Press release
Arc Fault Circuit Interrupter Market Evolving Technology 2025
According to the U.S CPSC (Consumer Product Safety Commission) approximately 50.0% of the electrical fire occurred in residential sector can be prevented every year through installation of AFCIs.
Large number of fire accidents occurring across various parts of the world owing to electrical equipment’s malfunctioning is the primary factor responsible for adoption of various stringent policy by National Electrical Code (NEC) towards installation of AFCIs in residential and commercial premises. This in turn is anticipated to drive the market growth of AFCIs during the forecast period from 2017 to 2025.
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In order to provide an in-depth and comprehensive analysis of the market, the global arc fault circuit interrupter (AFCI) market has been segment on the basis of product type and end user. Based on product type, there are two types of AFCI available in the market i.e. branch/feeder AFCI and combination AFCI (CAFCI).
Apart from providing protection against overcurrent, branch/feeder AFCI are intended to protect feeder and branch wiring from various damaging effects of the high energy parallel arcs and line-to-ground arcs.
CAFCI circuit breakers provides overcurrent protection and are intended to provide protection against downstream wiring from three major categories of faulty arcs including line-to ground arcs, series arcs greater than or equal to 5 A and high energy parallel arcs. In addition, data related to various application of AFCI across different end user segments including residential sector and commercial sector is also provided in this report.
Moreover, cross sectional analysis of all the above mentioned product type and end user segment across different regions including North America, Asia Pacific, Europe, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.
Rising the safety awareness among the customers to protect their premises and electrically operated appliances from electrical fire hazard is the most important factor anticipated to boost the demand of arc fault circuit interrupter market during the forecast period from 2017 to 2025.
Electrical Safety Foundation International (ESFI) is dedicated entirely for encouraging electrical safety at residential and commercial area. In the last few years, EFCI is dedicatedly organizing the National Electrical Safety Month and engage people education campaign in different places such as communities school and workplace environments in order to generate conscious among the people regarding electrical safety measures.
In each and every year, 15 percent of electrocutions are caused due to malfunctioning of electrical circuit. Thus, rising consciousness among the consumers regarding electric safety in turn is anticipated to trigger the demand of electrical safety products such as circuit breakers across different parts of the world.
Circuit breakers, GFCIs and dual function AFCIs and GFCIs can resist voltage fluctuation and acts as smart guard to prevent damage of electrical product. Moreover, AFCIs are electromechanical devices which protect an electrical circuit from an overcurrent.
Geographically, North America held the largest market share in the arc fault circuit interrupter market in 2016. However, Asia Pacific region is predicted to emerge as a dominating market share holder in the coming years owing to the rapid growth of the key end use sectors.
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The government of India is encouraging investment in power distribution levels through various schemes such as Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and Accelerated Power Development and Reforms Program (APDRP) in order to reduce commercial and technical problems, and gain access to reliable power supply. Rising construction activities in China and India is also anticipated to trigger the market of AFCI in Asia Pacific.
Some of the major players operating in the AFCI market includes ABB (Switzerland), Eaton (Republic of Ireland), GE (The U.S) and Siemens (Germany) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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