The Asia-Pacific electrical protective equipment market was valued at US$ 3,053.98 million in 2019 and is projected to reach US$ 4,039.2 million by 2027; it is expected to grow at a CAGR of 3.7% from 2020 to 2027.The growth of the Asia-Pacific electric vehicle industry and the rising demand for electric vehicles are also encouraging manufacturers to set up new production plants, which would create new manufacturing jobs; thus, fueling electrical protective equipment market growth.
Due to rising industrial growth and urbanization, energy consumption has increased manifolds. To meet the growing need for power, establishment of intrastate transmission and sub-transmission network is on the rise. In Asia, India is the 3rdlargest producer of electricity, and the generating capacity is exponentially expanding. Due to favorable government support, the Indian market is taking up numerous power transmission projects. Growth in power transmission projects across the globe will require electricians to wear electrical protection equipment at work locations. Furthermore, increase in electrical infrastructure projects worldwide is driving the use of electrical protective equipment among diversified industries.
The overall Asia-Pacific electrical protective equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Electrical protective equipment market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia-Pacific Electrical protective equipment market. An sell Limited, MSA Safety Incorporated, Delta Plus Group, Alpha Pro Tech Ltd, Honeywell International Inc, 3M, are among the key players serving the electrical protective equipment market in Asia-Pacific.