RCCB Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Need for Protection from Current Leakage to Ensure Rapid Growth for Residual Current Circuit Breaker (RCCB) Market

Globally, the RCCB market is projected to grow with a CAGR of 7.3% during the forecast period. RCCB is power input of circuit breaker devices, which senses current and disconnects the circuit if there is any low voltage or unbalanced current whenever any fault occurs. These devices protect the human’s life from shocks by disconnecting the main circuit within seconds during a short circuit. The RCCB work on the Kirchhoff’s Current Law that is the value of the inward current must be equivalent to the outbound current; if the condition does not meet, the circuit will trip and breaks the current flow.

There are various benefits of using RCCB as it offers protection from earth fault in addition to any leakage current, secondly, it automatically detaches the circuit when there is high rate sensitivity, which leads to protecting the circuit from further damage and reduces the chances of fire. It also offers the possibility of double termination both for busbar and cables connections. These features drive the adoption of RCCB for various end-use applications. Additionally, the increasing investments by various companies, organizations, and government in power and energy sector for renewable energy production also boost in the growth of the market.

RCCB in Type A in its Product Type Segment Continue Dominating the Market

In 2020, the overall RCCB market was led by Type A segment contributing to more than 1/4th of the market revenue globally. Type A is one of the largest segment which is highly popular in the RCCB market due to their ability to offer additional protection to Type AC since Type AC is very sensitive type which can get easily damaged.

North America Dominates the Market by Region

RCCB market was led by North America as various key players based on US and Canada such as Honeywell International Inc., Rockwell Automation, Inc., and others, which are investing highly in research and development for introducing new products. North America holds more than 29.0% of the market in 2020. Additionally, the presence of high economic countries such as the US and Canada in the region drives the market. However, Asia-Pacific region is expected to be the fastest-growing market due to increasing infrastructure development in the region.

Some of the prominent players operating in the RCCB market include ABB Ltd., Siemens AG, Honeywell International Inc., Schneider Electric SE, Eaton Corporation Inc, Hager Group, Havells India Ltd., HPL Electric & Power Limited, Gewiss S.p.A., Rockwell Automation, Inc., Legrand SA, L&T Limited among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The RCCB market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global RCCB market based on network type, power input, product type, end use, and geography. Key segments covered in the report are as follows:

Network Type Segment (2019-2029; US$ Bn)

• 2 Pole RCCB
• 3 Pole RCCB
• 4 Pole RCCB

Product Type Segment (2019-2029; US$ Bn)

• Type AC
• Type A
• Type F
• Type B
• Type B+

Power Input (2019-2029; US$ Bn)

• Single Phase
• Three Phase

End Use (2019-2029; US$ Bn)

• Residential
• Commercial
• Industrial

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of RCCB in 2020 and forecast up to 2029?
• Which is the largest regional market for various end-use applications?
• What are the major trends followed in RCCB market across different regions?
• Who are the key RCCB companies leading the market?
• What are the key strategies adopted by the leading RCCB companies in market?

Unique data points of this report

• Statistics on RCCB penetration and spending worldwide
• Recent trends across different regions in terms of adoption of RCCB
• Notable developments going on in RCCB market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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