Global Arc Flash Protection Analysis Report 2023: Market to Reach $3.2 Billion by 2030 - Soaring Investments on Utilities Amid Rising Demand for Electricity Favors Growth
Tuesday, November 28, 2023
DUBLIN, Nov. 20, 2023 /PRNewswire/ -- The "Arc Flash Protection - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Arc Flash Protection Market to Reach $3.2 Billion by 2030
The global market for Arc Flash Protection estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
This report provides an extensive analysis of the global arc flash protection market, organized into various tables for easy reference. It covers different aspects of the market, including arc flash protection, control systems, detection systems, personal protective equipment, and their application in various industries such as utilities, manufacturing & processing, oil & gas, transportation & infrastructure, and other end-uses.
Arc Flash Control Systems, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Arc Flash Detection Systems segment is estimated at 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $573.1 Million, While China is Forecast to Grow at 7.7% CAGR
The data includes independent analysis of annual sales in US$ Thousand for the years 2014 through 2030, with a focus on geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The Arc Flash Protection market in the U.S. is estimated at US$573.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$317.9 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030.
The report also includes insights into recent past, current, and future sales trends, along with percentage Compound Annual Growth Rates (CAGR) where applicable. Additionally, it provides a 16-year perspective, illustrating the percentage breakdown of value sales for select years within this period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Influencer Market Insights
-- World Market Trajectories
-- A Prelude to Arc Flash Protection
-- Thermal Impact of Arc Flash Temperatures: A Snapshot
-- Arc Flash Protection: Current Market Scenario and Outlook
-- Developed Regions Remain Primary Revenue Contributors
-- World Arc Flash Protection Market by Region: Percentage Breakdown of
Revenues for Developed and Developing Regions for the Years 2019 and
2025
-- High Growth Opportunities Identified in Emerging Regions
-- World Arc Flash Protection Market - Geographic Regions Ranked by CAGR
(Value) for 2018-2025: China, Asia-Pacific, Middle East, Latin America,
Canada, USA, Europe, Japan and Africa
-- Product Segment Analysis
-- Arc Flash Control Systems: The Dominant Segment
-- Rising Demand for Arc Flash Detection Accelerates Market Expansion
-- Arc Flash PPE Remain Highly Relevant
-- Global Economic Outlook: GDP Growth and Arc Flash Protection Market
-- Real GDP Growth Rates in % by Country/Region for the Years 2017 through
2020
-- Arc Flash Protection - Global Key Competitors Percentage Market Share in
2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Impact of Covid-19 and a Looming Global Recession
MARKET TRENDS & DRIVERS
-- Dynamics in the World Manufacturing Sector Favor Expansion in Arc Flash
Protection Market
-- Top 10 Countries in Terms of Manufacturing Output: 2018
-- Number of People Employed in Manufacturing Sector in Select Countries:
2018
-- Power Utilities Remain Major Consumers of Arc Flash Protection Equipment
-- Soaring Investments on Utilities Amid Rising Demand for Electricity
Favors Growth
-- Global Electricity Generation in Billion kWh for the Years 2010, 2020,
2030, 2040 and 2050
-- Electricity Consumption in Trillion kWh for the Years 2010, 2012, 2014,
2016 and 2018
-- China and India Lead the Global Rise in Demand for Electricity: Change
in Gross Electricity Demand in TWh for 2017-50
-- Market Stands to Gain from Critical Importance of Electrical Safety in
Oil & Gas Sector
-- Worldwide E&P Capital Spending in $ Billion by Region and Type of
Company for the Period 2017-2019
-- North American E&P Capital Spending in $ Billion by Type of Company
(2017-2019)
-- Sustained Opportunities in Transportation & Infrastructure Sectors
-- Global Construction Spending (In US$ Billion) for the Years 2018, 2022
and 2025
-- Arc Flash Regulations Steer Overall Momentum in the Market
-- NFPA 70E Standards
-- Arc-rated PPE Requirements: A Snapshot
FOCUS ON SELECT PLAYERS (Total 33 Featured)
-- ABB (Switzerland)
-- Arcteq Oy (Finland)
-- DuPont de Nemours, Inc. (USA)
-- Eaton Corporation Inc. (USA)
-- G&W Electric Co. (USA)
-- Larsen & Toubro Limited (India)
-- Littelfuse, Inc. (USA)
-- Mors Smitt Technologies Inc. (USA)
-- PowerPoint Engineering, Ltd. (Ireland)
-- Rittal GmbH & Co. KG (Germany)
-- Schneider Electric SE (France)
-- Siemens AG (Germany)
For more information about this report visit https://www.researchandmarkets.com/r/cb454w
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