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Global Electrical Safety Personal Protective Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate
Electrical Safety Personal Protective Equipment Market
The Business Research Company offers in-depth market insights through Electrical Safety Personal Protective Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electrical safety personal protective equipment market size has grown strongly in recent years. It will grow from $14.39 billion in 2023 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.
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Market Segmentation:
The main types of products in electrical safety personal protective equipment are head protection, eye and face protection, hearing protection, protective footwear, hand protection, arc rated clothing. Eye protection is a type of personal protective equipment (PPE) designed to prevent injury to the eye; Face protection is a variety of personal protective equipment (PPE) that is designed to shield the entire face. It is applied in shock hazard and arc flash hazard applications, that are used in the different sectors include electrical, automotive, oil and gas, machinery, construction, mining, and other end users.
Major Driver - Industrialization Spurs Demand Is Driving The Growth In The Electrical Safety Personal Protective Equipment Market
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.
Competitive Landscape:
Major companies operating in the electrical safety personal protective equipment market include Honeywell International Inc., Ansell Ltd., Baymro Safety China, COFRA Srl, 3M Company, Kimberly-Clark Corporation, Uvex Group, MSA Safety Incorporated, Mallcom (India) Ltd., Udyogi Plastics Pvt. Ltd., Paulson Manufacturing Corporation, Rock Fall Ltd., National Safety Apparel Inc., Chicago Protective Apparel Inc., Cintas Corporation, DuPont de Nemours Inc., Radians Inc., Lakeland Industries Inc., Delta Plus Group, Alpha Pro Tech Ltd., COFRA Holding AG, Oftenrich Holdings Co. Ltd., Avon Rubber plc, JAL Group France SAS, Lakeland Industries Inc., Lindström Group, Moldex-Metric AG & Co. KG, Protective Industrial Products Inc., Sioen Industries NV, W.L. Gore & Associates Inc., TST Sweden AB, Ballyclare Limited, Delta Plus Group, Drägerwerk AG & Co. KGaA, Encon Safety Products Inc., Gateway Safety Inc., Gentex Corporation, International Enviroguard Systems Inc., Kappler Inc.
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Top Trend - Rising Trend Of Strategic Partnerships And Collaborations In The Electrical Safety Ppe Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Electrical Safety Personal Protective Equipment Market Characteristics
3. Electrical Safety Personal Protective Equipment Market Trends And Strategies
4. Electrical Safety Personal Protective Equipment Market - Macro Economic Scenario
5. Electrical Safety Personal Protective Equipment Market Size And Growth
…..
27. Electrical Safety Personal Protective Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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