The global arc fault detection devices market is expected to reach USD 122.4 million in 2021. Demand for the market is estimated to rise at an astronomical CAGR of 8.6% from 2021 to 2031. Further, the arc fault detection devices market analysis forecasts the market to surge to USD 256.6 million by the end of the year 2031.
Global Arc Fault Detection Devices Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 113.6 million |
| Estimated Size, 2021 | USD 122.4 million |
| Projected Size, 2031 | USD 256.6 million |
| Value-based CAGR (2021 to 2031) | 8.6% |
Arc Fault Detection Devices have a big impact on enhancing electrical safety. They detect and reduce the risks associated with arc faults, which often start electrical fires. An arc fault occurs when electrical current jumps across a gap. This occurs because of damaged wires, loose connections, or faulty appliances. These faults can create intense heat. If undetected, they can set fire to things nearby causing blazes.
Arc Fault Detection Devices spot unique electrical signatures of arc faults and disconnect the circuit before a fire can start. Unlike standard circuit breakers or fuses that react to overcurrent conditions, AFDDs can pick up on the uneven patterns of current flow that show an arc fault. This ability to detect faults plays a key role in stopping fires in places where wiring might get damaged such as old buildings, or in setups with lots of electrical gadgets.
The growing importance of AFDDs has made a mark on electrical safety standards around the world. More and more countries are now adding AFDDs to their building codes and regulations for residential, commercial, and public spaces. Putting AFDDs in place has an impact on lowering the chance of electrical fires, offering better protection for both property and lives.
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Broken wires, crushed cables, loose connections and worn insulation causes hidden arc faults in an electrical circuit. With the help of arc fault circuit interrupter, the faulty circuit can be isolated by detecting the Arc fault.
These faults occur in hidden places like inside walls, damaged cables, outlet sockets and loose connection. The circuit breaker AFDD cuts the electricity supply automatically and prevent the electrical arcs from reaching temperature where fire can take place. Such benefits are contributing to the growth of arc fault detection devices.
These Devices are capable of finding a difference between normal and dangerous Arcs. The electrical arcs in motor-driven vacuum cleaners, furnace motors and light switches can be analyzed by monitoring circuits. These devices are able to sense hundreds of different operating conditions. Such factors are driving the demand of arc fault detection devices.
There is an increase in the demand of arc fault detection devices in residential, business and industrial applications. Especially businesses are installing these devices in consumer units to provide protection from electrical arcs. Hotels have premises with sleeping accommodation and there is an increased risk of fire. In such cases, hotels are adopting these devices to protect themselves.
Residential homes are also moving towards arc fault circuit interrupter for safety factors like property or items with high sentimental value, save a life and others. These devices are available at low cost and adopted by residential homes for lifetime. Such trends will help the arc fault detection devices to grow in upcoming years.
Principal Consultant
The global market of arc fault detection devices is presently dominated by North America as the region has already adopted this technology a long ago. United States is moving in a positive direction for electrical safety. Buildings such as hotels and retirement homes are adopting arc fault detection devices in large number for enhancement in safety.
Most of the key vendors are located in the North America region and have a high competition among the new players. There has been a significant reduction for electrical fault incidents in North America region. At the back of these factors, the AFDD market in the region will grow at a significant rate.
Residential homes, business and manufacturing businesses in Europe are moving towards the adoption of arc fault detection devices for enhancement in safety. Government and safety authorities are recognizing that defective electrical systems can pose a serious threat of fire risks to buildings and occupants.
So, they are focusing on AFDD for electrical installations in the UK for protection of persons, livestock and property against the risk from fires. This will further impel the expansion of AFDD solutions in Europe and drive the market demand during the forecast period.
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Some of the leading vendors of arc fault detection devices include
Key players in the market are focusing on expanding and deploying new lineup of arc fault detection devices solutions to meet rising demands from various end-user industries. These companies largely focuses on strategic acquisitions to broaden its product offerings.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Arc Fault Detection Devices Market
