BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market Size By Type (Branch/Feeder, Outlet, and Combination), By Application (Residential and Commercial), By Geographic Scope And Forecast

BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market Analysis

According to Market Research, the BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market was valued at USD 3,940.9 Million in 2019 and is projected to reach USD 5,960.3 Million by 2027, growing at a CAGR of 5.28% from 2020 to 2027.

What is Arc Fault Circuit Interrupter (AFCI)?

An Arc Fault Circuit Interrupter (AFCI) is a circuit breaker that breaks the circuit when it detects an electric arc in the circuit it protects to prevent electrical fires. An AFCI selectively distinguishes between a harmless arc (incidental to the normal operation of switches, plugs, and brushed motors), and a potentially dangerous arc (that can occur, for example, in a lamp cord which has a broken conductor).

BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market Overview

Arc faults in a home are one of the leading causes for electrical fires. An AFCI is a protection device designed to help prevent fires by detecting an unintended electrical arc and disconnecting the power before the arc starts a fire. The National Electrical Manufacturers Association (NEMA) actively supports and promotes the installation and use of Arc Fault Circuit Interrupter (AFCI) technology in residential and commercial buildings as an important electrical safety device to protect persons and property. The growing government support to safety standards in the residential sector is one of the major factors driving the growth of the market. However, the manufacturing defects associated with the arc fault circuit interrupters are hinder the growth of the market.

BRICS and Global Arc Fault Circuit Interrupter (AFCI) MarketSegmentation Analysis

The BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market is segmented on the basis of Type, application, and geography.

BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market by Type

Based on Type, the market is bifurcated into Branch/Feeder, Outlet, and Combination. Branch/Feeder accounted for the largest market share in 2018. A Branch Feeder Type Arc Fault Circuit Interrupter (AFCI) is a device intended to mitigate high current arcing faults in the complete circuit.

BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market by Application

On the basis of application, the BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market has been segmented into Residential and Commercial. The residential segment accounted for the largest market share in 2019. AFCIs are an important safety addition to homes in part because they address an additional type of electrical fault that can cause a fire and one which may not be detected and interrupted by a conventional circuit breaker, nor by a ground-fault circuit interrupter.

BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market by Geography

On the basis of regional analysis, the BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market is classified into North America, Europe, Asia Pacific, Latin America, and the Rest of the World. North America is expected to hold the largest market share of the Arc Fault Circuit Interrupter market over the forecast period followed by Europe. Increasing the adoption of autonomous technology in mass transit due to rising support of the federal government in modifying transport regulations is a driving factor in the region.

Global BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market Competitive Landscape

The “Global BRICS and Global Arc Fault Circuit Interrupter (AFCI) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Eaton Corporation Plc, Schneider Electric, Siemens, General Electric Company, Legrand SA and Others

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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