The global arc fault circuit interrupters market is expected to exhibit a robust 5.1% CAGR between 2017 and 2025, rising from a valuation of US$3.7 bn in 2017 to close to US$5.6 bn by 2025
Albany, NY -- (SBWIRE) -- 10/11/2017 -- Market Research Reports Search Engine (MRRSE) has been added into its data base a brand new report titled, "ARC Fault Circuit Interrupter-Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025 that tracks the performance of the global Arc fault circuit interrupter market for the projected period of eight years i.e. between 2017 and 2025. The global construction chemical market is anticipated to grow on a positive note during the forecast period. In terms of value, the global market for Arc fault interrupter is likely to be valued at US$ 3.7 Bn in the year 2017, while at the end of the projected year, i.e. in 2025, the market is estimated to be valued US$ 5.6 Bn, expanding at a CAGR of 5.1% throughout the assessed period.
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Global Arc Fault Circuit Interrupter Market- Drivers
Following are some of the factors which are contributing in the growth of global Arc fault circuit interrupter market.
Growing concerns regarding safety from electrical equipment in residence
Growing concerns regarding safety from equipment deals with electricity in houses and commercial buildings
Mandatory rules and regulations in developed countries like Canada, Germany and U.S. regarding compulsory usage of Arc fault circuit interrupters in current and uncompleted construction projects
Booming construction industries in the countries like India and China in Asia Pacific region
Rising per capita income and growing urban population
Global Arc Fault Circuit Interrupter Market- Forecast and Analysis by Type
On the basis of the type segment, the worldwide market for Arc fault circuit interrupter market is segmented into outlet, combination and branch/feeder. The combination segment is anticipated to grow speedily during the projected period followed by the branch or feeder segment. This feeder/branch segment is likely to capture this largest share of market and also likely to grow speedily during the assessed period.
Global Arc Fault Circuit Interrupter Market- Forecast and Analysis by Application
On the basis of application segment, the Arc fault circuit interrupter market across the globe is segmented into industrial/commercial and residential. The segment of residential is witnessing a tremendous growth due to two reasons. Firstly, there is a rising necessity for Arc fault circuit interrupters from this application and secondly government have made it regulatory to use these circuit interrupters in residential application.
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Global Arc Fault Circuit Interrupter Market- Forecast and Analysis by Region
Five regions have covered in this report namely, South America, North America, Middle East and Asia, Europe and Asia pacific. North America dominated the Arc fault circuit interrupter market for globe during the projected period. This region is likely to be valued nearly US$ 1.5 Bn in the year 2017. This value is almost twice than the value of any other region in the global Arc fault circuit interrupter market. North America region is expected to reach at US$ 2.3Bn at the end of the projection period, i.e. 2025, expanding at a CAGR of 5.6%. In the meantime, MEA and South America both the regions are likely to witness sluggish growth during the assessed period, while Europe region is likely to capture major market share throughout the estimated period.
Global Arc Fault Circuit Interrupter Market- Competitive Landscape
Some of the key players in the worldwide market of Arc fault circuit interrupter market are Siemens Industry, Eaton Corporation, Schneider Electric SE, General Electric, and Leviton Manufacturing Co.
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