Press release
Arc Flash Protection System Market 2018-2023: Global Key Players ABB Group, Siemens Ltd., General Electric Company, Toshiba Corporation, Basler Electric Company, Mitsubishi Electric Corp., Littelfuse, Inc.
Arc Flash Protection System Market
An arc flash is the heat and light produced from an electric arc which is supplied through enough electrical energy to cause substantial damage, fire, harm or injury. Also, an arc flash is a phenomenon where a flashover of electric current leaves its intended path and travels through the air from one conductor to another, or to ground. The results are often violent and when a human is in close proximity to the arc flash, serious injury and even death can occur.
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.
Global Arc Flash Protection Market
Currently, the arc flash protection market is in the growth stage. This is due to the increase in demand for power, and in protection device for safe transmission and distribution, worldwide growth in the use more renewable and non-conventional energy sources, the global need to upgrade transmission & distribution grids (both grounded & undergrounded) boost the global arc flash protection market. The market is mainly driven by increasing investment in electrical network, global growth in electrical component manufacturing market and stringent regulation from associations such as, NFPA and OSHA to promote arch flash safety in the end user industries. The North-America region is the leading market for arc flash protection market and is followed by Asia-Pacific.
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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).
The arc flash control system is expected to hold the largest share of the arc flash protection market
Arc flash protection are classified based on their equipment as arc flash detection & control system and personal protective equipment. The arc flash detection & control system are widely used in any facility or plant that deals with large amount of power and utilizes medium to high voltage. The arc flash detection & control system comprises of relays, breakers, and fault current limiters, arc flash control system maintains the stream of current to the electrical equipment. Growing installation of smart arc flash control devices such as relays and current limiters, outside the electrical equipment is expected to boost the arc flash control system segment.
Table of Content
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
4.1 Introduction
4.2 Arc Flash Detection & Control System
4.3 Personal Protective Equipment
5 Global Arc Flash Protection Market, By End User
5.1 Introduction
5.2 Utilities
5.3 Manufacturing & Processing Industries
5.4 Oil & Gas
5.5 Transportation & Infrastructure
6 Regional Market Analysis
Continue…….
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