Global GFCI Receptacles Market by Type, Application and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.
The rise in adoption of GFCIs over conventional receptacle to protect electrocutions or short circuit is the primary factor the pushes the demand for ground fault circuit interrupters in the market. The growth of GFCIs is being witnessed across several commercial and residential applications. In addition, in order to protect the consumers from electric shocks, the government is taking several initiatives. These initiatives are encouraging consumers to install GFCIs as it helps in protecting against severe electrocution hazards particularly in residential sectors, including hot tubs, bathroom, garages, and pump room.
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Market Trends
- Growing Awareness Regarding Electrical Safety Promotes Market Growth
- The rise in safety awareness among consumers towards protection of electrical appliances from electrical fire hazard and to prevent against electrocution is one of the most important factor anticipated to boost the adoption rate of ground fault circuit interrupter at an extensive rate during the forecast period. ESFI (Electrical Safety Foundation International) is entirely dedicated towards encouraging electrical safety at commercial and residential areas. In the last few years, EFCI has been dedicatedly organizing a National Electrical Safety Month across different places including school, communities and workplace environments for generating consciousness among the people towards various electrical safety measures.
- Increase in Demands in North-America and Asia-Pacific is Key Driver
- The global ground fault circuit interrupter market is anticipated to be majorly driven by North America in terms of market share holding and is expected to maintain its dominating position in the coming years. On the other hand, demand for GFCI in Asia-Pacific is predicted to experience a rapid growth rate in the coming years and is expected to increase its market penetration during the forecast period. Increase in demand for effective and efficient electrical load management system from the rapidly growing industrial sector is the primary factor responsible for the growing demand for GFCIs in this region.
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Key players operating in the market:
Hubbell, Bryant Service, Eaton, Leviton, Myers Electric, Pass & Seymour, R&R Supply Company, Snapconnect, Emerson, The Reynolds Company, and Wenzhou Yongtai Electric
Questions Answered in GFCI Receptacles Market Report
- Who are the leading market players active in the GFCI receptacles market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Key Market Segments
By Type
- GFCI Outlet
- GFCI Circuit Breaker
- Portable GFCI
- Others
By Application
- Construction Sites
- Outdoor Events
- Residential
- Industrial
- Others
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