What is Earth Leakage Protection Market?
Earth leakage arises because of a partial or full breakdown of insulation of supply material such as wire and the ground. It causes electric shocks during the usage of electric equipment. Earth leakage accidents can cause disasters, leading to human life and/or property loss. Earth leakage protection circuits an important role in preventing such accidents. Increasing awareness about the availability and usage of earth leakage protection circuits is propelling the growth of the global earth leakage protection market in the forecast period.
The market study is being classified by Type (Voltage-Operated (ELCB) and Current Sensing Sevices (RCD/RCCB)), by Application (L.T Control Panel, Switch Board, Motors, Mobile Operating Equipment, Control Engineering and Others) and major geographies with country level break-up.
ABB (Switzerland), Schneider Electric (France), Honeywell (United States), Siemens AG (Germany), Eaton Corporation (Ireland), Legrand (France), Fuji Electric (Japan), Mitsubishi Electric Corporation (Japan), Hitachi Industrial Equipment Systems Co., Ltd (Japan), Broyce Control (United Kingdom), DAQRI (United States) and Littelfuse Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Beckwith Electric Co. Inc. (United States), ZIV Inc. (Spain), ERL Phase Power Technologies Ltd. (Canada), Schweitzer Engineering Laboratories (United States) and NR Electric Co., Ltd. (China).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Earth Leakage Protection market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Earth Leakage Protection market by Type, Application and Region.
On the basis of geography, the market of Earth Leakage Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Electric Power across the Globe
- The upswing in Power and Infrastructure Projects in Emerging Regions
- Rising Adoption of Automation
- Lack of Product Differentiation and Innovation
- Rapidly Growing Demand for Renewable Energy Sources
- Fluctuating Raw Material Prices
Market Leaders and some development strategies
On 15th December 2020, Eaton has announced that it has signed an agreement to acquire a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region. HuanYu High Tech had 2019 sales of USD 106 million and has production operations in Wenzhou, China.
On 7th January 2021, ABB India has launched Formula DIN-Rail, a complete range of Miniature Circuit Breakers (MCBs), residual current circuit breakers (RCCBs), and Isolators for the electrical retail market which is estimated to be worth 250 million USD in India.
Key Target AudienceEarth Leakage Protection Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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