The main function of arc flash
protection device is to safeguard the personnel working in the vicinity by
improving equipment reliability. The arc flash is the 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 major consequences are
often violent and when a human is in close proximity to the arc flash, serious
injury and even death can occur. 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.
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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.
Leading
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).
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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
Outlook
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.
Scope
of the Report
This research report has provides
the insights, on various levels of analyses such industry analysis, market
share analysis leading market players and their profiles. This report also
helps in studying the target segments by providing views on emerging &
high-growth segments and market conclusion. Together the market data comprise
and discuss with the basic assessments on the competitive scenarios &
strategies, of the global arc flash protection market, including the
high-growth regions, countries and their political, economic and technological
environments. Furthermore the project report also provides the views over the
historical market values as well as, pricing and cost analysis of the same.
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