The arc
flash protection market is expected to grow from an estimated USD 1.85
Billion in 2017 to USD 2.41 Billion by value by 2022, at a CAGR of 5.38%.
Equipment with installed arc flash protection devices provides improved
equipment reliability while ensuring safety of personnel working in the
vicinity. The global market is set to witness growth, due to increasing
investments in electrical networks and growth of the manufacturing sector in
South-East Asia.
Utilities is the largest
segment in the arc flash protection market
With regard to the end-user segment, the utilities segment in the arc flash
protection market is expected to be the largest market in 2017. Growing demand
for electricity has resulted in significant capital spending on electrical
networks to boost power generation and improve transmission and distribution
quality. Increase in expenditure on electrical networks from China, India, and
countries in the Middle East would drive the utilities segment.
Download PDF
Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173842520
North America: The leading
market for arc flash protection
The market in North America is expected to dominate the
global arc flash protection market, given the increasing awareness to reduce
the electrical risk hazards at workplace in order to create a safer environment
for personnel as well as the equipment. Growth in industries such as food &
beverage, infrastructure and transportation, utility, and mining, is also
expected to increase capital spending on safety equipment by major
manufacturers. All these factors are expected to drive the North American arc
flash protection market.
Some of the top players in the arc flash protection market includes ABB, Ltd. (Switzerland),
Arcteq Relays, Ltd. (Finland), General Electric (U.S.), Schneider Electric
(France), Eaton Corporation (Ireland), Siemens AG (Germany), Larsen &
Toubro, Ltd. (India), Littelfuse, Inc. (U.S.), NR Electric Co., Ltd. (China),
Oberon Company div Paramount Corporation (U.S.), Hazchem Safety (U.K.), DuPont
(U.S.), Grainger, Inc. (U.S.), LSH Industrial Solutions Pte, Ltd. (Singapore),
PowerPoint Engineering, Ltd. (Ireland), I-Guard Corporation (Canada), G&W
Electric Company (U.S.), Mors Smitt (U.S.), Rittal GmbH & Co. KG
(Germany), Salisbury (U.S.), AJ Charnaud & Co. (Pty) Ltd (South Africa),
AGO Industries, Inc. (U.K.), Clydesdale, Ltd. (U.K.), Chicago Protective
Apparel (U.S.), and Pentair (U.S.) among others.
Request Sample
Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=173842520
No comments:
Post a Comment