Global Earthing Equipment Market – Global Industry Analysis and Forecast (2018-2026)
Global Earthing Equipment Market was valued US$ 4.70 Bn in 2017 and is expected to reach US$ 8.34 Bn by 2026, at a CAGR of 7.43% during a forecast period.
The global earthing equipment market based on product, end-user, and region. In terms of product, the earthing equipment market is classified into MS flat, CI flat, and GI wire. Based on end-user, the earthing equipment market is segregated into residential, commercial, and industrial. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The primary purpose of earthing is to decrease the risk of serious electric shock from current leaking into uninsulated metal parts of an appliance, power tool, or other electrical devices. The growth of the global earthing equipment market is driven by an increase in the consumer electronics industry. Rise in new technologies such as Pipe in Pipe Earthing Electrode, which offers low resistance path in the ground to detect any fault & leakage currents and ensures the smooth flow of the ground dissipation, increase the demand for earthing equipment across the world. Growth in the construction market is expected to provide potential opportunities for the key players operating in the market. However, earthing equipment are expensive & operation costs are extremely high in case of big infrastructure installations. This factor restricts the growth of the global earthing equipment market. Increase in the residential and industrial sector is anticipated to offer growth opportunities for the earthing equipment industries in upcoming years.
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In terms of product, GI wire segment holds the largest share in 2017, contributing more than half of the total market revenue, owing to its raised usage in small- to the large-scale earthing system and its requirement in completing the grounding circuit. Furthermore, the segment is anticipated to manifest the fastest CAGR of 6.9% during the forecast period.
Based on end-user, the industrial segment is anticipated to create lucrative opportunities in the future. In 2017, the segment held the largest market share, contributing about half of the revenue owing to raised industrialization, where high power devices are used that require proper earthing for safety and security.
Asia-Pacific region is estimated to witness the fastest growth during the forecast period. Moreover, North America dominated the global earthing equipment market in terms of revenue, contributing more than one-third of the total market share, owing to raised demand for earthing equipment due to the higher number of electrically advanced residential, commercial, and industrial sectors.
Some of the key players in the global earthing equipment market are ABB, Emerson Electric, Harger Lightning & Grounding, Crompton Greaves, Kingsmill Industries UK Ltd., Alstom, Eaton, GE, Schneider Electric, and Toshiba.
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Scope of the Global Earthing Equipment Market
Global Earthing Equipment Market by Product
• MS flat
• CI flat
• GI wire
Global Earthing Equipment Market by End-User
• Residential
• Commercial
• Industrial
Global Earthing Equipment Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Earthing Equipment Market
• ABB
• Emerson Electric
• Harger Lightning & Grounding
• Crompton Greaves
• Kingsmill Industries UK Ltd.
• Alstom
• Eaton
• GE
• Schneider Electric
• Toshiba
Browse Full Report with Facts and Figures of Earthing Equipment Market Report at: https://www.maximizemarketresearch.com/market-report/global-earthing-equipment-market/21075/
MAJOR TOC OF THE REPORT
Chapter One: Earthing Equipment Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Earthing Equipment Market Competition, by Players
Chapter Four: Global Earthing Equipment Market Size by Regions
Chapter Five: North America Earthing Equipment Revenue by Countries
Chapter Six: Europe Earthing Equipment Revenue by Countries
Chapter Seven: Asia-Pacific Earthing Equipment Revenue by Countries
Chapter Eight: South America Earthing Equipment Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Earthing Equipment by Countries
Chapter Ten: Global Earthing Equipment Market Segment by Type
Chapter Eleven: Global Earthing Equipment Market Segment by Application
Chapter Twelve: Global Earthing Equipment Market Size Forecast (2019-2026)
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