Arc Fault Circuit Interrupter(AFCI) Market
Arc Fault Circuit Interrupter(AFCI) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Arc Fault Circuit Interrupter(AFCI) Market Size and Growth
The global Arc Fault Circuit Interrupter (AFCI) market is projected to reach a value of $1.5 billion by 2025, with a CAGR of 5.8%. Increasing concerns regarding electrical safety and stringent regulations are driving the market growth. Residential applications are expected to dominate the market due to rising demand for fire protection.
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Companies Covered (Covid 19 Impact Covered)
◍ ABB (Switzerland)
◍ Eaton (Republic of Ireland)
◍ GE (The U.S)
◍ Siemens (Germany)
◍ Leviton
◍ Legrand
◍ Schneider Electric
◍ Omron
The Arc Fault Circuit Interrupter (AFCI) market is highly competitive with key players like ABB, Eaton, GE, Siemens, Leviton, Legrand, Schneider Electric, and Omron. These companies provide innovative AFCI solutions to enhance electrical safety. ABB generated $27.4 billion in sales revenue, Eaton $21.6 billion, Siemens $101.8 billion.
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Market Segmentation
By Application
◍ Residential Sector
◍ Commercial Sector
◍ Industrial Sector
By Product
◍ Branch/Feeder AFCI
◍ Combination AFCI (CAFCI)
◍ Outlet
◍ Others
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$ X Billion USD
Market Growth
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