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Gas Masks Market to Exhibit a US$ 1000 Mn by 2026

01-09-2023 01:23 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research

During the anticipated period, the powered air purifying respirators sector is anticipated to account for a significant portion of the worldwide gas masks market. Nearly 40% of the market value was accounted for by the powered air purifying respirators segment in 2016, and it is projected that this segment will grow by more than 20 BPS during the forecast period. Over the projection period, this segment's revenue contribution is anticipated to grow with a CAGR of 2.1%.

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The powered air purifying respirators segment is estimated to be the most attractive segment with a CAGR of 2.4% in North America, while in Europe the powered air purifying respirators segment of the global gas masks market is expected to reach a Compound Annual Growth Rate of 2.3% and is estimated to reach a little more than US$ 140 Mn by the end of the forecast period.

In the Asia Pacific gas masks market, the powered air purifying respirators segment is expected to create incremental opportunity of more than US$ 60 Mn during 2016-2026. The segment is projected to be the most attractive segment with a CAGR of 2.5% and is anticipated to reach a market valuation close to US$ 90 Mn by the end of the forecast period in the MEA gas masks market.

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Growing industrialization in emerging countries such as China and India is expected to fuel market demand in the powered air purifying respirators segment globally during the period of assessment. Sustained government support coupled with the increased outsourcing of manufacturing endeavors from developed nations has propelled industrialization in these emerging economies.

With the increasing number of accidents, subsequent fatalities and injuries in mining, construction, oil and gas and chemical industries, adoption of personal protective equipment such as powered air purifying respirators for the labor workforce has become a critical requirement.

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Adoption of powered air purifying respirators in various industries not only significantly reduces injuries and fatalities but also increases productivity output. This factor is creating a positive impact on the powered air purifying respirators segment.

Market Segmentation : (Gas Masks Market)

Gas Masks Market  By Product Type : Dust Mask, Air Purifying Respirators, Powered Air Purifying Respirators, Self-Contained Breathing Apparatus, Emergency Escape Hood

Gas Masks Market  By Application : Oil and Gas, Fire Services, Healthcare, Military, Defense and Aerospace, Mining, Industrial Sector, Others

Gas Masks Market By Region : North America, Latin America, Europe, Asia Pacific, Middle East and Africa

Related Reports:

Safety Gloves Market : https://www.persistencemarketresearch.com/market-research/safety-gloves-market.asp

Foodservice Packaging Market : https://www.persistencemarketresearch.com/market-research/foodservice-packaging-market.asp

 

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About Consumer Goods Division at Persistence Market Research
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.

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