Arc Flash Protection Market | Industry Share, Size, Outlook, Future Growth and Opportunities by 2023


Posted June 25, 2019 by DhanashreeP

Arc Flash Protection Market is expected to grow over the CAGR of more than 5% during the period 2017 to 2023
 
The main function of arc flash protection device is to safeguard the personnel working in the vicinity by improving equipment reliability. The arc flash is the phenomenon where a flashover of electric current leaves its intended path and travels through the air from one conductor to another, or to ground. The major consequences are often violent and when a human is in close proximity to the arc flash, serious injury and even death can occur. The market is mainly driven by increasing investment in electrical network, global growth in electrical component manufacturing market and stringent regulation from associations such as, NFPA and OSHA to promote arch flash safety in the end user industries.

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The arc flash detection & control system is expected to contribute majorly to the development of the market in the impending years. The need to maintain a steady flow of current to the electrical equipment, which are crucial to carrying out important operations and are very expensive necessitate the use of arc flash protection systems which is a key reason behind the sharp uptick in the growth curve of the market.

Leading Players

The key players of global arc flash protection market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Larsen & Toubro, Ltd. (India), Toshiba Corporation (Japan), Basler Electric Company. (USA), Mitsubishi Electric Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Littelfuse, Inc. (USA), Schneider Electric SA (France), DuPont (USA) and Eaton Co. Plc. (Ireland).

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Segmental Analysis

The segmentation of the arc flash protection system market is carried out on the basis of equipment, end-user, and region. The equipment-based segmentation of the market comprises of personal protective equipment and arc flash detection & control system. The end user segmentation of the arc flash protection system market comprises of manufacturing & processing industries, oil & gas, utilities, and transportation & infrastructure. The regions included in the market comprise of Asia Pacific, Europe, North America and rest of the world.

Regional Outlook

North-America is expected to dominate the global arc protection market owing to increasing awareness towards reducing the electrical hazards and related electrical faults, which are fatal and can cause severe injuries or even can cause death to the human working in electrical vicinity. The growing awareness towards creating a safe working environment and the exponential growth in major end-use industries such as utilities, manufacturing & processing, oil & gas and transportation & infrastructure. All these factors are majorly driving the North American arc flash protection market.

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global arc flash protection market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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Issued By MRFR
Country India
Categories Energy
Tags arc flash protection , arc flash protection market , arc flash protection market analysis , arc flash protection market demand , arc flash protection market growth
Last Updated June 25, 2019