Residual Current Circuit Breaker Market to Record an Exponential CAGR by 2027

Stringent safety regulations & standards, such as Canadian CSA standard, UL1053 and IEC61008, and increasing demand for high-quality circuit breakers across the globe are the factors driving the residual current circuit breaker market over the forecast period. For the protection over potentially damaging thermal and dynamic stresses of any over currents, the residual current circuit breaker are taken into consideration which are used in series with a fuse or MCB. Furthermore, residual current circuit breakers are considered as safe devices that trip and detect electrical leakage and thereby ensure protection against electric shocks caused by indirect contacts by acting as a main disconnecting switch of any derived MCBs. Residual current circuit breakers are available in different rated currents from 16A in residential applications to over 125A in industrial applications with their related accessories. In industries and commercial set-ups, where the voltage is quite high, residual current circuit breakers help to prevent and eliminate the risk of shocks and accidental deaths.

Residual Current Circuit Breaker Market: Dynamics

The global residual current breaker market is estimated to gain traction over the forecast period owing to high sensitivity and its dual termination ability for busbar and cable connections. Furthermore, residual current circuit breakers provide high protection against leakage current as well as earth fault, which is expected to enhance the growth of the overall market over the forecast period. Moreover, incorporation of filtering device helps to offer protection against voltage fluctuation through providing guidance against transient voltage levels, which is further expected to fuel the growth of the residual current circuit breaker market during the forecast period. During surpass of rated sensitivity, residual current circuit breakers possess a feature of automatically disconnecting the circuit to avoid accidents, which is expected to attract customer interest and be a contributing factor towards the growth of residual current circuit breaker market.

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High cost and difficult installation are the factors expected to hinder the growth of the global residual current circuit breaker market during the forecast period.

Residual Current Circuit Breaker Market: Segmentation

The global residual current breaker market can be segmented based on product type, power input, residual currents, application and end use.

By product type, the global residual current circuit breaker market is segmented as:

2 Pole RCCB

4 Pole RCCB

By power input, the global residual current circuit breaker market is segmented as:

AC

DC

By residual currents, the global residual current circuit breaker market is segmented as:

AC Residual Current

A Residual Current

B Residual Current

By application, the global residual current circuit breaker market is segmented as:

Industrial

Commercial

Domestic

By end use, the global residual current circuit breaker market is segmented as:

Heating Systems

Wet Location Equipment

Semiconductor Process Equipment

Submersible Pumps

Residual Current Circuit Breaker Market:Region-wise Outlook:

Asia Pacific is estimated to witness significant growth during the forecast period owing to the growing industrialisation and urbanisation in countries such as China, India, and ASEAN. Furthermore, growing concern for safety in the electrical, automotive and electronic equipment are further expected to enhance the growth of the residual current circuit breaker market during the forecast period. North America is estimated to dominate the global residual current circuit breaker market owing to high awareness among consumers in residential, commercial and industrial application usage. Europe, over the last couple of years, has witnessed significant growth owing to growth in the residential sector. However, Europe is estimated to register relatively steady growth during the forecast period. The Middle East and Africa is expected to rank second in terms of market growth owing to growing industrialisation during the forecast period. The Latin America residual current breaker market is estimated to witness substantial growth during the forecast period due to growing awareness and incorporation of various end-use industries, such as pulp and paper, oil & gas, pharmaceuticals and others.

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Residual Current Circuit Breaker Market:Market Participants:

Some of the market participants in the global residual current circuit breaker market are:

Schneider Electric

ABB

Siemens AG

Honeywell International Inc.

HPL

Wenzhou korlen electric appliances co.,ltd.

Doepke Schaltgeräte GmbH

TONGOU Electrical

Velox Switch Gear

JSK Electrical Company

Polycrome Electrical Industries (Pvt) Ltd

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This release was published on openPR.