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Industrial Miniature Circuit Breaker Market in North America to Grow by USD 145.3 Million from 2024-2028, Driven by Industrial Demand and AI-Driven Market Trends – Technavio

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The industrial miniature circuit breaker market in north america size is estimated to grow by USD 145.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. high demand for MCBS from industries is driving market growth, with a trend towards growing new product developments related to MCBS. However, stringent regulatory compliance poses a challenge. Key market players include ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A.

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Industrial Miniature Circuit Breaker Market In North America Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 145.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

4.11

Regional analysis

North America

Performing market contribution

North America at 100%

Key countries

US and Canada

Key companies profiled

ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A

Market Driver

The industrial Mini-Circuit Breaker (MCB) market in North America is witnessing significant growth due to the emerging trend of new product developments. ABB, a leading technology corporation, recently introduced its new industrial MCB, the S300 P, which enhances security, functionality, installation efficiency, and information accessibility. Siemens also launched two new versions of its Sentron 3WA Power Circuit Breakers, compliant with UL 1066 and IEC 60947-2 standards, catering to the global market. Schneider Electric introduced the EvoPacT medium voltage circuit breaker to the Canadian market, offering benefits such as real-time monitoring, longer lifetime, innovative design, and built-in sustainability. These new product developments provide advanced features and enhanced performance, addressing the increasing demand for efficient, intelligent, and reliable circuit protection solutions. 

The Miniature Circuit Breaker (MCB) market is experiencing a prevalence in various industrial domains, including automotive, power, oil and gas, chemicals, and diverse industries. The standardization and high-quality manufacturing of miniature circuits ensure safety and efficiency in circuit protection. The expanding footprint of MCBs in industries is driven by the need for energy-efficient products and the regulatory environment. Major market players, such as Rockwell Automation, ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, and WEG, are leading the trend with technological advancements in thermalmagnetic MCBs, semiconductors, and smart monitoring systems. The market is segmented into electric equipment, data centers, power transmission, renewable energy applications, building, home automation, IoT, and smart grid operation. Geographical expansion is also a significant factor in the market’s growth, with major players increasing their presence in urbanizing areas. Vendor selection is crucial for businesses to ensure the best fit for their specific needs. Market research reports provide valuable insights into the latest trends and vendor offerings. 

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Market Challenges

Industrial Miniature Circuit Breakers (MCBs) are essential components in electrical power distribution systems, protecting against overloads and short circuits. The International Electrotechnical Commission (IEC) sets the standards for MCB manufacturing, with IEC 60898-1 and IEC 60947-2 being relevant for industrial applications. IEC 60947-2 governs circuit breakers for industrial power distribution up to 1000 volts AC and 1500 volts DC, with rated currents from 0.5 to 6300A. IEC 60898-1 sets the highest rated current at 125A and the lowest at a few amperes, with a maximum short-circuit capacity of 25kA. Compliance with these standards is mandatory for IEC certification. Non-compliance may result in product recalls, posing challenges for manufacturers and potentially hindering market growth during the forecast period.The Industrial Miniature Circuit Breaker (MCB) market is experiencing significant growth due to increasing demand for home automation, IoT, and smart monitoring systems in various applications. Geographical expansion, especially in urban areas, is also driving market growth. Major players like ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries are leading the market. Regulatory environment, e-commerce, and digitalization are shaping the market trends. Technological advancements such as fault tolerance, energy efficiency, and sustainability are key factors. Novel materials and smart technologies like IoT integration and predictive maintenance are also influencing the market. The LVSG sector is expected to witness growth in residential and commercial applications, including solar panel installations, commercial buildings, office buildings, retail spaces, hospitals, and more. Frost and Sullivan forecasts continued growth in the MCB market due to these trends and technological innovations.

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Segment Overview

This industrial miniature circuit breaker market in North America report extensively covers market segmentation by

Type 1.1 UL 4891.2 UL 1077Geography 2.1 North America

1.1 UL 489- The Industrial Miniature Circuit Breaker market is experiencing steady growth due to increasing demand for reliable power protection solutions in various industries. These circuit breakers offer efficient power management, enhanced safety features, and compact designs, making them a preferred choice for businesses seeking to minimize downtime and improve operational efficiency. Key players in this market include Siemens, Schneider Electric, and ABB, who continue to innovate and expand their product offerings to meet evolving customer needs.

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Research Analysis

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence in various industrial domains due to the increasing demand for standardized, high-quality, and miniature circuit protection solutions. These compact components offer enhanced safety and efficiency in power transmission, automotive, data centers, and other applications. The expanding footprint of MCBs in industrial sectors is driven by the need for energy-efficient products and the technical advancement of smart grids and power distribution systems. Market research reports indicate a growing trend towards the adoption of MCBs in various industries, providing opportunities for manufacturers to showcase their offerings. Vendor selection is crucial for businesses seeking reliable and efficient circuit protection solutions, making it essential to consider factors such as product quality, technical expertise, and customer support when choosing a supplier.

Market Research Overview

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence and expanding footprint in diverse industries due to the increasing demand for standardized, high-quality circuit protection solutions. Miniature circuits are gaining popularity in automotive applications for ensuring safety and efficiency. The market is segmented into various industries such as power, oil and gas, chemicals, and electric equipment. Technical advancements in thermalmagnetic miniature circuits, semiconductors, and energy-efficient products are driving growth. Major market drivers include the regulatory environment, urbanization, digitalization, and e-commerce. Novel materials and IoT integration are also contributing to the expansion of the LVSG sector. Prominent vendors include Rockwell Automation, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries. Applications include data centers, power transmission, renewable energy applications, building automation, home automation, smart monitoring systems, and smart grid operation. Geographical expansion and technological advancements are also key factors fueling growth. Market research reports provide valuable insights into vendor selection and predictive maintenance. Major market players such as ABB and Schneider Electric are also investing in fault tolerance and sustainability to cater to residential and commercial applications, solar panel installations, and commercial buildings, including office buildings, retail spaces, hospitals, and energy efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeUL 489UL 1077GeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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SOURCE Invisors

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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SOURCE Auction Direct USA

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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