Global Arc Fault Circuit Interrupter AFCI Market Research Report 2023(Status and Outlook)
Report Overview
The primary function of an Arc Fault Circuit Interrupters (AFCI) is to detect and identify dangerous grounding, parallel, and series Arc faults, and to actuate the device that disconnects the current in time to avoid electrical fire. When an arc fault occurs, because the current intensity is small, lower than the set value of the overcurrent protection widely installed in the power system, especially in the low-voltage distribution field, the installation of AFCI arc fault circuit breaker in the distribution line terminal can detect the arc in time and cut off the circuit, effectively reducing the loss caused by the arc.
Schneider Electric, ABB, Eaton, Siemens and Leviton are the major global fault arc breaker (AFCI) manufacturers. Schneider Electric is the world's largest manufacturer of faulted arc breakers (AFCI), accounting for 30% of the total global AFCI market, followed by ABB, which accounts for approximately 23% of the total global AFCI market turnover.
At present, AFCI is mainly divided into branch/feeder type, combined AFCI (CAFCI) and others, of which combined AFCI (CAFCI) is the main type of AFCI, accounting for about 74% of the global market.
The Global Arc Fault Circuit Interrupter AFCI Market Size was estimated at USD 3761.50 million in 2022 and is projected to reach USD 4320.78 million by 2029, exhibiting a CAGR of 2.00% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Arc Fault Circuit Interrupter AFCI market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Arc Fault Circuit Interrupter AFCI Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Arc Fault Circuit Interrupter AFCI market in any manner.
Global Arc Fault Circuit Interrupter AFCI Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Schneider Electric
ABB
Eaton
Siemens
Leviton
JIYE ELECTRIC
FZKCA
Chengyang
Market Segmentation (by Type)
Branch/Feeder Type Arc Fault Circuit Breakers
Combined AFCI (CAFCI)
Other
Market Segmentation (by Application)
Small Business
Midsize Enterprise
Large Enterprise
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Arc Fault Circuit Interrupter AFCI Market
Overview of the regional outlook of the Arc Fault Circuit Interrupter AFCI Market:
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