About Electrical Safety Products
: Personal electrical safety goods comprise a variety of protective clothing and equipment that are primarily meant to protect employees from electric shock, thermal heat exposure, and oil burn while doing their responsibilities. These items are designed to safeguard workers against significant harm, injuries, and even near-fatal occurrences that may occur in a hazardous and unsafe working environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
To get a competitive edge in the present electrical safety goods market environment, several competitors are focused on adopting cutting-edge personal protection equipment fabric technology. Furthermore, market participants are expected to reduce the weight of their personal protection equipment and rely heavily on quick-drying fabric for enhanced performance. To expand market share and worldwide presence, some of these firms have used a variety of market tactics such as mergers and acquisitions, cooperation, partnerships, product launches, R&D activities, and capacity development Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electrical Safety Products market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ansell Ltd (Australia, BSD GmbH (Germany), NSI (United States), Chicago Protective Apparel (United States), Cintas Corporation (United States), Honeywell International, Inc. (United States), 3M Company (United States), MSA Company (United States), Paulson Manufacturing Corporation (United States), COFRA SRL (Italy) and Rock Fall Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are DowDuPont (United States), Udyogi Safety Appliances Pvt. Ltd (India) and Drager (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Electrical Safety Products market by Type (Electrical Personal Protective Equipment, Wearable Rubber Insulation, Arc Flash Safety, Insulating Tools, Cover Up Insulation, Footwear and Others), Application (Shock Hazard and Arc Flash Hazard) and Region.
On the basis of geography, the market of Electrical Safety Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Power Utility will boost the Electrical Safety Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement on Focusing Light-Weighted PPE and Material that Dry Faster and Absorb Less Moisture for Improved Performance
Market Growth Drivers:
Increasing Number of Flash Testing with Coupled Number of Accidents and Strict Government Regulation to use Personal Protective Equipment and Workforce Safety
Challenges:
Complicated Production Process to Meet Stringent Safety Regulations Can limit the Growth of Industry Will hamper the Electric Safety Products Market
Restraints:
Growing Duplication of Raw Material due to High Cost Affect the Quality of the Safety Products Can Constrain the Electric Safety Products Market
Opportunities:
Increasing Use of Safety Product for Majority of Workers Working in Construction and manufacturing Companies Will Boost the Electric Safety Products Market and Expansion of Utility Segment and Production of Renewable Energy will Create Opportunities for the Electric Safety Products Market
Market Leaders and their expansionary development strategies
In October 2023, RDJ advised Powerpoint Engineering Limited, a market leading provider of electrical test, monitoring and safety equipment, and specialist services and training across Europe, on its acquired by Indutrade AB. This acuisition will expand the products portfolio.
On 21Sep 2020, NSI Industry announces the launch of RHINO Safety, a comprehensive range of Personal Protective Equipment that offers safety on the job site. RHINO Safety solutions are designed and built to give a high-quality solution for job-site protection and a distinct alternative to current industry players' PPE. RHINO Safety is developed to provide the finest quality and best value PPE line in the electrical industries to distributors and contractors.
“As per OSHA Regulations, Electrical Safety for General Industry, OSHA requires that live electrical components be de-energized before an employee works on or near them. Personal Protective Equipment (PPE) is an important component of any safety program. OSHA has concluded that personal protective equipment (PPE), while effective in protecting personnel, should only be utilized as a last resort, and it is critical to recognize the limitations of PPE in the workplace. Employees working in locations where there are possible electrical dangers must be equipped with electrical protection equipment that is appropriate for the individual portions of the body that need to be protected as well as the task that needs to be done.”
Key Target Audience
Electric Safety Products Manufacturer, Electric Safety Products Distributors and Suppliers, Electric Safety Products International Traders, Research and Development Institutes, Financial Institutes and Investors, Upstream and Downstream Buyer, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.