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.

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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.

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.

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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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