Innovations and Opportunities in the Electrical Safety Products Market

The global electrical safety products industry was valued at US$ 26.0 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2034. By the end of this forecast period, the industry is expected to reach a market value of US$ 51.1 billion.Increase in occurrence of electrical accidents in the workplace have led to a surge in focus on worker safety. Companies are extensively adopting electric safety products in order to safeguard their workers and minimize the risk of electrical hazards.