-- 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.
Arc flash protection are widely used in utilities, manufacturing & processing industries, oil & gas and transportation & infrastructure. The constant need for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the arc flash protection market over the forecast period. The expensive power distribution system and its infrastructure needs a protection from potential hazard which is given by the arc flash protection. Also, stringent government regulation to promote arc flash protection in the major end-use industries. However, the high product cost and high maintenance cost of arc flash protection will restrain the market to some extent.
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).
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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.
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.
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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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