Industrial Fall Protection Equipment Market by Latest Trends, Demand and Growth Analysis to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-13
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Industrial Fall Protection Equipment Market by Latest Trends, Demand and Growth Analysis to 2024

The construction sector has emerged as one of the leading industrial domains where the rate of fatalities due to falling at the workplace is increasing tremendously due to lack of compliance and negligence toward the use of effective personal protective equipment. In fact, for preventing the future cases of fall fatalities at construction site, numerous construction companies have been demanding fall protection equipment on a large scale. As per estimates, by the end of 2024, the construction sector will contribute USD 900 million to the industrial fall protection equipment industry.

The Industrial Fall Protection Equipment Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of USD 3.8 billion by 2024, with an anticipated CAGR of 7% through 2024.

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Powered by the increasing rate of fatalities due to hazardous falls at industrial workplaces, industrial fall protection equipment market size has been growing remarkably in the recent years. The rising awareness among the industries and regulatory bodies about the surging need of safe working conditions for maintaining decorum at the workplace has been impelling the industry trends.

Several policymakers have been implementing strict regulations to mandate the use of fall protection equipment at work sites such as construction firms, mining, and energy utility firms. The presence of a stringent regulatory scenario related to the safety of workers for curbing the chances of fatal falls along with the implementation of fall protection programs to generate awareness among the workers about the use of safety products are likely to propel the industrial fall protection equipment industry.

Most of the industries comprise confined spaces on their work sites that come with challenges for the safety of employees. At such work sites, nearly more than 60% such incidents occur during repairing and maintenance activities. In such situations, for ensuring the safety of workers, several companies have been deploying rescue kits at the confined space. Organizations like OSHA and ANSI (American National Standard Institute) have mandated the deployment of rescue facilities at hazardous workplaces for lowering the risk of fatalities of fallen workers. For the record, rescue kits based industrial fall protection equipment industry size will grow at a CAGR of 6.5% over 2018-2024.

Market Growth Drivers

North America:

  1. Increasing workplace injuries
  2. Favorable regulations for occupational safety

Europe:

  1. Adoption of fall protection standards
  2. Increasing fatalities rate and growing on-site training in various industries

Asia Pacific:

  1. Growth in the construction industry

Know about Market growth in New Research and its Top growing factors by Key Companies like

MSA Safety Company, 3M, Honeywell Miller, Capital Safety, Pure Safety Group (PSG), Guardian Industries, French Creek Production, SafeWaze, Mallcom (India) Limited, Rigid Lifelines, SKYLOTEC GmbH, GF Protection Canada, Inc., KARAM, Udyogi

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Comprehensive Review of Market by Applications: -

  1. Construction
  2. Oil & Gas
  3. Mining
  4. Transportation
  5. Energy & Utilities
  6. Telecom
  7. General Industry

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

The research report presents a detailed outline of Industrial Fall Protection Equipment Market – this is mainly inclusive of the generic market definitions, the numerous segmentations, as well as the application landscape. The report outlines a detailed examination of the industry vendors – from a regional and global perspective.

An exhaustive brief of the various forecast trends and demand till the year 2024 has been given in the report. The study is inclusive of information pertaining to the numerous firms that form a part of the competitive terrain of this business sphere. Also, the report contains, in exclusive detail, information on the many innovations in this sector, technologies adopted, and also many other factors impacting the product demand.

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Market Report Includes: -

  1. An analysis with respect to the present industry scenario in tandem with opportunities for growth opportunities, important vendors, target audience, and market projection until 2024
  2. A comprehensive evaluation with regards to the industry size, growth anticipation, industry remuneration, and major contenders until 2024
  3. A scrutiny of the growth opportunities, expansion forecast, remuneration, and Forecast 2019- 2024
  4. Information on Primary and Secondary Research, Consumption Analysis, Market Segmentation, and Forecast until 2024
  5. An in-depth research on the Emerging Growth Parameters, Market Dynamics, Export Research Report, and Forecast to 2024
  6. Market Analysis, Strategic Developments, as well as Forecast 2024
  7. Product applications, industry trends, technological developments, and current demand and Forecast by 2024

Related News: https://www.marketwatch.com/press-release/air-duct-market-2020-trends-regional-projections-to-2025-2020-04-13



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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