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 - Forecast To 2023.

Pune, India -- (SBWire) -- 01/29/2018 --Market Highlights:

Arc flash protection Market is expected to grow over the CAGR of more than 5% during the period 2017 to 2023.

Arc flash protection is widely used in all major end use industries for safe operations and maintain high level safety operations. This system safeguard the human life working into such vicinity from large scale arc flash which can cause serious injuries or even death. An arc flash protection comprises of relays, breakers, and fault current limiters. Arc flash protection 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.

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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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)
-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.

The North-America region is the leading market for arc flash protection market:

North-America is expected to dominate the global arc protection market owing to increasing awareness towards reducing the electrical hazards and related electrical faults, which are fatal and can cause severe injuries or even can cause death to the human working in electrical vicinity. The growing awareness towards creating a safe working environment and the exponential growth in major end-use industries such as utilities, manufacturing & processing, oil & gas and transportation & infrastructure. All these factors are majorly driving the North American arc flash protection market.

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