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Arc Flash Protection Market: Global Forecast until 2022

  • July 2017
  • 149 pages
  • ID: 5011656
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China's electricity consumption was ##.## Terawatt Hours (TWh) in 2015, an increase of ##.##% over 2014, according to the statistics released by the National Energy Administration.

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"The arc flash protection market is estimated to rise at a compound annual growth rate of ~5.4 percent, between 2017 and 2022."

The arc flash protection market is estimated to grow ~$2.4B, by 2022, increasing at a compound annual growth rate (CAGR) of ~5.4 percent, between 2017 and 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 such as dust, material failure, and faulty installations. Rise in expenditure on electrical networks and replacement of existing electrical safety equipment with modern and smart safety devices are forecast to steer the arc flash protection market. Additional cost of installation can hinder the increase of the arc flash protection market.

"The personal protective equipment segment is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022."

Established on equipment, the personal protective equipment segment is intended to be the quickest growing sector between 2017 and 2022. Escalating accident frequency in the workplace resulted in growing safety concerns due to arc flashes. The industry demand for the personal protective equipment is anticipated to grow over the upcoming five years. Factors like these will drive the rise of the PPE segment of the arc flash protection market.

"North America (NA): The biggest market for arc flash protection"

The sector in North America continent is currently the biggest market for arc flash protection, succeeded by Europe (EU) and Asia Pacific (APAC). Increasing investments in the electrical infrastructure and rised focus towards safety issues are driving the arc flash protection market. The U.S.A is forecasted to be the quickest increasing sector in the territory, succeeded by the industry in Canada (CA), during the outlook period.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 30.0 percent, Tier 2 35.0 percent, Tier 3 35.0 percent

By Designation: C-Level- 10.0 percent, D-Level- 30.0 percent, Others- 60.0 percent

By area: North America- 12.0 percent, Asia-pac- 55%, Europe- 10.0 percent, South America - 3.0 percent, The Middle East- 11.0 percent, Africa- 9.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = $1.0B to $10.0B, and Tier 3 =

The key players in the arc flash protection market contain General Electric (NYSE:GE), Schneider Electric (SU), Eaton (NYSE:ETN), Siemens (SIA), ABB, Limited, and Littelfuse, Incorporated.

Segment Research

The market research offers a picture of the arc flash protection market across end-use sectors and localities. It aims at evaluating the market value and future increase potential of the market across distinct segments including equipment, end-user, and area. Moreover, the industry report also comprises an detailed competitive review of top actors in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Why acquire this industry report?

1. The study determines and addresses main markets for arc flash protection, which would help manufacturers review the rise in demand

2. The analysis benefits solution providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, and opportunities

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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