GFCI (Ground Fault Circuit Interrupter) Market - Estimated to Hike in Global Industry Demand by 2025

Ground fault generally occurs when a current carrying conductor comes in contact with a ground causing leakage. A ground fault circuit interrupter (GFCI) protects a person from getting severe shock who unintentionally becomes a part of the electric path between source and the ground surface. GFCIs helps to prevent deadly sock by quickly shutting off the power to the circuit if electricity flowing into the circuit differs by even slight amount from that returning, signifying a leakage. Increasing adoption of GFCIs in place of conventional receptacle in order to provide protection to anyone against short circuit or electrocutions who plugs an electrical device into an electrical system is the primary factor predicted to accelerate the demand of GFCIs across various residential and commercial applications. In addition, initiatives taken by government to encourage installation of GFCIs in order to provide protection against severe electrocution hazards across various residential sectors including bathroom, hot tubs, pump room and garages among others is also anticipated to drive the market growth of GFCIs during the forecast period from 2017 to 2025. GFCIs also helps prevent electrical fires and reduces the harshness of other fires by interrupting the current flow in a circuit. In many cases, GFCIs and AFCIs can be installed collectively to provide the most advanced protection technology to a circuit.

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For the purpose of providing a comprehensive and detailed analysis of the market, the global Ground Fault Circuit Interrupter Market has been segmented into product type and end user. Information related to different types of GFCI available in market including receptacle-type, temporary and portable. In addition, data related to demand of GFCI across various application in residential and commercial sectors is also provided in this report. Furthermore, current market condition along with future anticipated demand trend of the above mentioned segments including end user and product type across different regions including Europe, Asia Pacific, North America, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.

Rising safety awareness among the consumers towards protection of electrical appliances from electrical fire hazard and to prevent against electrocution is one of the most important factor anticipated to boost the adoption rate of ground fault circuit interrupter at an extensive rate during the forecast period from 2017 to 2025. ESFI (Electrical Safety Foundation International) is entirely dedicated towards encouraging electrical safety at commercial and residential areas. In the last few years, EFCI has been dedicatedly organizing a National Electrical Safety Month across different places including school, communities and workplace environments for generating consciousness among the people towards various electrical safety measures. Every year, approximately 15 percent of electrocutions are caused globally due to malfunctioning of electrical circuit. This in turn is predicted to accelerate the demand of GFCIs in the coming years. In addition, extensive grid modernization activity taking place across various commercial and residential sectors in order to replace the old age circuit is also expected to provide a better opportunity for different GFCI manufacturers in the near future.

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Geographically, the global Ground Fault Circuit Interrupter Market is anticipated to be majorly driven by North America in terms of market share holding and is expected to maintain its dominating position in the coming years. On the other hand, demand for GFCI in Asia Pacific region is predicted to experience a rapid growth rate in the coming years and is expected to increase its market penetration during the forecast period from 2017 to 2025. Increasing demand for effective and efficient electrical load management system form the rapidly growing industrial sector is the primary factor responsible for the growing demand of GFCIs in this region.

Some of the major players operating in the global Ground Fault Circuit Interrupter Market includes Eaton (Republic of Ireland), Hubbell Wiring Device-Kellems (The U.S), Leviton (The U.S) and ABB (Switzerland) among others.

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