Market Overview:
The global portable residual current devices (PRCD) 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 awareness about safety and security among consumers, and the growing demand for PRCDs in industrial and construction applications. The portable power outlet segment is expected to account for the largest share of the global PRCD market in 2018, followed by safety switch plug adapter and cord sets segments. The growth in this segment can be attributed to the increasing demand for portable power outlets across different applications, such as industrial, construction, commercial, and residential sectors. In terms of region, North America is expected to account for the largest share of the global PRCD market in 2018 followed by Europe and Asia Pacific regions.
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Product Definition:
A Portable Residual Current Device (PRCD) is a device which monitors the electrical current flowing to and from an appliance. If the electrical current exceeds a certain level, the PRCD will cut power to the appliance. Portable residual current devices are used to protect people against electric shock.
Portable Power Outlet:
The global portable power outlet market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing usage in smartphones, tablets, laptops, and other electronic devices. The growing demand for these outlets due to their lightweight features has resulted in increased penetration across residential as well as commercial sectors globally.
Safety Switch Plug Adapter:
Safety switch plug adapters are used in portable residual current devices (PRCD) to provide mechanical and electrical connections for accessories. PRCDs are the primary protection device when working near energized electrical conductors such as ESD, ACD, power lines or circuits with high voltage. The safety switch plug adapters have three major functions including isolating function, arc-fault circuit interrupter (AFCI) function and overvoltage protection function.
Application Insights:
The others application segment includes residential, healthcare, hospitality and leisure. The construction industry is expected to emerge as the fastest growing segment over the forecast period owing to an increase in industrialization and infrastructure development across the globe. Portable residual current devices are used for monitoring and controlling electrical equipment during maintenance operations at construction sites. They are also used in areas where there is a risk of electric shock due to tripping or switching off of electrical equipment due to human error or technical failure.
The portable residual current device market has witnessed significant growth over the past few years on account of its rising adoption in industrial applications including oil & gas, manufacturing facilities, power plants etc., which require protection against electric shocks resulting from tripping or switching off of machinery/electrical equipment caused by human error or technical failure. These devices can be installed either temporarily or permanently depending upon requirements such as voltage stability across wide area networks (WAN) and wide-range network connectivity etc.
Regional Analysis:
Asia Pacific portable residual current device market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing construction activities in emerging economies such as China and India owing to rising population, coupled with growing industrialization. Moreover, Asia Pacific is also one of the most lucrative markets for power distribution due its developing infrastructure sector and rapid urbanization.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing high investments in various sectors including oil & gas, mining, manufacturing etc., which will drive demand for portable residual current devices (PRCD) across industries such as oil & gas industry and mining industry. The Latin American market has also witnessed a surge in demand since past few years on account of increasing number of electricians working on renovation projects along with other home improvement tasks that require electrical wiring skills are driving regional demand for PRCDs across countries such as Brazil and Argentina among others).
Growth Factors:
- Increasing awareness about the safety hazards associated with electrical appliances and devices, and the need for protection against electric shocks.
- Growing demand for portable and easy-to-use PRCDs, especially from residential consumers.
- Rising number of electrical installation projects in commercial and industrial sectors, which is expected to drive demand for PRCDs over the next few years.
- Stringent safety regulations governing electrical installations in various countries around the world.
- Technological advancements that have led to development of more advanced and user-friendly PRCDs
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Residual Current Devices (PRCD) Market Research Report
By Type
Portable Power Outlet, Safety Switch Plug Adapter, Cord Sets
By Application
Industrial, Construction, Others
By Companies
MOLEX, Leviton Manufacturing Co, Tower Manufacturing, Emerson, ELEGRP, Eaton, Kaper, Hubbell, Legrand, Schneider, NANDAO, Ericson, Elektron Berlin, Lex Products
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Portable Residual Current Devices (PRCD) Market Report Segments:
The global Portable Residual Current Devices (PRCD) market is segmented on the basis of:
Types
Portable Power Outlet, Safety Switch Plug Adapter, Cord Sets
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
Industrial, Construction, Others
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:
- MOLEX
- Leviton Manufacturing Co
- Tower Manufacturing
- Emerson
- ELEGRP
- Eaton
- Kaper
- Hubbell
- Legrand
- Schneider
- NANDAO
- Ericson
- Elektron Berlin
- Lex Products
 Market Overview.svg)
Highlights of The Portable Residual Current Devices (PRCD) 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:
- Portable Power Outlet
- Safety Switch Plug Adapter
- Cord Sets
- By Application:
- Industrial
- Construction
- Others
- 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 Portable Residual Current Devices (PRCD) 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
 Market Statistics.svg)
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?
A Portable residual current device (PRCD) is a small, battery-powered device that can be used to detect the presence of electric currents in the environment. PRCDs are often used to monitor power lines and other electrical infrastructure.
Some of the key players operating in the portable residual current devices (prcd) market are MOLEX, Leviton Manufacturing Co, Tower Manufacturing, Emerson, ELEGRP, Eaton, Kaper, Hubbell, Legrand, Schneider, NANDAO, Ericson, Elektron Berlin, Lex Products.
The portable residual current devices (prcd) 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 Portable Residual Current Devices (PRCD) 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 Portable Residual Current Devices (PRCD) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Residual Current Devices (PRCD) 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 Portable Residual Current Devices (PRCD) 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 Portable Residual Current Devices (PRCD) Market Size & Forecast, 2020-2028
4.5.1 Portable Residual Current Devices (PRCD) Market Size and Y-o-Y Growth
4.5.2 Portable Residual Current Devices (PRCD) 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 Portable Power Outlet
5.2.2 Safety Switch Plug Adapter
5.2.3 Cord Sets
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 Industrial
6.2.2 Construction
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Residual Current Devices (PRCD) 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 Portable Residual Current Devices (PRCD) 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 Portable Power Outlet
9.6.2 Safety Switch Plug Adapter
9.6.3 Cord Sets
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 Industrial
9.10.2 Construction
9.10.3 Others
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 Portable Power Outlet
10.6.2 Safety Switch Plug Adapter
10.6.3 Cord Sets
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 Industrial
10.10.2 Construction
10.10.3 Others
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 Portable Power Outlet
11.6.2 Safety Switch Plug Adapter
11.6.3 Cord Sets
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 Industrial
11.10.2 Construction
11.10.3 Others
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 Portable Power Outlet
12.6.2 Safety Switch Plug Adapter
12.6.3 Cord Sets
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 Industrial
12.10.2 Construction
12.10.3 Others
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 Portable Power Outlet
13.6.2 Safety Switch Plug Adapter
13.6.3 Cord Sets
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 Industrial
13.10.2 Construction
13.10.3 Others
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 Portable Residual Current Devices (PRCD) Market: Competitive Dashboard
14.2 Global Portable Residual Current Devices (PRCD) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MOLEX
14.3.2 Leviton Manufacturing Co
14.3.3 Tower Manufacturing
14.3.4 Emerson
14.3.5 ELEGRP
14.3.6 Eaton
14.3.7 Kaper
14.3.8 Hubbell
14.3.9 Legrand
14.3.10 Schneider
14.3.11 NANDAO
14.3.12 Ericson
14.3.13 Elektron Berlin
14.3.14 Lex Products
