Arc Flash Protection Market Analysis, Global Trends, Upcoming Strategies, Leading Players, Growth Insights, Segmentation and Regional Forecast to 2023
Global Arc Flash Protection Market Information Report by Equipment (Arc Flash Detection & Control System and Personal Protective Equipment), by End User (Utilities, Manufacturing & Processing Industries, Oil & Gas and Transportation & Infrastructure) and by Region – Global Forecast To 2023
Pune, India – September 27, 2019 /MarketersMedia/ —
An arc flash is defined as the heat and light produced from an electric arc that can be supplied via enough electrical energy to cause substantial damage, fire, harm or injury. Market Research Future (MRFR) has published a research report about the global arc flash protection system market that figures expansion for this market at 5% CAGR () during the forecast period that would end in 2023.
A critical factor elevating the global arc flash protection system market growth is an increase in demand for power, worldwide growth in the use of more renewable as well as non-conventional energy sources, and the global need to upgrade transmission & distribution grids (both grounded & undergrounded).
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Other factors setting and keeping the market growth in motion include increasing investment in the electrical network, global growth in electrical component manufacturing market, and stringent regulation from government organizations and associations to promote arc flash safety at the end-user industries.
Industry Segmentation
The global arc flash protection system market can be segmented into end-user, equipment, and lastly, region.
Based on end-user, this market has been segmented into manufacturing & processing industries, oil & gas, transportation & infrastructure, and utilities.
The equipment-based segmentation segments the market into arc flash detection & control system and personal protective equipment.
Regional Outlook
The regional segmentation of the global arc flash protection system market can segment the market into the regional markets namely North America, Asia Pacific, Europe, and rest of the world (RoW).
North America is the greatest regional market in terms of revenue that comes from the USA and Canada. Asia Pacific region is the second biggest regional market where the most important country-specific markets are India, China, and Japan, followed by the remaining countries of this region. In these regions, the market is growing due to the factors explained in the paragraph covering market growth factors. In North America, many major market players have operations.
Europe is another important regional market in this region due to the presence of many key market players. The foremost country-specific markets in this region are France, Germany, and the UK, followed by the remaining countries of Europe.
Key Players
The key players in the global arc flash protection system market include ASEA (Allmänna Svenska Elektriska Aktiebolaget) Brown Boveri (ABB) Group (Switzerland), Basler Electric Company (USA), DuPont (USA), Eaton Co. Plc. (Ireland), General Electric Company (USA), Larsen & Toubro Ltd. (India), Littelfuse Inc. (USA), Mitsubishi Electric Corporation (Japan), Schneider Electric SA (France), Schweitzer Engineering Laboratories Inc. (USA), Siemens Ltd. (Germany), and Toshiba Corporation (Japan).
Industry Updates:
Oct 2018 Trace Software International has launched elec calc™ which has all the data permitting the computation of the figures of the arc flash, which will allow the user to elaborate his security analysis close to the tables and boxes. From the operating modes defined in a project, elec calc™ controls the minimum, and maximum three-phase short-circuit currents that can happen on a distributor
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Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Arc Flash Protection Market, By Equipment
4.1 Introduction
4.2 Arc Flash Detection & Control System
4.3 Personal Protective Equipment
5 Global Arc Flash Protection Market, By End User
5.1 Introduction
5.2 Utilities
5.3 Manufacturing & Processing Industries
5.4 Oil & Gas
5.5 Transportation & Infrastructure
Continued…….
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