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Personal protective equipment market to reach US$55.5 bn by 2020, rising concerns over occupational safety drive growth


A report published by Transparency Market Research (TMR) on the global personal protective equipment market estimates the market to register a CAGR of 7.30% between 2014 and 2020.  The market is likely to increase from an overall value of US$34 bn in 2013 to an expected value of US$55.5 bn by the end of the forecast period. The study is titled, “Personal Protective Equipment Market – Global Industry Analysis, Trend and Forecast 2014 – 2020.”

Personal protective equipment (PPE) refers to wearable equipment that protects the wearer’s body from injuries, infections, and various physical, electrical, heat-borne, fire-borne, chemical-borne, and perils of airborne particulate matter. Protective clothing, goggles, industrial footwear, and helmets are some of the commonly used personal protective equipment. In the recent times, this equipment has witnessed a remarkable rise in demand. The increased concerns over the safety of employees at work have propelled the global market for personal protective equipment significantly.

According to the report, the worldwide personal protective equipment market is likely to gain significant impetus from the untapped opportunities present in the developing economies of Asia Pacific and South America over the forecast period. However, the growth of this market is anticipated to be restricted in the coming years, as the rising automation of manufacturing processes has started to limit manual interference in operations.

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The report analyzes the worldwide personal protective equipment market on three fronts: Its regional spread, type of equipment, and application. Europe, the Middle East, North America, South America, Asia Pacific, Russia, and Africa have been identified as the key regional markets for personal protective equipment in this research study.

Based on the type of equipment, the market has been classified into face, head, and eye protection equipment, hand protection, fall protection, respiratory protection, hearing protection, protective clothing, professional footwear, and other personal protective equipment. Among these, the professional footwear segment acquired the leading position in 2013 with a whopping US$7 bn. However, the fall protection segment, which stood at US$2.7 bn in 2013, is likely to post the fastest growth rate during the forecast period at a CAGR of 8.80%, notes the study.

By application, the report has segmented the market into transportation, pharmaceuticals, food, chemicals, oil and gas, manufacturing, construction, and several other application. In 2013, the manufacturing segment exhibited the highest consumption of personal protective equipment, accounting for a total revenue of US$6.7 bn. However, the application of such equipment in the transportation industry is likely to increase at the fastest CAGR of 7.80% during the forecast period. The rapid increase in the logistic operations around the world is projected to stimulate the demand for personal protective equipment in this industry over the next few years.

Alpha Pro Tech Ltd., COFRA Holding AG, Oftenrich Holdings Co. Ltd., Uvex Safety Group, JAL Group, Avon Rubber Plc, Honeywell Safety Products, Rock Fall Ltd., 3M Co., and Ansell Ltd. are the major international manufacturers of personal protective equipment, mentioned in this report.

The global personal protective equipment market is segmented into:

By Type

  • Head, eye and face protection
  • Hearing protection
  • Protective clothing
  • Respiratory protection
  • Professional footwear
  • Fall protection
  • Hand protection
  • Others


By Application


  • Construction
  • Manufacturing
  • Oil and Gas
  • Chemicals
  • Food
  • Pharmaceuticals
  • Transportation
  • Others

By Region


  • North America
  • Europe
  • Russia
  • Middle East
  • Asia Pacific
  • South America
  • Africa

Research Report:

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.


Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

Heating, ventilation, and air conditioning (HVAC) equipment market to reach US$155.1 bn by 2022, rising demand from asia pacific to drive growth


The rising demand for energy-efficient systems, coupled with the rise in consumer confidence, has led to the increased uptake of heating, ventilation, and air-condition (HVAC) equipment in recent years. Household consumers and end users from commercial and construction domains alike have become more inclined towards technologically innovative products to replace their traditional counterparts. Consequently, HVAC equipment suppliers are diversifying their product portfolios to cater to the consumer demand for advanced system design and technology. A recent report by Transparency Market Research, titled “HVAC Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022,” pegs the overall value of the global HVAC equipment market at US$91.3 bn in 2013. Rising at a positive CAGR of 6.20% between 2014 and 2022, the market is anticipated to reach US$155.1 bn by the end of the forecast period.

HVAC equipment is installed for the purpose of heating or cooling residential, industrial, and commercial buildings. These systems also provide fresh air to remove airborne contaminants such as odors emitted from furnishings or from cleaning chemicals used to clean indoors, or volatile organic compounds. In the forthcoming years, HVAC equipment is likely to witness rising demand from both residential and commercial market segments due to the drastic climate variations.

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Driven by the growing demand from the commercial sector, the rising expectation of consumers, climate variations, technological advancements, and the implementation of stringent government regulations, the demand for HVAC equipment is anticipated to soar high over the report’s forecast period. The market will also witness rising opportunities in Asia Pacific. On the flip side, the high amounts of energy consumed by HVAC equipment are a major challenge faced by the market. Nevertheless, the proliferation of green technologies, smart homes, and energy-efficient systems will give a significant boost to the market in the near future.

Based on type, the report classifies the global HVAC equipment market into heating and air conditioning equipment. By application, the global market for HVAC equipment is segmented into residential, commercial, and residential. Of these, the commercial sector accounted for the largest share in the market, while the residential sector is anticipated to exhibit healthy growth over the forecast period. However, in the next few years, the industrial segment is likely to lose its share in the HVAC market. Additionally, the tourism and construction industries account for the majority of the demand generated in the commercial segment.

Based on geography, the report segments the global HVAC equipment market into Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America. Of these, Asia Pacific held more than 50% of the global market in 2013, thereby emerging as the largest regional market for HVAC equipment. The region is also anticipated to maintain its dominance in the global market over the report’s forecast period, particularly due to the robust economic growth in India and China. Till date, China has been the largest producer of HVAC equipment in the world. Apart from catering to the high international demand, the county also addresses local demand for low-priced HVAC equipment.

To present a holistic overview, the leading players in the global HVAC equipment market have been analyzed based on their company overview, financial structure, recent developments, product portfolio, and development status. Some of the companies profiled in the report include Lennox International Inc., AB Electrolux, Haier Ltd., Carrier Corporation, Panasonic Corporation, LG Corporation, Daikin Industries Ltd., and Samsung Electronics.

Research Report:

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.


Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

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Reef Subsea awarded seabed dredging contract by A/S Norske Shell on Ormen Lange for newly-built Scanmachine 4

Reef Subsea AS announced today that Scanmudring – one of its Norwegian subsidiaries – have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced tool carrier developed and operated by Scanmudring. The water depth, challenging seabed conditions and high precision required in achieving the work are ideal to the new Scanmachine 4 capabilities.

The project objective is to perform final seabed preparation for pipelay within narrow geometrical tolerances (+/- 20cm) and with a curved route to follow. The dredging and rectification works will be achieved at the Ormen Lange Mid-North Field Development at a water depth of about 950m, with an uneven seabed mainly composed of hard clay. The contract has an option for similar work to be accomplished for Ormen Lange Further North development.

The Scanmachine 4, which has been available since January 2012, is the new generation of this robust, precise and flexible tool carrier platform. It has retained the existing proven design and added key improvements in technology and the ability to function in deep water up to 2500m. The Scanmachine 4 also benefit from a new generation of Control System to achieve high precision monitoring of the situation on the seabed. In this Project, the Scanmachine will be fully integrated with the Ormen Lange in-field LBL positioning system that improves positioning subsea.

Mark Preece, Reef Subsea Chief Executive Officer, said: “We are extremely pleased to have the brand-new Scanmachine 4 ready in time to support A/S Norske Shell on Ormen Lange challenging subsea gas field. Scanmudring has over the past few years performed work for Shell, sometimes repeatedly and as a subcontractor, on Inde, Draugen and Shearwater fields. The Scanmachine 4, which has been conceived for worldwide operations, has already found her market in one of the deepest and most demanding fields of the North Sea. We expect it to be attractive to all our clients around the world, who can now benefit from our extended presence and capabilities resulting from the friendly acquisition of Rotech Subsea and their current merger with Scanmudring”.

Reef Subsea AS is an international group providing cost-effective integrated subsea services to the Oil & Gas and Renewables industries. Its specialised subsidiaries – Technocean, Reef Subsea Power & Umbilical, Specialist Subsea Services and Scanmudring-Rotech Subsea – provide operators and contractors with highly experienced personnel, key subsea technologies and construction support vessels. Reef Subsea serves its clients in the deepwater or demanding environments of the North Sea, Americas, Middle-East and South-East Asia areas. Reef Subsea is a 50/50 owned company of GC Rieber Shipping and HitecVision.

Source: Reef Subsea

Bowtech Products Ltd. to exhibit at Offshore Technology Conference (OTC) 2012

Prototypes of new SD and HD cameras – Discussing upgrade of tooling and diving cameras – Launching new MINI and MICRO cameras

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