Expansions and New Product Launches are the Key Strategies Adopted by Leading Players o Strengthen Their Position in the Respiratory Protection Equipment Market
The respiratory protection equipment market is estimated at USD 5.25 Billion in 2017 and is projected to reach USD 7.28 Billion by 2022, at a CAGR of 6.8% from 2017 to 2022. New product launches, expansions, mergers & acquisitions, and contracts & agreements are strategies adopted by key players to strengthen their position in the respiratory protection equipment market. The maximum number of strategic developments took place in the North American region between January 2013 and September 2017.
The key players operating in the respiratory protection equipment market include Honeywell International (US), 3M (US), Kimberly-Clark (US), Avon Protection Systems (US), MSA Safety (US), Alpha Pro Tech (Canada), Bullard (US), Dragerwerk (Germany), Gentex (US), and Jayco Safety Products (India).
3M is the leading respiratory protection equipment manufacturer in the world. The company offers reusable respirators, powered & supplied air purifiers, and disposable respirators. These respirators provide protection against airborne particles, biohazards, chemicals, radiological & nuclear wastes, gas, vapors, and smoke. The company serves the manufacturing, healthcare, construction, law enforcement, oil & gas, mining, and food industries, among others. In October 2017, 3M entered completed its acquisition of Scott Safety (Canada), a subsidiary of Johnson Controls International PLC (Ireland). This acquisition helped the company enhance its respiratory protection offerings.
MSA Safety is another leading manufacturer of respiratory protection equipment, globally. The company offers different types of respiratory protection equipment, including airline respirators, full face masks, SCBA parts & accessories, self-contained breathing apparatus, and powered air purifying respirators, among others. The company focuses on new product launches and contracts & agreements to strengthen its market presence. For instance, in June 2015, the company introduced the G1 Supplied Air Respirator (SCBA), which is an advanced, comfortable, streamlined, balanced, configurable, and customizable breathing apparatus. In June 2016, the company entered into a supply contract with Fire and Rescue New South Wales (Australia). This contract helped the company ensure the long-term supply of its products.
Dragerwerk is one of the largest respiratory protection equipment manufacturers in Germany. The company offers purifying respiratory protection, heavy respiratory protection, and escape equipment for industries such as manufacturing, chemical, and firefighting. In June 2015, the company launched the X-plore 8000, which is a powered air-purifying respirator (PAPR) especially meant for the chemical industry. The product provides optimum protection against toxic gases. This launch helped the company to attract new customers and capture additional market shares.
Related Reports:
Respiratory Protection Equipment Market by Product Type (Air-purifying Respirators, Supplied Air Respirators), End-use Industry (Healthcare & pharmaceuticals, Defense & Public Safety Services, Oil & Gas, Manufacturing, Mining) - Global Forecast to 2022
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