DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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. 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.
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.
The market in North America is currently the largest market for arc flash protection, followed by Europe and Asia-Pacific. Rising investments in the electrical infrastructure and increased focus towards safety issues are driving the arc flash protection market. The U.S. is estimated to be the fastest growing market in the region, followed by the market in Canada, during the forecast period."
- ABB, Ltd.
- Arcteq Relays, Ltd.
- Eaton Corporation, PLC
- G&W Electric Company
- General Electric Company
- Larsen & Toubro Limited
- Littelfuse, Inc.
- Mors Smitt Technologies, Inc.
- NR Electric Co., Ltd.
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Arc Flash Protection System Market, By Equipment
7 Arc Flash Protection Market, By End-User
8 Arc Flash Protection Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/fj6wss/global_arc_flash?w=4