The Global Electric Fencing Market will be driven by the increasing application of the product in the agricultural sector during the forecast period 2022-2027

Expert Market Research‘s new report titled “Global electric fence market Report and Forecast 2022-2027′, gives an in-depth analysis of the Global Electric Fences Market, assessing the market based on its segments such as Types, Applications, and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2021): 337.06 million USD
• Forecast CAGR (2022-2027): 5.5%
• Forecasted market size (2027): 464.17 million USD

Growing application of electric fencing in the agricultural sector to prevent raiding of crops and killing of livestock is driving the growth of the market. Electric fences require lower labor and material costs, which is likely to be a driving factor in the market. Additionally, increasing adoption of portable electric fences by farmers for efficient and convenient viewing control is expected to propel the market growth over the forecast period. Meanwhile, the widespread use of electric fences in commercial and residential construction areas aimed at protecting a territory from theft and crime, is likely to be a major driving factor in the market. Geographically, North America accounts for a large share of the market due to strict government regulations in Canada and the United States, aimed at meeting the demands of the community.

Industry definition and major segments

An electric fence is built around a space to provide a physical and psychological barrier to outside resources. The electric fence system is made up of conductive wires and insulators and is powered by a fence controller. Electric fences can be of two types, portable or permanent. The success rate of electric fences depends on many factors, among which careful insulation and the elimination of stray wires are essential.

On the basis of Type, the market can be segmented into:

• Permanent fence
• Portable fence

Based on the application, the market can be divided into:

• Agriculture
• Wild animals
• Pets
• Security
• Others

Regional electric fence markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market trends

Major trends in the electric fencing market include technological advancements in fencing systems coupled with rapid digitalization in emerging economies. For example, electric fences assisted by artificial intelligence signal the presence of intruders or wild animals. Meanwhile, increasing R&D activities of major market players aimed at developing electric fences with special designs capable of withstanding and operating effectively in snowy, frozen or dry weather conditions are likely to be among other key trends in the market. market. Additionally, the market will be aided by the growing investments in remote operation technology to strengthen the wildlife fencing system.

Main market players

Major market players include 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 report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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