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Global Arc Fault Circuit Interrupter (AFCI) Market Growth 2023-2029
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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.
LPI (LP Information)' newest research report, the “Arc Fault Circuit Interrupter (AFCI) Industry Forecast” looks at past sales and reviews total world Arc Fault Circuit Interrupter (AFCI) sales in 2022, providing a comprehensive analysis by region and market sector of projected Arc Fault Circuit Interrupter (AFCI) sales for 2023 through 2029. With Arc Fault Circuit Interrupter (AFCI) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Arc Fault Circuit Interrupter (AFCI) industry.
This Insight Report provides a comprehensive analysis of the global Arc Fault Circuit Interrupter (AFCI) 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 Arc Fault Circuit Interrupter (AFCI) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Arc Fault Circuit Interrupter (AFCI) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Arc Fault Circuit Interrupter (AFCI) 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 Arc Fault Circuit Interrupter (AFCI).
The global Arc Fault Circuit Interrupter (AFCI) market size is projected to grow from US$ 3948 million in 2022 to US$ 4558.3 million in 2029; it is expected to grow at a CAGR of 4558.3 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Arc Fault Circuit Interrupter (AFCI) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Branch/Feeder Type Arc Fault Circuit Breakers
Combined AFCI (CAFCI)
Other
Segmentation by application
Residential Sector
Commercial/Industrial Sector
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
ABB
Eaton
Siemens
Leviton
JIYE ELECTRIC
FZKCA
Chengyang
Key Questions Addressed in this Report
What is the 10-year outlook for the global Arc Fault Circuit Interrupter (AFCI) market?
What factors are driving Arc Fault Circuit Interrupter (AFCI) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Arc Fault Circuit Interrupter (AFCI) market opportunities vary by end market size?
How does Arc Fault Circuit Interrupter (AFCI) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?