Portable Ground Fault Circuit Interrupter (GFCI) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Plug-In, Inline), By Product Type (Adaptor, Plugs, Extension Cord), By End-Users (Residential, Commercial, Industrial), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615230
- Pages : 146
A portable Ground Fault Circuit Interrupter (GFCI) is an electrical safety device that is used to prevent electrical shock by detecting an imbalance in the current. Portable GFCIs can be easily moved from one location to another, making them ideal for use in various settings, including construction sites, outdoor events, and workshops. A Portable GFCI can be plug-in or inline type and can be used in residential, commercial, and industrial applications. The increasing awareness of electrical safety, the growing number of buildings, and stringent safety regulations by the government will boost the demand for portable GFCI, thereby propelling their market growth.
The increasing number of residential and commercial buildings will boost the growth of the portable GFCI market.
Portable GFCIs protect against electrical shocks and electrocution by monitoring the electrical current flowing through a circuit and interrupting the power when it detects a current imbalance or ground fault. Residential consumers use portable GFCIs for outdoor activities or in wet environments, such as swimming pools or bathrooms to protect themselves from electrical shock. Commercial organizations require a safe working environment for their employees, and the use of portable GFCIs is becoming increasingly common in commercial settings to protect workers and customers from electrical hazards. Demand for portable GFCI is expected to increase owing to the increasing number of residential and commercial buildings. According to the Associated General Contractors of America (AGC), non-residential construction spending increased by 2.2% in 2021, driven by investments in infrastructure projects and other commercial and public construction. According to the National Association of Home Builders (NAHB), home construction in the US increased by 12% in 2020 compared to the previous year. Also, the growing number of electrocution accidents is expected to act as an additional driving factor. According to the National Fire Protection Association (NFPA) in 2020, 126 workers died due to electrical malfunction in the USA. In 2020, Electrical Safety Foundation International (ESFI) reported that globally 1738 workplace fatalities occurred due to electric current shocks. This demonstrates that portable GFCI hold a great demand in the future.
The increasing government regulations for safety will boost the growth of the portable GFCI market.
Governments around the world are focusing more on safety regulations and standards, and there is a growing emphasis on the use of portable GFCIs to protect workers and consumers from electrical hazards. The demand for portable GFCIs is expected to increase as safety regulations become more widespread and stringent. In 2020, National Electrical Code (NEC) expanded requirements for the use of GFCIs in the USA to prevent electric shock and the code requires GFCI protection for all 125-volt, single-phase, 15- and 20-ampere receptacles installed outdoors, and in unfinished basements, crawl spaces, kitchens, and bathrooms.
During the forecast period, the North American region is expected to hold a significant market share.
North America is expected to retain a considerable market share as it has a well-established construction industry that requires GFCIs for safety, and a high level of awareness about safety among consumers. In November 2021, the government of the USA launched the "Infrastructure Investment and Jobs Act" which provides $1.2 trillion in funding for infrastructure projects across the country, including the construction and renovation of buildings. In 2021, the Canadian government launched the "Energy Efficiency Regulations Amendment" which included new energy efficiency standards for various products, and the new standards require that portable GFCIs sold in Canada meet certain energy efficiency requirements, which will encourage manufacturers to produce more efficient and cost-effective models. In 2021, the Mexican government launched the "Electrical Safety Program" to increase awareness of electrical safety among the general public and promote the adoption of safe electrical practices like the installation of portable GFCIs in homes and businesses. The adoption of portable GFCIs in buildings and favorable government regulations for safety are expected to propel regional market growth.
- January 2023: Molex, a global electronics leader and connectivity innovator launched a new portable GFCI called "Super-Safeway GFCI" which has the highest level of industrial protection that is against high-pressure and high-temperature.
- June 2021: Hubbell introduced the "GFCI Protected Portable Outlet" which was designed for use in construction sites that protects against electrical shock and an enclosure that protects against dust and debris.
- February 2021: Siemens introduced the "UL-Listed portable GFCI Plug-In" with dual outlet protection, and the product was designed for use in outdoor and indoor settings and provides protection against electrical shock and overload.
- By Type
- By Product Type
- Extension Cord
- By End-Users
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET, BY TYPE
6. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET, BY PRODUCT TYPE
6.4. Extension Cord
7. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET, BY END-USER
8. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET, BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. DiversiTech Corporation
10.2. Eaton Corporation
10.7. Leviton Manufacturing Co., Inc.
10.8. LEX Products
10.9. Molex LLC (Koch Industries)
Leviton Manufacturing Co., Inc.
Molex LLC (Koch Industries)
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