The North America AC MCB Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030).
In the event of an overload or short circuit, an alternating current miniature circuit breaker (AC MCB) automatically disconnects the power supply. To guard against overcurrent damage to electrical circuits and equipment, these are frequently employed in commercial, residential, and industrial applications. AC MCBs monitor the amount of current passing through a circuit to trip the circuit breaker when the alternating current rises above a predetermined threshold. As a result, it instantly pauses the current flow when a fault arises and opens the circuit to stop additional harm.
One- or three-phase alternating current electrical systems are commonly protected by AC MCBs. They comprise an electrical circuit's series-connected switch mechanism and a tripping mechanism that senses overcurrent conditions. In most cases, the tripping mechanism opens the circuit when the bimetallic strip in the switch mechanism heats up and bends as current passes through it. The maximum current AC MCBs can manage, and the time required to trip in reaction to short circuit or an overload are determined by their trip curves and range of current ratings, which are also available. In order to choose the best AC MCB for a certain application, the trip curve is used. It describes the association between the overcurrent's amplitude and the trip time.
For 2020, 281.57 Terawatt hours (TWh) of electricity were produced in Mexico. In the coming years, a higher percentage of energy coming from clean sources will be required in the nation. According to an article published by the IRENA (international renewable energy agency), Mexico has many potential resources and can draw substantial investments to increase its energy supply. Similarly, a national program in Canada that focuses on natural resources is the smart grid initiative. It discusses the key support system for creating the Pan-Canadian Framework's goals for clean growth and combating climate change. More than $100 million has been spent on utility-led projects to lower greenhouse gas emissions, better utilize current electrical resources, and promote innovation. Hence, the region presents lucrative growth prospects for the market.
The US market dominated the North America AC MCB Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $586.3 million by 2030. The Canada market is poised to grow at a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 6% during (2023 - 2030).
Based on Type, the market is segmented into Type D, Type C, and Type B. Based on End User, the market is segmented into Utilities, Industrial, Commercial, and Residential. Based on Voltage, the market is segmented into Medium, High, and Low. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide AC MCB Market is Projected to reach USD 3.2 Billion by 2030, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, ABB Group, Siemens AG, Schneider Electric SE, General Electric Company, Mitsubishi Electric Corporation, Legrand Group, Fuji Electric Co., Ltd., ALTECH Co., Ltd., and Zhejiang Sentai Electric Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Voltage
By End Use
- Utilities
- Industrial
- Commercial
- Residential
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Eaton Corporation PLC
- ABB Group
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Mitsubishi Electric Corporation
- Legrand Group
- Fuji Electric Co., Ltd.
- ALTECH Co., Ltd.
- Zhejiang Sentai Electric Co., Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AC MCB Market, by Type
1.4.2 North America AC MCB Market, by Voltage
1.4.3 North America AC MCB Market, by End Use
1.4.4 North America AC MCB Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in AC MCB Market
Chapter 4. North America AC MCB Market by Type
4.1 North America Type D Market by Country
4.2 North America Type C Market by Country
4.3 North America Type B Market by Country
Chapter 5. North America AC MCB Market by Voltage
5.1 North America Medium Market by Country
5.2 North America High Market by Country
5.3 North America Low Market by Country
Chapter 6. North America AC MCB Market by End Use
6.1 North America Utilities Market by Country
6.2 North America Industrial Market by Country
6.3 North America Commercial Market by Country
6.4 North America Residential Market by Country
Chapter 7. North America AC MCB Market by Country
7.1 US AC MCB Market
7.1.1 US AC MCB Market by Type
7.1.2 US AC MCB Market by Voltage
7.1.3 US AC MCB Market by End Use
7.2 Canada AC MCB Market
7.2.1 Canada AC MCB Market by Type
7.2.2 Canada AC MCB Market by Voltage
7.2.3 Canada AC MCB Market by End Use
7.3 Mexico AC MCB Market
7.3.1 Mexico AC MCB Market by Type
7.3.2 Mexico AC MCB Market by Voltage
7.3.3 Mexico AC MCB Market by End Use
7.4 Rest of North America AC MCB Market
7.4.1 Rest of North America AC MCB Market by Type
7.4.2 Rest of North America AC MCB Market by Voltage
7.4.3 Rest of North America AC MCB Market by End Use
Chapter 8. Company Profiles
8.1 Eaton Corporation PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 Swot Analysis
8.2 ABB Group
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Schneider Electric SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Mitsubishi Electric Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Legrand Group
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 Fuji Electric Co. Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.9 ALTECH Co., Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. Zhejiang Sentai Electric Co., Ltd
8.10.1 Company Overview
TABLE 1 North America AC MCB Market, 2019 - 2022, USD Million
TABLE 2 North America AC MCB Market, 2023 - 2030, USD Million
TABLE 3 North America AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 4 North America AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 5 North America Type D Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Type D Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Type C Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Type C Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Type B Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Type B Market by Country, 2023 - 2030, USD Million
TABLE 11 North America AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 12 North America AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 13 North America Medium Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Medium Market by Country, 2023 - 2030, USD Million
TABLE 15 North America High Market by Country, 2019 - 2022, USD Million
TABLE 16 North America High Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Low Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Low Market by Country, 2023 - 2030, USD Million
TABLE 19 North America AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 20 North America AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 21 North America Utilities Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Utilities Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 29 North America AC MCB Market by Country, 2019 - 2022, USD Million
TABLE 30 North America AC MCB Market by Country, 2023 - 2030, USD Million
TABLE 31 US AC MCB Market, 2019 - 2022, USD Million
TABLE 32 US AC MCB Market, 2023 - 2030, USD Million
TABLE 33 US AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 34 US AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 35 US AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 36 US AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 37 US AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 38 US AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 39 Canada AC MCB Market, 2019 - 2022, USD Million
TABLE 40 Canada AC MCB Market, 2023 - 2030, USD Million
TABLE 41 Canada AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 42 Canada AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 43 Canada AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 44 Canada AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 45 Canada AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 46 Canada AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 47 Mexico AC MCB Market, 2019 - 2022, USD Million
TABLE 48 Mexico AC MCB Market, 2023 - 2030, USD Million
TABLE 49 Mexico AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 50 Mexico AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 51 Mexico AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 52 Mexico AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 53 Mexico AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 54 Mexico AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 55 Rest of North America AC MCB Market, 2019 - 2022, USD Million
TABLE 56 Rest of North America AC MCB Market, 2023 - 2030, USD Million
TABLE 57 Rest of North America AC MCB Market by Type, 2019 - 2022, USD Million
TABLE 58 Rest of North America AC MCB Market by Type, 2023 - 2030, USD Million
TABLE 59 Rest of North America AC MCB Market by Voltage, 2019 - 2022, USD Million
TABLE 60 Rest of North America AC MCB Market by Voltage, 2023 - 2030, USD Million
TABLE 61 Rest of North America AC MCB Market by End Use, 2019 - 2022, USD Million
TABLE 62 Rest of North America AC MCB Market by End Use, 2023 - 2030, USD Million
TABLE 63 key information – Eaton Corporation PLC
TABLE 64 Key Information – ABB Group
TABLE 65 Key Information – Siemens AG
TABLE 66 Key information – Schneider Electric SE
TABLE 67 KEY INFORMATION – General Electric Company
TABLE 68 key information – Mitsubishi Electric Corporation
TABLE 69 key Information – Legrand Group
TABLE 70 Key Information – Fuji Electric Co., Ltd.
TABLE 71 Key Information – ALTECH Co., Ltd.
TABLE 72 Key Information – Zhejiang Sentai Electric CO., LTD
List of Figures
FIG 1 Methodology for the research
FIG 2 North America AC MCB Market share by Type, 2022
FIG 3 North America AC MCB Market share by Type, 2030
FIG 4 North America AC MCB Market by Type, 2019 - 2030, USD Million
FIG 5 North America AC MCB Market share by Voltage, 2022
FIG 6 North America AC MCB Market share by Voltage, 2030
FIG 7 North America AC MCB Market by Voltage, 2019 - 2030, USD Million
FIG 8 North America AC MCB Market share by End Use, 2022
FIG 9 North America AC MCB Market share by End Use, 2030
FIG 10 North America AC MCB Market by End Use, 2019 - 2030, USD Million
FIG 11 North America AC MCB Market share by Country, 2022
FIG 12 North America AC MCB Market share by Country, 2030
FIG 13 North America AC MCB Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Eaton Corporation
FIG 15 SWOT Analysis: Eaton Corporation PLC
FIG 16 SWOT Analysis: ABB Group
FIG 17 Swot analysis: Siemens AG
FIG 18 Swot analysis: Schneider Electric SE
FIG 19 Swot analysis: General electric (GE) Co.
FIG 20 SWOT Analysis: Mitsubishi Electric Corporation