Global Digital Temperature and Humidity Sensor Market: is expected to grow at a CAGR of 7.01% during the forecast period. Global Ground Fault Circuit Interrupter (GFCI) Market is expected to reach US$ 3.81 Bn. by 2029.

Global Digital Temperature and Humidity Sensor Market Overview:

When a voltage source or current-carrying conductor makes contact with the ground, which tends to electrocute the entire surface contacting the phase wire, the GFCI is triggered. Global Digital Temperature and Humidity Sensor Market By tripping the circuit when it detects an excessive amount of returning current to the supply's mainframe, the GFCI safeguards anyone who mistakenly comes into contact with an electrified surface. Additionally, GFCI promptly cuts off the power supply when a ground fault is found, adding an additional layer of safety against electrical fire and other dangers. The main element taken into consideration to fuel the market's expansion over the projection period is primary protective cover from risks. During the projected period, the market for ground fault circuit interrupters is anticipated to grow at a CAGR of almost 6.4%.



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Market Scope:

The necessity to protect consumer health and the rising popularity of sensing technologies are the two main reasons influencing the growth of the ground fault circuit interrupter (GFCI) market. The National Electrical Code (NEC) Hazard protection standards mandate and the rising demand for electrical fire protection in the commercial and residential sectors are the key supporting factors thought to propel the market's growth. Governments are also urging people to install GFCIs in their homes. For round-the-clock ground fault prevention in 2021, Leviton has introduced the Smartlock Pro GFCI combo (4.8A) charger.

The biggest problem thought to be impeding the market's growth is the relatively high cost of GFCI maintenance. Additionally, the growing demand for GFCI charging ports



Segmentation:

by Product Type
• Portable GFCI

• Receptacle Type GFCI

By End-User
• Electric harvester

• Hand held electric tools

• Electric pumps

• Others

by Distribution Channels

• Offline

o Company outlets

o Specialty stores

• Online

o E commerce

o Company websites

by Application,

• Underwater pool lighting

• Kitchen receptacles

• Bathroom receptacles

• Outdoor receptacles

• Garage receptacles

• Utility sinks

• Wet bar sinks

• Garden equipment

• Construction locations

Global Digital Temperature and Humidity Sensor Market: Research Methodology


Global Digital Temperature and Humidity Sensor Market: Executive Summary
Market Overview and Definitions
Introduction to Global Digital Temperature and Humidity Sensor Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry


Global Digital Temperature and Humidity Sensor Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact


Global Digital Temperature and Humidity Sensor Market Segmentation
Global Digital Temperature and Humidity Sensor Market, by Product Type (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by End-User (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Distribution Channel (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Application (2021-2029)


Global Digital Temperature and Humidity Sensor Market(2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Product Type (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by End-User (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Distribution (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Application (2021-2029)
Global Digital Temperature and Humidity Sensor Market, by Country (2021-2029)


Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments




Key Players:

• Leviton

• Eaton

• ABB

• Hubbell Wiring Device- Kellems

• Siemens AG

• Tower Production

• Molex Integrated

• Lex Products

• Schneider Electric

• Emerson Electric Co.

• Defond Group

• NANDAO

• ELEGRP

• Altech Group

• Tecmark Corporation

• Sensata Technologies

• Littlefuse, Inc.

• Thermon, Inc.

• Legrand

• I-Guard Corporation.

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Regional Analysis:

North America holds the major share in the Ground Fault Circuit Interrupter (GFCI) market with approximately 36% market share. Well-established semiconductor and IT sectors across the region are the key factors considered to drive the market growth. Moreover, increasing inclination of manufacturers towards research and development in the Ground Fault Circuit Interrupter (GFCI) manufacturing is the key supporting factor considered to drive the growth of the market. The USA dominates the market with approximately 60% market share owing to rising awareness regarding electrical fire hazards in the country and high adoption of government initiatives towards fireproofing technologies.

• North America

 US

 Canada

• Europe

 UK

 France

 Germany

 Italy

 Spain

 Norway

 Russia

• Asia Pacific

 China

 India

 Japan

 South Korea

 Australia

 Malaysia

 Indonesia

COVID-19 Impact Analysis on Global Digital Temperature and Humidity Sensor Market: Covid pandemic has posed a high impact on the market as semiconductors manufacturers have sustained heavy damage during the pandemic period. As ICs and circuit breakers are the basic components of GFCI and IC manufacturing has halted during the pandemic, ultimately, the supply chain for the manufacturing of GFCI products has disrupted during the pandemic period owing to lockdown restrictions. Furthermore, less supply to inventories across the globe owing to transportation and shipments failure during the pandemic is the key supporting factor considered to hamper the growth of the market.

Key Questions Answered in the Global Digital Temperature and Humidity Sensor Market Report are:

1. Which region has the largest share in Global Ground Fault Circuit Interrupter (GFCI) Market?
Ans: North America region held the highest share in 2021.
2. What is the growth rate of Global Ground Fault Circuit Interrupter (GFCI) Market?
Ans: The Global Ground Fault Circuit Interrupter (GFCI) Market is growing at a CAGR of 7.01% during forecasting period 2022-2029.
3. What is scope of the Global Ground Fault Circuit Interrupter (GFCI) Market report?
Ans: Global Ground Fault Circuit Interrupter (GFCI) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Ground Fault Circuit Interrupter (GFCI) Market?
Ans: The important key players in the Global Ground Fault Circuit Interrupter (GFCI) Market are – Leviton, Eaton, ABB, Hubbell Wiring Device- Kellems, Siemens AG, Tower Production, Molex Integrated, Lex Products, Schneider Electric, Emerson Electric Co., Defond Group, NANDAO, ELEGRP, Altech Group, Tecmark Corporation, Sensata Technologies, Littlefuse, Inc., Thermon, Inc., Legrand, and I-Guard Corporation.
5. What is the study period of this Market?
Ans: The Global Ground Fault Circuit Interrupter (GFCI) Market is studied from 2021 to 2029.


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