Press release
Arc Flash Protection Market Research Report 2023 By Key Players: ABB Group, Siemens Ltd., Larsen & Toubro, Ltd., Toshiba, Basler Electric Company., Mitsubishi Electric Corp.
Arc Flash Protection Market
Upgradation in electrical safety and inclusion of safe work practices has gathered emphasis globally. Market reports connected to the energy and power industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to expand at a CAGR of 5 % in the forecast period.
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The arc flash detection & control system is expected to contribute majorly to the development of the market in the impending years. The need to maintain a steady flow of current to the electrical equipment, which are crucial to carrying out important operations and are very expensive necessitate the use of arc flash protection systems which is a key reason behind the sharp uptick in the growth curve of the market. The continual necessity for electricity and the unsteady state of the electricity supply situation in most emerging countries will assist in the development of the arc flash protection market throughout the forecast period.
Key Players
The key players of global arc flash protection market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Larsen & Toubro, Ltd. (India), Toshiba Corporation (Japan), Basler Electric Company. (USA), Mitsubishi Electric Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Littelfuse, Inc. (USA), Schneider Electric SA (France), DuPont (USA) and Eaton Co. Plc. (Ireland).
Segmental Analysis
The segmentation of the arc flash protection system market is carried out on the basis of equipment, end-user, and region.
The equipment-based segmentation of the market comprises of personal protective equipment and arc flash detection & control system.
The end user segmentation of the arc flash protection system market comprises of manufacturing & processing industries, oil & gas, utilities, and transportation & infrastructure. The regions included in the market comprise of Asia Pacific, Europe, North America and rest of the world.
Regional Analysis
The regional analysis of the arc flash protection system comprises of regions such as Asia Pacific, Europe, North America and the rest of the world.
The North-America region is the foremost market for arc flash protection market and is followed by Asia-Pacific. Presently, the arc flash protection market is in the development stage. This is principally due to the rise in demand for power, and in protection device for distribution and safe transmission, worldwide development in the renewable and non-conventional energy sources and the need to promote transmission & distribution grids (both undergrounded and grounded) that are boosting the arc flash protection market.
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Major Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Arc Flash Protection Market, By Equipment
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