ARC FLASH FEATURE GLOBAL ARC FLASH REPORT PUBLISHED
The Arc Flash Protection - Market Analysis, Trends, and Forecasts report has been added to Research And Markets’ offering
over US$34.3m to the region’s size and clout in the next five to six years. Over US$29.6m worth of projected demand in the region will come from rest of Europe markets. In Japan, arc flash control systems will reach a market size of US$51.5m by the close of the analysis period. As the world's second largest economy
T
he arc flash protection market worldwide is projected to grow by
US$710.8m, driven by a compounded growth of five per cent, says the report. Arc flash control systems, one of the
segments analysed and sized in this study, displays the potential to grow at over 5.3 per cent. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the
changing pulse of the market. Poised to reach over US$1.4bn by the year 2025, arc flash control systems will bring in healthy gains, adding significant momentum to global growth. Representing the developed world, the
United States will maintain a 4.2 per cent growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add
and the new game changer in global markets, China exhibits the potential to grow at 8.1 per cent over the next couple of years and add approximately US$92.2m in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. The report also states that several
macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
Research And Markets
researchandmarkets.com
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ELECTRICAL ENGINEERING | DECEMBER / JANUARY 2020 11
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