Global residual current monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for residual current monitoring systems in power, automotive, metals and mining industries. The power industry is expected to be the largest contributor in terms of revenue generation during the forecast period. Residual current monitoring systems are used as an additional safety measure for protection against electric shock hazards and arc flash hazards in industrial settings such as power plants, substations and distribution networks.
- The need for safety in the workplace is increasing as more and more people are working from home or remotely.
- The need for safety in the home is also increasing as more and more people are living alone or with only one other person.
- As technology advances, it becomes easier to install a Residual Current Monitoring System at a lower cost than ever before, which will increase demand for these systems in homes and workplaces alike.
- As the population ages, there will be an increased demand for Residual Current Monitoring Systems to protect against electrical shock hazards that can lead to injury or death of older adults who may not be able to get up after being shocked by electricity on the ground floor of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off the ground floor after being shocked by electricity on that level of their house or apartment building where they live alone without assistance from others nearby who could help them get up off.
- There is an increased awareness about electrical shock hazards among consumers due to recent media coverage about these hazards.
Industry Growth Insights published a new data on “Residual Current Monitoring System Market”. The research report is titled “Residual Current Monitoring System Market research by Types (Single-Channel, Multi-Channel), By Applications (Power, Automotive, Metals, Mining, Others), By Players/Companies ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, Siemens”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residual Current Monitoring System Market Research Report
By Type
Single-Channel, Multi-Channel
By Application
Power, Automotive, Metals, Mining, Others
By Companies
ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, Siemens
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Residual Current Monitoring System Market Report Segments:
The global Residual Current Monitoring System market is segmented on the basis of:
Types
Single-Channel, Multi-Channel
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
Power, Automotive, Metals, Mining, 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:
- ABB
- Bender
- Janitza electronics
- PHOENIX CONTACT
- Schneider Electric
- Siemens
Highlights of The Residual Current Monitoring System 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:
- Single-Channel
- Multi-Channel
- By Application:
- Power
- Automotive
- Metals
- Mining
- 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 Residual Current Monitoring System 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
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- 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?
Residual current monitoring system (RCMS) is a safety device used to detect the presence of residual currents in electrical circuits. These currents can be dangerous if they flow unchecked and can cause fires or other injuries.
Some of the major players in the residual current monitoring system market are ABB, Bender, Janitza electronics, PHOENIX CONTACT, Schneider Electric, Siemens.
The residual current monitoring system market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residual Current Monitoring System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residual Current Monitoring System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residual Current Monitoring System Market - Supply Chain
4.5. Global Residual Current Monitoring System Market Forecast
4.5.1. Residual Current Monitoring System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residual Current Monitoring System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residual Current Monitoring System Market Absolute $ Opportunity
5. Global Residual Current Monitoring System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Residual Current Monitoring System Market Size and Volume Forecast by Type
5.3.1. Single-Channel
5.3.2. Multi-Channel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residual Current Monitoring System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Residual Current Monitoring System Market Size and Volume Forecast by Application
6.3.1. Power
6.3.2. Automotive
6.3.3. Metals
6.3.4. Mining
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residual Current Monitoring System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Residual Current Monitoring System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Residual Current Monitoring System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Residual Current Monitoring System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Residual Current Monitoring System Demand Share Forecast, 2019-2026
9. North America Residual Current Monitoring System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Residual Current Monitoring System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Residual Current Monitoring System Market Size and Volume Forecast by Application
9.4.1. Power
9.4.2. Automotive
9.4.3. Metals
9.4.4. Mining
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residual Current Monitoring System Market Size and Volume Forecast by Type
9.7.1. Single-Channel
9.7.2. Multi-Channel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Residual Current Monitoring System Demand Share Forecast, 2019-2026
10. Latin America Residual Current Monitoring System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Residual Current Monitoring System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Residual Current Monitoring System Market Size and Volume Forecast by Application
10.4.1. Power
10.4.2. Automotive
10.4.3. Metals
10.4.4. Mining
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residual Current Monitoring System Market Size and Volume Forecast by Type
10.7.1. Single-Channel
10.7.2. Multi-Channel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Residual Current Monitoring System Demand Share Forecast, 2019-2026
11. Europe Residual Current Monitoring System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Residual Current Monitoring System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Residual Current Monitoring System Market Size and Volume Forecast by Application
11.4.1. Power
11.4.2. Automotive
11.4.3. Metals
11.4.4. Mining
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residual Current Monitoring System Market Size and Volume Forecast by Type
11.7.1. Single-Channel
11.7.2. Multi-Channel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Residual Current Monitoring System Demand Share, 2019-2026
12. Asia Pacific Residual Current Monitoring System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Residual Current Monitoring System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Residual Current Monitoring System Market Size and Volume Forecast by Application
12.4.1. Power
12.4.2. Automotive
12.4.3. Metals
12.4.4. Mining
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residual Current Monitoring System Market Size and Volume Forecast by Type
12.7.1. Single-Channel
12.7.2. Multi-Channel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Residual Current Monitoring System Demand Share, 2019-2026
13. Middle East & Africa Residual Current Monitoring System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Residual Current Monitoring System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Residual Current Monitoring System Market Size and Volume Forecast by Application
13.4.1. Power
13.4.2. Automotive
13.4.3. Metals
13.4.4. Mining
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residual Current Monitoring System Market Size and Volume Forecast by Type
13.7.1. Single-Channel
13.7.2. Multi-Channel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Residual Current Monitoring System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residual Current Monitoring System Market: Market Share Analysis
14.2. Residual Current Monitoring System Distributors and Customers
14.3. Residual Current Monitoring System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bender
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Janitza electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PHOENIX CONTACT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook