Press release
Arc Flash Protection Equipment Set to Increase at a Steady 5.2% CAGR, Projected to Surpass US$ 4 Billion by 2032 | Fact.MR Report
Arc Flash Protection Market
Arc flash is an electrical accident that produces a high-temperature explosion caused by the rapid release of energy caused by an electric arc. Arc temperatures reach 35,000°F, four times the temperature on the surface of the sun, and can melt nearby metal, ignite fires, and produce fatal burns to people in the vicinity of the accident. In addition, the noise associated with arc flash pressure can be as high as 160 decibels (dB), which would make human eardrums burst instantly.
Arc flash takes place due to a number of reasons. Tool or foreign object accidental fall into equipment, faulty equipment, dust buildup, improper maintenance, careless replacement or removal of cover and device, improper alignment of moving contacts, or dielectric failure are some of the causes.
Some of the most common arc flash hazards are pressure wave injuries, blindness, serious burns, shrapnel injuries, blast injuries, eardrum damage, and lung blast injuries, among others.
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Key Takeaways from Market Study:
1. Arc flash protection market size in 2022 was US$ 2.4 billion.
2.Projected market value by 2032 is US$ 4 billion.
3. Global market is expected to grow at a CAGR of 5.2% from 2022 to 2032.
4. Personal protective equipment segment is projected to grow at a 3.9% CAGR from 2022 to 2032.
Leading Players Driving Innovation in the Arc Flash Protection Market:
ABB; Rittal GmbH & Co. KG; Arcteq Oy; Littelfuse, Inc; PowerPoint Engineering, Ltd; DuPont de Nemours, Inc; Schneider Electric SE; Eaton Corporation Inc; G&W Electric Co; Larsen & Toubro Limited; Mors Smitt Technologies Inc; Siemens AG
Country-wise Insights:
The United States arc flash protection market collected US$ 523.6 million in 2021. The United States will lead the North American market over the next decade
Many fire safety standards established by the National Fire Protection Association (NFPA) and Occupational Safety and Health Administration (OSHA) in the United States will drive the demand for arc flash prevention systems.
Which Countries are Propelling Market Growth in Asia Pacific?
Demand for arc flash protection equipment in Asia Pacific is expected to grow significantly during the forecast period.
Japan and South Korea are driving market growth in Asia Pacific. Government and key regulatory institutions in these economies have increased awareness of workplace safety, which has spurred demand for arc flash protection equipment.
Browse Full Report: https://www.factmr.com/report/arc-flash-protection-market
Why is Germany Dominating the European Market for Arc Flash Protection?
Europe arc flash protection equipment sales are estimated to increase during the study period.
Germany is dominating the European market. The government of Germany is planning to build more transmission lines connecting northern and southern Germany. The project will be finished by 2025. During this period, the sale of arc flash protection equipment is expected to shoot up.
Arc Flash Protection Market News:
Ansell Limited, an Australian protective industrial gloves manufacturer, partnered with ProGlove, an industrially wearable development firm from Germany, in November 2021. This partnership was established to develop hand protection solutions based on industrial Internet of Things (IIoT) technologies to deliver the right personal protective equipment within the workplace.
Schneider Electric launched the medium-voltage protection relay with unparalleled effectiveness in November 2020. As a cutting-edge arc flash prevention mechanism, the Easergy P3 system is engineered to reduce operation time and equipment wear.
Centurion Safety Products released the Contour XIII, an arc flash face protection system, in November of 2020. The new system offers enhanced safety through better wearability, visibility, and durability.
Eaton, an electric power management company, created a new arc flash protection systems standard in April 2020. To ensure enhanced safety, the new arch quenching switchgear process extinguishes an arc ten times faster than standard procedures. With the new tech, there are potential increased features for safety plus decreased downtime within utility, oil and gas, healthcare, and many other applications.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global Honeycomb Ceramic Soldering Block recycling market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The arc flash protection industry is segmented based on equipment, end-use, and region. Equipment types include arc flash control systems, arc flash detection systems, and personal protective equipment (PPE). In terms of end-use, the market is divided into utilities, manufacturing & processing, oil & gas, transportation & infrastructure, and other sectors. Regionally, the market is categorized into North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA). These segments play a critical role in shaping the demand for arc flash protection solutions across various industries and regions.
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