Report Code: A15967 | Pages: NA | Jul 2023 | 1384 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Gfci Receptacles Market
Request Now !Ground fault generally occurs when a current carrying conductor comes in contact with a ground causing leakage. A ground fault circuit interrupter (GFCI) protects a person from getting severe shock, which unintentionally becomes a part of the electric path between source and the ground surface. GFCIs help to prevent deadly shock by quickly shutting off the power to the circuit if electricity flowing into the circuit differs by even slight amount from that returning, signifying a leakage. Increase in adoption of GFCIs in place of conventional receptacle in order to provide protection to anyone against short circuit or electrocutions who plugs an electrical device into an electrical system is the primary factor predicted to accelerate the demand for GFCIs across various residential and commercial applications. The main objective of this organization is to reduce electrical injuries and fire; saving lives and property through public education and outreach. This in turn, is projected to augment the demand for GFCIs receptacles.
However, lack of awareness about the installation is the major factor that limits the growth of global GFCI receptacles market during the forecast period.
COVID-19 Impact AnalysisÂ
Top Impacting Factors
The rise in adoption of GFCIs over conventional receptacle to protect electrocutions or short circuit is the primary factor the pushes the demand for ground fault circuit interrupters in the market. The growth of GFCIs is being witnessed across several commercial and residential applications. In addition, in order to protect the consumers from electric shocks, the government is taking several initiatives. These initiatives are encouraging consumers to install GFCIs as it helps in protecting against severe electrocution hazards particularly in residential sectors, including hot tubs, bathroom, garages, and pump room.
Market Trends
Key Benefits of Report
This study presents the analytical depiction of the GFCI receptacles market industry along with the current trends and future estimations to determine the imminent investment pockets.
Questions Answered in GFCI Receptacles Market Report
GFCI Receptacles Market Report Highlights
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