Dublin, June 15, 2023 (GLOBE NEWSWIRE) -- The "Arc Flash Protection: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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.
Arc Flash Control Systems, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$1.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Arc Flash Detection Systems segment is readjusted to a revised 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 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.
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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$364.1 Million by the year 2030.
Select Competitors (Total 33 Featured) -
- ABB
- Arcteq Oy
- DuPont de Nemours, Inc.
- Eaton Corporation Inc.
- G&W Electric Co.
- Larsen & Toubro Limited
- Littelfuse, Inc.
- Mors Smitt Technologies Inc.
- PowerPoint Engineering, Ltd.
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Siemens AG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 413 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.1 Billion |
| Forecasted Market Value (USD) by 2030 | $3.2 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. 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
2. FOCUS ON SELECT PLAYERS
3. 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/sse509
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