Earthing Equipment Market Overview, Trends, Opportunities, Growth and Forecast 2021-2026
According to the latest report by IMARC Group, titled “Earthing Equipment Market Size: 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 is a device used to connect the body of an electrical appliance to the deeper ground soilthrough a metal link. It includes flat tape, insulated operating rods, solid stranded and circular conductors, grounding clamps, and grounding wires. It is employed in residential and commercial buildings and industrial plantsfor enhancing safety, offering protection against electrical disturbances, such as power surges and lightning strikes, and minimizing the risk of electric shock.
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Significant growth in the construction of residential and commercial complexes across the globe representsone of the key factors driving the market. Moreover, rising investments in the renovation of existing infrastructure, such as tunnels and roads, arecatalyzing the demand for efficient earthing equipment to protect residents, workers, machinery, and appliances from dissipating short circuits and electrical surges. Furthermore, the increasing utilization of smart and technologically advanced devices that require constant earthingis bolstering the market growth.
Competitive Landscape Key Player:
- 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:
Our report has categorized the market based on region, product and application.
Breakup by Product:
- MS Flat
- CI Flat
- GI Wire
Breakup by Application:
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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