Electrical Safety Products Market Size - By Product Type, By Application, By End-Use & Global Forecast, 2024

Description

Electrical safety products market size is set to record 5.9% CAGR between 2024 and 2032, driven by increasing awareness of workplace safety standards and stringent regulatory requirements. Industries, such as construction and energy are under constant pressure to ensure that their employees are protected from electrical hazards. Regulatory bodies in various industries, including OSHA in the U.S. and EU-OSHA in Europe, have issued stringent guidelines for mandating electrical safety equipment like electronic protective devices, arc flash protective gear, and personal protective equipment (PPE). For instance, in February 2024, Schneider Electric introduced SureSeT MV switchgear in Canada for enhancing energy management and automation capabilities.

Rapid technological advancements and innovations in safety equipment will also fuel the market growth. The development of more sophisticated and efficient electrical safety products, such as smart PPE that integrates sensors and IoT technology for real-time monitoring and alerts, is helping to enhance the effectiveness of safety measures and reduce the risk of electrical accidents. The increasing automation and higher complexity of power systems in current industrial systems is driving the need for advanced and reliable security solutions, adding to the market growth.

The electrical safety products industry is segmented into product type, voltage, application, end-use, and region.

Based on product type, the market size from the insulating segment is slated to record decent growth rate through 2032, due to rise in electrical hazards and the emphasis on enhancing worker safety. Insulating materials, such as rubber gloves, mats, and covers provide essential protection for persons operating high-voltage equipment by creating electrical barriers. The increasing industrial and commercial complexity of electrical systems has also increased the demand for reliable and effective insulation. The increasing number of renewable energy installations and the need for stringent safety measures in these high-energy environments are driving the product demand.

Electrical safety products industry from the mining segment is projected to observe robust growth during 2024-2032 due to the inherently hazardous nature of mining operations, which often involve complex electrical systems in challenging environments. The risk of electrical accidents, such as arc lighting, shock and equipment failure is much higher in the mining sector due to heavy equipment, high power machinery and harsh working conditions. To protect workers and ensure uninterrupted operations, mining companies are also increasingly investing in advanced electrical safety products.

Asia Pacific electrical safety products industry size will grow substantially between 2024 and 2032, attributed to rapid industrialization, urbanization, and the expansion of infrastructure projects. Countries, such as China, India and Japan are making significant progress in manufacturing, construction, and energy, where electrical safety is essential. The increasing implementation of stringent safety regulations and standards by governments and regulatory agencies is forcing businesses to adopt comprehensive electrical safety measures, further stimulating the regional market growth.

Product Code: 8946

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
- 1.4.1 Primary research and validation
- 1.4.2 Primary sources
- 1.4.3 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360-degree synopsis, 2018-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Key news & initiatives
3.3 Regulatory landscape
3.4 Impact forces
- 3.4.1 Growth drivers
  - 3.4.1.1 Increasing awareness and stringent regulations
  - 3.4.1.2 Technological advancements
  - 3.4.1.3 Growing concerns about workplace safety
- 3.4.2 Industry pitfalls & challenges
  - 3.4.2.1 Cost sensitivity
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product type 2021 - 2032, (USD Million; Million units)

5.1 Key trends
5.2 Personal Protective Equipment (PPE)
- 5.2.1 Head protection
  - 5.2.1.1 Hard hats
  - 5.2.1.2 Arc rated hoods
  - 5.2.1.3 Protection hoods (balaclavas)
- 5.2.2 Eye & face protection
  - 5.2.2.1 Safety glasses
  - 5.2.2.2 Face shield
- 5.2.3 Hearing protection
  - 5.2.3.1 Ear plugs
  - 5.2.3.2 Ear muffs
- 5.2.4 Arc rated clothing
- 5.2.5 Protective footwear
- 5.2.6 Hand protection
  - 5.2.6.1 Leather protective gloves
  - 5.2.6.2 Insulating (rubber) gloves
  - 5.2.6.3 Insulating (rubber) sleeves
  - 5.2.6.4 Others (under garments, etc)
5.3 Insulating materials
- 5.3.1 Insulating mats
- 5.3.2 Insulating blankets
- 5.3.3 Insulating sleeves
- 5.3.4 Plastic Guards & Covers
- 5.3.5 Others (Insulated ladders, etc)
5.4 Others (Lockout/Tagout (LOTO) Devices, Testing and Measurement Equipment, etc)

Chapter 6 Market Estimates & Forecast, By Voltage 2021 - 2032, (USD Million; Million units)

6.1 Key trends
6.2. Low voltage (Up to 1000 V)
6.3. Medium voltage (1000 V to 36 kV)
6.4. High voltage (Above 36 kV)

Chapter 7 Market Estimates & Forecast, By Application 2021 - 2032, (USD Million; Million units)

7.1 Key trends
7.2 Arc flash clothing laundering and repair.
7.3 Certified laboratory testing.
7.4 On-site testing
7.5 Others (On-site electrical safety training programs, Online electrical safety training, etc)

Chapter 8 Market Estimates & Forecast, By End-Use 2021 - 2032, (USD Million; Million units)

8.1 Key trends
8.2 Electrical
- 8.2.1 Power generation
- 8.2.2 Transmission
- 8.2.3 Distribution
- 8.2.4 Electrical welding
- 8.2.5 Telecom
8.3 Oil & Gas
8.4 Mining
8.5 Machinery
8.6 Construction
8.7 Automotive
8.8 Others

Chapter 9 Market Estimates & Forecast, By Region 2021 - 2032, (USD Million; Million units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Malaysia
- 9.4.7 Indonesia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1. 3 M Company
10.2 Ansell Limited
10.3 Brady Corporation
10.4 Cementex Products, Inc.
10.5 DuPont de Nemours, Inc.
10.6 Honeywell International Inc.
10.7 Hubbell Incorporated
10.8 Leviton Manufacturing Co., Inc.
10.9 Milliken & Company
10.10 MSA Safety Incorporated
10.11 National Safety Apparel, Inc.
10.12 Oberon Company, Inc.
10.13 Panduit Corporation
10.14 Saf-T-Gard International, Inc.
10.15 Tyndale Company, Inc.

Electrical Safety Products Market Size - By Product Type, By Application, By End-Use & Global Forecast, 2024 - 2032