Market Research Report
Emergency Escape Breathing Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||919614|
|Published||Content info||114 Pages
Delivery time: 2-3 business days
|Emergency Escape Breathing Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: December 10, 2019||Content info: 114 Pages||
The global emergency escape breathing device market grew at a CAGR of around 11% during 2014-2019. An emergency escape breathing device is a lifesaving appliance which is used for escaping an area with hazardous conditions such as fire, smoke, poisonous gases, biological hazards, and unsafe industrial and marine environments. The device is generally used for quick escape from a situation wherein the individual must swiftly vacate his immediate surroundings with the device usage time of up to 15 minutes. EEBDs are perfectly adapted to confined spaces, marine, industrial and oil and gas applications. It can be quickly operated as it is specially constructed to provide airflow automatically as soon as the bag is opened.
With rapid technological advancements and product innovations, the market for emergency escape breathing devices has gained traction across the globe. Moreover, growing demand for advanced safety systems for industries such as marine, oil and gas, hospitals and labs etc., is anticipated to drive the market in the coming years. The growing concerns about the installation of safety equipment on ships, safety compliance, crew safety training, the latest safety regulations, and proper training to the crew and marine officials will impact the enhancement of safety measures taken on ships, which is further propelling the market growth of emergency escape breathing devices.
Furthermore, presence of key vendors across the globe such as Drager, 3M Scott Safety, MSA, Honeywell, etc. are continuously expanding their product portfolio and introducing several safety features such as enhanced support for vessels and ships in emergency and daily operations backed by supportive government regulations is escalating the market demand for EEBD. Looking forward, IMARC Group expects the global emergency escape breathing device market to continue its double digit growth during 2020-2025.
The competitive landscape of the industry has also been examined with some of the key players being MSA Safety International, 3 M Scott Fire Safety, Honeywell International Inc, Drager, Interspiro AB, Cam Lock Ltd, Shigematsu Works Co Ltd, Avon Protection, Koken Ltd, and Matisec.