RCCB Market By Product Type (Type AC, Type A, Type F, Type B, Type B+), By Network Type (2 Pole RCCB, 3 Pole RCCB, 4 Pole RCCB), By End-User (Residential, Commercial, Industrial), By Power Input (Single Phase, Three Phase) – Growth,Future Prospects and Competitive Analysis, 2019 – 2027

Need for Protection from Current Leakage to Ensure Rapid Growth for the Residual Current Circuit Breaker (RCCB) Market

Globally, the RCCB market is projected to grow with a CAGR of 7.3% during the forecast period. RCCB is the power input of circuit breaker devices, which sense current and disconnect the circuit if there is any low voltage or unbalanced current whenever any fault occurs. These devices protect humans from shocks by disconnecting the main circuit within seconds during a short circuit. The RCCB works on Kirchhoff's current law, which states that the value of the inward current must be equivalent to the outward current; if the condition is not met, the circuit will trip and break the current flow.

There are various benefits of using an RCCB, as it offers protection from earth faults in addition to any leakage current; secondly, it automatically detaches the circuit when there is high rate sensitivity, which leads to protecting the circuit from further damage and reducing the chances of fire. It also offers the possibility of double termination for both busbar and cable connections. These features drive the adoption of RCCB for various end-use applications. Additionally, the increasing investments by various companies, organizations, and governments in the power and energy sectors for renewable energy production also boost the market's growth.

Market Synopsis

RCCB in Type A in its Product Type Segment Continue Dominating the Market

In 2018, the overall RCCB market was led by the Type A segment, which contributed to more than 1/4th of the market revenue globally. Type A is one of the largest segments and is highly popular in the RCCB market due to its ability to offer additional protection to Type AC, which is a very sensitive type that can get easily damaged.

North America Dominates the Market by Region

The RCCB market was led by North America, as various key players based in the US and Canada, such as Honeywell International Inc., Rockwell Automation Inc., and others, were investing heavily in research and development for introducing new products. North America held more than 29.0% of the market in 2018. Additionally, the presence of high-income countries such as the US and Canada in the region drives the market. However, the Asia-Pacific region is expected to be the fastest-growing market due to increasing infrastructure development in the region.

Some of the prominent players operating in the RCCB market include ABB Ltd., Siemens AG, Honeywell International Inc., Schneider Electric SE, Eaton Corporation Inc., Hager Group, Havells India Ltd., HPL Electric & Power Limited, Gewiss S.p.A., Rockwell Automation, Inc., Legrand SA, and L&T Limited, among others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The RCCB market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global RCCB market based on network type, power input, product type, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of RCCB in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for various end-use applications?
• What are the major trends followed in the RCCB market across different regions?
• Who are the key RCCB companies leading the market?
• What are the key strategies adopted by the leading RCCB companies in the market?

Unique data points of this report

• Statistics on RCCB penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of RCCB
• Notable developments are going on in the RCCB market.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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