Electrical Protective Equipment Market size is set to grow by USD 782.4 million from 2024-2028, Increasing demand for power to boost the market growth, Technavio

NEW YORK, June 9, 2024 /PRNewswire/ — The global electrical protective equipment market  size is estimated to grow by USD 782.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.6%  during the forecast period.  Increasing demand for power is driving market growth, with a trend towards growing women workforce. However, high costs associated with advanced electrical protective equipment  poses a challenge. Key market players include 3M Co., Ansell Ltd., Broner Inc., Burlington Safety Laboratory Inc., CATU SAS, Cintas Corp., Delta Plus Group, DuPont de Nemours Inc., Honeywell International Inc., Lakeland Industries Inc., MSA Safety Inc., National Safety Apparel Inc., ProGARM Ltd., Protective Industrial Products Inc., Radians Inc., Raychem RPG Pvt. Ltd., Sofamel SL, Steel Grip Inc., US Rubber Supply Co., and W.W. Grainger Inc..

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Technavio has announced its latest market research report titled Global electrical protective equipment market 2024-2028

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Manufacturing, Construction,
Automotive, Oil and gas, and Others), Product (PC,
HAPM, HEFPM, and FLP), and Geography (North
America, APAC, Europe, Middle East and Africa,
and South America)

Region Covered

North America, APAC, Europe, Middle East
and Africa, and South America

Key companies profiled

3M Co., Ansell Ltd., Broner Inc., Burlington Safety
Laboratory Inc., CATU SAS, Cintas Corp., Delta
Plus Group, DuPont de Nemours Inc., Honeywell
International Inc., Lakeland Industries Inc., MSA
Safety Inc., National Safety Apparel Inc., ProGARM
Ltd., Protective Industrial Products Inc., Radians
Inc., Raychem RPG Pvt. Ltd., Sofamel SL, Steel
Grip Inc., US Rubber Supply Co., and W.W.
Grainger Inc.

Key Market Trends Fueling Growth

The global electrical protective equipment market is experiencing growth due to the rising number of women in the industrial workforce. This trend is observed across various sectors including manufacturing, construction, agriculture, mining, and firefighting. Vendors are responding by producing equipment that is ergonomically designed for women, addressing the need for proper fit and size. The increasing female participation in these industries is driving market growth during the forecast period. 

The Electrical Protective Equipment (EPE) market is experiencing significant growth due to the increasing demand for safety in various industries. Products like circuit breakers, fuses, and surge protectors are becoming essential as technology advances and power systems become more complex.

Voltage regulators and transformers are also in high demand to maintain consistent power levels. Additionally, smart technology is driving the development of intelligent EPE, providing real-time monitoring and automatic response capabilities. The market is expected to continue growing as industries prioritize safety and efficiency. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global electrical protective equipment market faces challenges due to high costs. Factors include advanced technology development, stringent safety regulations, limited economies of scale, and expensive materials. Technology advances like real-time monitoring and smart sensors increase manufacturing costs. Compliance with safety standards adds testing, certification, and documentation expenses. Specialized equipment caters to niche markets, leading to higher per-unit costs and the use of high-performance materials.
The Electrical Protective Equipment (EPE) market faces several challenges in ensuring safety and compliance. Hazards such as electrical fires, shocks, and arc flashes require effective solutions. One challenge is the need for continuous innovation to address new technologies and applications. Another is the complexity of regulatory requirements, which vary by region and industry.
Procurement processes can also be lengthy and complicated, impacting project timelines. Additionally, the cost of EPE can be significant, making affordability a key concern for many organizations. To address these challenges, EPE providers must focus on delivering reliable, cost-effective, and easy-to-implement solutions that meet the evolving needs of their customers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

End-user 

1.1 Manufacturing
1.2 Construction
1.3 Automotive
1.4 Oil and gas
1.5 Others

Product 

2.1 PC
2.2 HAPM
2.3 HEFPM
2.4 FLP

Geography 

3.1 North America
3.2 APAC
3.3 Europe
3.4 Middle East and Africa
3.5 South America

1.1 Manufacturing-  The Electrical Protective Equipment (EPE) market caters to the demand for safeguarding electrical installations and personnel from potential hazards. Key players in this industry include Siemens, Schneider Electric, and ABB. EPEs include circuit breakers, fuses, surge arresters, and earth leakage relays. These devices ensure electrical system reliability and prevent electrical fires, power interruptions, and electrical shocks. The market growth is driven by increasing industrialization, rising electricity consumption, and stringent safety regulations.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Electrical Protective Equipment (EPE) market encompasses a range of products designed to ensure electrical safety in various industries, including industrialization and the energy sector. These products cater to workplace electrical accidents prevention, such as smart safety devices, arc flash incidents mitigation through circuit breakers and insulating materials, and grounding equipment and surge protection devices for power utility industry compliance with workplace safety standards and regulatory mandates. In healthcare settings, voltage rated tools are essential for patient safety. Technological advancements in automation, robotics, and renewable energy projects necessitate the integration of IoT-enabled EPE for enhanced safety and efficiency.

Market Research Overview

The Electrical Protective Equipment (EPE) market encompasses a wide range of products designed to safeguard electrical installations, devices, and personnel from various electrical hazards. These equipments include circuit breakers, fuses, surge protectors, ground-fault interrupters, and residual current devices.

EPEs are essential in various industries such as power generation, transmission, and distribution, as well as in construction, manufacturing, and commercial establishments. The global EPE market is driven by factors such as increasing electrification, stringent safety regulations, and the growing adoption of advanced technologies. The market is segmented based on product type, application, and end-use industry. The market is expected to grow significantly due to the rising demand for reliable and efficient electrical systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-user

Manufacturing
Construction
Automotive
Oil And Gas
Others

Product

PC
HAPM
HEFPM
FLP

Geography

North America
APAC
Europe
Middle East And Africa
South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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