February 19, 2020
As per the report titled ‘Electrical Safety Personal Protective Equipment (PPE) Market Size, By Product (Head Protection [Hard Hats, Arc Rated Hoods, Protective Hoods], Eye & Face Protection [Safety Glasses, Face Shield], Hearing protection [Ear Plugs, Ear Muffs], Arc Rated Clothing, Protective Footwear, Hand Protection [Leather Protective Sleeves, Insulating Gloves], By End-Use (Electrical [Power generation, Transmission, Distribution, Electrical welding], Oil & Gas, Mining, Machinery, Construction, Automotive), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Poland, China, India, Japan, Australia, New Zealand, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019- 2025’ available with Market Study Report LLC, the global electrical safety personal protective equipment (PPE) market is projected to surpass USD 20 billion by the year 2025.
Rising focus towards the safety of personnel working in hazardous occupational environment and increasing incidences of electrical injuries are driving the growth of electrical safety personal protective equipment (PPE) market. Mandates for routine assessment and inspection, coupled with stringent workplace safety standards by OSHA and EU commission are enhancing the market outlook.
On the other hand, high cost of raw materials, poor supply chain network due to strict functional and quality standards, and the presence of low-quality products may hamper the electrical safety PPE market growth in the coming years. Complex production process and additional cost associated with it are other growth constraints for the market space.
Electrical safety personal protective equipment (PPE) protects workers from live wires, electrocutions, improper earthing, and fatal injuries. Rising safety awareness is boosting the use of PPE across various industries such as construction, manufacturing, food processing, automotive, and power generation. This factor, in conjunction with the need to reduce workplace fatality rate is supporting the market outlook.
Based on the product type, arc rated clothing segment of U.S. market is expected to amass USD 1 billion by the year 2025. Arc flashes are the most common and fatal electric hazard which involve high economic loss and incur massive compensation costs. Arc rated clothing is witnessing a high demand owing to its thermal resistance properties. These clothes protect the workers from enormous heat generated from flash accidents, thereby, augmenting the segment growth.
Likewise, hand protection segment is slated to grow significantly to accrue USD 7 billion by 2025. Hand protection equipment include insulating rubber gloves and leather protective sleeves which act as the first line of defense, thereby protecting hands, wrists, lower arms, and fingers.
Based on the end-use spectrum, electrical safety personal protective equipment market from transmission segment is expected to exhibit significant growth over the study period, owing to rapid industrialization and urbanization in emerging economies like China and India. Increasing number of personnel working on transmission lines for maintenance, tower building, and repair will further enhance the demand for electrical safety PPEs.
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Considering the geographical outlook, India electrical safety personal protective equipment (PPE) market is anticipated to witness a growth rate of 7.5% during 2019-2025. The regional growth can be attributed to increasing employee base in construction sector. In addition, inflowing investments by public and private sectors for power generation and distribution across rural areas will positively impact India market.
In addition, France electrical safety personal protective equipment (PPE) market is presumed to surpass USD 900 million by 2025, on account of growing number of renewable energy projects initiated by the government. Increasing number of windmill construction projects and maintenance for power generation will foster the industry during the forecast period. Regulatory standards by EU commission such as CE marking to ensure high product quality is another major factor contributing towards the regional growth.
The key players of electrical safety personal protective equipment market are 3M, Oberon, Ansell, UVEX Safety, Honeywell, NSA, Paulson Corp., COFRA, and Black Stallion.
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