Tuesday, 02 January 2024 12:17 GMT

Portable Ground Fault Circuit Interrupter (GFCI) Market Is Projected To Grow At A CAGR Of 4.7% By 2030


(MENAFN- Ameliorate Digital Consultancy) Portable Ground Fault Circuit Interrupter (GFCI) Market Overview

Global Portable Ground Fault Circuit Interrupter (GFCI) Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Portable Ground Fault Circuit Interrupter (GFCI) market. This report provides a detailed overview of key factors in the Portable Ground Fault Circuit Interrupter (GFCI) Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Portable Ground Fault Circuit Interrupter (GFCI) in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.

The global Portable Ground Fault Circuit Interrupter (GFCI) Market is projected value of USD 326.6 Mn in 2022, growing at a CAGR of 4.7% by the end of the 2030.

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Most of the time, an electrical conductor touching the ground causes a leak, which is called a ground fault. A Portable Ground Fault Circuit Interrupter (GFCI) keeps someone from getting a severe electric shock if they step on the wire between the source and the ground. GFCIs help prevent deadly shocks by cutting power to the circuit right away if the amount of energy going into the circuit is different from the amount coming back, which is a sign of a leak. The main thing that is expected to drive demand for GFCIs in both homes and businesses is the growing use of GFCIs instead of regular receptacles to protect anyone who plugs an electrical device into an electrical system from short circuits and electrocution.

From 2022 to 2030, the growth of the GFCI market is likely to be driven by government programmes that encourage people to install GFCIs in places like bathrooms, hot tubs, pump rooms, and garages where there is a high risk of electrocution. By stopping the flow of electricity in a circuit, GFCIs help stop electrical fires and lessen the damage of other fires. GFCIs and AFCIs can often be put together to make the most modern way to protect circuits.

Some of the key players profiled in the study are
MOLEX, Leviton Manufacturing Co, Tower Manufacturing, Hubbell, ELEGRP, Eaton, Kaper, Emerson, Legrand, Schneider, NANDAO, Ericson, Elektron Berlin, Lex Products, and Others.

Industry News:

May 24, 2018 – Leviton said today that its GFCI and Dual Function AFCI/GFCI circuit breakers are the only ones on the market that meet the newly revised UL943 Standard for Ground-Fault Circuit-Interrupters. The UL943 standard was changed to improve auto-monitoring. Permanently connected Ground-Fault Circuit-Interrupters must now offer the same high level of life-safety protection as GFCI outlets. This means that GFCI circuit breakers are no longer exempt from End of Life (EOL) events.In February 2021, Legrand has announced GFCI outlets with USB charging connections. The GFCI outlets will include USB type A and type C charging and adapter fuel support charging and will shut off electric current in any event of a ground fault.

In September 2020, Leviton has acquired Brek-Tek LLC, which is a top fibre optic maker. With this purchase, Leviton will continue to be the only company that can make the whole system of cables and connections from start to finish.

Portable Ground Fault Circuit Interrupter (GFCI) Market Segmentation:

By Type:

  • Portable Power Outlet
  • Cord Sets
  • Safety Switch Plug Adapter

By Application:

  • Construction Sites
  • Industrial Application
  • Commercial Application
  • Residential Application
  • Others

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.

Regional Insights:

North America is expected to have a large share of the global portable GFCI market during the time frame of the forecast. The National Electrical Code (NEC) and the Occupational Safety and Health Administration (OSHA) have strict rules and safety standards that have made portable GFCIs more common in the area. This region's market is likely to grow because more people are working in construction and the industrial sector is growing.

In Europe, the portable GFCI market is expected to grow a lot over the next few years. The growth is due to the growing need for portable GFCIs in the construction and industrial sectors, as well as the strict safety rules that the European Union has put in place (EU). In this area, the market is also expected to grow because more money is being put into renewable energy sources and more charging stations for electric cars are being built.

In the Asia-Pacific region, the market for portable GFCI is expected to grow a lot over the next few years. The growth can be explained by the fact that countries like China, India, and Japan are spending more money on building up their infrastructure and doing more construction. Also, the International Electrotechnical Commission (IEC) and the Occupational Safety and Health Administration (OSHA) have strict rules that will probably help the market grow in this region.

In Latin America, the portable GFCI market is expected to grow slowly during the time frame of the forecast. The growth is due to more building, more people needing energy, and more money going into the renewable energy sector. But people don't know how important portable GFCIs are, and the region is slow to adopt safety rules. This could slow the growth of the market in this region.

The portable GFCI market is expected to grow slowly in the Middle East and Africa during the time frame of the forecast. The growth is because more money is going into the construction industry, more people want to use energy, and more attention is being paid to worker safety. But people don't know how important portable GFCIs are, and the region is slow to adopt safety rules. This could slow the growth of the market in this region.

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Table of Content of Portable Ground Fault Circuit Interrupter (GFCI) Market:

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Portable Ground Fault Circuit Interrupter (GFCI) market (2022-2030).

2: Exclusive Summary – the basic information of the Global Portable Ground Fault Circuit Interrupter (GFCI) Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Portable Ground Fault Circuit Interrupter (GFCI); Post COVID Analysis.

4: Presenting the Global Portable Ground Fault Circuit Interrupter (GFCI) Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country 2017-2022.

6: Evaluating the leading manufacturers of the Global Portable Ground Fault Circuit Interrupter (GFCI) Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2030).

... To be continued

Read Detailed Index of full Research Study at@

Key Questions Answered in the Portable Ground Fault Circuit Interrupter (GFCI) Market Report:

  • How much was the global Portable Ground Fault Circuit Interrupter (GFCI) market in 2022?
  • How much will the global Portable Ground Fault Circuit Interrupter (GFCI) market worth in 2030?
  • At what compound annual growth rate will the global Portable Ground Fault Circuit Interrupter (GFCI) market grow?
  • Which segment is estimated to lead the Construction Robot market during the forecast period?
  • What is the key market driver for the growth of the global Portable Ground Fault Circuit Interrupter (GFCI) market?

    A wealth of financial data & business strategy information is provided including:

    • Up-to-date company financials, sales & revenue figures.
    • Revenue and market forecasts.
    • Business model strategies for niche companies.
    • A comprehensive explanation of company products, financials & portfolios.

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