Fall Protection Market 2024: Forecasts, Analysis and Growths

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Fall Protection Market 2024 Forecasts,
Analysis and Overview Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Fall Protection Market

• North American region is anticipated to be the
  leading market for fall protection equipment in
  recent years. Increase in several safety norms by
  government bodies and rising number of fleet
  emergency services is boosting the product market
  in the region. North America is expected to
  witness a steady growth in the forecasted years
  due to increased usage of safety tools in various
  industries including telecom, transportation and
  construction industry. The Shale gas boom in this
  region will also create potential opportunities
  in flourishing the fall protection market.
• Europe is another prominent region for fall
  protection market with increase in demand these
  safety tools used in rescue operations. The
  market is expected to grow at high CAGR with
  rising use of protective tools in wind energy,
  telecommunications, utilities and transportation
  coupled with growing safety awareness and
  stringent safety norms created by European
  government. On other hand, increase in general
  industrial applications in construction and
  manufacturing sectors will help the market to
  grow in the forecasted years.

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Regional Analysis of Fall Protection Market

• Asia Pacific region is expected to be the fastest
  growing fall protection market over the estimated
  years. China and India will offer an enormous
  potential fall protection market with rising
  urbanization and globalization. Increase in
  manufacturing and construction activities in this
  region will foster the market. Rise in power
  plant construction and other energy utility will
  impel the product market in the forecasted years.
• The Middle East and Africa region, dominated by
  Saudi Arabia and South Africa fall protection
  market. This region is expected to witness a
  rapid growth in the product market due to
  increased transmission and energy sectors. Middle
  East countries including UAE and Iran will
  witness the market to prosper in the forecasted
  years with increase in oil and gas activities in
  the region.

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Application Analysis of Fall Protection Market

• Consumer drone market is segmented as
  toy/hobbyist, prosumer, and photogrammetry.
  Prosumer is expected to dominate the applications
  segment during period under study.
• Demand for drones in photogrammetry application
  segment is projected to increase significantly.
  Small low elevation drones offer advantage over
  aerial technology for photogrammetry.
• The consumer drone market is expected to gain
  momentum in hobby applications, particularly
  sports. DR1 Racing and Mountain Dew organized
  drone race in August 2016. The event used 12 of
  the world's top drone-racing pilots.

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Competitive Market Share of Fall Protection
Market

• Global fall protection market is highly
  fragmented in nature compromising of various
  local and international market players. Some of
  the prominent key players operating the same
  market are Uvex safety group, 3M Co., Honeywell
  safety products, Oftenrich holdings ltd., Avon,
  Ansell ltd. and Alpha pro tech ltd. Other key
  players are ABS safety, Karam, ELK River, PP
  safety, Klein tools, Roof safety solutions, RTC
  co. and Petzl.
• The most common strategy used by businesses is
  acquisitions and mergers aiming to increase the
  market size and product portfolio. In March 2106,
  the 3M co. acquired Scott safety from Johnson
  controls for a value of USD 2 billion. The
  acquisition was done to broaden the protective
  solutions to their customers.

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