Global Motor Protection Circuit Breakers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Motor Protection Circuit Breakers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Motor protection circuit breakers are a specialized type of electrical protection device that is designed specifically for electric motors. Electric motors have plenty of applications and are used to drive mechanical devices of all types, so it is very important to protect them adequately with MPCBs.

Market Overview:

The latest research study on the global Motor Protection Circuit Breakers market finds that the global Motor Protection Circuit Breakers market reached a value of USD 2025.57 million in 2022. It’s expected that the market will achieve USD 2788.17 million by 2028, exhibiting a CAGR of 5.47% during the forecast period.

Emerging and Growing Market of Motor Protection Circuit Breakers

North America, Europe, China, India, Southeast Asia, Middle East and Africa
In developing market, with their development of economy and technology, the growth of the motor protection circuit breakers market can be attributed to the rise in the production of motor relate products.
In developed market, except for the above, they have more companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for motor protection circuit breakers.

Opportunities

Improve performance
With the progress in science and technology, the development of motor protection circuit breakers industry, investment of companies, there will be more opportunities in motor protection circuit breakers, and more cost effective, high performance products such as thermal protection, magnetic protection and thermal-magnetic protection in the future.
Emerging countries
For example, China, India are developing their industries, with the progress of economy and technology, the market of motor protection circuit breakers has great market potential.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Eaton is one of the major players operating in the Motor Protection Circuit Breakers market, holding a share of 11.32% in 2022.

Eaton

Eaton Corporation develops products and systems for managing electrical, hydraulic, and mechanical power.

ABB Ltd

ABB Ltd manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide.

Segmentation Overview:

By type, Low voltage segment accounted for the largest share of market in 2021.

Medium voltage

Refer to less than 1000V type, the characteristics of low-voltage circuit breakers are given by international standards such as IEC 947. These circuit breakers are often installed in draw-out enclosures that allow removal and interchange without dismantling the switchgear.

Low voltage

Medium-voltage circuit breakers rated between 1 and 72 kV. Medium-voltage circuit breakers can be classified into: vacuum circuit breakers and air circuit breakers.

Application Overview:

By application, the Process industry segment occupied the biggest share from 2017 to 2022.

Process industry

Process industry uses formulations or recipes. Process industry is when you have a product that requires a set of processes to be finished, yet each process requires certain needs, therefore, it is better to separate each process from the other while planning and setting the manufacturing requirements thus the processes are better controlled and maintained if they are dealt separately.

Discrete industry

Discrete industry uses Bills of Materials (BOMs). A discrete manufacturer assembles along a routing, whereas a process manufacturer blends in a batch. Therefore, discrete manufacturers – including make-to-stock, make-to-order, and assemble to order production facilities require sophisticated planning, scheduling and tracking capabilities to improve operations and profitability. Discrete industry is all about assembling things, and making things that are exact. The products are typically manufactured in individually defined lots, the sequence of work centers through production varying for each one of these. Thus in discrete manufacturing, the product is made by sequential steps made in the same process or by the same craftsman. Discrete manufacturing based on the production orders and products change frequently from order to order.

Key Companies in the global Motor Protection Circuit Breakers market covered in Chapter 3:

Fuji Electric
Eaton
Rockwell Automation
General Electric (ABB)
R. STAHL
Schneider Electric
Larsen & Toubro
Siemens
TECO
Danfoss
OMRON
WEG
Mitsubishi

In Chapter 4 and Chapter 14.2, on the basis of types, the Motor Protection Circuit Breakers market from 2018 to 2029 is primarily split into:

Medium voltage
Low voltage

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Motor Protection Circuit Breakers market from 2018 to 2029 covers:

Process industry
Discrete industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)