ELECTRICAL SAFETY MANAGEMENT MARKET ANALYSIS

Electrical Safety Management Market, By Type of Solution (Electrical Safety Training and Certification, Electrical Safety Audits and Inspections, Electrical Safety Equipment, Electrical Safety Software and Monitoring Systems, and Electrical Safety Consulting and Advisory Services), By End Use Industry (Manufacturing, Construction, Energy and Utilities, Healthcare, IT and Telecommunications, Transportation, Oil and Gas, and Others), By Service Provider (In-House Electrical Safety Management Teams, Third-Party Safety Consulting Firms, Equipment Manufacturers Offering Safety Solutions, Technology Providers for Safety Monitoring Systems, and Government Agencies and Regulatory Bodies), By Application (Power Distribution and Substations, Industrial Machinery and Equipment, Electrical Installations in Buildings and Infrastructure, Power Generation, and Electrical Maintenance and Repairs), By Company Size (Small and Medium-sized Enterprises and Large Enterprises), By Safety Standard (National Electrical Code, International Electrotechnical Commission Standards, Occupational Safety and Health) Administration Regulations, and Other Local and International Safety Standards), By Component (Hardware, Software, and Services), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In October 2023, Vedanta Aluminium, the largest aluminum producer in India, unveiled a new range of advanced wire rods, namely T4, AL59, and the 8xxx series, establishing a new paradigm of excellence in product offerings for the global power and transmission sector
In 2022, MSA is an American manufacturer and supplier of safety equipment designed for use in a variety of hazardous conditions in industries such as construction, the military, fire service, and chemical, oil, and gas production, launched a new Sentinel Arc Flash Suit: MSA has launched a new Sentinel Arc Flash Suit that is designed to provide users with the highest level of protection from arc flash hazards. The suit is made from a new material that is more resistant to heat and flame than traditional arc flash suits.
In 2022, Schneider Electric company that specializes in digital automation and energy management, launched new PowerLogic Arc Flash Analyzer: Schneider Electric has launched a new PowerLogic Arc Flash Analyzer that helps businesses assess the risk of arc flash in their electrical systems. The analyzer uses a variety of factors to calculate the arc flash hazard including the voltage, current, and conductor type.

Acquisitions and Partnerships

In 2021, Hubbell Power Systems engages in the design and manufacture of a wide variety of transmission, distribution, substation, underground, OEM and communications products used by utilities, acquired Arc Flash Safety Solutions. Arc Flash Safety Solutions is a leading provider of arc flash safety software and training. The acquisition will help Hubbell Power Systems expand its product offerings and reach a wider audience.
In 2022, ABB a provider of electrification and automation technologies and solutions, acquired Safeline. Safeline is a leading provider of arc flash protective clothing. The acquisition will help ABB expand its product offerings and provide its customers with a more comprehensive range of electrical safety solutions.
In 2022, Klein Tools manufacturer worldwide focused on electrical and utility applications, partnered with MSA. MSA is a leading provider of arc flash protective clothing and equipment. The partnership will allow Klein Tools to offer its customers a wider range of electrical safety products and services.