Industrial Head Protection Market is anticipated to spur over the forecast period
Date: 2019-06-18   Author: Rahul Varpe  Category: #news

Industrial Head Protection Market is anticipated to spur over the forecast period

The Industrial Head Protection Market 2019 Research Report investigates a thorough and complete study on Asphalt Mixing Plants market volume, market Share, market Trends, applications, Utilization ratio, Supply and demand analysis, manufacturing capacity and growth forecast  from 2019 to 2024.

Industrial head protection market in Brazil is poised to experience a profitable growth over the coming seven years with a CAGR expected to exceed 5.5%. Strict legislations pertaining to worker & workplace safety along with subsidies for the firms providing safe working conditions are expected to boost the regional demand. Escalating trends towards the use of personal protective equipment across the manufacturing sector in Germany will soar the development of industrial head protection industry size across the region.

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The rise in the launch of technologically advanced wearable equipment is expected to stimulate industrial head protection market trends in the ensuing years. The ILO (International Labor Organization) reports that every year over 2.3 million deaths are caused due to workplace accidents. Safety is a buzzword for those working in oil rigs, mines, and wind turbines, as they are required to mandatorily use wearable instruments such as helmets, bump caps, and hard hats. Helmets or hard hats connected via smart phones help in alerting workers about the occupational risks, thereby creating a great demand for wearable technology across various PPE sector.

Industrial head protection market is highly competitive with most of the industry players introducing new products to ensure worker safety along with the establishment of their brand presence. The business is largely dominated by U.S. manufacturers with Honeywell Industrial Safety, MSA Safety Incorporated, The 3M Company, DuPont, and Gateway Safety Incorporation contributing substantially towards industrial head protection industry share. Undoubtedly, the business stands to generate huge revenues from various end-use sectors across the world. On this basis, Global Market Insights, Inc., claims that industrial head protection industry is projected to hit a revenue of over USD 3.4 billion by 2024.

SmartCap Technologies, an Australian firm producing headwear such as caps, beanies, and hard hats, had introduced SmartCap that resembles a baseball cap. This product helps in portraying   significant information about the workers to the supervisors via screens. Metal & mining multinational firms such as Rio Tinto Group have been using these caps to avoid workplace mishaps through measurement of fatigue level of truck drivers. Such new product launches, which ensure worker safety, are anticipated to spur industrial head protection market size over the coming years.

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Smart Helmets introduced by General Electric Corporation effectively address the safety concerns of the workers across the oil & gas sector. The product can connect field engineers directly to their more experienced counterparts at headquarters through effective tools such as video or audio devices facilitating a two-way communication.  The firm is also creating a new type of smart helmet in association with the University of Pisa. In 2013, Gateway Safety Incorporation, a leading U.S. manufacturer of personal safety equipment, had introduced a novel kind of safety helmet referred as Serpent® safety helmet with the new class E model, one of the most protective helmets, that offer best electrical insulation across all the working conditions and guarantee worker safety. These initiatives have undoubtedly created a lucrative roadmap for industrial head protection market.

Way back in 2015, Honeywell Industrial Safety, a part of Honeywell International Incorporation, had worked with Intel Corporation, a semiconductor manufacturing firm located in the U.S., to develop wearable IoT connected safety devices such as Connected Worker for first responders as well as factory workers. In May 2017, Honeywell again launched a new connected worker solution named as Honeywell SoteraTM to increase the efficiency and ensure safety of the factory workers. The new product, which facilitates two-way communication, will help the firms reduce downtime as well as administrative costs while ensuring the safety at the workplace through close monitoring of the factory workers. This has further added to Honeywell’s product portfolio expansion and is expected to succor the growth of industrial head protection industry.

In one of the key acquisitions that took place across the industrial head protection market in 2015, The 3M Company had purchased Capital Safety, a U.S. based firm manufacturing rescue and fall protection equipment, for USD 2.5 billion from an equity company named as KKR. The acquisition will not only assist 3M in expanding its PPE production capacity, but will also help in fulfilling the business requirements of the end-users.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. 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 online. ...

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