CBRN Protection Equipment Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2029
A new Future Market Insights (FMI) study suggests that the
global CBRN
(Chemical, Biological, Radiological and Nuclear) protection equipment market will
exhibit a healthy CAGR of more than 5% during the forecast period of 2019 –
2029. Greater emphasis of governments on enhancing safety of military forces
constitutes a major push to global sales of CBRN protection equipment.
Increasing production of bioweapons, bio-agents, as well as
chemical weapons has strengthened the demand for CBRN filtration systems,
integrated COLPRO systems, and decontamination shelter systems. Demand for
personal protective equipment such as gloves, boots, body suits, masks, and
hoods is also rising, in line with rise in precautionary training practices.
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Key Takeaways – CBRN Protection Equipment Market Study
- Personal
protection equipment will continue to be bestselling throughout the
forecast period. The rising focus on safety among military personnel has
enhanced demand in countries such as the U.S., Canada, Germany, France,
Italy, Spain, and the U.K.
- Demand
for integrated COLPRO systems is anticipated to multiply, with rising
requirement from developed economies such as the U.S., the U.K., and
Germany.
- Decontamination
shelter systems would gain significant traction, which will drive CBRN
protection equipment market growth.
- With
increasing CBRN attacks in developing economies, especially at airports,
the demand for immediate response has enhanced the mandate for frequent
CBRN protection training. Such CBRN training practices will further drive
the global CBRN protection equipment market growth in following years.
- Rising
investments in nuclear reactor projects, especially in countries like
Russia, India, UAE, Turkey, China, and South Korea are expected to bolster
demand for CBRN protection equipment.
- Rapid
growth in production of chemicals and bio agents has resulted in greater
demand for safety awareness. Regulatory bodies have formed numerous
regulations to improve safety awareness among public, which is expected to
fuel the growth of the CBRN protection equipment market.
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CBRN threats are rising as a result of amplifying
tensions between nations such as the U.S., Iran, and Syria, creating an
opportunity for investments in CBRN protection equipment. The rising need for
customized CBRN protection equipment is expected to drive market growth
positively in the coming years.
Large-scale Regional Players Dominating Competition
Landscape
The report offers essential insights into the competitive
scenario and market structure analysis of the CBRN protection equipment market
along with the strategies of prominent market participants. Some key
participants mentioned in the CBRN protection equipment market report are 3M (Scott
Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA,
MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection
Systems, among others.
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Moreover, the global CBRN protection equipment market is
competitive due to the presence of regional and large-scale players. However,
it has been moving towards competitiveness, with contract acquirements and
ongoing mergers and acquisitions of prominent players. Additionally, regional
players in emerging markets are focusing on increasing value-addition in their
product offerings at competitive pricing.
What Lies Ahead?
Political and geographical unrest between certain nations
are increasing due to nuclear and bio threats, resulting in increased awareness
of CBRN attacks as well as precautionary and preventive measures. The
deployment of safety measures and investments in training practices are
projected to enhance the demand for CBRN protection equipment over the forecast
period.
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Know More About Inclusions of CBRN Protection Equipment
Market Report
A new market research report published by Future Market
Insights (FMI) on the global CBRN protection equipment market includes global
industry analysis for 2014–2018 and opportunity assessment for the 2019–2029.
The report provides insightful analysis of the global CBRN protection equipment
market through four different categories – product type, category, end use, and
region. The CBRN protection equipment market report details current installed
base, product adoption across different applications, prevailing trends and
technologies being adopted in the manufacturing of CBRN protection equipment,
life cycle analysis, and pricing analysis by different types of products.
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