Electrical Safety Personal Protective Equipment (PPE) Market Research Reveals Enhanced Growth During the Forecast Period
The Electrical Safety Personal Protective Equipment (PPE) market size is expected to reach USD 158.55 Billion in 2030 and register a revenue CAGR of 7.5% over the forecast period, according to latest report by Reports and Data. Rising need for respiratory equipment in mines, emergency response, military and law enforcement, healthcare, and fire departments, is expected to drive personal protective equipment market revenue growth.
Increasing awareness about workers' health and safety,
in addition to rise in the number of industrial deaths, mainly in developing
countries, due to lack of personal protective equipment, are driving growth of
the PPE market. Technological innovation, accompanied by changing needs of
consumers in personal protective equipment, are expected to drive expansion of
the market. Rising concerns regarding health and safety of employees in
earthquake-prone areas is also expected to drive market revenue growth.
Lack of knowledge about safety and health risks in the
workplace is a major problem among workers. To spread awareness about health
and safety, the Occupational Safety and Health Administration (OSHA) partnered
with various health and safety organizations to come up with unique ideas and
solutions as part of the campaign, Workplace Innovator Award. Such initiatives
by agencies in collaboration with market players to improve safety standards
are expected to stimulate demand for personal safety equipment in the coming
years.
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The COVID-19 epidemic has increased demand for
personal protective equipment products, including masks, respirators,
protective clothing, and gloves. Manufacturing and aerospace industries are
providing personal protective equipment to their employees to protect them from
the COVID-19 pandemic. Manufacturers are working at 100% of their capacity to
supply personal protective equipment in all regions due to the growing gap
between supply and demand, which in turn, is expected to increase demand for
personal protective equipment over the forecast period.
Competitive
Landscape:
·
3M Company
·
Ansell Limited
·
Honeywell International Inc
·
MSA Safety Inc
·
Lakeland Industries, Inc
·
DuPont de Nemours Inc
·
Avon Rubber plc
·
Radians, Inc
·
Kimberly-Clark Corporation
·
Alpha Pro Tech, Ltd
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Some Key Highlights in the Report
- Hands
and arm segment accounted for largest revenue share in 2020 due to massive
deployment of hands and arm protective equipment in the manufacturing
sector. There is increasing demand for disposable hands and arm clothing
in sectors such as healthcare and chemicals, as protective hands and arm
clothing cannot be reused due to contamination in these sectors, which in
turn, is expected to support growth of the segment.
- Chemical
segment accounted for largest revenue share in 2020. Exposure to chemicals
can lead to skin and eye irritation, organ damage, cancer, respiratory
problems, and fire and smoke-related injuries. Personal protective
equipment is used to minimize the impact of chemical hazards on workers,
and it includes closed pants and shoes, chemical-resistant gloves, lab
coats, and eye protection.
- The
manufacturing industry requires personal protective equipment to mitigate
risks associated with processes such as cutting, grinding, welding, and
casting. Manufacturing segment is expected to register a rapid revenue
growth rate during the forecast period, as the sector requires a range of
personal protective equipment
- Personal
protective equipment market in North America is expected to register a
significantly high revenue growth rate during the forecast period due to
increasing awareness among manufacturers and workers about workplace
safety measures. Rise in fatalities and accidents at work is also expected
to increase demand for personal protective products in the region.
Presence of various services and manufacturing industries, coupled with
strict rules and regulations governing industrial security, are expected
to support market growth in North America.
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For this report, Reports and Data has segmented the
global Electrical Safety Personal Protective Equipment (PPE) market based on
product, hazard, end-use, and region:
Type Outlook (Revenue, USD Billion;
2019-2030)
- Head,
Eye and Face Protection
- Protective
Clothing
- Hearing
Protection
o Respiratory
Protection
o Protective
Footwear
o Hand
Protection
o Fall
Protection
o Others
End-use Outlook (Revenue, USD Billion;
2019-2030)
- Healthcare
- Construction
- Food
- Manufacturing
- Oil
& Gas
- Chemicals
- Pharmaceuticals
- Mining
- Transportation
- Others
Regional Outlook (Revenue, USD Billion;
2019–2030)
- North
America
- Europe
- Asia-Pacific
- Latin
America
- Middle
East & Africa
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