The Industrial Safety Equipment Market in India is expanding rapidly, driven by increasing industrial activity, heightened awareness of workplace safety, and stringent regulatory requirements. Key factors influencing the market include:
- Regulatory Compliance: Stringent safety regulations and standards mandated by government bodies are driving the adoption of safety equipment across various industries, including manufacturing, construction, and mining.
- Growing Industrial Sector: As India’s industrial sector grows, the demand for advanced safety equipment, such as personal protective equipment (PPE), fire safety systems, and safety management tools, is on the rise.
- Technological Advancements: Innovations in safety technology, such as smart helmets, wearable safety devices, and automated safety systems, are enhancing workplace safety and driving market growth.
- Increased Safety Awareness: Rising awareness among companies about the importance of maintaining a safe work environment is leading to higher investments in safety equipment and training.
- Economic Growth and Infrastructure Development: Ongoing infrastructure projects and industrial expansions are fueling the demand for safety equipment to protect workers and ensure compliance with safety standards.
Tecnova India assists companies in navigating the industrial safety equipment market by providing market insights, identifying growth opportunities, and facilitating connections with reliable suppliers. By leveraging its expertise, Tecnova helps businesses enhance their safety measures, comply with regulatory requirements, and optimize their safety equipment investments to ensure a safe and productive work environment.
Industrial Safety Equipment Market in India
The Industrial Safety Equipment Market in India is on the rise. It has already crossed the USD 841 million mark. The increasing demand for protective equipment across industries has catapulted its growth. Additionally, businesses, nowadays, are complying with safety regulations and investing in safety equipment for their workers. Apart from building healthy relationships, it helps to reduce costs for medical emergencies and expenses.
Multinational companies wishing to make India their global sourcing hub can consider choosing Tecnova as their collaborator. This manufacturing consultant firm offers services like India sourcing and vendor development to help organizations find the right supplier for their product requirements.
This Market to Witness Significant Growth in Coming Years
One can never emphasize enough the importance of industrial safety equipment. People felt it the most a few years back during the Covid pandemic. The shortage of personal protective equipment exposed health workers to deadly risks. India rose to the occasion and increased its production and supply of PPE kits.
The requirement for industrial safety equipment isn’t just limited to the medical industry. Workers associated with mining, construction, and manufacturing should use these equipment.
The rise in demand for PPE has facilitated the growth of India’s industrial safety equipment market.
Overview of the Industrial Safety Equipment Market in India
A brief overview of industrial safety equipment market in India is as follows:
- About Industrial Safety Equipment
Industrial safety equipment includes protective gear, devices, and tools that reduce the risks of injuries and accidents. The usage of industrial safety equipment spans a wide range of industries such as construction, mining, manufacturing, and medical industries.
Often, regulatory wearing or using industrial safety equipment is compulsory for workers of a particular industry, especially while doing hazardous jobs.
- Different Aspects of Industrial Safety Equipment Market in India
Researchers have noted that exposure to harmful environments, over-exertion, falls, slips and trips are some of the common causes of injuries. But, every organization should introduce measures safeguarding the health and well-being of their workers.
While workers get the benefit of protection by following guidelines and wearing industrial safety equipment, companies can benefit from them as well. They minimize the chances of injuries, reducing medical expenses and compensation costs.
Certain factors have to be taken into consideration while choosing and using industrial safety equipment. Some of them are discussed below:
- Hazard Assessment: It’s advisable to undertake a thorough assessment of the workplace to take into account every minor risk that can lead to fatal accidents. It would help the companies choose the best industrial safety equipment.
- Quality and Compliance: Firms and organizations should choose their suppliers with care and check whether they follow the guidelines set by regulators.
- Proper Training and Education: The most important factor that must be kept in mind is that workers should know how to use protective gear. Otherwise, their purpose will be rendered useless. Apart from rigorous training on using industrial safety equipment, the workers must be evaluated regularly on the function and importance of industrial and safety equipment.
- Maintenance and Regular Inspections: Here, one must remember an important factor. Defective industrial safety equipment and those that have crossed their expiry date can result in injuries and even illnesses. Regular audits of their industrial safety equipment supplies and pre-work inspections are essential to prevent such problems.
- Reporting and Feedback: Workers should have the right to submit their feedback and raise concerns, if any, regarding their experience of using the industrial safety equipment. While it ensures personal safety, it also makes employees feel that they’re valued members of the organization.
Different Types of Industrial Safety Equipment
Here are the details of some of the common industrial safety equipment:
1. Protective Clothing
There are various kinds of protective clothing, the main function of which is to protect the largest segment of the human body. To be precise, it protects the portion of the body which is the neck down to the legs. Some of the examples include rubber aprons worn by welders, heat-resistant and water-proof coveralls for firefighters, and disposable paper gowns for medical use.
2. Personal Protective Equipment (PPE)
PPE refers to industrial safety equipment that protects different body parts such as the face, head, hands and feet to reduce one’s exposure to chemical, physical, and biological hazards. Examples include surgical gloves, hard hats, heavy-duty gloves and steel-toe boots.
3. Fire Safety Equipment
Workers who prevent or manage fire accidents must use such equipment. Industrial safety equipment includes heat-resistance overalls, breathing apparatus, and full-face helmets.
4. Fall Protection Equipment
Workers who have to work at heights must wear this safety equipment. One can categorize fall protection equipment into two types—(i) fall restraint systems and (ii) fall arrest systems.
The former prevents the worker from falling in the first place. It includes a fixed leash, guard rails, and structurally sound surfaces. On the other hand, fall arrest systems stop the fall, if it occurs. An example would be a safety net on the work site or a body harness connected to an anchor point.
Global Trends Related to the this Market
The future of the industrial safety equipment market looks promising. Experts have anticipated that it’ll reach nearly USD 17.86 billion by 2030 at a CAGR of 11.1% during the timeframe of 2023 to 2030. The reason behind the growth of the industrial safety equipment market lies in the global requirement for safety systems and strict regulations for safety in the workplace.
The growth of the oil and gas industry is an important driver behind the adoption of industrial safety systems.
India’s Position in Same Market
The industrial safety equipment market in India, especially the PPE market, is quite strong. While it’s mostly used in the medical industry, there are several other sectors that use PPEs. In fact, there are three broad categories of PPEs—industrial PPE, consumer PPE, and healthcare PPE.
During the Covid crisis, the importance of PPEs occupied center stage and India was the second-largest country to export PPEs. The production of PPEs during this time in India went up to 4 lakh. Increasing demand for PPEs from both domestic and international markets has catapulted the rise of the industrial safety equipment industry.
How Sourcing from India’s Industrial Safety Equipment Market Can Benefit Foreign Businesses?
There are several benefits of sourcing industrial safety equipment from India. Firstly, the country is located at a strategic location which facilitates systematic distribution through a large consumer base.
India has free trade agreements with several countries which helps in hassle-free import and export operations.
The availability of a skilled workforce is an important benefit of sourcing industrial safety equipment from India. Foreign businesses will get the assurance of the high quality of the products.
Furthermore, if a company wants to make India its global sourcing hub, it can consider collaborating with Tecnova, one of the leading manufacturing consultant firms in India. It offers services like India sourcing and vendor development to help clients set up their operations with ease.
Reference
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