Arc Flash Protection Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 3.25 Billion |
| Market Size (2029) | USD 3.99 Billion |
| CAGR (2024 - 2029) | 4.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Arc Flash Protection Market Analysis
The Arc Flash Protection Market size is estimated at USD 3.25 billion in 2024, and is expected to reach USD 3.99 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
The ash flash protection market size is estimated at USD 3.11 billion in 2023 and is expected to reach USD 3.82 billion by 2028, registering a CAGR of 4.19% during the forecast period (2023-2028).
Over the long term, various fire safety regulations set by the Occupational Safety and Health Administration (OSHA) and National Fire Protection Association (NFPA) of the United States are expected to drive the market across the world.
On the other hand, factors such as high product and maintenance costs are likely to act as a barrier for the market to grow during the forecast period.
Nevertheless, the government of the United Arab Emirates (UAE) is concentrating on having a higher share of the manufacturing sector in its country’s GDP. With its shrinking prospects for investment in the oil & gas industry, the country is planning to diversify its business to other business segments, such as manufacturing. For instance, the Abu Dhabi Economic Vision 2030 aims to grow the non-oil sector by more than 7.5% annually to help the UAE achieve a neutral non-oil trade balance. Thus, the initiative is expected to create an opportunity for the arc flash protection market growth in the near future.
North America is likely to dominate the market during the forecast period, with the majority of the demand coming from the United States and Canada.
Arc Flash Protection Market Trends
Utility Sector to Witness Significant Growth
- Arch flash protection system consists of relays, breakers, and fault current limiters. The system controls the flow of current to the electrical equipment and protects it from any electrical accident that may arise due to flaws in a network.
- The utility sector will likely witness significant growth during the forecast period, owing to increasing uses of safe electrical and electronic equipment to maintain international safety standards.
- From power generation to transmission and distribution, the utility sector puts huge investments and workforce to maintain and operate a power grid. Safety is a prior concern in the prevention of unnecessary incidents, so the installation of an arc flash protection system is very much necessary within a power grid.
- To prioritize the safety of the industry and the workforce, an organization such as OSHA (Occupational Safety and Health Administration) and NFPA (National Fire Protection Association) has set different codes and standards for flames and electric arcs and a mandate in many countries to abide by it, to have clearance for project development and installation.
- In 2022, global electricity generation was around 29165.1 terawatt-hours. Of the total electricity production, utility sectors such as fossil fuel and renewable have different contribution shares. With the growing concerns regarding environmental impacts, renewable sectors such as solar and wind are expected to grow further, increasing the use of safety protection equipment such as arc flash during the coming years.
- Thus, owing to the above points, the utility sector is expected to witness significant growth in the market.
North America to Dominate the Market
- The growing industrial safety norms and energy projects are expected to significantly drive the arc flash protection market in the region, mainly due to the United States being an early adopter of industry standards.
- The region is the second leading manufacturing hub after China, which contributes nearly 16.6% of the global manufacturing output. With high manufacturing and mandate safety standards, the region is estimated to have a high installation of arc flash protection systems.
- Additionally, the region has a significant oil and gas industry presence. With 21573 Thousand barrels daily of refining capacity and the highest crude and natural gas production in the United States during 2022, it was estimated to have the highest number of arc flash protection systems in the country.
- There is significant penetration of smart commercial buildings or infrastructure in North America, owing to the growing security concerns and awareness of energy conservation. The technological advancements in safety electrical devices and the adoption of those devices in infrastructure are expected to act as opportunities for the arc flash market in the region.
- Further, the government of the United States has a target of 30 GW of offshore wind by 2030. To achieve the target, the commissioning of projects, along with the power grid from transmission and distribution, is likely to install electrical safety and protection equipment, which is expected to boost the arc flash protection market during the upcoming years.
- Thus, owing to the above points, North America is expected to dominate the market in the forecast period.
Arc Flash Protection Industry Overview
The arc flash protection market is moderately fragmented. Some of the key players in the market (in no particular order) include Schneider Electric SE, DuPont de Nemours Inc., ABB Ltd, General Electric Company, and Siemens AG, among others.
Arc Flash Protection Market Leaders
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Schneider Electric SE
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DuPont de Nemours Inc.
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ABB Ltd
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General Electric Company
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
Arc Flash Protection Market News
- April 2023: Pyramex launched its new GL3000 Series Arc Flash Protection gloves. The series includes two new glove options for comfort, fit, and agility. They are designed to provide premium protection for workers who may have an arc flash incident in their line of work.
- June 2022: Schneider Electric announced its flash mitigation solution, ArcBlok. The device was recognized as the Best Power Product and Most Innovative New Technology at the Electro Expo 2022.
Arc Flash Protection Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Presence of Fire Safety Regulations
- 4.5.1.2 Increasing Industrialization across the World
- 4.5.2 Restraints
- 4.5.2.1 High Product Prices and Maintenance Costs
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Equipment
- 5.1.1 Arc Flash Detection & Control System
- 5.1.2 Personal Protection Equipment
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5.2 End-User
- 5.2.1 Utilities
- 5.2.2 Manufacturing & Processing
- 5.2.3 Oil & Gas
- 5.2.4 Other End-Users
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States of America
- 5.3.1.2 Canada
- 5.3.1.3 Rest of the North America
- 5.3.2 Asia-Pacific
- 5.3.2.1 China
- 5.3.2.2 India
- 5.3.2.3 South Korea
- 5.3.2.4 Rest of the Asia-Pacific
- 5.3.3 Europe
- 5.3.3.1 United Kingdom
- 5.3.3.2 Germany
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of the Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of the South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of the Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Schneider Electric SE
- 6.3.2 DuPont de Nemours Inc
- 6.3.3 ABB Ltd
- 6.3.4 General Electric Company
- 6.3.5 Siemens AG
- 6.3.6 Arcteq Relays Ltd.
- 6.3.7 Eaton Corporation Plc
- 6.3.8 Larsen & Toubro Limited
- 6.3.9 Littlefuse Inc
- 6.3.10 NR Electric Co. Ltd.
- *List Not Exhaustive
- 6.4 Market Ranking/Share Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Manufacturing Sector across the Developing Nations
Arc Flash Protection Industry Segmentation
An arc flash is an unbridled release of energy caused by an electric arc that exposes any person within its reach to many hazards. Arc flash protection aims to lessen the quantity of personal protective equipment (PPE) and potential arc flash energy to levels that allow tasks to be performed on equipment smoothly and unobtrusively.
The arc flash protection market is segmented by equipment, end-user, and geography (North America, Asia-Pacific, Europe, South America, and the Middle East and Africa). By equipment, the market is segmented into arc flash detection & control systems and personal protection equipment. By end-user, the market is segmented into utilities, manufacturing & processing industries, oil & gas, and other end-users. The report also covers the market size and forecasts for the arc flash protection market across major regions.
For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Equipment | Arc Flash Detection & Control System | |
| Personal Protection Equipment | ||
| End-User | Utilities | |
| Manufacturing & Processing | ||
| Oil & Gas | ||
| Other End-Users | ||
| Geography | North America | United States of America |
| Canada | ||
| Rest of the North America | ||
| Geography | Asia-Pacific | China |
| India | ||
| South Korea | ||
| Rest of the Asia-Pacific | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Rest of the Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of the South America | ||
| Geography | Middle-East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Rest of the Middle-East and Africa |
Arc Flash Protection Market Research FAQs
How big is the Arc Flash Protection Market?
The Arc Flash Protection Market size is expected to reach USD 3.25 billion in 2024 and grow at a CAGR of 4.18% to reach USD 3.99 billion by 2029.
What is the current Arc Flash Protection Market size?
In 2024, the Arc Flash Protection Market size is expected to reach USD 3.25 billion.
Who are the key players in Arc Flash Protection Market?
Schneider Electric SE, DuPont de Nemours Inc., ABB Ltd, General Electric Company and Siemens AG are the major companies operating in the Arc Flash Protection Market.
Which is the fastest growing region in Arc Flash Protection Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Arc Flash Protection Market?
In 2024, the North America accounts for the largest market share in Arc Flash Protection Market.
What years does this Arc Flash Protection Market cover, and what was the market size in 2023?
In 2023, the Arc Flash Protection Market size was estimated at USD 3.11 billion. The report covers the Arc Flash Protection Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Arc Flash Protection Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Arc Flash Protection Industry Report
Statistics for the 2024 Arc Flash Protection System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Arc Flash Protection System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
