Global Residual Current Detectors Market Growth 2023-2029

Global Residual Current Detectors Market Growth 2023-2029

The global Residual Current Detectors market size is projected to grow from US$ 12960 million in 2022 to US$ 22780 million in 2029; it is expected to grow at a CAGR of 8.4% from 2023 to 2029.

Global key players of Residual Current Detector include Schneider Electric, SIEMENS, ABB, EATON and Chint Group, etc. The top five players hold a share over 60%.

Asia Pacific is the largest sale market, has a share about 37%, followed by Americas, and Europe, with share 28% and 21%, separately.

In terms of product type, the type AC RCD is the largest segment, occupied for a share of 40%, and followed by type A RCD, and type B RCD, with share 25% and 20%, separately. In terms of application, household has a share over 50%.

A residual-current device (RCD), residual-current circuit breaker (RCCB) or ground fault circuit interrupter (GFCI) is an electrical safety device that quickly breaks an electrical circuit with leakage current to ground. It is to protect equipment and to reduce the risk of serious harm from an ongoing electric shock.

Every residual current device (RCD) has three basic components - summation current transformer, trip relay and switching mechanism.

The function of the various parts is to detect and to evaluate the residual current and to interrupt the power supply if the residual current exceeds a certain value.

For correct function of an RCD, all live conductors of protected circuit, or at least as many conductors as necessary for correct appliance function, must pass through the summation transformer.

LPI (LP Information)' newest research report, the “Residual Current Detectors Industry Forecast” looks at past sales and reviews total world Residual Current Detectors sales in 2022, providing a comprehensive analysis by region and market sector of projected Residual Current Detectors sales for 2023 through 2029. With Residual Current Detectors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Residual Current Detectors industry.

This Insight Report provides a comprehensive analysis of the global Residual Current Detectors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Residual Current Detectors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Residual Current Detectors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residual Current Detectors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Residual Current Detectors.

This report presents a comprehensive overview, market shares, and growth opportunities of Residual Current Detectors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Type AC RCD
Type A RCD
Type B RCD
Type F RCD
Others

Segmentation by application
Home
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Schneider Electric
SIEMENS
ABB
EATON
Chint Group
DELIXI ELECTRIC
Legrand
Rockwell Automation
BG Electrical
LOVATO Electric
Sassin International Electric
IMO Precision Controls
Makel
Doepke
HIMEL
GEYA Electrical
Protek Electronics
Sassin International Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Residual Current Detectors market?

What factors are driving Residual Current Detectors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Residual Current Detectors market opportunities vary by end market size?

How does Residual Current Detectors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.