, Report to 2031

Wireless Charging ICs Market Size, Share | Industry Trends

Printed Circuit Board Laminate Market Insight and Trends 2031

Planar Lightwave Circuit Splitter Market Size, Share | 2023 - 2031

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.

Contact:

David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected] Web: https://www.alliedmarketresearch.com/reports-store/semiconductor-and-electronics