Stratview Research has published a new report on the GFCI Receptacles Market, segmented by Type (Fixed Type, Mobile Type), By Application (Commercial, Residential, Industrial), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global GFCI receptacles market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.

Market Highlights

Significant adoption of GFCI receptacles over traditional receptacles to offer protection from short circuits along with the measures taken by the government to promote the adoption of GFCIs at commercial and residential applications, which augment the market growth in the following years. However, lack of awareness about the installation is the major factor hampering the industry growth during the review period.

COVID-19 Impact on GFCI Receptacles Market

The COVID-19 outbreak has moderately affected the GFCI receptacles industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Owing to the worsening pandemic situation, the market dynamics have changed to a great extent. The nations’ lockdown and other government restrictions are affecting the economies over the globe.

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Segmentation –

This report studies the GFCI Receptacles Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Application Trends

Based on application, the GFCI receptacles market is categorized into commercial, residential, and industrial. The commercial segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. The extensive grid modernization activity taking place across the commercial sector to replace the old age circuit is expected to provide a better opportunity for different GFCI manufacturers in the coming years, thereby bolstering the segment growth.

Regional Trends

By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of consumer electronics and semiconductor companies in South Korea, China, Taiwan, and Japan. Also, the growing demand for effective and efficient electrical load management systems from the rapidly growing industrial sector further proliferates the regional market growth.

Key Players:

Following are the key players in the GFCI Receptacles Market:

  • Hubbell (US)
  • Leviton (US)
  • Pass & Seymour (US)
  • Eaton (Ireland)
  • Emerson (US)
  • Snapconnect (Netherlands)
  • Myers Electric (US)
  • Bryant Service (US)
  • The Reynolds Company (US)
  • R&R Supply Company (US).

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