Electric Fencing Market will exhibit a CAGR of 5.71% between 2020 and 2027, and reach USD 438.45 million by 2027, and the Market value as per 2019 was USD 349.60 million.
Fortune Business Insights™ in a new report, titled, “Electric Fencing Market Size, Share & COVID-19 Impact Analysis, By Type (Permanent Fence and Portable Fence), By Application (Agriculture, Wild Animals, Pets, Security, and Others), and Regional Forecast, 2020-2027.”
Electric Fencing Market Drivers and Restraint:
Usage of Electric Fencing by Armed Forces to Seal International Borders is Strengthening the Market Growth
Several armed forces across the globe are using this type of fencing to prevent the rising cases of intrusion near the international borders. For instance, in the forthcoming years, the armed forces of China are giving preference to spread out barbed electric wires near the Ladakh valley over the border dispute with India. Additionally, the armed forces of Russia adopted an electric fence to secure the China-Russia border. In India, the ordinary wires are used to seal the 830 km of India-Pakistan border in Rajasthan. The ordinary wire setup will be completely sealed by using electrified cobra wires in the upcoming years. The barbed electric wires can electrocute a person attempting to cut it and further sets an alert to the security forces. Therefore, the increasing demand for barbed electric wires by the several armed forces across the world is propelling market growth.
Increasing Adoption of Electric Fencing by Farm Owners to Aid Growth
The electric fencing solution is more effective for farm safety as prevents unauthorized entry of wild animals. A well-maintained fencing setup ensures that the wild animals receive minor electric shocks that prevent them from entering the farms. Therefore, it proves to be a strong physical barrier for farm security. The increasing adoption of the electric fence from farm owners to secure land from wild animals is further anticipated to boost the market. In June 2018, sensor specialist Luda Limited announced the development of an advanced monitoring system. This monitoring system is built on an electric fence system. If any wild animal tries to enter through the fence, the monitoring system quickly sends an alert to the farmers.
List of Key Players Covered in the Electric Fencing Market Report:
- Dare Products (The U.S.)
- Gallagher (The U.S.)
- High Tech Pet (The U.S.)
- Kencove (The U.S.)
- Mpumalanga (South Africa)
- Parker McCrory Mfg Co (The U.S.)
- PetSafe (The U.S.)
- Premier1Supplies (The U.S.)
- Tru-Test Group (New Zealand)
- Woodstream (The U.S.)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/electric-fence-market-103521
Some of the key industry developments in the Electric Fencing Market Include:
- December 2019 – Parker McCrory Mfg. Co (The U.S.) launched a technologically advanced MODEL DF-SP-LI (BEST). This is an advanced electric fencing charger that has the ability to charge a six-volt solar-powered model. It can be used for medium-sized pastures and fencing for cattle, along with clear weed-free fences.
- December 2019 – Senstar Corporation signed a contract with BGW Technologies to provide flex zone fence-mounted sensors, ultra-weave microwave sensors, and OmniTRAX buried sensors to meet the evolving security needs of national warehouses.
