When the current-carrying conductor makes direct contact with the ground, a ground fault frequently results, producing leakage. Thus, the ground fault circuit interrupter (GFCI) protects users from suffering a serious shock if they unintentionally enter the electric channel between the ground surface and the source.
By swiftly cutting off the power to the circuit, GFCIs aid in preventing serious shock. The key element driving the need for ground fault circuit interrupters is the growing preference for GFCIs over traditional receptacles to prevent electrocutions or short circuits. GFCI usage is rising in both business and residential settings, according to recent studies.
Additionally, the government is implementing a number of steps to safeguard customers from electric shocks. The Ground Fault Circuit Interrupter (GFCI) Market refers to the production and sale of electrical safety devices that are designed to protect people from electrical shock, electrocution, or electrical fires by interrupting the electrical circuit when a ground fault is detected.
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GFCIs are commonly used in homes, commercial buildings, and industrial settings and are required by electrical codes in many areas. The GFCI market is expected to grow as a result of increasing consumer awareness of electrical safety, the adoption of more stringent electrical safety regulations, and the growth of the construction industry. The market for GFCIs includes different types of products, such as portable GFCIs, circuit breakers, and outlets, among others.
Ground Fault Circuit Interrupter Market: Competition Landscape
Examples of some of the market participants in the global ground fault circuit interrupter market identified across the value chain include
- Eaton Corporation Inc.
- Molex Incorporated
- Emerson Electric Co.
- Tower Manufacturing
- LEX Products
- Hubbell Incorporated
- Schneider Electric
- Siemens AG
- ABB
Ground Fault Circuit Interrupter Market: Regional Outlook
North America will continue to hold major share in the global ground fault circuit interrupter market over the forecast period. Rapid increase in the residential construction projects is influencing the demand for GFCI in the region. On the other hand, South Asia & Pacific will witness a brisk increase in the adoption of GFSIs.
This growth is attributed to the mounting demand for efficient and effective electrical load management system from the industrial sector. This is considered as the primary reason for the growth of the market in the region.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia and Pacific (India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Rest of South Asia and Pacific)
- Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)
Ground Fault Circuit Interrupter Market Segmentation
The Ground Fault Circuit Interrupter market can be segmented on the basis of type, application and region.
Type:
- GFCI outlet
- GFCI Circuit Breaker
- Portable GFCI
Application:
- Construction Sites
- Outdoor Events
- Residential
- Industrial
- Others
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