The Electrical Safety Personal Protective Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Electrical Safety Personal Protective Equipment Global Market Report 2024, The electrical safety personal protective equipment market size has grown strongly in recent years. It will grow from $14.39 billion in 2024 to $15.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to aging electrical infrastructure, increased demand for electrical incident prevention, worker safety and injury reduction, electrical equipment maintenance, increased construction and industrial activities, and occupational safety regulations and standards.
The electrical safety personal protective equipment market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing focus on workplace safety culture, renewable energy and electrical generation growth, electric vehicle (ev) charging infrastructure, electrification of transportation, global market expansion, and increasing remote work and safety solutions. Major trends in the forecast period include advancements in arc flash protection gear, electric vehicle (ev) charging infrastructure, iot and smart wearables for safety monitoring, and sustainable and eco-friendly ppe materials, and strategic collaborations.
Growth in industrialization is significantly contributing to the growth of the electrical safety personal protective equipment market. Industrialization is the process of transformation of any economy from agricultural to manufacturing of goods by developing industries. The growth in various industries is increasing the electricity demand as well as promoting the use of electrical safety personal protective equipment to protect the workers from electrical hazards. For instance, according to the Trading Economics report, in February 2022, industrial production in the United States climbed by 7.5% year over year, the largest yearly growth since June 2021. Therefore, the growth in industrialization is promoting the growth of the electrical safety personal protective equipment market.
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The electrical safety personal protective equipment market covered in this report is segmented –
1) By Product Type: Head Protection, Eye And Face Protection, Hearing Protection, Protective Footwear, Hand Protection, Arc Rated Clothing
2) By Application: Shock Hazard, Arc Flash Hazard
3) By End-User: Electrical, Automotive, Oil and Gas, Machinery, Construction, Mining, Other End Users
Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the electrical safety personal protective equipment market. Key players in the market are focusing on partnerships and collaborations to reinforce their position. For instance, in March 2021, Unisync Corp., a Canada-based provider of corporate apparel and protective garments, announced a strategic partnership with Mark’s, a Canada-based clothing and footwear retailer specializing in casual and industrial wear, to deliver branded safety boots across its large-scale managed clothing uniform contracts, beginning with one of the company’s major airline clients. With this collaboration with Mark’s, Unisync can now expand their product offering to include footwear in a service-oriented approach.
The electrical safety personal protective equipment market report table of contents includes:
- Executive Summary
- Electrical Safety Personal Protective Equipment Market Characteristics
- Electrical Safety Personal Protective Equipment Market Trends And Strategies
- Electrical Safety Personal Protective Equipment Market – Macro Economic Scenario
- Global Electrical Safety Personal Protective Equipment Market Size and Growth
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- Global Electrical Safety Personal Protective Equipment Market Competitive Benchmarking
- Global Electrical Safety Personal Protective Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Electrical Safety Personal Protective Equipment Market
- Electrical Safety Personal Protective Equipment Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Honeywell International Inc
- Ansell Ltd
- Baymro Safety China
- COFRA Srl
- 3M Company
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