A comprehensive report on the electrical safety products market has recently been released by Alchemy Market Research to its widespread database. The global electrical safety products market size was valued at USD 10.1 billion in 2018 and projected to reach USD 19.86 billion at a CAGR of 7 % over the forecast period. Market research is becoming an important factor for reaching out to the applicable clients across the global regions. It helps to explore the new global market growth opportunities to identify the new clients for boosting the outcomes in the global electrical safety products market. Moreover, it sheds light on global market segmentation to explore more about various attributes such as global market size, applications, trends, technologies, end-users, technological platforms, and various aspects of the businesses. Collectively, this informative market research report helps to make data-driven decisions in the businesses over the forecast period. Additionally, it offers data on various dynamic parameters such as different plans, policies rules, and regulations initiated by the government for the global electrical safety products market.
Stringent Guidelines Coupled with Focus on Improving Workforce Safety to Bolster Market Growth
Electrical safety products have garnered considerable popularity over the past couple of decades around the world. The consistent boom in the number of construction projects particularly in developing regions, including Asia Pacific and Middle East & Africa is expected to play an important role in bolstering the demand for electrical safety products from residential as well as commercial sectors. The increasing number of flash testing coupled with incident investigation being carried out by private as well as government agencies are some of the other factors likely to propel the growth of the global electrical safety products market during the forecast period.
Furthermore, evolving standards and regulations in various regions pertaining to personal protective equipment and workforce safety will continue to influence the growth trajectory of the global electrical safety products market during the assessment period. At present, current trends suggest that a number of players operating in the current electrical safety products market are increasingly focusing on the production of devices for proximity testing and direct testing of electrical circuits, which enable workers to cater to a particular problem without any safety-related issues.
Following factors are encouraging and driving the global electrical safety products market:
Increasing electrical safety PPE demand owing to employers’ inclination towards worker’s safety should increase market demand. Furthermore, stringent occupational health & safety regulations amendments imposed by government agencies such as OSHA and EU union mandating types of safety equipment utilized for respective industries which are boosting the demand for the global electrical safety products market.
Leading Key Players Functioning In the Electrical Safety Products Market:
- UVEX Safety Group Gmbh
- Rock Fall Limited
- Honeywell International, Inc
- Baymro Safety
- MSA Company
- NATIONAL SAFETY APPAREL
- Protective Industrial Products
- Oberon Company
- Boddingtons Electrical Ltd
- UDYOGI SAFETY APPLIANCES PRIVATE LIMITED
- Paulson Manufacturing Corporation
- COFRA S.R.L
- Black Stallion Inc
- Ansell Ltd
- M Company