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Arc Flash Protection System Market

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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An electrical explosion known as an “arc flash” happens when there is a low-impedance connection to a power source. Electrical equipment damage or improper maintenance are also causes of this. When an arc flash happens, it may result in equipment damage as well as significant harm to adjacent occupants.

Arc flash hazards can be avoided by taking a number of precautions to safeguard people and equipment. One is to keep electrical equipment in good condition. This entails doing regular checks and tests on the machinery and replacing any worn or damaged parts. The employment of arc-flash-rated personal protective equipment (PPE) is an additional option. This includes gear like hats, gloves, and clothing that is made to withstand the heat and energy of an arc flash.Electrical equipment can also be fitted with arc flash protection systems. When an arc flash is detected, these systems automatically cut off the power to the affected equipment. By doing this, accidents and equipment damage may be reduced.

As knowledge of arc flash hazards grows, it is anticipated that the market for arc flash protection systems will expand in the years to come. This will probably encourage more businesses to equip their electrical equipment with arc flash safety technologies.

2. Market Expansion
Because more end users are becoming aware of the potential risks associated with arc flash accidents, the global market for arc flash prevention systems is expanding quickly. According to a MarketsandMarkets analysis, the market for arc flash protection systems is anticipated to grow from USD 1.17 billion in 2018 to USD 1.63 billion in 2023, at a CAGR of 7.1%. The strict government rules governing worker safety, the expanding industrial sector, and the increasing incidence of arc flash occurrences are the main factors driving the growth of this market.

An electrical explosion known as an “arc flash” happens when energy is suddenly released as a result of an arcing fault between conductors. The workers may suffer life-threatening injuries as a result of this energy release, as well. The use of arc flash protection devices in workplaces is required by strict laws that have been created by various government bodies to safeguard workers from such threats. Construction, manufacturing, oil and gas, and power generation are the main end-users of arc flash protection systems.

With so many manufacturers present, the market for arc flash protection systems is very competitive. ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), and General Electric are the leading companies in this market (US).

3. Market Difficulties
As the risks associated with arc flash occurrences become more widely recognised, the market for arc flash prevention devices is expanding quickly. To make these systems more broadly accessible and efficient, there are still several issues that need to be solved.

Arc flash protection system costs are one of the main obstacles. These systems can be highly pricey and frequently require a sizable initial commitment. Many firms, especially small and medium-sized ones, may find this to be a hurdle.

The absence of standards for arc flash protection systems is another difficulty. Arc flash protection systems come in a wide variety of styles and brands, making it challenging to choose the right one for your requirements. It may be challenging to compare costs and locate the best deal due to the lack of uniformity.

The lack of knowledge about the risks associated with arc flash occurrences is a further obstacle facing the market for arc flash prevention systems. Due to the fact that many individuals are still unaware of the possible effects of an arc flash incident, they might not recognise the necessity of an arc flash protection system. The market’s expansion may be hampered by this lack of knowledge.

4. Key Market Trends
The market for arc flash protection systems is anticipated to expand at a CAGR of about 6% from 2020 to 2025.

The growing use of arc flash relays is one of the major market trends. Devices called “arc flash relays” are used to shield equipment from an arc flash’s potentially harmful effects. These relays are positioned between the circuit breaker and the equipment that has to be protected. When they notice an arc flash, they alert the circuit breaker, which trips and shuts off the circuit. This shields the machinery from the high pressures and temperatures produced by an arc flash.

Arc flash mitigation products are becoming more and more popular, which is another significant market trend. Products for arc flash mitigation are used to lessen the severity of arc flashes. These goods come in the form of face shields, gloves, and apparel that is arc-flash resistant. They are employed to safeguard employees against the negative consequences of an arc flash, including burns, eye damage, and breathing issues.

Another significant development in the market is the growing implementation of safety regulations. More and more businesses are adopting safety standards like NFPA 70E and IEC 61439 to guarantee the safety of their personnel. In specific situations, these standards require the installation of arc flash protection equipment. This is anticipated to fuel the demand for arc flash protection systems.

Another significant industry trend is the escalating cost of arc-flash accidents. Arc flash accidents are expensive, both in terms of the equipment damage they result in and the worker injuries they result in. Arc flash protection systems are becoming more in demand as a result of this.

Another important industry development is the growing use of renewable energy. As worry over climate change grows, renewable energy sources like solar and wind are gaining popularity. Arc flash events in solar and wind farms are anticipated to rise as a result of this.

5. Impact of Market COVID-19
The market for arc flash protection systems has been significantly impacted by the COVID-19 pandemic epidemic. The pandemic is anticipated to cause a slowdown in the market’s growth in 2020. From 2021 to 2027, the market is anticipated to bounce back and expand at a CAGR of 5.1%.

The worldwide economy has slowed down as a result of the COVID-19 pandemic. The market for arc flash protection systems has suffered as a result. From 2019 to 2020, the market was projected to expand at a CAGR of 6.2%. The market has, however, slowed down as a result of the pandemic, and from 2021 to 2027, it is anticipated to develop at a CAGR of 5.1%.

The lockdown implemented by various governments throughout the world to stop the pandemic’s spread is the main cause of the market downturn. Arc flash protection system manufacturing has decreased as a result of this. The decline in demand for arc flash protection systems is another factor contributing to the market slump. Demand has decreased as a result of the pandemic-related deferral of numerous industrial and commercial projects.

The epidemic is anticipated to have a brief effect on the market. From 2021 to 2027, the market is anticipated to recover from the pandemic and expand at a CAGR of 5.1%. The market is anticipated to be driven by factors such as rising investment in the power sector, increased awareness of the value of arc flash protection systems, and strict government rules governing worker safety in the power sector.

6. Market and Important Industry Trends
Due to the increased awareness of the risks associated with arc flash incidents and the demand for adequate protection against them, the market for arc flash protection systems is expanding quickly. The following are some significant industrial innovations that are fueling this market’s expansion:

1. Strict government rules: To protect employees from the risks of arc flash accidents, numerous governments throughout the world are enforcing strict regulations on the usage of arc flash protection devices. This is leading to an increase in demand from many end-use sectors for these systems.

2. Technological developments: The market for arc flash protection systems is gaining from the ongoing technological developments occurring in this industry. Many manufacturers are developing updated arc flash protection systems that provide stronger defence against arc flash mishaps.

3. Growing awareness of arc flash accidents: Both employees and employers are becoming more aware of the risks associated with arc flash accidents. As a result, there is a rise in the demand for arc flash protection devices as people seek means of preventing these mishaps.

4. Increasing industry: Arc flash protection systems are becoming more and more in demand as a result of global industrialization. This is due to the fact that arc flash mishaps are more likely to happen in industrial settings where electrical equipment is used more frequently.

5. Growing construction sector: The demand for arc flash protection systems is also being driven by the expanding construction sector. This is due to the possibility of arc-flash incidents during the design and installation of electrical equipment.

6. Growing demand from Asia-Pacific: Due to the region’s rapid economic development, numerous end-use sectors are experiencing an increase in demand for arc flash protection systems.

7. The Verdict
An electrical explosion known as an arc flash happens when two electrical conductors meet in a low-impedance way. During the use, upkeep, or repair of equipment, arc-flash accidents can happen.

A significant quantity of energy can be released when an arc flash occurs. Light, heat, sound, and debris are all products of this energy’s discharge. Arc-flash events can result in fatalities as well as severe injuries like burns and blindness. They might harm machinery as well.

Systems for arc flash protection are created to safeguard people and property from the risks associated with arc flash accidents. Personal protective equipment, arc-flash-rated clothing, arc-flash mitigation systems, and arc-flash detection systems are a few examples of these systems.

Systems for arc flash prevention are crucial components of any safety strategy. Businesses may help to prevent these occurrences from happening and protect their personnel and equipment by being aware of the risks associated with arc flash incidents and putting in place suitable protection mechanisms

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