The Global Arc Flash Protection Market is Projected to Reach US$2.4 billion by 2025 Growing at a CAGR of 5%
The global market for Arc Flash Protection is projected to reach US$2.4 billion by 2025, driven by the stringent worker safety regulations and ever-present threat of arc flash hazards in virtually every industrial environment ranging from utilities, manufacturing and processing, oil & gas to transportation and infrastructure.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Arc Flash Protection market. The segments covered in the study include Equipment (Arc Flash Control Systems, Arc Flash Detection Systems, and Personal Protective Equipment); and End-Use (Utilities, Manufacturing & Processing, Oil & Gas, Transportation & Infrastructure, and Other End-Uses).
10 June 5:58 A.M., California/Marketwire/ - According to the new market research report, the global market for Arc Flash Protection is projected to reach US$2.4 billion by 2025, driven by the stringent worker safety regulations and ever-present threat of arc flash hazards in virtually every industrial environment ranging from utilities, manufacturing and processing, oil & gas to transportation and infrastructure. The market will receive a setback in the year 2020 amid ongoing COVID-19 crisis and will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned.
The ever-present threat of arc flashes can be out into perspective by the fact that virtually all electrical systems of voltages 200V or greater are susceptible to arc flash incidents. The addressable market opportunity can also be measured by the growing use of electrical enclosures against the backdrop of massive quantities of electricity produced and consumed worldwide coupled with the ubiquity of power electronics. Arc flash workwear comprising overalls, gloves, helmets, face shields and head-to-toe personal protective equipment (PPE) have gained robust ground in recent years. The trend is forecast to grow stronger in the coming years as the range of available clothing designs expands along with features and functionalities such as comfort innovation in breathable fabrics; and development of flame resistant fabrics. Especially poised to score the highest gains will be multifunctional fabrics that can protect against multiple thermal hazards such as heat, flame, and molten metal splashes. A noteworthy and also a revenue generating trend is the innovative use of fiber optics in arc flash detection systems.
The market stands to benefit from stringent occupational health and worker safety regulations across key end-use verticals including utilities, manufacturing & processing, and oil & gas, among others. With several countries worldwide legislating punitive laws, companies are taking measures to mitigate the risk of arc flash hazards. These include auditing of audit electrical best practices; proper design and installation of electrical systems; conduct routine arc flash risk assessment; provide PPE; and install arc flash control, and detection systems.
Key Competitors Covered in the Report
DuPont de Nemours, Inc.
Eaton Corporation Inc.
G&W Electric Co.
Larsen & Toubro Limited
Mors Smitt Technologies Inc.
PowerPoint Engineering, Ltd.
Rittal GmbH & Co. KG
Schneider Electric SE
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 22303. Among this pool, 2007 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 446 unique participations, a total of 201 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.