Arc Flash Protection Market by Equipment (Personal Protective Equipment and Arc Flash Detection & Control System) by End Users (Infrastructure, Utilities, Oil & Gas, and Others): Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2017 – 2023

Global arc flash protection market expected to reach USD 2.50 billion in 2023, growing at a CAGR of 5.1% between 2018 and 2023. Major driving factors for the growth of arc flash protection market are an increase in the cost of the electrical network, substitution of existing electrical safety equipment and expansions of the developed sector in South East Asia.

07-May-2018 | Number of pages: 120 | Report Code: ZMR-2842 | Report Format : | Status : Published

Analysis

Arc flash is the outcome of a rapid discharge of energy suitable to an arcing fault connecting two-phase bus bars. Arc flash must be viewed as the last line of protection and provides protection after an arc flash incident has occurred. The first option reducing the frequency and strictness of the incidents can be achieved during complete arc flash hazard estimation. Application of technology such as high resistance grounding is to reduce the frequency and strictness of incidents. Equipment with installed arc flash protection devices provides equipment reliability as ensuring the safety of human resources working in the surrounding area.

Increase in cost of the electrical network, substitution of existing electrical safety equipment and expansions of the developed sector in South East Asia are expected to remain major driving factors for the growth in arc flash protection market. However, the additional cost of installation could be a restraining factor for the arc flash protection market. The high setup cost is a barrier for the growth of arc flash protection market. Nonetheless, the global arc flash protection market offers new growth opportunities, due to the substitution of arc flash protection devices in developed region, and to make an electrical system easier and safer to maintain.

On the basis of equipment, the global arc flash protection market is segmented into personal protective equipment and arc flash detection & control system. Arc flash detection & control system market segment held the largest market share in 2017. Additionally, it is expected to remain dominating segment over the future years due to growing huge demand across the globe. Arc flash control devices such as relay and current limiters installation increasing outside the electrical equipment which is expected to drive the arc flash control system segment during the forthcoming period.

Global Arc Flash Protection Market

On the basis of end users, the market is segmented into infrastructure, utilities, oil & gas, and others. Utility segment held the largest segment of the global arc flash protection market in 2017. Moreover, to improve power generation and advanced transmission and distribution quality growing demand for electricity has resulted in major capital expenditure. Thus, robust demand for electricity consumption especially in a developed region such as China, India, and Middle East countries are likely to propel the demand for utility end-uses over the coming years.

Based on regional segmentation, North America was the most attractive market for arc flash protection in 2017. Increasing focus towards protection issues and growing investments in the electrical infrastructure are driving the arc flash protection market in the region. Moreover, North America was followed by Europe and the Asia Pacific in the same year. In order to boost the power generation for electrical distribution in rising economies such as China, India, and Indonesia are expected to witness the exponential growth of the market in the Asia Pacific within the forecast period. The Middle East & Africa and Latin America are projected to experience moderate growth for arc flash protection in the next few years.

Some of the major players involved in the global arc flash protection market include General Electric Company, Larsen & Toubro Limited, ABB Ltd, Siemens AG, Eaton Corporation, Arcteq Relay Ltd, NR Electric Co Ltd, Rittal GmbH & Co. KG, Schneider Electric SE, G&W Electric Company and Mors Smitt Technologies Inc.


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