Electrical Safety Products Market Size - By Product Type (Personal Protective Equipment, Insulating materials, others), By Application (arc flash clothing laundering and repair, Certified laboratory testing, others), By End-Use & Global Forecast, 2024 – 2032

Electrical Safety Products Market Size

Electrical Safety Products Market was valued at around USD 27.1 billion in 2023 and is estimated to register a CAGR of around 5.9% between 2024 & 2032. Growing awareness about electrical safety and stringent government regulations mandating the use of safety products in various industries drive market growth.
 

Regulations such as the National Electrical Code (NEC) in the United States and similar standards globally necessitate the installation of safety products, boosting market demand. For instance, the National Electrical Code (NEC) in the United States, the International Electrotechnical Commission (IEC) standards globally, and the European Union's Low Voltage Directive (LVD) set stringent requirements for electrical installations and equipment. Compliance with these standards drives the demand for safety products such as circuit breakers, surge protectors, and ground fault protection devices.

Cost sensitivity is a major constraint in the electrical safety products market, affecting both consumers and businesses. Products like surge protectors, arc fault circuit interrupters (AFCIs), and ground fault circuit interrupters (GFCIs) typically command higher prices than standard electrical components. Consequently, budget-conscious consumers and businesses may hesitate to invest in complete electrical safety solutions, particularly in industries or regions where cost considerations are paramount.
 

Electrical Safety Products Market Trends

Innovations in electrical safety products, such as arc flash protection devices, ground fault circuit interrupters (GFCIs), and surge protectors, drive market growth. Advancements in materials, design, and integration of smart technologies enhance the effectiveness and functionality of these products, thereby increasing their adoption. For instance, in February 2024, ABB disclosed that Alva, a distribution system operator based in Finland, had embraced ABB's novel touch voltage-based earth-fault current protection method (IFPTOC). This method strikes a delicate equilibrium between supply quality and safety, guaranteeing that the electrical safety thresholds within the network remain unbreeched.
 

Electrical Safety Products Market Analysis

Based on the product type, the personal protective equipment (PPE) segment accounted for revenue of around USD 17.3 billion in 2023 and is expected to reach USD 29.3 billion by 2032. Employers are increasingly adopting preventive measures, including the provision of PPE, to mitigate the risk of electrical accidents and ensure compliance with safety standards. This preventive approach fosters a culture of safety in workplaces and drives the demand for electrical safety products, including PPE, thus it will enhance business growth.
 

Based on the end-use, the electrical safety products market is segmented into electrical, oil & gas, mining machinery, construction, automotive, among others. In 2023, the construction segment emerged as the dominant, commanding a market share of around 30% and expected to reach 31% by 2032. Heightened awareness of occupational safety and the importance of protecting construction workers from electrical hazards drive market growth. Employers prioritize worker safety by providing personal protective equipment (PPE), training, and implementing safety measures, including the use of electrical safety products, to prevent accidents and injuries on construction sites.
 

The North America electrical safety product market holds the largest revenue share of around 33% and is expected to reach for revenue of around USD 15.2 billion by 2032. North America is a hub for technological innovation in electrical safety products. Companies in the region invest in research and development to develop advanced safety solutions, such as smart meters, digital circuit breakers, and integrated monitoring systems, which enhance safety, efficiency, and reliability in electrical systems, driving market growth. Further, the healthcare sector in North America requires specialized electrical safety products to ensure patient safety and regulatory compliance. Surge protection devices, ground fault circuit interrupters (GFCIs), and medical-grade isolation transformers are essential for maintaining electrical safety in healthcare facilities, driving market growth.
 

Electrical Safety Products Market Share

The market for electrical safety products exhibits moderate fragmentation, with numerous regional players operating globally. In 2023, key market leaders included Honeywell International Inc., 3M Company, Hubbell Incorporated, DuPont de Nemours, Inc., and Ansell Limited. These industry giants often utilize their established distribution networks and resources to expand their market presence. This fragmentation is particularly notable in segments such as personal protective equipment (PPE), where a multitude of companies manufacture gloves, safety glasses, helmets, and other protective gear. These leading companies actively pursue strategic initiatives such as mergers and acquisitions, facility expansions, and partnerships to diversify their product offerings, broaden their customer base, and reinforce their foothold in the market.
 

Electrical Safety Products Market Companies

Major key players operating in the electrical safety products industry include:

• 3M Company
• Ansell Limited
• Brady Corporation
• Cementex Products, Inc.
• DuPont de Nemours, Inc.
• Honeywell International Inc.
• Hubbell Incorporated
• Leviton Manufacturing Co., Inc.
• Milliken & Company
• MSA Safety Incorporated
• National Safety Apparel, Inc.
• Oberon Company, Inc.
• Panduit Corporation
• Saf-T-Gard International, Inc.
• Tyndale Company, Inc.
   

Electrical Safety Products Industry News

• In February 2024, ABB revealed its decision to acquire Seam Group, a company specializing in energized asset management and advisory services. This strategic move aims to broaden ABB's electrification services portfolio in the United States. Through this acquisition, ABB will gain access to enhanced expertise in predictive, preventive, and corrective maintenance, alongside advisory services covering electrical safety, renewables, and asset management.
   
• In October 2023, 3M India and Tata Power Delhi Distribution Ltd (DDL) forged an important partnership by signing a memorandum of understanding (MoU). The primary objective of this collaboration is to design and implement a specialized training program tailored specifically for professionals working in the power sector. By combining 3M's proficiency in safety solutions with Tata Power DDL's extensive industry knowledge, the initiative aims to heighten awareness and adherence to stringent electrical safety standards. Through hands-on training sessions and educational endeavors, the alliance endeavors to equip professionals with the necessary skills and knowledge to effectively mitigate electrical hazards, fostering safer work environments and optimizing operational efficiency.
   

This electrical safety products market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) Volume (Million units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Personal Protective Equipment (PPE)
  • Head protection
    • Hard hats
    • Arc rated hoods
    • Protection hoods (balaclavas)
  • Eye & face protection
    • Safety glasses
    • Face shield
  • Hearing protection
    • Ear plugs
    • Ear muffs
  • Arc rated clothing
  • Protective footwear
  • Hand protection
    • Leather protective gloves
    • Insulating (rubber) gloves
    • Insulating (rubber) sleeves
  • Others (under garments, etc)
• Insulating Materials
  • Insulating Mats
  • Insulating Blankets
  • Insulating Sleeves
  • Plastic Guards & Covers
  • Others (Insulated ladders, etc)
• Others (Lockout/Tagout (LOTO) Devices, Testing and Measurement Equipment, etc)

Market, By Voltage

• Low Voltage (Up to 1000V)
• Medium Voltage (1000V to 36kV)
• High Voltage (Above 36kV)

Market, By Application

• Arc flash clothing laundering and repair
• Certified laboratory testing. 
• On-site testing
• Others (On-site electrical safety training programs, Online electrical safety training, etc)

Market, By End-Use

• Electrical
  • Power generation
  • Transmission
  • Distribution
  • Electrical welding
  • Telecom
• Oil & Gas
• Mining
• Machinery
• Construction
• Automotive
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA