Persistence Market Research has recently compiled a report, which reveals that the global gas masks market will witness a growth of 2.3% CAGR over the forecast period, 2016-2026.
New York, NY -- (SBWIRE) -- 09/12/2017 -- Physically hazardous, and less eco-friendly attributes of the manufacturing process are likely to impact the environmental equilibrium negatively. Moreover, industrial professionals and workers operating in various manufacturing plants are increasingly exposed to toxic gases, which has revved up demand for gas masks significantly.
Growing implementation of automation in various manufacturing units has led to limited presence of laborers without the use of gas masks. Moreover, physically hazardous, and less eco-friendly properties of the manufacturing processes is likely to impact the environmental equilibrium negatively. Such factors are likely to rev up demand for gas masks across various domains globally during the predicted years.
Additionally, imposition by government has compelled various industries to provide safe working environment. Such factors have revved up demand for gas masks in various manufacturing plants globally by the end of 2026. Growing industrialization, availability of innovative gas masks, and increasing awareness regarding advantages further contribute towards growth of the global gas masks market throughout 2026.
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In contrast to this, due to various industrial procedures that hazardous to the environment is likely to be replaced by alternatives that are eco-friendly in nature. Moreover, industrial procedures that are hazardous to the human workforce is likely to impact the workers and laborers significantly. Exposure to such environmental situations can lead to increasing adoption of solutions related to industrial automation.
Powered air purifiers respirators among other segments is likely to represent the second largest revenue share. This segment accounted for a market share of nearly 40%, and will gain over 20 BPS during the predicted years. Moreover, this segment will register a CAGR growth of 2.1% through 2026. The powered air purifier respirators witness increasing preference from the government, and firefighters globally. This segment further witnesses increased budget allocation of civic safety equipment procurement.
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Additionally, several agencies are increasingly upgrading equipment, which is likely to rev up demand for powered air purifying respirators through 2026. This segment is likely to witness an upsurge by a margin of 0.85% in 2016, and will represent a value of over US$ 900 Mn in 2017.
Further, this segment is likely to represent a market value of over US$ 1000 Mn by the end of 2026. This segment will create an incremental opportunity of US$ 200 Mn between 2015 and 2026.
Europe among other regions is likely to represent the major market for gas masks, and is likely to represent a revenue share of around 40% in the global market throughout 2026. In contrast to this, APAC gas masks market is likely to represent a revenue growth at 2.8% CAGR through 2026.
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Powdered air purifying respirators are likely to register a CAGR growth of 2.4% in North America, and is likely to represent the most attractive segment during the predicted period.
Leading players operating in the global gas masks market include Mine Safety Appliances, 3M Company, Dragerwerk AG & Co. KGaA, Johnson Controls International Plc., Honeywell International Inc., Avon Protection Systems, Inc., and AirBoss Defence Inc.
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