According to the latest report by IMARC Group, titled “Earthing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global earthing equipment market to grow at a CAGR of around 5% during the forecast period (2021-2026).
Earthing equipment stand for numerous devices utilized for transferring electricity directly to the earth’s plate. Few of the commonly used earthing equipment comprise of insulated operating rods, pruning heads, low resistance cables, specialist and earth clamp application heads, clamp sticks, operating rod bags, etc. Earthing equipment help in connecting buildings with a conductive surface installed inside the earth or at a neutral point in the soil for improved safety. They prevent significant electrical disturbances, such as lightning strikes and power surges, and aid in reducing the risk of electric shock due to current leaking from uninsulated metal parts of electrical devices. As a result, earthing equipment are widely installed across commercial facilities, residential buildings, industrial plants, etc.
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The increasing construction of modern housing projects, highways, tunnels, manufacturing plants, railways tracks, etc., particularly across the developing nations, has primarily augmented the demand for efficient earthing equipment. Furthermore, the growing number of smart infrastructures that are mostly installed with various electronic and automated devices is also catalyzing the market growth. In addition to this, rapid upgradations of existing power grids to mitigate several potential hazards pertaining to current leakage from uninsulated parts of the grid are further propelling the market growth. Looking forward, IMARC Group expects the global earthing equipment market to continue its moderate growth during the next five years.
Competitive Landscape Key Player:
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- 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
- Toshiba Corporation
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Key Market Segmentation:
IMARC Group 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
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