DUBLIN--(BUSINESS WIRE)--The "Arc Flash Protection - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Arc Flash Protection estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.

Arc Flash Control Systems, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Arc Flash Detection Systems segment is readjusted to a revised 4.9% CAGR for the next 7-year period. This segment currently accounts for a 26.8% share of the global Arc Flash Protection market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 8.4% CAGR for the Period of 2020-2027

The Arc Flash Protection market in the U.S. is estimated at US$562.9 Million in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$635.8 Million in the year 2027 trailing a CAGR of 8.4% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$635.8 Million by the year 2027.

Personal Protective Equipment Segment Corners a 16.8% Share in 2020

In the global Personal Protective Equipment segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$265 Million in the year 2020 will reach a projected size of US$357.1 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$402.7 Million by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.

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 Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• 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
• High Growth Opportunities Identified in Emerging Regions
• 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
• Impact of Covid-19 and a Looming Global Recession
• ABB (Switzerland)
• Dynamics in the World Manufacturing Sector Favor Expansion in Arc Flash Protection Market
• Power Utilities Remain Major Consumers of Arc Flash Protection Equipment
• Soaring Investments on Utilities Amid Rising Demand for Electricity Favors Growth
• Market Stands to Gain from Critical Importance of Electrical Safety in Oil & Gas Sector
• Sustained Opportunities in Transportation & Infrastructure Sectors
• Arc Flash Regulations Steer Overall Momentum in the Market
• NFPA 70E Standards
• Arc-rated PPE Requirements: A Snapshot

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6dpi46

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900