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

Description

North America Electrical Safety Products Market will register a 5.8% CAGR from 2024 to 2032, owing to stringent regulatory standards and technological breakthroughs. Compliance with rigorous safety regulations, such as NEC and OSHA, necessitates advanced and reliable electrical safety solutions to meet high safety and performance standards. Besides, technological innovations in electrical safety equipment, including innovations in testing and monitoring, enhance functionality and efficiency. These breakthroughs address evolving industry needs, ensuring better safety practices and regulatory compliance, thereby propelling market growth and expansion.

For instance, in July 2024, GW Instek launched the GPT-15012 electrical safety analyzer, a high DC voltage model compliant with IEC 61010-2-034 standards. This product introduction reflects the increasing demand for advanced electrical safety solutions driven by regulatory requirements and the need for accurate, high-voltage testing. The launch also underscores the competitive nature of the market and highlights the importance of adhering to international standards for safety and reliability in North America.

North America electrical safety products industry is segmented based on product type, voltage, application, end use, and region.

The on-site testing segment will witness remarkable expansion through 2032 due to the increasing emphasis on real-time safety assessments and compliance with regulatory standards. On-site testing provides immediate insights into electrical systems' performance, ensuring safety and reliability in various applications, including industrial, commercial, and residential settings. The growing need for preventive maintenance and quick fault detection drives the demand for on-site testing equipment, enhancing its prominent role in the North America electrical safety products market.

The automotive segment will garner considerable gains by 2032, attributed to the growing complexity and integration of electrical systems in modern vehicles. As automotive technology advances, the need for robust electrical safety products, such as circuit breakers, insulation materials, and protective devices, increases to ensure vehicle safety and compliance with stringent regulations. The rising production of electric and hybrid vehicles further drives demand for advanced electrical safety solutions, solidifying the automotive segment's dominant position in the market.

Canada electrical safety products industry share will reach a noteworthy CAGR during 2024 and 2032, propelled by a robust industrial sector, stringent safety regulations, and significant investments in infrastructure development. The country's focus on enhancing electrical safety standards and integrating advanced technologies in various sectors, including manufacturing and utilities, drives the demand for high-quality safety products. Furthermore, Canada's proactive stance on compliance and safety creates a consistent demand for electrical safety solutions, positioning it as a key contributor to the growth of the regional market.

Product Code: 9615

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
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor 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 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Technological advancements
  - 3.2.1.2 Growing awareness about workplace safety and stringent regulations
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Cost sensitivity
  - 3.2.2.2 Low-priced alternatives or counterfeit electrical safety product
3.3 Growth potential analysis
3.4 Porter's analysis
3.5 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

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

Chapter 5 Market Estimates & Forecast, By Product Type (USD Million) ('000 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
- 5.2.7 Others (undergarments, etc.)
5.3 Insulating materials
- 5.3.1 Insulated pliers
- 5.3.2 Insulated screwdrivers
- 5.3.3 Insulated sockets and wrenches
- 5.3.4 Insulated cutting tools
- 5.3.5 Insulated hand tools
- 5.3.6 Others (insulated safety tools, etc.)
5.4 Testing and measurement equipment
- 5.4.1 Multimeters
  - 5.4.1.1 Digital multimeters (DMMs)
  - 5.4.1.2 Analog multimeters
  - 5.4.1.3 Clamp meters
  - 5.4.1.4 Insulation resistance testers
- 5.4.2 Power/Volt meters
  - 5.4.2.1 Power/volt analyzers
  - 5.4.2.2 Power/volt loggers
- 5.4.3 Oscilloscopes
- 5.4.4 Electrical testers
- 5.4.5 Others (signal generators, light meters, calibration equipment, etc.)
5.5 Lockout/Tagout (LOTO) products
- 5.5.1 Lockout
- 5.5.2 Tagout products
- 5.5.3 Lockout/Tagout Stations
- 5.5.4 Others (accessories, Training Posters & signs, etc.)
5.6 Others (Grounding & bonding equipment, etc.)

Chapter 6 Market Estimates & Forecast, By Voltage (USD Million) ('000 Units)

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

Chapter 7 Market Estimates & Forecast, By Application (USD Million) ('000 Units)

7.1 Key trends
7.2 Certified laboratory testing
7.3 On-site testing
7.4 On-site electrical safety training programs
7.5 Others (Maintenance & Services, education, etc.)

Chapter 8 Market Estimates & Forecast, By End User (USD Million) ('000 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 (USD Million) ('000 Units)

9.1 Key trends, by region
9.2 U.S.
9.3 Canada

Chapter 10 Company Profiles

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

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