Global Residual Current Circuit Breaker Rccb Market Size 2024, Forecast To 2033
8 Mar, 2024
The residual current circuit breaker (RCCB) market has seen robust growth, rising from $2.29 billion in 2023 to $2.47 billion in 2024, with a CAGR of 8.0%. This growth is attributed to factors such as electrical safety regulations, rising construction activities, and increasing awareness of electrical safety. Looking ahead, the market is expected to continue its strong growth, reaching $3.24 billion in 2028, with a CAGR of 7.0%. Factors driving this growth include urbanization and infrastructure expansion, focus on green building standards, and renewable energy growth. Major trends in the forecast period include compact and modular design trends, increased deployment in industrial and commercial sectors, and efforts toward energy efficiency.
Global Residual Current Circuit Breaker RCCB Market Key Driver
The increase in building operations is poised to boost the growth of the residual current circuit breaker (RCCB) market. RCCBs play a critical role in ensuring electrical safety in buildings, preventing electric shocks in case of earth faults. With a significant increase in privately-owned dwelling units and home completions in the US, as reported by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the demand for RCCBs is expected to surge, driving market expansion.
Get A Free Sample Of The Global Residual Current Circuit Breaker RCCB Market ReportGlobal Residual Current Circuit Breaker RCCB Market Segments
The residual current circuit breaker (rccb) market covered in this report is segmented –
1) Type:Type AC, Type A, Type F, Type B, Other Types
2) Network Type:2 Pole, 3 Pole, 4 Pole
3) Power Input:Single Phase Residual Current Circuit Breaker, Three Phase Residual Current Circuit Breaker
4) Application:Residential, Commercial, Industrial
By Geography: The countries covered in the residual current circuit breaker (rccb) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the residual current circuit breaker (RCCB) market in 2023. The regions covered in the residual current circuit breaker (rccb) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Residual Current Circuit Breaker RCCB Industry Players
Siemens AG; GE Industrial Solutions; Schneider Electric SE; Honeywell International Inc.; Mitsubishi Electric Corporation; ABB Group; Eaton Corporation; Shanghai Electric Group Company Limited; TE Connectivity Corporation; LeGrand SA; Rockwell Automation Inc.; Fuji Electric Co. Ltd.; CHINT Group; WEG S.A.; Hager Group; Havells India Ltd.; HD Hyundai Electric Co. Ltd.; Noark Electric; Socomec Inc.; Crompton Greaves Consumer Electrical Ltd.; Meiji Electric Industries Co. Ltd.; Gewiss SpA; Zhejiang Tengen Electric Co. Ltd.; Terasaki Electric Co. Ltd.; AEG Power Solutions; HPL Electric & Power Ltd.; L&T Electrical & Automation; BCH Electric Limited; Hensel Electric India Pvt. Ltd.; LS Electric Co. Ltd.
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Residual Current Circuit Breaker RCCB Market Overview
A residual current circuit breaker, or RCCB, refers to a device that detects current and disengages any low-voltage circuit in the event of a malfunction. It may automatically measure and terminate the circuit if a flaw arises in the linked circuit or the current exceeds the rated sensitivity.