The global market for PPE for confined spaces is in a nascent growth phase. Market revenue for 2020 reached $ 235. 3 million and will reach $ 276. 7 million by 2025, growing at a compound annual growth rate (CAGR) of 3.
New York, October 7, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report âGlobal Growth Opportunities for Personal Protective Equipment (PPE) in Confined Spacesâ – https://www.reportlinker.com/p06169444 /? utm_source = GNW
3% (from 2020 to 2025) Among the end user verticals, utilities and wastewater treatment and agricultural products and services are the 2 largest segments, with a revenue share of 16.2% and 15.1%, respectively, followed by manufacturing at 7.2% and electrical and electronic equipment at 6.8% in 2020. Strict implementation of regulatory standards and increasing awareness of end users of the dangers in confined spaces will stimulate market growth. followed by protection above the neck at 14.8% and gas detection at 10.4%. The increase in the number of collapsing and engulfing confined space accidents will drive the demand for fall protection PPE. the service, manufacturing and electrical and electronic equipment sectors. The increase in hazardous and risky work environments will drive the growth of these 2 product segments. Driven by high compliance rates and stringent regulatory standards, North America has the largest confined space PPE market, with nearly 54.9% revenue market share in 2020. Revenue total will grow from $ 129.2 million in 2020 to $ 152.2 million in 2025, with a CAGR of 3.3%. Draeger, 3M, Honeywell, MSA and Pure Safety Group are the leading market players providing confined space safety solutions to end users. industries. The growing preference for custom safety products and combination PPE for confined spaces, such as helmets, protective clothing and footwear, will drive the market. For the purpose of this study, the market has been divided by product into the following segments: Fall Protection; protection above the neck; gas detection; respiratory protection; and others, including foot protection, hand protection, protective clothing and thermal cameras. . Other industries include oil and gas (extraction and refining), transportation, and chemicals and related products. End-user industry forecasts are not included in the research. The study period is 2017-2025.
Author: Anjan Kumar Roy
Read the full report: https://www.reportlinker.com/p06169444/?utm_source=GNW
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