Portable Ground Fault Circuit Interrupter (GFCI) Market - Forecasts from 2023 to 2028

The global portable GFCI market is expected to grow at a CAGR of 7.28% during the forecast period

A portable Ground Fault Circuit Interrupter (GFCI) is an electrical safety device that prevents electrical shock by detecting an imbalance in the current. Portable GFCIs can be easily moved from one location to another, making them ideal for use in various settings, including construction sites, outdoor events, and workshops. A Portable GFCI can be plug-in or inline type and can be used in residential, commercial, and industrial applications. The increasing awareness of electrical safety, the growing number of buildings, and stringent safety regulations by the government will boost the demand for portable GFCI, thereby propelling their market growth.

The increasing number of residential and commercial buildings will boost the growth of the portable GFCI market

Portable GFCIs protect against electrical shocks and electrocution by monitoring the electrical current flowing through a circuit and interrupting the power when it detects a current imbalance or ground fault. Residential consumers use portable GFCIs for outdoor activities or wet environments, such as swimming pools or bathrooms, to protect themselves from electrical shock. Commercial organizations require a safe working environment for their employees, and portable GFCIs are becoming increasingly common in commercial settings to protect workers and customers from electrical hazards. Demand for portable GFCI is expected to increase owing to the increasing number of residential and commercial buildings. According to the Associated General Contractors of America (AGC), total construction spending increased by 0.5 per cent in August 2023, driven by investments in infrastructure projects and other commercial and public construction. According to the National Association of Home Builders (NAHB), home construction in the US increased in 2020 compared to the previous year. Also, the growing number of electrocution accidents is expected to act as an additional driving factor. According to the National Fire Protection Association (NFPA), in 2020, 126 workers died due to electrical malfunction in the USA. In 2020, the Electrical Safety Foundation International (ESFI) reported that 1738 workplace fatalities occurred globally due to electric current shocks. This demonstrates that portable GFCI hold a great demand in the future.

The increasing government regulations for safety will boost the growth of the portable GFCI market

Governments worldwide are focusing more on safety regulations and standards, and there is a growing emphasis on using portable GFCIs to protect workers and consumers from electrical hazards. The demand for portable GFCIs is expected to increase as safety regulations become more widespread and stringent. In 2020, the National Electrical Code (NEC) expanded requirements for the use of GFCIs in the USA to prevent electric shock, and the code requires GFCI protection for all 125-volt, single-phase, 15- and 20-ampere receptacles installed outdoors and in unfinished basements, crawl spaces, kitchens, and bathrooms.

The North American region is expected to hold a significant market share during the forecast period

North America is expected to retain a considerable market share as it has a well-established construction industry that requires GFCIs for safety and a high level of awareness about safety among consumers. In November 2021, the government of the USA launched the "Infrastructure Investment and Jobs Act," which provides $1.2 trillion in funding for infrastructure projects across the country, including the construction and renovation of buildings. In 20222, amendment 17 to the Energy Efficiency Regulations was published in the Canada Gazette, Part II on December 21 which included new energy efficiency standards for various products. The new standards require that portable GFCIs sold in Canada meet certain energy efficiency requirements, encouraging manufacturers to produce more efficient and cost-effective models. Adopting portable GFCIs in buildings and favourable government regulations for safety are expected to propel regional market growth.

Market Developments:

• January 2023: Molex, a global electronics leader and connectivity innovator, launched a new portable GFCI called "Super-Safeway GFCI," with the highest industrial protection level against high-pressure and high-temperature.

Market Segmentation:

By Type

• Plug-In
• Inline

By Product Type

• Adaptors
• Plugs
• Extension Cords

By End-Users

• Residential
• Commercial
• Industrial

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Others