Electrical protective equipment market forecast 2020-2027
Contents |
[edit] Introduction
According to projections, the global electrical protective equipment market is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.6% during 2020-2027.
This market includes insulated tools, face and eye covering and protective clothing and headgear which guard workers from electric shocks, electric blasts and other hazards.The equipment is primarily used in the construction, manufacturing and industrial sectors to ensure the safety of those workers whose roles put them in close proximity to electrical equipment.
[edit] Upward market factors
A rising awareness about health and safety and its relationship to effective electrical protective equipment may drive market growth, along with, advances in technologies, and by changing needs.
Power generation worldwide is increasing, and a wide range of construction and electrical projects are anticipated in many of the Southeast Asian countries. These factors could further drive the demand for electrical protective equipment in the coming years.In addition, the growth of the global electric vehicle industry is also encouraging manufacturers to set up new production plants. This creates new manufacturing jobs, and increases the need for electrical protective equipment.
[edit] Downward market factors
The COVID-19 pandemic may disrupt the growth of industry in the Asian-Pacific (APAC) region. For instance, China is a global manufacturing hub and large raw material supplier; it is also one of the countries that has been severely affected by the pandemic. The lockdown of various plants and factories around the world has had an impact on global supply chains. This has had a negative affect on manufacturing, delivery schedules and sales of various electrical protective equipment products. These negative factors could combine to slow the demand for this equipment.
This article is based on data compiled by Reportlinker.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Ireland's National Residential Retrofit Plan
Staged initiatives introduced step by step.
Solar panels, pitched roofs and risk of fire spread
60% increase in solar panel fires prompts tests and installation warnings.
Modernising heat networks with Heat interface unit
Why HIUs hold the key to efficiency upgrades.
Reflecting on the work of the CIOB Academy
Looking back on 2025 and where it's going next.
Procurement in construction: Knowledge hub
Brief, overview, key articles and over 1000 more covering procurement.
Sir John Betjeman’s love of Victorian church architecture.
Exchange for Change for UK deposit return scheme
The UK Deposit Management Organisation established to deliver Deposit Return Scheme unveils trading name.
A guide to integrating heat pumps
As the Future Homes Standard approaches Future Homes Hub publishes hints and tips for Architects and Architectural Technologists.
BSR as a standalone body; statements, key roles, context
Statements from key figures in key and changing roles.
ECA launches Welsh Election Manifesto
ECA calls on political parties at 100 day milestone to the Senedd elections.
Resident engagement as the key to successful retrofits
Retrofit is about people, not just buildings, from early starts to beyond handover.
Plastic, recycling and its symbol
Student competition winning, M.C.Esher inspired Möbius strip design symbolising continuity within a finite entity.
Do you take the lead in a circular construction economy?
Help us develop and expand this wiki as a resource for academia and industry alike.
Warm Homes Plan Workforce Taskforce
Risks of undermining UK’s energy transition due to lack of electrotechnical industry representation, says ECA.
Cost Optimal Domestic Electrification CODE
Modelling retrofits only on costs that directly impact the consumer: upfront cost of equipment, energy costs and maintenance costs.
The Warm Homes Plan details released
What's new and what is not, with industry reactions.