The arc flash protection market is projected to reach USD 2.41 billion,by 2022, growing at a CAGR of 5.38%, from 2017 to 2022. Arc flash protection system and equipment are used to detect and mitigate arc flash hazards, caused by deterioration or corrosion of equipment, as well as other causes like dust, material failure, and faulty installations.
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Increase in expenditure on electrical networks and replacement of existing electrical safety equipment with modern and smart safety devices are expected to drive the arc flash protection market. Additional cost of installation can hinder the growth of the arc flash protection market.
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Based on equipment, the personal protective equipment segment is estimated to be the fastest growing market from 2017 to 2022.Escalating accident frequency in the workplace resulted in rising safety concerns due to arc flashes. The demand for the personal protective equipment is expected to grow over the next five years.
Factors like these will drive the growth of the PPE segment of the arc flash protection market.
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Breakdown of primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 30%, Tier 2- 35%, Tier 3- 35%
- By Designation: C-Level- 10%, D-Level- 30%, Others- 60%
- By Region: North America- 12%, Asia-Pacific-55%, Europe-10%, South America-3%, TheMiddle East- 11%, Africa- 9%
Key Points From Table Of Content:
10 Company Profiles
10.1 ABB, Ltd.
10.1.2 Strength of Product Portfolio
10.1.3 Business Strategy Excellence
10.1.4 Recent Developments
10.1.5 MnM View
10.2 Eaton Corporation, PLC
10.2.2 Strength of Product Portfolio
10.2.3 Business Strategy Excellence
10.2.4 Recent Developments
10.2.5 MnM View
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10.3 General Electric Company
10.3.2 Strength of Product Portfolio
10.3.3 Business Strategy Excellence
10.3.4 Recent Developments
10.3.5 MnM View
10.4 Schneider Electric Se
10.4.2 Strength of Product Portfolio
10.4.3 Business Strategy Excellence
10.4.4 Recent Developments
10.4.5 MnM View
10.5 Siemens AG
10.5.2 Strength of Product Portfolio
10.5.3 Business Strategy Excellence
10.5.4 MnM View
10.6 Larsen & Toubro Limited
10.7 Littelfuse, Inc.
10.8 Arcteq Relays, Ltd.
10.9 G&W Electric Company
10.10 NR Electric Co., Ltd.
10.11 Rittal GmbH & Co. Kg
10.12 Mors Smitt Technologies, Inc.
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