ARC Fault Circuit Interrupter Market Size & Growth Analysis to 2030

The global ARC fault circuit interrupter market size was valued at around USD 4 billion in 2021 and anticipated to register a significant CAGR of over 5% during the forecast period from 2022 to 2028. The increasing demand for the product in housing and commercial building due to the rising safety concern is a major factor driving the market growth. Furthermore, the rising safety concern in residential areas due to the increasing incidence of house fires due to electric short and wires breach is further expected to boost the market growth. Moreover, the mandatory requirement regarding the deployment of AFCI in both residential and commercial spaces is further anticipated to fuel the market over the forecast period.

Market Drivers:

Safety regulations and standards: Safety regulations and standards set by governments and regulatory bodies play a crucial role in driving the adoption of AFCIs. AFCIs are designed to detect and mitigate the risk of electrical arcing, which can lead to electrical fires. Regulatory requirements and building codes increasingly mandate the use of AFCIs in residential and commercial buildings to enhance electrical fire safety. The enforcement of these regulations and standards drives the demand for AFCIs.

Fire prevention and protection: Electrical arcing is a common cause of electrical fires in homes, commercial buildings, and industrial facilities. AFCIs provide advanced protection by detecting and interrupting arcing faults before they can escalate into fires. The ability of AFCIs to prevent and protect against electrical fires is a significant driving factor for their adoption, as property owners and occupants seek enhanced fire safety measures.

Increasing awareness of electrical fire hazards: The awareness of electrical fire hazards and their potential consequences has grown among homeowners, building owners, and businesses. With the increasing emphasis on fire safety, there is a greater demand for technologies that can mitigate the risk of electrical fires. AFCIs are recognized as a critical technology for preventing electrical fires caused by arcing faults, driving their adoption.

Electrical system upgrades and retrofits: As electrical systems in buildings age or require upgrades, there is an opportunity to integrate AFCIs into these systems. Many electrical contractors and installers recommend the installation of AFCIs during electrical system upgrades or retrofits. The demand for AFCIs is driven by the ongoing renovation and modernization of residential and commercial buildings, as well as retrofit projects that aim to enhance electrical safety.

Advancements in AFCI technology: Technological advancements in AFCI technology have improved their performance, reliability, and effectiveness. Manufacturers continue to innovate and develop more advanced AFCIs with enhanced sensitivity and response capabilities. These advancements include improved arc detection algorithms, better noise immunity, increased resistance to nuisance tripping, and compatibility with various electrical loads. Technological advancements make AFCIs more appealing and reliable to customers, driving their adoption.

Insurance industry requirements: Insurance companies play a significant role in influencing the adoption of safety technologies such as AFCIs. Insurance providers often incentivize or require the installation of AFCIs in residential and commercial properties to mitigate the risk of electrical fires and reduce the potential for insurance claims. The requirements and incentives provided by insurance companies drive the adoption of AFCIs.

Increasing residential construction activities: The growth in residential construction activities, driven by population growth, urbanization, and housing demand, contributes to the demand for AFCIs. Building codes and regulations in many regions now mandate the installation of AFCIs in new residential constructions to enhance electrical safety. The expansion of the residential construction sector creates a market for AFCI manufacturers and suppliers.

Consumer awareness and demand: Consumer awareness of electrical fire hazards and the importance of electrical safety has increased over time. Homeowners and occupants are increasingly seeking electrical systems and devices that provide enhanced safety features. AFCIs are gaining recognition as an essential component of electrical systems, and their inclusion is becoming a priority for consumers, driving the demand for AFCIs.

Market Snapshot:

Market Insights:

The global ARC fault circuit interrupter market is bifurcated into type, end-use, and geography. On the basis of type, the market is further segmented into branch/feeder, combination, and others. The branch/feeder segment dominated the global market in 2021 and is expected to hold a significant revenue share of around 2/3 market share by the end of the analysis period. On the flip side, the combination segment is estimated to register the fastest growth rate over the forecast period. The ability to detect both series and parallel arc protection, a broader range of arc detection, and better protection for the electric grid is expected to drive the segment growth over the forecast period.

On the basis of end-use, the global market is segmented into residential and commercial/industrial end-use. The residential segment dominated the global ARC fault circuit interrupter market in 2021 and is anticipated to hold the largest revenue share of over 2/3 market share by the end of the analysis period. The increasing adoption of the product in the residential sector and the rising government regulations regarding the deployment of AFCIs in residential buildings is a major factor driving the segment growth. The increasing incidence of house fires due to the electric short and wire breaches is further anticipated to fuel the segment growth over the forecast period.

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The ARC fault circuit interrupter comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The ARC fault circuit interrupter market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Type:

• Branch/Feeder
• Combination
• Others

By End-Use:

• Residential
• Commercial/Industrial

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global ARC fault circuit interrupter market in 2021 and anticipated to hold a significant market share of over 1/3 market share by the end of the analysis period. The rising government regulations for the deployment of AFCIs is a significant factor to drive the market growth in the region. Furthermore, the growing electrification and the increasing population are further expected to propel market growth in North America. On the flip side, the Asia Pacific is expected to register the fastest growth rate over the forecast period.

Competitive Assessment:

Some of the major market players operating in the global ARC fault circuit interrupter market are Eaton Corporation, General Electric, Siemens Industry, Inc., Legrand SA, and Schneider Electric SE. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Eaton Corporation
• General Electric
• Siemens Industry, Inc.
• Legrand SA
• Schneider Electric SE
• Leviton Manufacturing Co.
• ABB
• Fonrich New Energy
• Santon Holland B.V.
• Amphenol ICC
• M.O. Precision Controls Ltd.

Key Questions Answered by ARC Fault Circuit Interrupter Market Report

• Global ARC fault circuit interrupter market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• ARC fault circuit interrupter submarket forecasts from 2022-2028 covering the market by type, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level ARC fault circuit interrupter markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market