Home > Pressrelease > Electrical Safety PPE Market size to exceed $29 Bn by 2032
Electrical Safety PPE Market size to exceed $29 Bn by 2032
- Published Date: January 12, 2023
Electrical Safety PPE Market size is estimated to reach USD 29 billion by 2032, according to a new research report by Global Market Insights Inc.
The report identifies the booming power generation industry and increasing incidences of electrocution in the U.S. as the chief drivers for the electrical safety PPE industry trends. Additionally, ongoing construction and electrical industry projects, especially in emerging nations, are bolstering the market growth. Infrastructure development projects in India supported by government efforts, such as the Smart City Mission and Housing for All, among other initiatives, as well as 100% FDI permits, are fueling the expansion of the electrical safety PPE market.
Rising electrification rate to amplify arc rated clothing industry share
With respect to type, the arc rated clothing segment is anticipated to surpass USD 5 billion by 2032. The soaring demand for electrical PPE due to mounting electrification rates, the development of the electricity infrastructure, and the expansion of electricity generation capacity are contributing to segment growth. As per SEforAll, the electricity access rate increased in Africa from 44% to 56% during the 2010-2020 phase, which is creating a huge opportunity for arc rated clothing in arc-flash areas.
Escalating power production and distribution to augment PPE solutions use in electrical industries
The electrical safety PPE market from the electrical end-use segment is poised to exhibit nearly 5% growth rate up to 2032, on account of the vulnerability to risks and the national economy through effective power production and distribution. The burgeoning electronics production worldwide is likely to boost product uptake for electrical end uses. The Ministry of Electronics and Information Technology estimates that India’s electronic manufacturing and exports would be worth USD 300 billion by 2025-26.
Browse key industry insights spread across 407 pages with 607 market data tables and 51 figures & charts from the report, “Electrical Safety Personal Protection Equipment (PPE) Market Size By Product (Head Protection [Hard Hats, Arc Rated Hoods, Protective Hoods], Eye & Face Protection [Safety Glasses, Face shield], Hearing protection [Ear plugs, Ear muffs], Arc Rated Clothing, Protective Footwear, Hand Protection [Leather Protective Gloves, Insulating (Rubber) Gloves, Insulating (Rubber) Sleeves], By End-use (Electrical [Power generation, Transmission, Distribution, Electrical welding, Telecommunication], Oil & Gas, Mining, Machinery, Construction, Automotive), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032” in detail along with the table of contents:
Supportive government measures to aid Asia Pacific industry growth
Asia Pacific electrical safety PPE market is projected to witness 5.5% CAGR between 2023 and 2032. The region may emerge as a major hub for this industry owing to an increase in manufacturing operations, particularly in India, as a result of the "Make in India" initiative, which encouraged FDI inflow, fostering the manufacturing sector. Favorable government initiatives to increase awareness about safety among employees, viz., India’s Audhyogik Suraksha Rath and China’s Safety of Equipment Electrically Connected to a Telecommunication Network will support the regional expansion.
Strategic acquisitions to remain key growth tactics
Rock Fall Limited, Ansell Ltd., MSA, Baymro Safety, OFRA S.R.L., UDYOGI Safety Appliances Private Limited, C Paulson Manufacturing Corporation, and Honeywell International are some of the key participants involved in the electrical safety PPE market. These participants are focusing on strengthening their market presence through various strategies, including new product innovations. To cite an instance, in November 2022, SureWerx, a safety, tool & equipment products provider, acquired Oberon Company, an arc-flash PPE manufacturing firm, with the aim to improve its position in the safety and productivity market.