DUBLIN, May 07, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/p7wdj6/global_fall) has announced the addition of the "Global Fall Protection Equipment Market 2015-2019" report to their offering.
The Global Fall Protection Equipment market is expected to grow at a CAGR of 5.95% over the period 2014-2019.
Fall protection equipment is a type of personal protective equipment used in various commercial and industrial sectors to protect employees working at a height from injuries and mishaps. In North America, the use of fall protection equipment is mandatory under OSHA directives STD 03-11-002, 29 CFR 1910, 29 CFR 1915, and 29 CFR 1917, whereas in Europe, the PPE Directive 89/656/EEC by the EC is responsible for it. Sectors such as Energy and Utilities, Construction, Transportation, and Telecom are the major end-users of fall protection equipment. Rescue and access equipment, including absorbing lanyards, harnesses, climbing systems, rope grabs, and vertical lifelines, are some of the major equipment used in fall protection.
Product innovation and emphasis on fall protection training is the major trend that has been witnessed by the market in recent years. Manufacturers in the market are spending extensively on R&D to develop new and efficient products such as jetpacks for fall protection and advanced fall restraint systems to increase their market share.
According to the report, the increase in demand for fall protection equipment from the Energy and Utilities sector because of the significant development in the global Oil and Gas sector in recent years, especially in the Nordic region, and the shale gas boom in the US and Canada is one of the major drivers of the market. The rapid growth of the Wind Energy sector and the increased use of fall protection equipment by this sector are also propelling the growth of the market.
Further, the report states that the non-compliance with fall protection equipment regulations and standards set up by government organizations across the world and by the players in the Industrial and Commercial sectors is the major challenge being faced by the fall protection equipment manufacturers in the market.
The Global Fall Protection Equipment market can be divided into the following segments on the basis of end-users:
- Energy and Utilities
- Other Industrial Sectors
- ABS Safety
- Capital Safety
- Eurosafe Solutions
- Gravitec Systems
- Guardian Fall Protection
- Honeywell International
For more information visit http://www.researchandmarkets.com/research/p7wdj6/global_fall
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SOURCE Research and Markets