Arc Flash Protection Market Worth 2.41 Billion USD by 2022
PUNE, India, July 14, 2017 /PRNewswire/ --
The report "Arc Flash Protection Market by Equipment (Arc Flash Detection & Control System, Personal Protective Equipment), End-User (Utilities, Manufacturing & Processing, Oil & Gas, Transportation & Infrastructure), and Region - Global Forecast to 2022", published by MarketsandMarkets™, 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%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 63 Market Data Tables and 46 Figures spread through 147 Pages and in-depth TOC on "Arc Flash Protection Market"
http://www.marketsandmarkets.com/Market-Reports/arc-flash-protection-market-173842520.html
Early buyers will receive 10% customization on this report.
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.
The arc flash control system is expected to hold the largest share of the Arc Flash Protection Market, by equipment, during the forecast period
The arc flash control system segment dominated the Arc Flash Protection Market during the forecast period. Comprising of relays, breakers, and fault current limiters, arc flash control system maintains the flow of current to the electrical equipment. Increasing installation of smart arc flash control devices such as relays and current limiters, outside the electrical equipment is expected to drive the arc flash control system segment.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=173842520
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.
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.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=173842520
To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the Arc Flash Protection Market. These players 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. Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
Browse Related Reports:
Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Power Conditioning Unit, Static VAR compensator, and Power Quality Meters), Phase (Single and Three Phase), End-User, and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/power-quality-equipment-market-110225967.html
Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA-25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/surge-protection-device-market-89236426.html
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article