ARC Fault Circuit Interrupter (AFCI) Market Potential Growth, Share, Demand and

Posted by Fred Williams on April 8th, 2021

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.

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.

The major factor affecting the growth of the global arc fault circuit interrupter market is the rising safety concern regarding electrical equipment in the residential segment. Arc fault are responsible for house fire incidents, leading to injuries and property damage caused by fire. Therefore the increasing number of these incidents has led to the passing of mandatory requirements for the installation of AFCIs, which will likely effectively diminish such incidents. Demand from the AFCI market is anticipated to increase in the near future due to the rising concern for the safety of commercial buildings and houses. In some countries such as the U.S., Canada, and Germany, mandatory regulations have been passed to implement arc fault circuit interrupters in upcoming and ongoing construction projects, ensuring steady growth of the arc fault circuit interrupters market in the coming years.

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Fred Williams

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Fred Williams
Joined: May 7th, 2020
Articles Posted: 371

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