Ground fault commonly occurs when the current carrying conductor comes in direct contact with ground causing leakage. Therefore, ground fault circuit interrupter (GFCI) safeguards consumers from getting a severe shock that unknowingly becomes a part of the electric path between ground surface and source.
GFCIs help in preventing major shock by quickly shutting down the power to the circuit. Rising adoption of GFCIs over conventional receptacle to protect electrocutions or short circuit is the primary factor pushing the demand for ground fault circuit interrupters. The growth of GFCIs is being witnessed across several commercial and residential applications.
Additionally, 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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Ground Fault Circuit Interrupter Market: Driver and Restraint
Rise in Electrical Crashing Spur GFCI Demand
Electric Safety Foundation International (ESFI) is completely committed towards encouraging the electrical safety of consumers in residential and commercial areas. Over the past few years, ESFI has been organizing and managing National Electrical Safety Month across various places such as workplaces, communities, and schools.
With the help of this campaign, the government is creating awareness and consciousness among people for many electrical safety measures. Globally, around 15% of electrocutions are caused every year due to crashing of electrical circuit.
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
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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.
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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