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

The global electric fencing market size was USD 349.6 million in 2019 and is projected to reach USD 438.4 million by 2027, exhibiting a CAGR of 5.71% during the forecast period.

The rising demand for an electric fencing system for warehouse security, storage center, and farmland security is likely to fuel the electric fence market growth during the forecast period. An easy construction, lightweight, and more durable fencing capacity are the prime characteristics of this fencing. It is a combination of multiple conductors of bare wire and technologically advanced insulators that are connected to the fence energizer. It is further connected to a power source and earth rods. The factor expected to drive the market is the usage of this type of fencing by armed forces to seal international borders. Moreover, increasing adoption of the product from farm owners to secure land from wild animals by creating a barrier that keeps farm safe from any intrusion is anticipated to boost the market in the near future.

Electric fencing is used in remote areas by using the solar panel power generation system. In remote areas, where electric power is not available, solar panels are used as an alternative option. These solar panels are widely used to charge the battery and help supply power to the metal fence. In hilly areas, the lack of an electric supply issue is solved by a solar panel-based fencing system. In the solar power enclosure, a wifi-enabled IP energizer is used to monitor solar-based fencing set up through modern operating systems such as Android and IOS. In August 2019, JVA Technologies launched the Jumbo (JMB) electric fence energizer series. The JMB series is used to store 46J of stored energy. The JMB series consists of a JVA Virtual Keypad that is used to control, monitor, and program the energizer from Wi-Fi enabled devices such as smartphones, tablets, and laptops.

COVID-19 Pandemic to Result in Reduction of Defense Budget

Since the COVID-19 virus outbreak in December 2019, the disease has been spreading to almost 140+ countries around the world. The World Health Organization (WHO) has already declared coronavirus a global pandemic. The global impact of the pandemic has already been experienced, and will significantly impact on this market in the forthcoming years. COVID-19 has largely affected the U.S. economy as businesses are slightly shuttered and major disruptions across supply chains are being experienced in the country. The U.S. Congressional budget office has estimated that the federal budget deficit will be at least USD 3.7 trillion in the current fiscal year (2020-2021) and will exceed USD 2 trillion in fiscal year (2021-2022) as a result of spending on COVID-19 recovery. It could have long-term implications on the defense budget.

The reduction in the demand for electric fencing has changed the dynamic of this global industry. Due to the national lockdown implemented all over the world, there has been a huge impact on the industrial sector that results in the slowdown of production across several industrial units. Furthermore, many small companies that are engaged in the production of the product are going bankrupt due to less demand. The production halt is occurring due to the stringent lockdown regulations and the lack of a skilled workforce across the globe. It is directly impacting the market owing to the decreasing demand from the commercial and defense sectors.

LATEST TRENDS

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Increasing Adoption of (IoT) based Solution to Propel Market

The internet of things (IoT) based solution as per cloud router technology is the latest technological trend. The fencing devices are linked with a cloud router through a nimbus gateway. A real-time notification, user-friendly interface, and advanced log system are the prime features of the cloud router technology. The cloud router is used to provide a technologically advanced portal to route signal communications between the administrators of cloud routers and the users of electric fences and their devices in their respective field. The cloud router technology is majorly used in warehouse security management. The increasing use of an IoT based cloud router technology from several U.S. based firms for warehouse security is anticipated to boost the market.

DRIVING FACTORS

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.

RESTRAINING FACTORS

High Maintenance Cost of Electric Fencing to Restrain Growth

The high cost of up-gradation & maintenance associated with replacing the conventional electric fence is hindering the market growth. The high maintenance cost is associated with the requirement to spread fences across international borders and maintain regular inspection to ensure optimum usability. Owing to the high maintenance costs, the end-users are looking for other alternatives such as unmanned systems that may hamper the market growth.

SEGMENTATION

By Type Analysis

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Permanent Fence Segment Dominated the Market in 2019

Based on type, the market includes a permanent fence and a portable fence. The permanent fence segment is anticipated to dominate due to the rising adoption of this type of fencing from the several defense services across the globe to cover up their international borders. The portable fence segment is expected to propel at the highest growth rate owing to the increasing use of portable fencing for the agricultural farm security and homeland security.

By Application Analysis

Increasing Use of Electric Fencing in Agriculture to Restrict Entry of Wild Animals and Pets, thereby Propelling the Market Growth

Based on the application, the market is classified as agriculture, wild animals, pets, security, and others.

The agricultural segment is mostly classified into three sub-categories, such as arable land (28%), permanent crops (3%), and permanent meadows and pastures (69%). The permanent meadows and pastures area accounted for the largest electric fencing market share of the agricultural segment. The agriculture segment is estimated to be the largest market segment during the forecast period. This growth is attributed to an increase in the use of electric fences from the landowner to provide security to their crop and assets from animals including wild and other domestic animals.

The security segment is expected to experience a high growth rate due to the increasing demand for the electric fence from the armed forces to restrict terrorist activities in remote areas.

REGIONAL INSIGHTS

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The market size in North America stood at USD 166.8 million in 2019. The dominance of this region is attributable to the rising focus on national security and the increasing use of this type of fencing in the U.S. This has been done to cover up the U.S.-Mexico border and restrict the unauthorized entry of Mexican migrants. The number of border apprehensions has dropped during the period of July 2019-February 2020.

Europe is projected to register significant electric fencing market growth during the forecast period. The growth in Europe is attributed to the increasing use of this fencing for homeland security.

Asia Pacific is expected to exhibit the fastest-growing market during the forecast period. This growth is attributed to the increasing defense spending from the emerging economy such as China and India for concertina coils, razor wire, barbed wire, and chain-link fencing. The underwater and underground sonar sensors are used by the Indian armed forces to secure the 60Km area of the India-Bangladesh border to detect any illegal cross-border activities.

South America and the Middle East & Africa are expected to register significant growth during the forecast period. This growth is attributed to the increasing use of this type of fencing for border security to restrain the smuggling of goods & drug activities.

KEY INDUSTRY PLAYERS

Technological Innovation Initiated by Key Market Players to Propel the Market Growth

The designing of technological advanced electric fencing with solar panels, cost-effective solutions for border security are the upcoming trends in the market. A diversified product portfolio of this type of fencing, along with innovative research processes such as integrated electric security fencing, video monitoring, and video surveillance to create the ultimate crime prevention solution adopted by key players, is a major factor that is expected to boost this market.

LIST OF KEY COMPANIES PROFILED:

• 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.)

KEY INDUSTRY DEVELOPMENTS:

• 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.

REPORT COVERAGE

An Infographic Representation of Electric Fence Market

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The electric fencing market research report is providing a technical analysis of the market along with the latest technological advancement and majorly focusing on key aspects such as leading market players, COVID-19 effect along with government bail out packages for the market, product systems, and research ideology of the product. Besides this, the report offers insights into the defense market trends and highlights key industry developments & trends. Moreover, the report provides multiple factors that will contribute to the growth of the market during the forecast period.

Report Scope & Segmentation