The electrical protective equipment market size is projected to reach US$ 17.90 billion by 2031 from US$ 14.01 billion in 2023. The market is expected to register a CAGR of 3.1% in 2023–2031. Expanding construction activities and growing electrical industry projects are likely to remain a key electrical protective equipment market trend.
The electrical protective equipment market is growing at a rapid pace due to stringent regulations for developing high-quality products and expanding manufacturing, construction, oil & gas, healthcare, transportation, and others. The market is expanding steadily, driven by the rising awareness related to safety benefits provided by electrical protective equipment to workers. Moreover, the integration of advanced sensors for developing electrical protective equipment is providing lucrative opportunities for market growth.
Electrical protective equipment is safety equipment that is used to protect workers against arc flashes, electrical shock, and other mishaps involving electricity. These equipment include insulated tools, face and eye protection, respiratory protection, protective apparel, head protection, and others used by workers working in hazardous industries such as mining, oil & gas, power generation, manufacturing, and others. Moreover, the integration of advanced sensors for developing electrical protective equipment is creating opportunities in electrical protective equipment during the forecast period.
Stringent rules and regulations imposed by the government on the manufacturing of high-quality electrical protective equipment are driving the market. For instance, The Standards Council of Canada strictly regulates Canadian PPE under the Canadian Electric Code (CDC), ensuring that electrical goods meet applicable safety standards and provide the highest level of worker safety. According to the Ontario Electrical Safety Code, as outlined in Ontario Regulation 777/21, the government of Canada mandated manufacturers and suppliers to obtain the ESA certification mark for their products and follow the required approval process. Thus, stringent certification rules that promote high product quality are boosting electrical protective equipment market growth.
Electrical protection equipment is becoming increasingly advanced due to the integration of advanced sensors. For instance, gloves are integrated with sensors to monitor voltage levels and alert workers of potential hazards. Heat sensors fitted inside arc flash costumes can activate automatic cooling devices to prevent overheating. Thus, rapid technological advancements are expected to drive innovation in electrical protective equipment market during the forecast period. Moreover, intelligent personal protection equipment is becoming highly popular among users owing to the growing use of data and technology to increase worker safety and situational awareness. This reduces risk and may improve workers' reaction times in emergencies.
Key segments that contributed to the derivation of the electrical protective equipment market analysis are product and end user.
The geographic scope of the electrical protective equipment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest electrical protective equipment market share, due to the presence of a large amount of risks in the oil and gas industry. The industry faces numerous risks, such as explosion, arc flash, and electric shock caused by low-voltage motors, medium-voltage equipment, and distribution boards, which increases the demand for electrical protective equipment among workers for protection. Moreover, growing power transmission lines and the expanding power generation industry are creating significant growth opportunities in the market in the near future.
The regional trends and factors influencing the Electrical Protective Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Electrical Protective Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14.01 Billion |
| Market Size by 2031 | US$ 17.90 Billion |
| Global CAGR (2023 - 2031) | 3.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Electrical Protective Equipment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Electrical Protective Equipment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The electrical protective equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for electrical protective equipment and strategies:
The “Electrical Protective Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global electrical protective equipment market was estimated to be US$ 14.01 billion in 2023 and is expected to grow at a CAGR of 3.1% during the forecast period 2023 - 2031.
Stringent regulations for developing high-quality products and expanding manufacturing, construction, oil & gas, healthcare, transportation, and others are the major factors that propel the global electrical protective equipment market.
Expanding construction activities and growing electrical industry projects are anticipated to play a significant role in the global electrical protective equipment market in the coming years.
The key players holding majority shares in the global electrical protective equipment market are 3M, ALPHA PRO TECH, LTD, Ansell Limited, Cintas Corporation, and Delta Plus Group.
The global electrical protective equipment market is expected to reach US$ 17.90 billion by 2031.
The incremental growth expected to be recorded for the global electrical protective equipment market during the forecast period is US$ 3.89 billion.