Categories: Pharma & Healthcare
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Market Overview
The global Ground Fault Monitoring Device Market anticipated to grow at a CAGR of 7.9% to reach US$ 5,202.6 Million by the end of 2030.
Market Report Service Insights can provide in-depth research reports highlighting Market and competitive information in key Market segments. The report also considers the impact of COVID-19 on the global Ground Fault Monitoring Device Market. This report considers the historical period 2018-2022, the base year 2022, and the forecast period 2023-2030. This report provides a quantitative analysis of the Market supported by Market drivers, challenges, and trends to accurately describe the Market scenario and competition.
Key Development
On February 01, 2021, Legrand launched its all-in-one ground fault circuit interrupter outlet device. It supports USB type-a and type-c charging due to the built-in USB connection supporting other devices. It can be used in bathrooms, kitchens, and other places. It is the first of its kind in the market.
For instance, The ESFI (electric safety foundation international) has been pushing for a change in the electrical safety equipment infrastructure for a few years now. The rising rate of construction in residential areas helps the market growth as well. As a result, the demand for GFPE devices is growing at a steady rate, which leads to more investments in the sector. This factor is likely to drive the global market during the forecast period.
Report Scope
Report Data | Ground Fault Monitoring Device Market |
Ground Fault Monitoring Device Market Forecast | 5,202.6 Million (2023-2030) |
Ground Fault Monitoring Device Market CAGR 2023 - 2030 | 7.9% |
Ground Fault Monitoring Device Market Analysis Period | 2023 - 2030 |
Ground Fault Monitoring Device Market Base Year | 2022 |
Ground Fault Monitoring Device Market Forecast Data | 2023 - 2030 |
Segments Covered | By Type, By Application, And by Regions |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Bender GmbH & Co. KG, Legrand, ABB, Siemens, TRAFOX, Schneider Electric, Eaton, HAKEL, Acrel Electric, Littelfuse, E.Dold?SöhneKG, PPO-Elektroniikka, Aibat, Beijing Gongyuan, Cirprotec |
Key Segments | Key Segment by Type AC Type DC Type Key Segment by Application Electric Vehicles Industrial Healthcare Other |
Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
FAQ
The global Ground Fault Monitoring Device Market anticipated to grow at a CAGR of 7.9% to reach US$ 5,202.6 Million by the end of 2030.
North America is expected to hold the largest share of the global Ground Fault Monitoring Device Market.
The key Ground Fault Monitoring Device Market players profiled in the report include Bender GmbH & Co. KG, Legrand, ABB, Siemens, TRAFOX, Schneider Electric, Eaton, HAKEL, Acrel Electric, Littelfuse, E.Dold?SöhneKG, PPO-Elektroniikka, Aibat, Beijing Gongyuan, Cirprotec and others.
Global Ground Fault Monitoring Device Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
Corporate strategies have a separate section:
Companies are focusing on cross-border development, product differentiation and other methods to maintain Market share. Established companies in particular need to understand the overall Market composition and the capabilities of regional players in order to implement these approaches.
The study provides company profiles with detailed reports on key metrics. These developments give readers the knowledge they need to make smart decisions while also helping them focus on attracting customers and growing their businesses.
Due to the unexpected COVID-19 epidemic, there is a temporary shift in the demand of the global Ground Fault Monitoring Device Market.
As a result, Market sizes that accurately represent the impact of COVID-19 can be assessed and predicted using real-time trends.
Key reasons to buy this report:
Base Year:2022
Historical Data:2017-2022
No of Pages:166
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