The Business Research Company’s Residual Current Circuit Breaker (RCCB) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Residual Current Circuit Breaker (RCCB) Global Market Report 2023 evaluates residual current circuit breaker (RCCB) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global residual current circuit breaker (RCCB) market is expected to grow from $2.11 billion in 2022 to $2.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The residual current circuit breaker (RCCB) market is expected to reach $3.01 billion in 2027 at a CAGR of 7.1%.
The increase in building operations is expected to boost the growth of the residual current circuit breaker (RCCB) market going forward. Building operations refer to tasks to manage, maintain, and operate buildings. RCCBs are used in building electrical systems to ensure that the circuit trips quickly in the event of an earth fault, and the user is therefore protected from receiving an electric shock. For instance, according to a report published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government agencies, in 2023, the number of privately-owned dwelling units approved by building permits in May 2023 was 1,491,000 annually. The number of privately-owned home completions in May was 1,518,000 on a seasonally adjusted yearly basis. This is 5.0% over the May 2022 rate of 1,446,000 and 9.5 % above the revised April estimate of 1,386,000. Therefore, the increase in building operations is driving the growth of the residual current circuit breaker (RCCB) market.
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The residual current circuit breaker (RCCB) market segments in the report are:
1) By Type: Type AC, Type A, Type F, Type B, Other Types
2) By Network Type: 2 Pole, 3 Pole, 4 Pole
3) By Power Input: Single Phase Residual Current Circuit Breaker, Three Phase Residual Current Circuit Breaker
4) By Application: Residential, Commercial, Industrial
The table of contents in TBRC’s residual current circuit breaker (RCCB) market report includes:
- Executive Summary
- Residual Current Circuit Breaker (RCCB) Market Characteristics
- Residual Current Circuit Breaker (RCCB) Market Trends And Strategies
- Residual Current Circuit Breaker (RCCB) Market – Macro Economic Scenario
- Residual Current Circuit Breaker (RCCB) Market Segmentation.
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- Global Residual Current Circuit Breaker (RCCB) Market Competitive Benchmarking
- Global Residual Current Circuit Breaker (RCCB) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Residual Current Circuit Breaker (RCCB) Market
- Residual Current Circuit Breaker (RCCB) Market Future Outlook and Potential Analysis
- Appendix
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