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 : Sep 2023
  • Report Code : KSI061615230
  • Pages : 135

The global portable GFCI market is expected to grow at a CAGR of 7.28% during the forecast period.

A portable Ground Fault Circuit Interrupter (GFCI) is an electrical safety device that prevents 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 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 portable GFCIs are 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), total construction spending increased by 0.5 per cent in August 2023, 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 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, the Electrical Safety Foundation International (ESFI) reported that 1738 workplace fatalities occurred globally 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 worldwide are focusing more on safety regulations and standards, and there is a growing emphasis on using 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, the 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.

The North American region is expected to hold a significant market share during the forecast period.

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 20222, amendment 17 to the Energy Efficiency Regulations was published in the Canada Gazette, Part II on December 21 which included new energy efficiency standards for various products. The new standards require that portable GFCIs sold in Canada meet certain energy efficiency requirements, encouraging manufacturers to produce more efficient and cost-effective models. Adopting portable GFCIs in buildings and favourable government regulations for safety are expected to propel regional market growth.

Market Developments:

  • January 2023: Molex, a global electronics leader and connectivity innovator, launched a new portable GFCI called "Super-Safeway GFCI," with the highest industrial protection level against high-pressure and high-temperature.

Portable Ground Fault Circuit Interrupter (GFCI) Market Scope:

 

Report Metric Details
Growth Rate CAGR of 7.28% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Type, Product Type, End-Users, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered DiversiTech Corporation, Eaton Corporation, Ericson, Hubbell, Legrand, Leviton Manufacturing Co., Inc., LEX Products, Molex LLC (Koch Industries)
Customization Scope Free report customization with purchase

 

Market Segmentation:

  • By Type
    • Plug-In
    • Inline
  • By Product Type
    • Adaptors
    • Plugs
    • Extension Cords
  • By End-Users
    • Residential
    • Commercial
    • Industrial
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

The portable GFCI market is expected to grow at a CAGR of 7.28% over the forecast period.
Prominent key market players in the portable GFCI market include DiversiTech Corporation, Eaton Corporation, Ericson, Hubbell, Legrand, among others.
The portable GFCI market has been segmented by type, product type, end-users, and geography.
The increasing number of residential and commercial buildings will boost the portable GFCI market growth.
The North American region is expected to hold a significant share of the portable GFCI market.

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

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

5.1. Introduction

5.2. Plug-In

5.3. Inline

6. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET BY PRODUCT TYPE

6.1. Introduction

6.2. Adaptors

6.3. Plugs

6.4. Extension Cords

7. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET BY END-USER

7.1. Introduction

7.2. Residential

7.3. Commercial

7.4. Industrial

8. PORTABLE GROUND FAULT CIRCUIT INTERRUPTER (GFCI) MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Others

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. Market Share Analysis

10. COMPANY PROFILES

10.1. DiversiTech Corporation

10.2. Eaton Corporation

10.3. Siemens

10.4. Ericson

10.5. Hubbell

10.6. Legrand 

10.7. Leviton Manufacturing Co., Inc.

10.8. LEX Products

10.9. Molex LLC (Koch Industries)


DiversiTech Corporation

Eaton Corporation

Siemens

Ericson

Hubbell

Legrand

Leviton Manufacturing Co., Inc.

LEX Products

Molex LLC (Koch Industries)