Rescue Fall Equipment Market to Record Stellar CAGR of 9% from 2014 to 2020
Added: (Fri Mar 01 2019)
Pressbox (Press Release) -
Rescue fall equipment comprises of instruments and gadgets used in safeguarding operations in the power dissemination and transmission divisions. These equipments help in saving operations for instance, oil and gas development, assembling and development use. In these businesses, workers utilize the rescue fall equipment devices to work in the long stretches at lifted areas including posts and towers. The market for the rescue fall equipment is expected to be driven by safety issues of laborers, avoiding workplace accidents and saving cost over runs, especially in large construction and mining projects.
Moreover, International Labor Organization backs few administrative exercises with respect to the security of workers, expected to cater the needs of the workers. However, the implementation and awareness of these devices are the impeding factors for the rescue fall protection equipments market.
The market is projected to grow at CAGR of 9% from 2014 to 2020, and is expected to reach US$3.5 bn by 2020 during the forecast period.
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GlobalRescue Fall Protection Equipment Market: Segmentation
By Type:
Body Belts
Chest Harness
Full Body Harness
Suspension Belts
Vertical Lifelines
Self Retracting Lifelines
Horizontal Lifelines
Safety Nets
Others
By End Use Industry:
Construction and Mining
Oil and Gas
Energy and Utilities
Telecom
Transportation
Top Geographical Markets
Developed markets such as North America and Europe are the leading markets in the rescue fall protection equipment market. The key factors responsible for the growth were expansion of armada measure by the crisis administration and the usage of few security orders. Africa is considered to be potential colossal market driven by expansion in save operations in nations such as Africa, Nigeria, Zimbabwe and Kenya.
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Segment Analysis
The rescue fall protection equipment market is segmented on the premise of item sort into full-body bridles, body belts, wellbeing nets, chest tackles, suspension belts, and others.
The fall protection equipment utilized for life saving purposes discovers application over different businesses including development, assembling, oil and gas and government use among others. Body belts, chest saddle, full body bridle, suspension belts and security nets among others. Vertical life savers, flat helps and life savers are real sorts of suspension belts usually utilized.
The key participants in the industry focus on R&D to grow new and effectiveness items to diminish general working expenses and to expand their market share, including jet packs for fall protection.
Competitive Scenario
The companies operating in the rescue fall equipment market are 3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), Kee Safety, Inc. (UK), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), and FallTech (US).
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