Market.us announces publication of its most recently generated research report titled, “Global Insulating Gloves Market by Product Type (Low Voltage Insulating Gloves, Medium Voltage Insulating Gloves, and High Voltage Insulating Gloves), By Industry Verticals (Electrical and Electronics Automotive Power Utilities), and by Region – Global Forecast to 2029”, which offers a holistic view of the global insulating gloves market through systematic segmentation that covers every aspect of the target market.

The global insulating gloves market is projected to be US$ 259.9 Mn in 2019 to reach US$ 392.6 Mn by 2029 at a CAGR of 5.2%.

Insulating gloves are rubber gloves used for protection against electrical shock. An insulating material is a material that offers resistance to the electrical current to pass. These gloves are used while working with electrical equipment such as electric switchboards, distribution boards, circuit breakers, and disconnects, electricity meter, transformers, and other electronic equipment. Rubber has excellent electrical resistance properties and elastic strength. Hence, insulating gloves are made from rubber with different grades as per user requirement.

There are mainly three types of insulating gloves, including high voltage, medium voltage, and low voltage. High voltage gloves are thicker as compared to medium and minimum voltage gloves. Apart from rubber thickness, gloves also categorized according to the environmental condition. Insulating gloves have significant applications in the electrical industry, automotive industry, power generation, and utilities. Insulating gloves protect personnel against electrical shocks when working on live wires.

Global Insulating Gloves Market Revenue (US$ Mn), 2019–2029

As the demand for various products from across the globe keep, rising the industrial sector is expanding continuously. The growth of the industrial sector is anticipated to aid in propelling the use of insulating gloves. Increasing industrialization has resulted in considerable growth in the working population worldwide. The growth of industries using electrical equipment is on the rise and also the accidental risk associated with it. Increasing regulations towards workers’ safety in sectors in developed countries and its growing influence of developing countries are also expected to benefit the target market growth significantly. For instance, OSHA (Occupational Safety & Health Administration) mandates insulating gloves and sleeves as critical personal protective equipment for electrical purposes on or near exposed energized parts and conductors. Hence, the imposition of such regulations, particularly for electric jobs in several industries is expected to boost market growth. In addition, disposable income is growing across the globe; the need for goods and services is on the rise.

Moreover, increasing the application of insulating gloves in electronics, automotive, and manufacturing sectors is another vital factor augmenting the growth of the global insulating gloves market whereas the adoption of insulating gloves is growing in many industries which are supposed to help in the growth of the target market. Also, cost if the insulating gloves are decreasing which fuels the growth of the target market. Besides, advanced features such as remotely shutting down of engines, speed alerts could help in boosting the market further. Continuous development to produce materials that are more electrical and chemical resistant, abrasion-resistant, and with better elasticity is a trend that has gained significant traction over the years. This trend is likely to continue in the coming years, thus favoring market growth over the forecast period, owing to high risk while dealing with electrical works and growing imposition of safety norms with the industrialization, as well as emerging economies, is expected to drive the use of insulating gloves across the various industries.

Global Insulating Gloves Revenue (US$ Mn) Market Share by Product Type in 2019

Global insulating gloves market is classified based on product type, Industry Verticals, and region. Based on product type, the market is segmented into medium voltage insulating gloves, high voltage insulating gloves and low voltage insulating gloves. The medium voltage insulating gloves segment accounts for the majority share and is expected to witness a significant revenue share over the forecast period, followed by the advanced high voltage insulating gloves segment.

Based on the industry verticals, the target market is segmented into electrical and electronics, automotive, power utilities, and other industry verticals. The electrical and electronics segment accounts for a majority share in the global insulating gloves market.

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. North America market is estimated to account for the highest revenue share whereas Asia Pacific is projected to register highest growth rate over the forecast period.

The research report on the global insulating gloves market includes profiles of some of major companies such as Honeywell International Inc., Ansell Ltd., Carhartt Inc., Magid Gloves & Safety, MCR Safety, Secura, Showa, Gb Industries Sdn Bhd, Cementex Products, Inc, Sicame Australia Pty Ltd, Yotsugi Co., Ltd., Deco Industrial Gloves, Macron Safety Inc., and BINAME Electro glove.

Key Market Segments:

Type

• Low Voltage Insulating Gloves
• Medium Voltage Insulating Gloves
• High Voltage Insulating Gloves

Application

• Electrical and Electronics
• Automotive Industry
• Power Industry
• Communication Industry

Key Market Players included in the report:

• Honeywell International Inc.
• Ansell Ltd.
• Carhartt Inc.
• Magid Gloves & Safety
• MCR Safety
• Secura
• Showa
• Gb Industries Sdn Bhd
• Cementex Products Inc
• Sicame Australia Pty Ltd
• Yotsugi Co. Ltd.
• Deco Industrial Gloves
• Macron Safety Inc.
• BINAME Electro glove.

For the Insulating Gloves Market research study, the following years have been considered to estimate the market size: