Press release
Increasing Number Of Electrical Accidents Propelling The Growth Of Ground Fault Circuit Interrupter Market: A Key Factor Shaping the Future of the Ground Fault Circuit Interrupter Market in 2025
Ground Fault Circuit Interrupter
The increasing number of electrical accidents is anticipated to drive the growth of the ground fault circuit interrupter (GFCI) market. Electrical accidents, often caused by aging infrastructure and poor maintenance, can be mitigated by GFCIs, which prevent electrocution by cutting power when a fault is detected. In May 2024, the Federal Emergency Management Agency reported a rise in residential electrical fires, further driving the demand for GFCIs.
Get Your Ground Fault Circuit Interrupter Market Report Here:
https://www.thebusinessresearchcompany.com/report/ground-fault-circuit-interrupter-global-market-report
What is the future CAGR of the ground fault circuit interrupter market, and how will it impact industry expansion?
The ground fault circuit interrupter market has grown robustly in recent years. It is expected to rise from $2.39 billion in 2024 to $2.56 billion in 2025, at a CAGR of 7.3%. Factors driving this growth include the increasing demand for power tools and outdoor equipment, rising residential construction, government safety initiatives, growing demand from data centers, and alignment with sustainable development goals.
The ground fault circuit interrupter market is anticipated to grow to $3.35 billion by 2029, with a CAGR of 7.0%. Growth will be driven by stricter safety regulations, increased construction activity, a focus on energy-efficient buildings, and adoption of GFCIs in healthcare facilities. Key trends include innovation in GFCI technology, infrastructure development in emerging markets, and integration with home automation systems.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18380&type=smp
What are the most significant trends transforming the ground fault circuit interrupter market today?
Companies in the ground fault circuit interrupter market are focusing on creating advanced products, such as IP69 K-rated devices, to gain a competitive edge. An IP69K-rated GFCI provides protection against water and dust ingress, ideal for harsh industrial and outdoor environments. For example, in January 2023, Molex LLC launched the Super-Safeway GFCI, the first portable device with an IP69K rating, ensuring maximum protection against high-pressure water and dust. It features double insulation, strong sealing, and impact-resistant housing, making it perfect for demanding industrial applications.
Which key market segments comprise the ground fault circuit interrupter market and drive its revenue growth?
The ground fault circuit interrupter market covered in this report is segmented -
1) By Product Type: Receptacle, Portable, Cord Connected, Other Product Types
2) By Distribution Channels: Offline, Online
3) By Application: Underwater Pool Lighting, Kitchen Receptacles, Bathroom Receptacles, Outdoor Receptacles, Garage Receptacles, Utility Sinks, Wet Bar Sinks, Garden Equipment, Construction Locations
Subsegments
1) By Receptacle: Tamper-Resistant Receptacle GFCI, Weather-Resistant Receptacle GFCI
2) By Portable: Plug-In Portable GFCI, Inline Portable GFCI
3) By Cord Connected: Manual Reset Cord Connected GFCI, Automatic Reset Cord Connected GFCI
4) By Other Product Types: Circuit Breaker GFCI, Panel Mount GFCI
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18380
Which regions are key players in the growth of the ground fault circuit interrupter market?
North America was the largest region in the ground fault circuit interrupter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ground fault circuit interrupter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the ground fault circuit interrupter market?
Major companies operating in the ground fault circuit interrupter market are Siemens AG, Schneider Electric SE, ABB Ltd., Eaton Corporation plc, Emerson Electric Co., Legrand, Hubbell Incorporated, Sensata Technologies Inc., Littelfuse Inc., Leviton, Thermon Inc., Dutton-Lainson Company, Lex Products, I-Gard Corporation, Universal Security Instruments Inc., Tower Manufacturing, Tecmark Corporation, Braxton Harris Company Inc., ELEGRP, Molex Integrated, Yueqing Nandao Electromachinery Co. Ltd., Zhejiang Yatai Intelligent Electric Co. Ltd., William Tricker Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=18380&type=smp
What Is Covered In The Ground Fault Circuit Interrupter Global Market Report?
•Market Size Forecast: Examine the ground fault circuit interrupter market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ground fault circuit interrupter market for a structured understanding.
•Key Players Overview: Analyze major players in the ground fault circuit interrupter market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ground fault circuit interrupter market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ground fault circuit interrupter market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ground fault circuit interrupter market.
•Industry Challenges: Identify potential risks and obstacles affecting the ground fault circuit interrupter market.
•Competitive Landscape: Review strategic developments in the ground fault circuit interrupter market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Increasing Number Of Electrical Accidents Propelling The Growth Of Ground Fault Circuit Interrupter Market: A Key Factor Shaping the Future of the Ground Fault Circuit Interrupter Market in 2025 here
News-ID: 3927739 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for GFCI
GFCI Outlets: The Key to Preventing Electrical Hazards This Fall
Full Moon Lighting & Electrical Offers Professional GFCI Outlet Installations for Enhanced Safety
As the fall season begins and homes prepare for increased electrical usage during colder months, Full Moon Lighting & Electrical, a trusted provider of electrical services for residents and businesses in St. Simons, GA, is highlighting the importance of Ground Fault Circuit Interrupter (GFCI) outlets. These specialized outlets are essential for preventing electrical shocks and fires in areas…
GFCI Receptacles Market Size 2024 to 2031.
Market Overview and Report Coverage
GFCI (Ground Fault Circuit Interrupter) receptacles are electrical outlets designed to prevent electric shocks by quickly shutting off power when a ground fault is detected. Increasing awareness about electrical safety and mandatory installation requirements in residential and commercial buildings are driving the demand for GFCI receptacles.
The GFCI receptacles market is expected to grow at a CAGR of 5.00% during the forecasted period. The current…
Global Portable Ground Fault Circuit Interrupter (GFCI) Market Research Report 2 …
Global Leading Market Research Publisher QYResearch announces the release of its lastest report "Global Portable Ground Fault Circuit Interrupter (GFCI) Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application". Based on historical analysis (2018-2022) and forecast calculations (2023-2029), this report provides a comprehensive analysis of the global Portable Ground Fault Circuit Interrupter (GFCI) market, including market size, share, demand, industry development status, and forecasts…
GFCI Safety Receptacles market: Players tapping Emerging Markets | Leviton, Hubb …
"The global GFCI Safety Receptacles Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global GFCI Safety Receptacles Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Global GFCI Receptacles Market By Product Type (Fixed GFCI Receptacles, Mobile G …
Global GFCI Receptacles Market 2021-2026 issued by pro data intelligence Market provides a detailed analysis of the dynamic of the market with extensive focus on secondary research. The report sheds light on the current situation of the market size, share, demand, development patterns, and forecast in the coming years.
This report consist several changes as here we also cover impact of COVID-19 on Global market
The report Global GFCI Receptacles Market analyzes…
Ground Fault Circuit Interrupter Market and Tripping Nature of GFCI
A ground fault circuit interrupter is a type of electrical device which is installed for the purpose of getting protection against different types of electric shocks. GFCI’s can alsobe used to reduce electrocutions and helps to minimize the electrical burns and the shock injuries. A GFCI with an AFCI used to integrate ground fault protection in the receptacles where the electrical equipments is near the water body. Ground fault circuit…
