Electrical Safety Personal Protective Equipment Global Market Report 2022

Electrical Safety Personal Protective Equipment Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6284340 •
  • Format: PDF
Major players in the electrical safety personal protective equipment market are Honeywell International Inc, Ansell Ltd., Baymro Safety China, COFRA S.r.l. , 3M, Kimberly-Clark, UVEX Group, MSA, Mallcom , Udyogi, Paulson Manufacturing, Rock Fall (UK) Ltd, National Safety Apparel, Chicago Protective Apparel Inc., Cintas Corporation, and Sibille Fameca Electric.

The global electrical safety personal protective equipment market is expected to grow from $11.75 billion in 2021 to $12.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The electrical safety personal protective equipment market is expected to reach $17.01 billion in 2026 at a CAGR of 7.1%.

The electrical safety personal protective equipment market consists of sales of electrical safety personal protective equipment by entities (organizations, sole traders, and partnerships) that are used to protect the workers from electrical hazards.It is a safety device used to reduce electrical exposure causing severe mortality in an industry or workplace.

It has features including tear-resistance and dimension change, flame resistance and flame propagation, and thermal arc resistance.

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.

The different sectors include electrical, automotive, oil and gas, machinery, construction, mining, other end users.

Asia Pacific was the largest region in the electrical safety personal protective equipment market in 2021. The regions covered in the electrical safety personal protective equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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.

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 August 2020, BASF, a US-based chemicals company partnered with Maincal, an Argentina-based shoe factory to launch of first safety shoe made with Expanded Thermoplastic Polyurethane (E-TPU), Infinergy with compression technology in South America.It is designed for workers in automotive, logistics, food industries, and other challenging work areas.

Also, in November 2019, Ansell Limited, an Australia-based protective industrial gloves manufacturing company partnered with ProGlove, a Germany-based industrial wearable developing company to develop hand protection solutions based on industrial Internet of Things (IIoT) technology to provide the right personal protective equipment in the workplace. Through this partnership, ProGlove aims to leverage expertise in providing cloud solutions for workers’ safety.

In April 2021, Honeywell, a US-based conglomerate corporation acquired Norcross Safety Products for $1.2 billion. This acquisition will provide Honeywell with a complete platform in a fragmented, global segment which is expected to yield substantial growth opportunities. Norcross Safety Products is a US-based company that manufactures personal protective equipment.

The countries covered in the electrical safety personal protective equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.