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ARC FLASH PROTECTION SYSTEM MARKET GLOBAL TOP KEY PLAYER : ABB GROUP, SIEMENS LTD, GENERAL ELECTRIC COMPANY | INDUSTRY ANALYSIS, CAGR TO GROW AT 5 % FORECAST 2018 – 2023.

05-17-2018 07:15 AM CET | Energy & Environment

Press release from: Market Research Future

ARC FLASH PROTECTION SYSTEM MARKET GLOBAL TOP KEY PLAYER : ABB

Global Arc Flash Protection Market Information Report by Equipment (Arc Flash Detection & Control System and Personal Protective Equipment), by End User (Utilities, Manufacturing & Processing Industries, Oil & Gas and Transportation & Infrastructure) and by Region - Global Forecast To 2023.

Market Highlights: -

The arc flash detection & control system holds the largest share in the arc flash protection market, by equipment type during the forecast period. Arc flash detection & control system comprises of relays, breakers, and fault current limiters. Arc flash control system maintains the flow of current to the electrical equipment. The growing cost of smart arc flash control devices such as relays and current limiters, outside the electrical equipment is expected to boost the arc flash detection & control system. The constant need for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the arc flash protection market over the forecast period. The expensive power distribution system and its infrastructure needs a protection from potential hazard which is given by the arc flash protection. Also, stringent government regulation to promote arc flash protection in the major end-use industries. However, the high product cost and high maintenance cost of arc flash protection will restrain the market to some extent.

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Key Players

• ABB Group
• Siemens Ltd.
• General Electric Company
• Crompton Greaves Ltd.
• Toshiba Corporation
• Basler Electric Company.

Scope of the Report

This study provides an overview of the global arc flash protection, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global arc flash protection by its equipment, by end user and by regions.

By Equipment

• Arc Flash Detection & Control System
• Personal Protective Equipment

By End User

• Utilities
• Manufacturing & Processing Industries
• Oil & Gas
• Transportation & Infrastructure

By Regions

• North America
• Asia Pacific
• Europe
• Rest of the World

Browse Complete Report @ https://www.marketresearchfuture.com/reports/arc-flash-protection-system-market-4256

Market Research Analysis
Utilities segment of arc flash protection market is expected to grow at the highest rate.
The Utilities segment in arc flash protection are expected to hold a larger market size as compared to personal protective equipment. This is due to the growing demand for electricity has resulted in substantial capital expenditure 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.

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About Market Research Future:
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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