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 Forecasts, 2022-2029

The global electric fencing market size was valued at USD 305.5 million in 2021. The market is projected to grow from USD 321.1 million in 2022 to USD 484.2 million by 2029, exhibiting a CAGR of 6.04% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with electric fencing witnessing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of -14.99% in 2020 as compared to 2019.

Electric fencing is easy to install, lightweight and has a higher capacity. It is made up of many bare wire conductors and technologically advanced insulators coupled to the fence energizer. A power source and ground rods are also connected to it. The use of electric fencing by military forces to close international boundaries is likely to fuel the industry. Furthermore, the rising use of electric fences by farm owners to safeguard land from wild animals by erecting a barrier that keeps the farm safe from encroachment is expected to increase the demand in the near future. Increased demand for an electric fence system for warehouse security, storage center security, and agricultural security is expected to propel the electric fence market growth.

A solar panel power generation system is used to power electric fencing in distant places. Solar panels are utilized as an alternative to electric power in rural places when electric power is not available. Solar panels are commonly used to charge batteries and provide power to metal fences. A solar panel-based fencing solution solves the lack of electric supply issues in hilly places. A WiFi-enabled IP energizer is utilized in the solar power enclosure to monitor solar-based fencing using modern operating systems such as Android and IOS.

RUSSIA-UKRAINE WAR IMPACT

Rise in Adoption of Electric Fencing during Russia-Ukraine War to Strengthen Border Security

The recent Ukraine-Russia war has brought border security and defense modernization to light. Governments around the world have begun to acquire modern security solutions strategically to improve defense capabilities. With this, the importance of border fencing has been revived. Several countries in the Asia Pacific have been alarmed by the ongoing war. The Asia Pacific has witnessed several border disputes and conflicts. Hence, modern border management solutions focusing on smart technologies, such as smart electric fences, smart sensors, IoT, artificial intelligence, machine learning, and advanced surveillance systems, are being adopted in this region.

COVID-19 IMPACT

COVID-19 Impact on the Electric Fencing Market Tends to Cause a Slowdown in the Overall Demand

Since the coronavirus outbreak began in December 2019, the disease has spread to nearly 140 nations worldwide. Coronavirus has already been labeled a global pandemic by the World Health Organization (WHO). The pandemic's global impact has already been felt, and it will have a substantial effect on the electric fence business in the coming years. The coronavirus pandemic has had a significant impact on the U.S. economy, with some businesses temporarily closing and massive supply chain disruptions occurring across the country. As a result of high expenditure on COVID-19 recovery, the U.S. Congressional Budget Office estimates that the federal budget deficit will be upwards of USD 3.7 trillion in the fiscal year 2020-2021 and above USD 2 trillion in the fiscal year 2022-2023. It might have long-term consequences for defense spending.

The decline in demand for electric fences has altered the industry's dynamics. The lockdown situation during COVID-19 has significantly influenced the industrial sector, resulting in a slowdown in production across various industrial units. Furthermore, due to lower demand, many small businesses that produce the product are going out of business. Due to strict lockdown requirements and global shortage of competent workers, production is at standstill. It has a direct influence on the market due to lower demand from the commercial and defense sectors.

LATEST TRENDS

Rising Demand for IoT-enabled Solutions from Multiple End-use Industries to Boost Market Growth

The latest technical trend is an Internet of Things (IoT) solution based on cloud router technology. A nimbus gateway connects the fence devices to the cloud router. The cloud router technology's main characteristics are real-time alerting, a user-friendly interface, and an advanced log system. The cloud router is a technologically advanced gateway that routes signal connections between cloud router administrators and users of electric fences and their gadgets in their respective fields. Warehouse security management makes extensive use of cloud router technology. The market is expected to grow as more companies in the U.S. utilize IoT-based cloud router technology for warehouse security.

DRIVING FACTORS

Increase in Adoption of Electric Fencing by Armed Forces to Strengthen National Boundaries

Electric fence is being used by several armed services throughout the world to prevent incursions near international borders. For example, in September 2020, according to a report by the Indo-Asian News Service (IANS), Indian soldiers set up barbed electric wires in Ladakh to settle the border conflict with China. In addition, Russia's armed forces have installed electric fences along the China-Russia border. In Rajasthan, India, ordinary wires are used to closing the 840 km India-Pakistan border. Electrified cobra wires will totally encase typical wire setups in the coming years. The barbed electric wires can electrocute anyone who tries to cut them, alerting security forces. As a result, the market is growing due to the rising demand for barbed electric wires from various military troops throughout the world.

Increase in Adoption of Electric Fencing by Farm Owners to Aid Growth

An electric fence is more effective for farm safety since it inhibits illegal wild animal infiltration. Wild animals are deterred from invading farms by a well-maintained fencing system that gives them mild electric shocks. As a result, it serves as a formidable physical barrier to farm security. The industry is expected to grow further as farm owners embrace electric fences to protect their land from wild animals. This surveillance system is based on an electric fence. If a wild animal tries to get through the fence, the monitoring system alerts the farmers immediately.

RESTRAINING FACTORS

High Maintenance Cost of Electric Fencing to Limit Market Growth

The expensive cost of upgrading and maintaining traditional fencing limits market growth. The high maintenance cost is due to the need to install fences across international borders and inspect them regularly to ensure optimal utilization. Due to high maintenance costs, end-users are exploring other options, such as unmanned systems, which may slow down the market growth.

SEGMENTATION

By Type Analysis

Increase in Usage of Permanent Fence Owing to Rising in Border Protection Propel the Segment Growth in 2021

Based on type, the market is segmented into permanent fences and portable fences.

The permanent fence segment held a dominant electric fencing market share in the base year. The growth is due to the increasing need to protect international borders due to growing disputes among neighboring countries. Rising cases of illegal border crossings across the world are significant factors driving the adoption of permanent electric fences for security applications.

The portable fence segment is anticipated to grow at the highest compound annual growth rate during 2022-2029. Portable fencing has several benefits over permanent fencing, including low cost, easy installation, extended life, easily movable, high flexibility, low maintenance, and low stock damage. These advantages have increased the demand for electric fencing for agriculture, pet, and commercial security applications.

By Application Analysis

Increased Adoption of Electric Fence for Agriculture Application to Boost Segment Growth

The market is classified into agriculture, wild animals, pets, security, and others depending on the application. The agriculture segment is expected to be the largest during the forecast period. This increase can be attributed to landowners using electric fencing to protect their crops and valuables from a wide range of wild and domestic animals. Increased need for electric fences from the armed forces to restrict terrorist activities in isolated places is projected to drive the security segment at the highest CAGR during the forecast period.

REGIONAL INSIGHTS

The global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa based on region.

In 2021, the North American market was worth USD 145.4 million. The region's dominance is due to a growing focus on national security and the increased usage of electric fences by the U.S. to cover the U.S.-Mexico border and prevent the entry of Mexican migrants.

During the forecast period, the Europe electric fencing market growth is expected to rise significantly. The increased use of electric fences for homeland security is credited with the expansion in Europe.

The Asia Pacific is expected to be the fastest-growing market during the projection period. The increased defense spending from emerging economies, such as China and India, for concertina coils, razor wire, barbed wire, and chain-link fencing is ascribed to this growth. The Indian armed forces deploy underwater and subsurface sonar sensors to secure a 60-kilometer stretch of the India-Bangladesh border and identify any illegal cross-border activity.

During the projected period, the markets of South America and the Middle East & Africa are expected to grow significantly. This increase in growth can be attributed to the increased deployment of electric fencing for border protection to prevent goods and drugs smuggling.

KEY INDUSTRY PLAYERS

Key Players are Driving Market Growth Through Technological Innovation

The design of technologically advanced electric fencing with solar panels and cost-effective border security systems is an upcoming industry trend. A diverse electric fence product portfolio and novel research procedures, such as integrated electric security fencing, video monitoring, and video surveillance, to produce the ultimate crime prevention solution implemented by key companies are projected to drive market growth.

LIST OF KEY COMPANIES PROFILED:

• Dare Products (U.S.)


• Gallagher (U.S.)


• High Tech Pet (U.S.)


• Kencove (U.S.)


• Mpumalanga (South Africa)


• Parker McCrory Mfg Co ( U.S.)


• PetSafe (U.S.)


• Premier1Supplies (U.S.)


• Tru-Test Group (New Zealand)


• Woodstream (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• March 2022 - PetSafe, a global pioneer in pet product solutions, is expanding its line of pet confinement systems with the inclusion of the Classic in-Ground Fence system. This is the first in a new line of PetSafe in-ground fencing. With a personalized boundary of up to five acres and compatibility with Pawz Away Pet Barriers, this system provides containment and avoidance solutions and added adaptability.


• December 2021 - The Indian Air Force (IAF) inked a contract with Bharat Electronics Limited to install systems at air bases across the country. The Indian government has approved the Integrated Perimeter Security System (IPSS), an integrated smart power fence system for 23 airbases.


• October 2020 - Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced that it has entered into a definitive agreement to sell Woodstream, a leading manufacturer and marketer of branded pets and animal control products, to Bansk Group.


• May 2021 - Datamars SA announced that it has partnered with Cabi Group to expand the distribution network of the world renowned speedrite electric fencing products in France.


• June 2020 - In the fiscal year 2020-21, under the National Agriculture Development Scheme, USD 0.41 million was allocated to encourage solar electric fence systems for farmlands in Tamil Nadu.

REPORT COVERAGE

The research report offers a technical analysis of the market and the most recent technological advancements, focusing on key aspects such as leading market players, COVID-19 effect, and product research ideology. Aside from that, the study provides insights into the market trends as well as important industry advancements and trends. Furthermore, the study discusses several aspects that may influence market growth throughout the projection period.

Report Scope & Segmentation