ARC Fault Circuit Interrupter (AFCI) Market 2017 – 2025

Posted by Dinesh on March 23rd, 2021

Global Arc Fault Circuit Interrupter Market: Snapshot

Arc fault circuit interrupters are a protective equipment against fires that can occur from sparkling or arcing. Arc faults can arise from poor connections, braches in wires, shorted wires, overheated or stressed electrical wires and cords, deteriorated wires, etc. AFCI are implemented in residential and commercial/industrial applications for detecting dangerous arcs and reducing risks.

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The global arc fault circuit interrupters market is expected to exhibit a robust 5.1% CAGR between 2017 and 2025, rising from a valuation of US.7 bn in 2017 to close to US.6 bn by 2025.

Branch/Feeder AFCI to Dominate Arc Fault Circuit Interrupter Market

The global arc fault circuit interrupter market has been segmented on the basis of type, fuel type and application. The type segment has further been divided into branch/feeder, outlet, and combination. The branch/feeder segment holds the largest share in the global arc fault circuit interrupter market and is expected to grow at a fast rate in the forecast period. Combination type arc fault circuit interrupters are anticipated to grow at the fastest rate during the forecast period, following the branch/feeder type segment.

Europe to Emerge as Significant Contributor, North America to Dominate

The global arc fault circuit interrupter market is expected to be driven by the North America region. The regional market was valued at close to US.5 bn in 2017, nearly twice as much as any other regional AFCI market, and is likely to exhibit the fastest CAGR of 5.6% till 2025 to emerge with a valuation of close to US.3 bn. Europe is estimated to contribute a major share in the overall AFCI market over the 2017-2025 forecast period, closely followed by Asia Pacific. The two markets are expected to exhibit a 5.2% and 4.9% CAGR over the forecast period, respectively, and both are likely to be valued at over US bn by 2025. Meanwhile, South America and the Middle East and Africa are anticipated to grow at a relatively sluggish rate during the forecast period.

Key players profiled in the global arc fault circuit interrupter (AFCI) market include Eaton Corporation, General Electric, Siemens Industry, Inc., Legrand SA, Schneider Electric SE, and Leviton Manufacturing Co.

Get More Press Release by TMR: https://www.prnewswire.co.uk/news-releases/rising-influence-of-automation-to-paint-strokes-of-growth-across-proximity-sensors-market-between-2019-and-2027-tmr-868639913.html