Why is color coding of electrical wires significant?

Color coding of electrical wires plays a crucial role in the safety and functionality of electrical systems by helping to identify the function of each wire. Different colors are designated for different types of wires, such as power, ground, and neutral, allowing electricians and technicians to quickly and accurately distinguish between them. This identification is vital during installation, maintenance, and troubleshooting, as it reduces the risk of mistakes that could lead to electrical faults or hazardous conditions. By clearly marking the wires, color coding facilitates safer work practices and efficiency in handling electrical systems.