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Earthing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Earthing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • December 2020
  • 136 pages
  • ID: 5981469
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global earthing equipment market grew at a CAGR of around 5% during 2014-2019.

Earthing equipment refers to various devices used for transferring electricity directly to the earth’s plate. Some of the commonly used earthing equipment includes low resistance cables, insulated operating rods, pruning heads, clamp sticks, specialist and earth clamp application heads and operating rod bags. These components connect buildings with a conductive surface placed inside the earth or at a neutral point in the soil for enhanced safety. They provide protection from significant electrical disturbances, such as lightning strikes and power surges and aid in minimizing the risk of electric shock from current leaking from uninsulated metal parts of electrical devices. As a result, they are commonly used in commercial and residential buildings and industrial plants.

Rapid industrialization, along with significant growth in the construction industry in recent years, represent as the key factors creating a positive outlook for the market. With the increasing construction of commercial and residential buildings, roads, tunnels, manufacturing plants and railways tracks, especially in developing nations, there is a growing requirement for efficient earthing equipment. This, in turn, is contributing to the market growth. Earthing is essential in buildings to protect residents, machinery and appliances from electrical surges and dissipate short circuit current. Additionally, various technological advancements, such as the integration of consumer electronics with artificial intelligence (AI) and the Internet of Things (IoT), are acting as other growth-inducing factors. This has resulted in the increasing utilization of smart devices, such as televisions and refrigerators, which require constant earthing, thereby creating a positive outlook for the market. Other factors, including the increasing product demand from automobile manufacturers, along with the reconstruction of the existing power grids, are anticipated to drive the market further. Looking forward, the analyst expects the global earthing equipment market to continue its moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global earthing equipment market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, product and application.

Breakup by Product:
MS Flat
CI Flat
GI Wire

Breakup by Application:
Residential
Commercial
Industrial

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., CG Power and Industrial Solutions Limited (Avantha Group), Eaton Corporation Inc., Emerson Electric Co., General Electric, Harger Lightning & Grounding, Kingsmill Industries UK Ltd., Schneider Electric SE and Toshiba Corporation.

Key Questions Answered in This Report:
How has the global earthing equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global earthing equipment market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global earthing equipment market and who are the key players?
What is the degree of competition in the industry?

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