What is Global GFCI Receptacles Market?
The Global GFCI Receptacles Market is a comprehensive study of the various aspects of the Ground Fault Circuit Interrupter (GFCI) receptacles industry. GFCI receptacles are safety devices designed to protect against electrical shocks by breaking the circuit when a difference in the currents of the "hot" and "neutral" wires is detected. These devices are commonly used in areas where water and electricity are in close proximity, such as bathrooms, kitchens, and outdoor areas. The global market for these devices is vast and varied, with numerous manufacturers and product types available. The market's value was estimated at US$ 647 million in 2022, and it is projected to grow to US$ 964.6 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2029.
10A, 15A, 16A, 20A, Others in the Global GFCI Receptacles Market:
The Global GFCI Receptacles Market is segmented based on the amperage of the devices, with categories including 10A, 15A, 16A, 20A, and others. The 10A category is the largest segment, accounting for over 35% of the market. These devices are typically used in residential settings, where the electrical load is relatively low. The 15A and 20A devices are commonly used in commercial settings, where the electrical load is higher. The 16A devices are less common, but they are used in specific applications where the electrical load falls between the capacities of the 15A and 20A devices. The "others" category includes devices with amperages not covered in the other categories.
Commercial, Residential in the Global GFCI Receptacles Market:
The Global GFCI Receptacles Market is also segmented based on the application, with categories including commercial and residential. In the commercial sector, GFCI receptacles are used in a variety of settings, including offices, retail stores, restaurants, and other businesses. These devices are essential for protecting employees and customers from electrical shocks. In the residential sector, GFCI receptacles are used in homes to protect residents from electrical shocks. They are commonly installed in bathrooms, kitchens, laundry rooms, and outdoor areas.
Global GFCI Receptacles Market Outlook:
The Global GFCI Receptacles Market is dominated by several key manufacturers, including Leviton, Hubbell, Eaton, Legrand, Tower Manufacturing, ELEGRP, Tollea, Barep, Shenzhen Keygma Electrical Manufacturing, CHINT, and Shenzhen Nandao Electromachinery. These manufacturers collectively account for about 70% of the market. The market is also geographically diverse, with North America being the largest market, accounting for about 70% of the total.
| Report Metric | Details |
| Report Name | GFCI Receptacles Market |
| Accounted market size in 2022 | US$ 647 in million |
| Forecasted market size in 2029 | US$ 964.6 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Leviton, Hubbell, Eaton, Legrand, Tower Manufacturing, ELEGRP, Tollea, Barep, Shenzhen Keygma Electrical Manufacturing, CHINT, Shenzhen Nandao Electromachinery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
