Portable GFCI Market Size, Share, Growth, and Industry Analysis by Type (Portable Power Outlet, Cord Sets & Safety Switch Plug Adapter), By Application (Construction Sites, Industrial Applications, Commercial Application, Residential Application & Other), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Portable GFCI Market REPORT OVERVIEW

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The global portable gfci market size was USD 414.2 Million in 2021 and market is projected to touch USD 827.9 Million by 2031, at a CAGR of 7.17% from 2021 to 2031.

An electrical device called a portable GFCI guards against electric shock. If it notices an imbalance in the current being supplied to it, it accomplishes this by cutting off the flow of electricity to the ground. By doing this, serious harm or even death may be avoided. When a regular source of power is unavailable, temporary power is a type of power that can be used. This can include activities like outdoor concerts, building sites, and disaster relief operations. Portable solar panels or generators are the two main sources of temporary power. Devices that are used to charge or maintain automotive batteries are known as automotive battery accessories.

Battery testers, jump starters, and chargers for batteries are a few examples of these. GFCIs can be hardwired into an electrical system or plugged into a regular outlet. Ground fault circuit interrupters (GFCIs) and arc fault circuit interrupters are the two different types of GFCIs (AFCIs). Although both devices are made to guard against electrical shocks, they operate in different ways. When a voltage source or current-carrying conductor makes contact with the ground, which tends to electrocute the entire surface contacting the phase wire, the GFCI is triggered.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are results of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, gfci became obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The portable gfci market has been somewhat impacted by this.

LATEST TRENDS

"Awareness of Electrical Safety to Boost the Market Growth"

The primary trend is raising consumer awareness of electrical safety, which is growing in the market. One of the most significant factors anticipated to increase the adoption rate of ground fault circuit interrupters at a significant rate during the forecast period is the rise in safety awareness among consumers toward protecting electrical appliances from electrical fire hazards and to prevent electrocution. Electrical Safety Foundation International (ESFI) is wholly committed to promoting electrical safety in both residential and commercial settings. The demand for protecting consumer health and the rising popularity of sensing technologies are the two main factors influencing the growth of the ground fault circuit interrupter (GFCI) market. Additionally, due to the National Electrical Code (NEC) Hazard Protection Standards mandate and the rising demand for electrical fire protection in recent years, governments are urging people to install GFCIs in their homes. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increase in awareness of electrical safety of product in will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Portable GFCI Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Portable Power Outlet, Cord Sets & Safety Switch Plug Adapter.

• By Application

Based on the market is categorized into Construction Sites, Industrial Applications, Commercial Application, Residential Application & Other.

DRIVING FACTORS

"Urban Farming that Gives the Market Extra Boost"

The gfci market is expected to grow more in the coming year. Urban farming is the primary factor driving the market's growth. Over the forecast period, this segment's growth is anticipated to benefit from the growing demand for urban farming. Construction, automotive, and electronics are just a few of the industries that use electric power tools. Worldwide demand for portable GFCI, temporary power, and automotive battery accessories has been driven by rising use in home appliances. The add-on component, also referred to as the automotive battery accessory, can be used with a lead-acid battery to improve the battery's effectiveness and overall performance. These accessories are typically used to shield automotive batteries from harm or an excessive charge. Voltage regulators, battery monitors, and battery chargers are the three most popular kinds of automotive battery accessories. Among other things, recreational vehicles include motorcycles, go-karts, race cars, and ATVs. Over the forecast period, it is anticipated that growing leisure activities like dirt biking will increase product demand. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing urban farming will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall portable gfci market growth.

"Bathroom Application to Encourage Market Expansion"

The market is also being helped by bathroom applications. The demand for swimming pools, high-tech bathrooms, hot tubs, and other products is expected to rise during the forecast period, as are the number of accidental electrocution cases in water-based environments. Additionally, the NEC code specifies that GFCI installation is required in bathrooms, swimming pools, hot tubs, sinks, and garden water supplies. Portable GFCI, emergency lighting and communication devices, and automotive battery accessories all use temporary power as their energy source. It is also referred to as auxiliary power or backup power. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Installation of Products to Impede Market Expansion"

The cost and installation of products is the main barrier to the market. The main factor limiting the growth of portable gfci during the forecast period is the lack of awareness regarding installation. A significant factor in limiting market expansion is the product's high cost and maintenance requirements. The overall market sales are impacted by this. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Portable GFCI Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for portable gfci in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in construction sites, industrial applications, commercial application & residential application is boosting the portable gfci market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Hubbell (U.S.)
• Leviton (U.S.)
• Tower Manufacturing Co (U.S.)
• Sensient Technologies (U.S.)
• Doehler (Germany)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of portable gfci industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.