The Middle East molded case circuit breakers (MCCB) market size was valued at over USD 370 million in 2014. Rising demand for electricity owing to factors such as economic growth, technological advancements, and growing urbanization is expected to drive demand over the next seven years. Growing focus on increasing the functionality of power system apparatus to facilitate system asset management and improved electrical power quality is expected to fuel the Middle East MCCB industry.
The industry is highly competitive with huge demand within the application sectors. MCCBs are an integral part of any electrical system; hence, demand is directly proportional to the economic and infrastructure development in the region. Increasing concern for safety across electrical, telecommunication, and automotive equipment has significantly increased the need for advanced devices, which is projected to accentuate demand.
Increasing industrialization and demand from utilities along with planned construction and infrastructure projects, particularly in Saudi Arabia, Qatar, and Dubai is projected to positively impact regional growth. Growing demand for intensive R&D has led to the development of sophisticated high-end products that are delivered for ease-of-use and to provide control for meeting process requirements. This has significantly widened the scope for advanced MCCBs, which is expected to spur demand over the forecast period.
Middle Eastern countries are expanding their cross-border electricity trade and integrating the wind and other renewable increasing the load flow on aging networks. For instance, in March 2015, GE announced the signing of a contract with the government of Egypt to deliver 2,683 GW of electricity. Manufacturing of technologically-advanced aerospace equipment and automation vehicles are expected to help boost the sales of these products. Higher focus on efficient and reliable power transmission coupled with the installation of new energy infrastructure in emerging economies is expected to boost the molded case circuit breakers market.
Private agencies and government across the globe have mandated the incorporation of device protection components such as circuit breakers in electronic devices as they are susceptible to system failure and might lead to data loss. Thus, need to satisfy demand for electricity distribution is anticipated to trigger the industry demand. However, the high cost of raw materials can act as a restraint for the Middle East MCCB market growth.
Products analyzed in the study include thermal magnetic and a microprocessor. Thermal magnetic products accounted for over 60% of the overall revenue in 2014. Its primary function is to offer a means of manually opening a circuit and automatically open a circuit under short circuit or overload conditions. It is suited for several general-purpose applications as its temperature sensitive and automatically follows safe cable and equipment loadings.
The microprocessor market is estimated to grow at a CAGR of over 8% from 2015 to 2022. It performs several protection functions such as the short, long-term delay trip function, ground fall, and instantaneous trip function. It also offers various settings including long-time delay adjustable on current and short circuit adjustable on time and current basis.
Countries including Saudi Arabia, UAE, Kuwait, and Qatar are estimated to be the key contributors to industry share. Gulf Corporation Council (GCC) countries are spending heavily on their power sector for improving generation capacity. Saudi Arabia was estimated to contribute over 40% of the overall demand in 2014. Rapid economic growth in this region across several sectors including water, power, plastic, and petrochemicals is projected to fuel regional demand.
Companies operating in the market share include ABB, Hitachi, General Electric, Siemens, Mitsubishi Electric, and Havells. Various competitors prevailing in the industry are challenged to provide innovative solutions, which help consumers address changing technologies, business practices, and security needs.
The regional market is highly competitive, which has led to price erosion over the past few years. Manufacturers aim at developing innovative circuit protection solutions in order to meet the customers' demand. These manufacturers offer a broad range of circuit protection products for the electronics segment. Industry vendors are investing in R&D for inventing new technologies to improve efficiency. Strategic partnerships, mergers, and acquisitions are being adopted for business expansion.
Report Attribute |
Details |
Market size value in 2020 |
USD 576.2 million |
Revenue forecast in 2024 |
USD 652.4 million |
Growth Rate |
CAGR of 7.2% from 2016 to 2022 |
Base year for estimation |
2015 |
Historical data |
2013 - 2015 |
Forecast period |
2016 - 2022 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2016 to 2022 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, region |
Regional scope |
Saudi Arabia; Qatar; UAE |
Key companies profiled |
ABB; Hitachi; General Electric; Siemens; Mitsubishi Electric; Havells |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
b. The middle east molded case circuit breakers market size was estimated at USD 537.5 million in 2019 and is expected to reach USD 576.2 million in 2020.
b. The middle east molded case circuit breakers market is expected to grow at a compound annual growth rate of 7.2% from 2016 to 2022 to reach USD 652.4 million by 2022.
b. Thermal magnetic products dominated the middle east molded case circuit breakers market with a share of 61.9% in 2019. This is attributable to the safety cable and equipment loading properties of molded case circuit breakers that suit automatically opening a circuit under a short circuit.
b. Some key players operating in the middle east molded case circuit breakers market include ABB; Hitachi; General Electric; Siemens; Mitsubishi Electric; and Havells amongst others.
b. Key factors that are driving the market growth include the increasing industrialization and planned construction and infrastructure projects, particularly in Saudi Arabia, Qatar, and Dubai along with the need to improve electrical power quality.
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The exponential spread of COVID-19 worldwide has had an adverse impact on the semiconductor industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also hauled consumer demand for semiconductor devices. Our analysts predict a decline in semiconductor revenue by over 1% in 2020 as compared to that in 2019. The report will account for Covid19 as a key market contributor.
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