Electrical Protective Equipment Market to grow by USD 829.48 million from 2022 to 2027; Increasing demand for power to drive the growth - Technavio
NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The electrical protective equipment market is expected to grow by USD 829.48 million between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 3.92% during the forecast period. The market is segmented by end-user (manufacturing, construction, automotive, oil and gas, and others), product (PC, HAPM, HEFPM, and FLP), and Geography (North America, APAC, Europe, Middle East and Africa, and South America).
The increasing power demand is a key factor driving market growth. The increasing consumption of electricity is due to population growth, coupled with fast urbanization and industrial development. Demand for electrical protective equipment will be supported by the growth of electricity infrastructure to cope with increasing energy demand. The need to provide electric protection equipment in industries that expose their workers to different hazards of electricity is driven by the growing demand for energy.
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Key Highlights:
- The report recognizes the following as some of the key players in the electrical protective equipment market: 3M Co., Ansell Ltd., Broner Inc., Burlington Safety Laboratory Inc., CATU SAS, Cintas Corp., Delta Plus Group, DuPont de Nemours Inc., Honeywell International Inc., Lakeland Industries Inc., MSA Safety Inc., National Safety Apparel, ProGARM Ltd., Protective Industrial Products Inc, Radians Inc., Raychem RPG Pvt. Ltd., Sofamel SL, Steel Grip Inc., US Rubber Supply Co., and W.W. Grainger Inc.
- Electrical Protective Equipment Market is fragmented in nature.
- Market to observe 3.35% YOY growth in 2023.
Market Dynamics:
Major Trend
- The growing women's workforce is the major trend in the market.
- The surge in the women workforce in industrial sectors sparks heightened demand for gender-specific PPE.
- Companies prioritize the creation of electrical protective equipment designed ergonomically for women.
Significant Challenge
- The need to determine the life expectancy of arc-rated protective clothing is a significant challenge restricting market growth.
- Employers and employees must assess the lifespan of arc-rated clothing, ensuring it can endure the rated arc flash intensity throughout its useful life.
- Inadequate care, improper laundering, or wear and tear can compromise the protective capabilities, leading to diminished protection at lower energy levels and increasing the risk of severe injuries.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments:
- The market share growth of the manufacturing segment will be significant during the forecast period. Hand protection equipment is crucial to safeguard against potential hazards such as skin absorption of harmful substances, chemical or thermal burns, abrasions, electrical dangers, bruises, cuts, fractures, punctures, and amputations. In the manufacturing sector, commonly utilized electrical safety personal protective equipment includes hard hats, arc-rated hoods and clothing, protective hoods, safety glasses, face shields, earplugs, earmuffs, protective footwear, leather protective gloves, insulating rubber sleeves, and gloves.
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The Electrical Protective Equipment market caters to the safety needs of utility workers, electricians, and those in the power generation industry. Key products include insulated gloves, arc flash protection gear, dielectric footwear, safety helmets, voltage detectors, and insulating mats. Compliance with electrical safety standards such as ASTM, IEC, and EN is crucial. The market also addresses live-line working and OSHA regulations, emphasizing the importance of personal protective equipment (PPE), electrical hazard analysis, and adherence to NFPA 70E standards. Lockout/tagout (LOTO) systems, safety barriers, and insulated tools contribute to a comprehensive range of solutions for industrial automation safety in electrical maintenance.
Related Reports:
The Direct Current (DC) Power System Market size is estimated to grow at a CAGR of 7.7% between 2023 and 2028. The market size is forecast to increase by USD 13.12 billion.
The heat and energy recovery ventilation system market size is estimated to grow at a CAGR of 8.17% between 2023 and 2028. The market size is forecast to increase by USD 1.77 billion.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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