Global Ground Fault Monitoring Relays Market Insights, Forecast to 2028

A ground fault is an inadvertent contact between an energized conductor and ground or equipment frame. The return path of the fault current is through the grounding system and any personnel or equipment that becomes part of that system.
Market Analysis and Insights: Global Ground Fault Monitoring Relays Market
Due to the COVID-19 pandemic, the global Ground Fault Monitoring Relays market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, AC accounting for % of the Ground Fault Monitoring Relays global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Power segment is altered to an % CAGR throughout this forecast period.
China Ground Fault Monitoring Relays market size is valued at US$ million in 2021, while the US and Europe Ground Fault Monitoring Relays are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Ground Fault Monitoring Relays landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Ground Fault Monitoring Relays include Eaton, ABB, Littelfuse, Schweitzer Engineering Laboratories, Schneider Electric, Steven Engineering, GE, Rockwell Automation and Gigavac, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Ground Fault Monitoring Relays capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Ground Fault Monitoring Relays by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Ground Fault Monitoring Relays Scope and Segment
Ground Fault Monitoring Relays market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Ground Fault Monitoring Relays market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
AC
DC
Segment by Application
Power
Vehicle
Equipment
Other
By Company
Eaton
ABB
Littelfuse
Schweitzer Engineering Laboratories
Schneider Electric
Steven Engineering
GE
Rockwell Automation
Gigavac
Bender
Siemens
EUCHNER
Seiko Electric
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E