Market Overview:
The global AFCI circuit breakers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for safety and security in residential and commercial applications. In addition, the growing awareness about fire safety among consumers is also contributing to the growth of this market. The global AFCI circuit breakers market by type is segmented into max string voltage less than 1000VDC and max string voltage greater than or equal to 1000VDC. The max string voltage less than 1000VDC segment is expected to grow at a CAGR of 6% from 2018 to 2030, while the max string voltage greater than or equal to 1000VDC segment is expected grow at a CAGR of 4% during the same period. The global AFCI circuit breakers market by application is divided into residential and commercial applications. The residential application segment accounted for majority share (64%) of the total AFCI circuit breaker market in 2017, owingto increasing demand for safety and security systems in homes across different regions worldwide .
Product Definition:
AFCI circuit breakers are designed to protect people from fires that may be caused by arcing faults. Arcing faults can occur when there is a power surge or when insulation on wiring breaks down, causing a spark.
Max. string voltage
MAX STRING is a high-power electronic device used as an anti-surge protection device for electric circuits. It is also known as a MOSFET Max String because of its use in electrical fittings to protect against short circuits and excessive current flow.
Max. string voltage ≥1000VDC:
The Max. string voltage is the highest possible voltage that a circuit can handle before it trips an electrical protection device such as a fuse or circuit breaker. The max. string voltage for AFCI Circuit Breakers is 1000VDC and above, which covers the range from 200VDC to over 3000VDC depending on the type of equipment being protected and its usage in critical applications where high voltages are required with low risk of tripping breakers or fuses.
Application Insights:
Commercial segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The growing number of hospitals, hotels, shopping malls and other commercial buildings on account of increasing traveling and tourism is expected to drive product demand in this segment over the forecast period.
The residential application segment is expected to witness significant growth owing to rising consumer spending capacity as well as inclination towards energy-efficient products among developing countries such as China, India & Brazil. Furthermore, growing urbanization due to population surge will further augment product penetration in this application sector over the forecast period. Increasing investments by governments across various regions including Australia New Zealand Banking Group Limited (ANZ), Bank Of America Corporation (BAC) and Wells Fargo & Company (WFC) are anticipated to boost circuit breakers market growth over the forecast period among others are likely to contribute significantly toward industry expansion during future phases of development.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for consumer electronics and growing industrialization. In addition, rising construction activities in emerging economies are anticipated to drive product demand further.
The Asia Pacific regional market is characterized by stringent government regulations regarding electrical safety standards, which has resulted in an increased adoption of AFCI circuit breakers across commercial and residential applications. Furthermore, rapid urbanization coupled with expanding infrastructure sector in India and China is projected to fuel industry growth over the coming years.
North America accounted for a major share of revenue generated by export markets due to high product penetration levels along with technological advancements pertaining circuit breaker manufacturing processes that have led domestic manufacturers such as Honeywell International Inc., Emerson Electric Co., and Cooper Industries Inc., dominate this region's exports list as well (Honeywell & Emerson Electric Co.; January 2018).
Growth Factors:
- Increasing demand from the construction sector for AFCI circuit breakers as a safety measure.
- Rising awareness about the benefits of using AFCI circuit breakers, which is driving their adoption in residential and commercial establishments.
- The increasing use of smart technology in homes and businesses is leading to an increase in the demand for AFCI circuit breakers.
- The growing popularity of solar energy systems is also contributing to the growth of the AFCI Circuit Breakers market as these systems require special protection against fire hazards.
- Stringent safety regulations by government agencies are propelling the growth of the AFCI Circuit Breakers market
Scope Of The Report
Report Attributes
Report Details
Report Title
AFCI Circuit Breakers Market Research Report
By Type
Max. string voltage <1000VDC, Max. string voltage ≥1000VDC
By Application
Residential, Commercial
By Companies
Eaton, Siemens, ABB, SolarBOS, Santon, Fonrich
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global AFCI Circuit Breakers Market Report Segments:
The global AFCI Circuit Breakers market is segmented on the basis of:
Types
Max. string voltage <1000VDC, Max. string voltage ≥1000VDC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Siemens
- ABB
- SolarBOS
- Santon
- Fonrich
Highlights of The AFCI Circuit Breakers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Max. string voltage <1000VDC
- Max. string voltage ≥1000VDC
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AFCI Circuit Breakers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AFCI circuit breakers are devices that protect electrical systems from overloads and surges. When an overload or surge occurs, the circuit breaker opens to interrupt the flow of electricity to prevent damage.
Some of the key players operating in the afci circuit breakers market are Eaton, Siemens, ABB, SolarBOS, Santon, Fonrich.
The afci circuit breakers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AFCI Circuit Breakers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AFCI Circuit Breakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AFCI Circuit Breakers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AFCI Circuit Breakers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AFCI Circuit Breakers Market Size & Forecast, 2020-2028
4.5.1 AFCI Circuit Breakers Market Size and Y-o-Y Growth
4.5.2 AFCI Circuit Breakers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Max. string voltage <1000VDC
5.2.2 Max. string voltage ≥1000VDC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AFCI Circuit Breakers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AFCI Circuit Breakers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Max. string voltage <1000VDC
9.6.2 Max. string voltage ≥1000VDC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Max. string voltage <1000VDC
10.6.2 Max. string voltage ≥1000VDC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Max. string voltage <1000VDC
11.6.2 Max. string voltage ≥1000VDC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Max. string voltage <1000VDC
12.6.2 Max. string voltage ≥1000VDC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Max. string voltage <1000VDC
13.6.2 Max. string voltage ≥1000VDC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AFCI Circuit Breakers Market: Competitive Dashboard
14.2 Global AFCI Circuit Breakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Siemens
14.3.3 ABB
14.3.4 SolarBOS
14.3.5 Santon
14.3.6 Fonrich
