Sales of Arc Flash Protection Products to Grow over 5%, Annually through 2031: Fact.MR Concludes in Latest Study
NEW YORK, July 22, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global electrical safety products sales outlook remains positive as Fact.MR Projects demand to rise at 6% CAGR between 2021 and 2031. The overall market valuation is expected to surpass US$ 6 Bn by 2031. Implementation of stringent workplace regulations will give tailwinds to growth, enabling electrical safety products sales to top US$ 3.3 Bn in 2021.
- Implementation of stringent workplace regulations will give tailwinds to growth, enabling electrical safety products sales to top US$ 3.3 Bn in 2021.
- Sales of electrical safety products are projected to grow at 4.7% by 2031 in Russia.
- China continues to remain most lucrative market owing to rising demand for arc flash safety products.
- Increasing awareness regarding safety in workplaces and implementation of stringent government regulations will continue driving sales of electrical safety products.