Ground Fault Circuit Interrupter (GFCI) Market is expected to grow at a CAGR of 7.01% during the forecast period. Global Ground Fault Circuit Interrupter (GFCI) Market is expected to reach US$ 3.81 Bn. by 2029.

Ground Fault Circuit Interrupter (GFCI) Market Overview:

The primary goal of this research is to assist the user in understanding the  Ground Fault Circuit Interrupter (GFCI) market in terms of definition, segmentation, market potential, significant trends, and the problems that the     Ground Fault Circuit Interrupter (GFCI)  industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Market Dynamic:

The growing use of sensing technologies in numerous applications, as well as the need to protect customer health, are factors expected to drive the Ground Fault Circuit Interrupter (GFCI) market growth. Furthermore, governments are urging people to install GFCIs in their homes due to National Electrical Code (NEC) Hazard protection norms mandate and increasing need for electrical fire protection in commercial and residential sectors are key supporting factors expected to drive market growth. Leviton will release a new Smartlock Pro GFCI combo (4.8A) charger in 2021 to provide 24*7 protection from ground faults.

Segmentation:

Portable GFCIs are widely utilised in residential and commercial applications all over the world. Portable GFCIs are commonly used in bathrooms, bedrooms, kitchens, and other places of the home where a human is likely to come into touch with electricity. Portable GFCIs are most commonly found in schools and shopping malls. The potential of portable GFCI to be used for electric tools operating on construction sites, as well as the strong demand for portable GFCI in unprotected power outlet operations, are factors expected to drive sector expansion throughout the projection period. According to Eaton, portable GFCI will account for around 12 million devices globally by 2021.

By Product Type
• Portable GFCI
• Receptacle Type GFCI

By End User
• Electric harvester
• Hand held electric tools
• Electric pumps
• Others

By Distribution Channels
• Offline
o Company outlets
o Specialty stores
• Online
o E commerce
o Company websites

By Application,
• Underwater pool lighting
• Kitchen receptacles
• Bathroom receptacles
• Outdoor receptacles
• Garage receptacles
• Utility sinks
• Wet bar sinks
• Garden equipment
• Construction locations

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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the     Ground Fault Circuit Interrupter (GFCI)  market are

• Leviton
• Eaton
• ABB
• Hubbell Wiring Device- Kellems
• Siemens AG
• Tower Production
• Molex Integrated
• Lex Products
• Schneider Electric
• Emerson Electric Co.
• Defond Group
• NANDAO
• ELEGRP
• Altech Group
• Tecmark Corporation
• Sensata Technologies
• Littlefuse, Inc.
• Thermon, Inc.
• Legrand
• I-Guard Corporation.

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Regional Analysis:

The report focuses on Global Regions and Market Size of     Ground Fault Circuit Interrupter (GFCI) , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on     Ground Fault Circuit Interrupter (GFCI)  Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the     Ground Fault Circuit Interrupter (GFCI)  industry in 2021.

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Key Questions answered in the     Ground Fault Circuit Interrupter (GFCI)  Market Report are:

• What is the function of     Ground Fault Circuit Interrupter (GFCI) ?
• What is the predicted revenue generation of the     Ground Fault Circuit Interrupter (GFCI)  market?
• At what growth rate is the     Ground Fault Circuit Interrupter (GFCI)  market evolving?
• Who are the major market giants operating in the     Ground Fault Circuit Interrupter (GFCI)  market?

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