A highly organized market for residual current circuit breaker is thoroughly assessed by Future Market Insights in its newly published research intelligence outlook, presented for a 10-year period 2018-2028. Nearly 75% share of the global landscape is occupied by the organized sector, i.e. the Tier 1 and Tier 2 players. “Towards the end of 2020, the global revenue of residual current circuit breaker landscape is likely to cross the US$ 2 billion mark, witnessing over 6% year on year growth each year post 2020,” explains a senior analyst at FMI. Elaborating further on the key impact factors shaping the revenue growth of residual current circuit breaker market, the analyst says, “Increasing adoption of smart grid, constant replacement of aging power infrastructure, rampant expansion of the residential construction sector, and growing digitization are primarily drawn as high-impact push factors associated with RCCB demand”. With considerably growing investments in effective and efficient electricity generation, the scope for transmission and distribution is also witnessing a steady increase worldwide. Several governments are encouraging funding for electrification projects that pro...