Electrical Safety Personal Protective Equipment Market Growth 2020-2025 | UVEX Safety Group Gmbh, MSA Company, Ansell Ltd., Honeywell

The Electrical Safety Personal Protective Equipment Market size was estimated at USD 10 Billion in 2018 and is projected to surpass USD 20 billion by the year 2025.

During the period of 2020-2025, the Electrical Safety Personal Protective Equipment Market is anticipated to expand with a CAGR of 6.3%. The global electrical safety PPE market is poised to garner substantial growth in the ensuing years, owing to development in the automotive industry worldwide. In addition to its uses across construction and manufacturing, electrical safety PPE products are excessively used in the automotive industry.

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Electric vehicles is the most flourishing segment of the automotive industry. Increasing sales rate is demonstrating growth across most regions, especially the Asia Pacific. The electric vehicle market has expanded a lot in China over the last few years, solidifying the nation's leadership position in electric vehicle market. The country's EV efforts are further backed by the government, which believes the technology could help tackle the nation's most pressing environmental concerns.

The Asia-pacific battery electric vehicles market is also growing as dominant players like China's BYD Auto continue to successfully compete in the international market against contenders like Tesla Inc. The rising demand for electric vehicles is also persuading manufacturers to set up new plants to ramp up production, which will create new manufacturing jobs, thereby propelling electrical safety PPE market share.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o UVEX Safety Group Gmbh
o Rock Fall Limited
o Baymro Safety
o MSA Company
o UDYOGI SAFETY APPLIANCES PRIVATE LIMITED
o Paulson Manufacturing Corporation
o COFRA S.R.L.
o Ansell Ltd.
o M Company
o Honeywell International Inc.
o Oberon Company
o Boddingtons Electrical Ltd.
o NATIONAL SAFETY APPAREL
o Protective Industrial Products
o Black Stallion Inc

A crucial element of any electric vehicle's price is the cost of its batteries. According to credible reports, China is already manufacturing over half of the world's electric vehicle batteries. Within a span of few years, Chinese firms have become some of the world's major lithium producers, which is an important raw material for batteries. Indeed, China, driven by government initiatives, is said to account for an appreciable proportion of the global lithium ion battery industry.

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Likewise, companies in India are also gearing up to cash in on this rapidly emerging industry. Following the recently allotted budget of INR 10,000 crore for boosting electric and hybrid vehicle adoption, the government of India has recently approved a 5-year plan for electric vehicle battery manufacturing to set-up large scale and export-competitive batteries and cell manufacturing Giga plants. These efforts would enhance the safety requirements at battery manufacturing sites, which in turn, would benefit the electrical safety PPE market in the future.

Data by the International Labor Organization states that every year over 1.1 million people fall prey to occupational accidents or diseases in the Asia Pacific. In order to encourage wellness of the employees as well as to save the employer from legal troubles, occupational safety is of extreme importance for the automotive industry.

Electrical Safety PPE Market, By Product

o Head Protection
o Hard Hats
o Arc Rated Hoods
o Protective Hoods
o Eye & Face Protection
o Safety glasses
o Face shield
o Hearing protection
o Ear plugs
o Earmuffs
o Arc Rated Clothing
o Protective Footwear
o Hand Protection
o Leather protective sleeves
o Insulating gloves
o Others

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Besides the aforementioned factors promoting electrical safety PPE products demand, government efforts to impose strict occupational safety guideline will also push manufacturers to equip their employees with proper safety products. For instance, India's new government is set to prioritize labor reforms in its second term. Successful implementation of labor laws will generate massive electrical safety PPE requirements in not only the Asia Pacific but other regions worldwide as well. Furthermore, a research report, estimates the electrical safety PPE market to exceed $20 billion by 2025.

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