Dublin, June 26, 2020 (GLOBE NEWSWIRE) — The “Electrical Protective Equipment Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product; End User” report has been added to ResearchAndMarkets.com’s offering.
The global electrical protective equipment market was valued at US$ 12.89 billion in 2019 and is projected to reach US$ 15.65 billion by 2027; it is expected to grow at a CAGR of 2.6% during 2020-2027, the forecast period considered in the study.
Electrical protective equipment includes insulated tools, face and eye protection tools, respiratory protection tools, protective apparels, and head protection tools, which protect the workers from electric shocks, electric blasts, and other hazards. The equipment is primarily used in the manufacturing, construction, oil & gas, healthcare, and transportation industries to ensure the protection of workers and engineers while working in the proximity of the electrical equipment.
The rising awareness regarding workers’ safety and health, and the increasing industrial fatalities – primarily in oil & gas and mining industries – due to the lack of electrical protective equipment are the major factors that would continue to drive the market growth in the coming years; moreover, advancements in technologies, accompanied by changing consumer needs for electrical protective equipment, is further expected to accelerate the market expansion. The rising investments in the electrical network, growth of the manufacturing sector, and regulations from associations such as the National Fire Protection Association (NFPA) and Occupational Safety and Health Administration (OSHA) are among the other key factors contributing to the market growth.
As per the US Bureau of Labor Statistics, there is an increasing number of electrocution accidents in the manufacturing sector. Severe certification standards that compel manufacturers to produce high-quality products are favoring the growth of the industry. Further, the power generation industries worldwide are witnessing huge growth; also, various construction and electrical projects are in the pipeline in most of the Southeast Asian countries. All these factors are anticipated to fuel the demand for electrical protective equipment in the coming years. Moreover, the growth of the global electric vehicle industry and the escalating demand for electric vehicles are also encouraging manufacturers to set up new production plants, which would create new manufacturing jobs; thus, adding to the demand for electrical protective equipment.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global electrical protective equipment market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global electrical protective equipment market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Impact of COVID-19 Pandemic on Electrical Protective Equipment Market
The high growth rate of urbanization and industrialization in various developing countries across the globe is anticipated to offer ample growth opportunities to the market players operating in the global electrical protective equipment market, as the investments in industrial development are quite high. In addition to this, APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India; it is also a leading contributor to the global electronics and semiconductor industry growth.
The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries in APAC. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is among one of the worst-affected COVID-19 countries. The lockdown of various plants and factories in across the globe is affecting the global supply chains and negatively impacting manufacturing, delivery schedules, and sales of various electrical protective equipment products.
Key Topics Covered:
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Electrical Protective Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.3 Asia Pacfic
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electrical Protective Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Emerging Power Transmission Line Projects
5.1.2 Dynamic Power Generation Industry
5.2 Market Restraints
5.2.1 High Price of Speciality Materials and Fabrics
5.3 Market Opportunities
5.3.1 Electrification of Rail Lines
5.4 Future Trends
5.4.1 Emergence of Smart Grid and Adoption of New Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Electrical Protective Equipment – Global Market Analysis
6.1 Electrical Protective Equipment Global Overview
6.2 Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Billion)
6.3 Market Positioning – Global Market Players Ranking
7. Electrical Protective Equipment Market Analysis – By Product
7.2 Electrical Protective Equipment Market, By Product (2019 and 2027)
7.3 Insulated Tool
7.3.2 Insulated Tool: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Face and Eye Protection
7.4.2 Face and Eye Protection: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Respiratory Protection
7.5.2 Respiratory Protection: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Protective Apparels
7.6.2 Protective Apparels: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Head Protection
7.7.2 Head Protection: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
7.8.2 Others: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8. Electrical Protective Equipment Market Analysis – By End-user
8.2 Electrical Protective Equipment Market, By End-user (2019 and 2027)
8.3.2 Manufacturing: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8.4.2 Construction: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Oil & Gas
8.5.2 Oil & Gas: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8.6.2 Healthcare: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8.7.2 Transportation: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
8.8.2 Others: Electrical Protective Equipment Market – Revenue, and Forecast to 2027 (US$ Million)
9. Electrical Protective Equipment Market – Geographic Analysis
9.2 North America: Electrical Protective Equipment Market
9.3 Europe: Electrical Protective Equipment Market
9.4 APAC: Electrical Protective Equipment Market
9.5 MEA: Electrical Protective Equipment Market
9.6 SAM: Electrical Protective Equipment Market
10. Electrical Protective Equipment Market- COVID-19 Impact Analysis
10.2 North America
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Ansell Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 MSA Safety Incorporated
12.3 Delta Plus Group
12.4 ALPHA PRO TECH, LTD.
12.5 Honeywell International Inc.
12.7 Mallcom (India) Limited
12.8 NSA – National Safety Apparel
12.9 Lakeland Industries Inc.
12.10 Cintas Corporation
13.1 About the Publisher
13.2 Word Index
- 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
For more information about this report visit https://www.researchandmarkets.com/r/ga7bd5
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