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Smart PPE market to close at $3 billion by 2030: Study

  

Increased awareness about safety and globally accepted regulations by companies have significantly increased demand for industrial IoT-integrated smart PPE solutions, especially in oil and gas, manufacturing, and construction industries, to ensure workers’ safety in various work environments. Mounting demand for smart PPE is due to the fact that, IIOT-integrated PPE delivers the best real-time preventive maintenance solutions.

Based on a Smart PPE Market by Fact.MR report global smart PPE market is poised to expand at a steady CAGR of 6 per cent, and touch $3 billion by the end of 2030. The study also states global smart PPE market is projected to create an absolute opportunity of more than $1.2 billion from 2020 to 2030. Based on product type, the protective clothing segment is set to hold a share-wide market dominance with over 60 per cent of total market value by the end of 2030. The protective footwear segment is also projected to expand at a value CAGR of 7.5 per cent, and is expected to be valued 2X more than off-shore by the end of 2030.

The COVID-19 outbreak has resulted in impacting demand for smart PPE at the global level, as an aftereffect of halted production and construction activities in end-use industries. Furthermore, disrupted supply chains and reduced production at manufacturing companies have also contributed to descending demand. However, the smart PPE market is expected to show advancing growth post-pandemic period, as demand for reliable and efficient worker safety products with OSHA standards will surge.

 
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