About Arc Flash Protection Equipments
An arc flash is a heat and light produced from an electric arc which is supplied through enough electrical energy and causes substantial damage, fire, harm or injury to the humans. 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. Arc flash protective equipment is one of the segments of the Personal Protective Equipment market for products that are worn by workers to protect themselves from occupational hazards. Further, increasing Investment in Electrical Networks and growing construction and electrical industry is driving the global arc flash protective equipment market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 45.3% |
The market is highly competitive and fragmented due to the presence of numerous market players focusing on product innovation and product portfolio expansion through R&D facilities and investment. Schneider Electric, a leader in the digital transformation of energy management and automation, has enhanced its EcoStruxureTM Power digital energy management system architecture. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Arc Flash Protection Equipments market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB Group (Switzerland), Siemens Ltd. (Germany), 3M (United States), General Electric Company (United States), Larsen & Toubro, Ltd. (India), Toshiba Corporation (Japan), Basler Electric Company (United States), Mitsubishi Electric Corporation (Japan) and Schweitzer Engineering Laboratories, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Littelfuse, Inc. (United States), Schneider Electric SA (France), DuPont (United States), Eaton Co. Plc. (Ireland), Arc Flash PPC (South Africa), Arcteq Relays, Ltd. (Finland), Hazchem Safety (United Kingdom) and AGO Industries, Inc. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Arc Flash Protection Equipments market by Type (Arc Flash Protective Helmet and Face Shield Kits, Arc Flash Protective Gloves and Arc Flash Protective Suit Kits), Application (Power, Oil and Gas, Construction and Manufacturing) and Region.
On the basis of geography, the market of Arc Flash Protection Equipments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Equipment, the sub-segment i.e. Arc Flash Detection & Control System will boost the Arc Flash Protection Equipments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Expenditure on Electrical Networks in Developing Economies like India & China, Growing Installation of Smart Arc Flash Control Devices and Visibility and flame-resistant (FR) capabilities coupled with Arc Protective Equipment
Market Growth Drivers:
Escalating Accidental Frequency at Workplace and Demand for Personal Protective Equipment, Increasing Prices of Arc Flash Protection Devices, Demand for Constant Need for Electricity in Emerging Countries and Regulation from Nfpa and Osha to Promote Arc Flash Safety
Challenges:
Low Consumer Compliance and Stringent Government Regulations Related to Promote Arc Flash Protection
Restraints:
High Maintainance and Product Cost of Arc Flash Protection
Opportunities:
Growing Construction Industry & High Investment by the Government and Implementation of Safety Regulations, Increasing Safety Awareness, and Safety Training Provided to the Workers
Market Leaders and their expansionary development strategies
In August 2023, Underwriters Laboratories (UL) joins forces with the Institute of Electrical and Electronics Engineers (IEEE) to create a comprehensive online database of arc flash hazard analysis tools and resources.
In October 2023, Honeywell Industrial Safety unveils the Bullard® Hard Hat Hi-Viz XL, a high-visibility hard hat with integrated arc flash protection features, enhancing worker safety and visibility.
In December 2018, The IEEE Standards Association, Piscataway in New Jersey has published a new guide titled IEEE 1584-2018--IEEE Guide for Performing Arc-Flash Hazard Calculations for understanding and calculating arc-flash hazards in electrical equipment. This guide has been published in collaboration with the National Fire Protection Association (NFPA).
Key Target Audience
Arc Flash Protective Equipment manufacturers, Arc Flash Protective Equipment Suppliers, Traders & Distributors, Industry Associations, Potential Investors, Marketing Firms, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.