Ground Fault Sensor Market - Regional Analysis
North America Market Insights
North America industry is likely to account for largest revenue share of 30% by 2035. The region is the domicile of a large number of construction and manufacturing industries, where ground fault sensors are used extensively. Again, the region also has a powerful existence of regulatory bodies that set rigorous safety standards for electrical installations, which further drives the demand for ground fault sensors.
For instance, In the United States, the National Electrical Code, or NFPA 70, specifies safe wiring and equipment installation procedures for electrical wiring and equipment. These safety standards require the implementation of ground fault sensors to detect electrical faults in the ground and alert the user of any potential hazards.
APAC Market Insights
By the end of 2035, Asia Pacific region in ground fault sensor market is anticipated to dominate around 25% revenue share. The market’s expansion can be propelled majorly by the increasing demand for renewable energy sources, the growing need for reliable power systems, and the rising number of grid-connected renewable power plants.
For instance, to increase its renewable energy capacity to almost 4 terawatts by 2030—more than three times its 2022 total—China plans to construct more than 200 of these bases. To identify and interrupt ground faults, solar inverters need to be equipped with a ground fault detection and interruption (GFDI) device.
