Global Arc Flash Protection Analysis Report 2023: Market to Reach $3.2 Billion by 2030 - Soaring Investments on Utilities Amid Rising Demand for Electricity Favors Growth
DUBLIN, Nov. 20, 2023 /PRNewswire/ -- The "Arc Flash Protection - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Arc Flash Protection Market to Reach $3.2 Billion by 2030
The global market for Arc Flash Protection estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
This report provides an extensive analysis of the global arc flash protection market, organized into various tables for easy reference. It covers different aspects of the market, including arc flash protection, control systems, detection systems, personal protective equipment, and their application in various industries such as utilities, manufacturing & processing, oil & gas, transportation & infrastructure, and other end-uses.
Arc Flash Control Systems, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Arc Flash Detection Systems segment is estimated at 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $573.1 Million, While China is Forecast to Grow at 7.7% CAGR
The data includes independent analysis of annual sales in US$ Thousand for the years 2014 through 2030, with a focus on geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The report also includes insights into recent past, current, and future sales trends, along with percentage Compound Annual Growth Rates (CAGR) where applicable. Additionally, it provides a 16-year perspective, illustrating the percentage breakdown of value sales for select years within this period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast o grow at approximately 4.1% CAGR.
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 33 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/cb454w
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