According to our latest market study on “Electrical Protective Equipment Market to 2027 – COVID-19 Impact and Global Analysis and Forecast by Product (Insulated Tools, Face and Eye Protection, Respiratory Protection, Protective Apparels, Head Protection, and Others); End User (Manufacturing, Construction, Oil & Gas, Healthcare, Transportation, and Others), and Geography,” the market was valued at US$ 1,222.3 million in 2019 and is projected to reach US$ 1,315.3 million by 2027; it is expected to grow at a CAGR of 1.0% from 2019 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
The severe regulatory agenda regarding worker safety principally in developed countries propels the demand for electrical protective equipment. Also, the growing adoption of OSHA-regulated products to reduce the impact of injurious exposures is the crucial factor in supporting the market growth. Further, OSHA directs the use of choosing the right protective gear. The increasing concerns regarding the safety of workers have potentially surged the demand for numerous electrical protective equipment, mainly face and eye protection equipment, which includes surgical masks, face shields, protective goggles, and respirators. While working on energized parts, there exists a possibility of the generation of electric arcs; thus, the workers must be protected with non-conductive, durable, and heat-resistant electrical protective equipment that offers deflection qualities.
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Growth in the adoption of the face and eye protection is creating significant opportunities for electrical protective equipment providers. The market for face and eye protection equipment is expected to reach US$ 4,269.84 million by 2027 Face and eye protection can be achieved by wearing eyewear, specially designed to mitigate the risk of exposure to chemical splashes or laser radiation. The high growth of the market for face and eye protection is expected to create significant global demand for electrical protective equipment.
COVID-19 Impact on Electrical Protective Equipment Market
According to the World Health Organization (WHO) report, the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are some of the worst affected countries by the COVID-19 outbreak. The COVID-19 crisis is affecting industries worldwide, and the global economy is anticipated to take the worst hit in 2020, as well as in 2021. The outbreak has primarily created significant disruptions in industries such as consumer electronics, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of the global electrical protective equipment market as they contribute a major share to the total demand for electrical protective equipment. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the transmission have impacted both manufacturing and sales of various products. The global manufacturing industry is one of the major industries that is suffering serious disruptions due to supply chain issues and manufacturing shutdowns.
The growing Power Generation Industry is Driving the Growth of the Global Electrical Protective Equipment market
The power generation industry is witnessing a huge transition. Digitalization, grid-scale battery storage, and microgrids are prominent factors broadening the scope of the power generation industry. Under this industry, natural gas has ruled the US power generation as solar and wind witnessed a rise in capacity. Driven by scrutiny from regulators opportunities are knocking the power & utility industry to encourage clean energy transition. Utilities such as Engie, AusNet, and Duke Energy are involved in microgrid project development. This drives the growth of the power generation industry across the world. Power generation, transmission and distribution, renewables, nuclear, and energy storage industries across the world are rapidly developing. Sellafield Nuclear Decommissioning, France Nuclear Power Plant Upgrades, State Grid Corporation of China (SGCC) Transmission Lines, Baihetan Hydropower Station, and Hinkley Point C Nuclear Power Plant are among the projects prevailing in the power generation industry. Escalating the power generation industry would drive the need for safe electrical protective equipment, thus promoting market growth.
The List of Companies – Electrical Protective Equipment Market
- Ansell Limited
- MSA Safety Incorporated
- Delta Plus Group
- ALPHA PRO TECH, LTD.
- Honeywell International Inc.
- Mallcom (India) Limited
- NSA – National Safety Apparel
- Lakeland Industries Inc.
- Cintas Corporation
Electrical Protective Equipment Market – By Product
- Insulated Tools
- Face and Eye Protection
- Respiratory Protection
- Protective Apparels
- Head Protection
Electrical Protective Equipment Market – By End User
- Oil & Gas
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The Electrical Protective Equipment Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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