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Global Electric Fencing Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by Deployment of Electric Fencing in Commercial Settings

According to a new report by EMR titled, ‘Global Electric Fencing Market Report and Forecast 2022-2027’, the market attained a value of over USD 337.06 million in 2021. The industry is further expected to grow at a CAGR of 5.5% in the forecast period of 2022-2027 to reach a value of more than USD 464.16 million by 2027.

The global market for electric fencing is being driven by its applications in multiple environments like farms, security areas, offices, etc. Robust government investments in strengthening the international borders are one of the many factors propelling the market growth of electric fencing globally. Electric fences are equipped with multiple levels of security technologies that provide an early warning signal to the intruder by not causing any harm. In addition to this, electric fences in consumer settings are gradually gaining public attention, which is another driving factor augmenting the growth of the market. Public and private spaces like societies, offices, parks, and malls, among others, deploy electric fences to impede access to unauthorised beings, including animals or criminals. The cost-friendly, reliable, and effective designs engineered by leading industry players, such as Arthur J. Gallagher and Co. (NYSE: AJG) are pushing the overall growth of the market.

Amarok, a global leader in the market for electric fencing, recently announced the launch of FORTIFEYE, an electric fencing solution in August 2020. The first-to-market electric fencing solution for businesses, FORTIFEYE, is engineered to deter theft, detect activity, and detain intruders. The electric fencing system is integrated with electric security fencing, video surveillance, and video monitoring to ensure maximum security. Starting with the first level of security, the 7,000-volt solar electric fence serves as a preventive measure to stop intruders. The second level of security is provided by the high-resolution video cameras installed at strategic points that trigger loud alarms while capturing images. The third line of defence  is video surveillance with security professionals monitoring the property. Such developments by leading market players are providing impetus to the overall growth of the market.

Market Segmentation by Type, Application, and Region:

  • On the basis of type, the market segmentations include permanent fence and portable fence.
  • Based on applications, the market can be categorised into agriculture, wild animals, pets, and security, among others.
  • The major regional markets for the product are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the deployment of electric fencing in agricultural farms to protect livestock from wild animals.
  • The incorporation of advanced digital technology such as the Internet of Things (IoT) to facilitate remote operation through smartphones is expected to drive the market growth of electric fences in the coming years.
  • Government efforts to secure the agriculture sector in view of rising world populations and the subsequent rising demand for food crops is positively influencing the growth of the market.
  • The cost-friendly, reliable, and effective designs of electric fences manufactured by key industry players for applications in commercial and private settings are proving impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global electric fencing industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, applications, and regions of electric fencing.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global electric fencing market are Dare Products Inc, Arthur J. Gallagher and Co., High Tech Pet Products, Inc., Kencove Farm Fence Supplies, and Radio Systems Corporation (Petsafe), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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