Electrical Safety Personal Protection Equipment (PPE) Market - By Product (Head Protection, Eye & Face Protection, Hearing protection, Arc Rated Clothing, Protective Footwear, Hand Protection), By End-use & Forecast, 2024-2032
Report ID: GMI3368
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Published Date: July 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 20
Tables & Figures: 172
Countries covered: 22
Pages: 130
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Electrical Safety Personal Protection Equipment (PPE) Market
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Electrical Safety Personal Protection Equipment Market Size
Electrical Safety Personal Protection Equipment Market size was valued at USD 18.4 billion in 2023 and is projected to grow at over 5% CAGR from 2023 to 2032, driven by a surge in upcoming construction and electrical projects, alongside a heightened emphasis on employee safety.
According to the U.S. Bureau of Labor Statistics, workplace injuries have decreased by 5% annually due to improved safety measures. Furthermore, the global personal protective equipment (PPE) market is set to eclipse USD 110 billion by 2032, propelled by an increasing emphasis on workplace safety and security compliance, as reported by the Occupational Safety and Health Administration (OSHA).
Electrical Safety Personal Protection Equipment Market Trends
Canada's rigorous PPE certification standards, managed by the Standards Council of Canada and the Canadian Electrical Code (CEC), ensure that electrical products meet stringent safety criteria, enhancing worker protection. In Ontario, Regulation 777/21 requires manufacturers and suppliers to undergo a detailed approval process to obtain the ESA certification mark for their products.
China, with over 1,500 major mining operations and as the top gold producer with over 380 metric tons in 2021, is experiencing significant growth in its mining sector. This expansion, driven by substantial foreign investments and exports, along with an annual expenditure of approximately USD 200 billion on mining supplies and services, is increasing the demand for electrical safety PPE. China's vast reserves of 20 rare metals further fuel this demand.
Despite this growth, the market faces challenges due to the discomfort and impracticality of current electrical safety PPE. Workers in sectors like oil & gas and mining often find the thick, rigid materials of their safety gear uncomfortable and restrictive, leading to lower compliance and acceptance. During the COVID-19 pandemic, healthcare workers reported skin-related issues due to their PPE. To address these concerns, new product lines, such as the Halo range, are being developed to improve comfort and inclusivity
Electrical Safety Personal Protection Equipment Market Analysis
In the electrical safety PPE industry, products include eye & face protection, hearing protection, protective footwear, arc-rated clothing, head protection, hand protection, and other items. The eye & face protection segment is projected to exceed USD 6.5 billion by 2032. Industrial environments expose workers to hazards such as liquid chemicals, acids, dust, projectiles, hazardous vapors, and radiation, which can cause severe eye injuries. Therefore, eye & face protection is essential. According to the Occupational Safety and Health Administration (OSHA), employers must provide appropriate eye protection to workers exposed to such risks.
The electrical safety personal protection equipment market, segmented by end-use, includes electrical, mining, oil & gas, machinery, automotive, construction, and other sectors. The mining segment is expected to surpass a valuation of USD 2.5 billion by 2032. The increase in electric arc flash incidents in mining, due to high electric currents bridging with air, along with complex logistics and heavy machinery operations, is driving the demand for safety solutions.
Additionally, government initiatives, such as the Biden administration's allocation of USD 35 million to MP Materials for the separation of heavy earth elements, are strengthening the mining sector, creating significant growth opportunities for this segment.
The North American electrical safety PPE market is anticipated to expand at a CAGR of over 4.5% from 2023 to 2032. This growth is driven by the significant risks in the oil and gas industry, such as arc flashes, explosions, and electric shocks, particularly from low-voltage motors, medium-voltage equipment, and distribution boards. According to the U.S. Bureau of Labor Statistics, there were 166 fatal electrical injuries in 2022, highlighting the critical need for effective PPE in high-risk sectors.
Electrical Safety Personal Protection Equipment Market Share
The electrical safety personal protection equipment (PPE) industry is highly competitive and moderately fragmented, with numerous players offering a range of products to cater to different industry needs. Key players include global giants like 3M, Honeywell International Inc., and MSA, as well as specialized firms such as Boddingtons Electrical Ltd. and Oberon Company. These leading companies dominate through extensive product lines, strong brand recognition, and expansive global distribution networks. Mid-sized companies like National Safety Apparel, Ansell Ltd., and Radians, Inc., provide robust competition by focusing on niche markets and tailored customer solutions.
To maintain a competitive edge, manufacturers employ various strategies. Continuous product innovation is vital, with firms developing advanced materials and designs to enhance safety and comfort. Strategic acquisitions and partnerships are also common, enabling companies to broaden their product offerings and geographic reach. Furthermore, manufacturers emphasize compliance with international safety standards and certifications, ensuring their products meet stringent industry requirements.
Customer-centric approaches, such as offering customization options and comprehensive after-sales support, further bolster competitiveness. As global safety regulations become more rigorous, the demand for Electrical Safety PPE is expected to grow, driving innovation and intensifying competition among both established and emerging players.
Electrical Safety Personal Protection Equipment Market Companies
Key players operating in the global electrical safety personal protection equipment industry include:
Electrical Safety Personal Protection Equipment Industry News
The electrical safety personal protective equipment (PPE) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product
Market, By End-Use
The above information is provided for the following regions and countries: