Energy and Power Arc Flash Protection System Market

Arc Flash Protection System Market Analysis
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 (Compound Annual Growth Rate) 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). 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.
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.
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).
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