What is Global Portable Ground Fault Circuit Interrupter (GFCI) Market?
The Global Portable Ground Fault Circuit Interrupter (GFCI) Market is a comprehensive study of the current trends, growth opportunities, and market forecasts in the global portable GFCI industry. The GFCI is a fast-acting circuit breaker designed to shut off electric power in the event of a ground-fault within as little as 1/40 of a second. It works by comparing the amount of current going to and returning from equipment along the circuit conductors. The GFCI market is segmented into various types such as portable power outlets, cord sets, and safety switch plug adapters. The market is further divided based on applications in construction sites, industrial applications, commercial applications, residential applications, and others.
Portable Power Outlet, Cord Sets, Safety Switch Plug Adapter in the Global Portable Ground Fault Circuit Interrupter (GFCI) Market:
The Global Portable Ground Fault Circuit Interrupter (GFCI) Market is a significant segment in the electrical safety industry. The portable power outlets, cord sets, and safety switch plug adapters are the key products in this market. These products are designed to prevent electric shock by quickly cutting off the power when a ground fault is detected. Portable power outlets are the most common type of GFCI and are widely used in various applications. Cord sets are another type of GFCI that are used to connect electrical devices to the main power supply. Safety switch plug adapters are used to convert a non-GFCI outlet into a GFCI outlet. These products are essential for ensuring electrical safety in various settings such as homes, offices, and industrial sites.
Construction Sites, Industrial Application, Commercial Application, Residential Application, Others in the Global Portable Ground Fault Circuit Interrupter (GFCI) Market:
The Global Portable Ground Fault Circuit Interrupter (GFCI) Market has a wide range of applications. In construction sites, GFCIs are used to protect workers from electrical shocks when they use power tools and other electrical equipment. In industrial applications, GFCIs are used to prevent electrical accidents that can cause serious injuries or even death. In commercial applications, GFCIs are used to ensure the safety of customers and employees. In residential applications, GFCIs are used to protect family members from electrical shocks in the home. Other applications of GFCIs include outdoor events, recreational vehicles, and marine applications.
Global Portable Ground Fault Circuit Interrupter (GFCI) Market Outlook:
The Global Portable Ground Fault Circuit Interrupter (GFCI) Market is expected to grow at a steady pace in the coming years. According to a recent market outlook, the global GFCI market was valued at US$ 348.4 million in 2022 and is expected to reach US$ 482.4 million by 2029. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2029. The market is dominated by five major companies, namely MOLEX, Leviton Manufacturing Co, Tower Manufacturing, Hubbell, and ELEGRP. These companies accounted for about 51% of the total sales value shares in 2019. The most popular type of GFCI is the cord sets type, which accounted for about 42% of the market share in terms of value in 2019.
| Report Metric | Details |
| Report Name | Portable Ground Fault Circuit Interrupter (GFCI) Market |
| Accounted market size in 2022 | US$ 348.4 million |
| Forecasted market size in 2029 | US$ 482.4 million |
| CAGR | 4.7% |
| 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 | MOLEX, Leviton Manufacturing Co, Tower Manufacturing, Hubbell, ELEGRP, Eaton, Kaper, Emerson, Legrand, Schneider, NANDAO, Ericson, Elektron Berlin, Lex Products |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
