Earthing Equipment Market: Global Industry Trends, Statistics, Size, Share, Growth Factors, Regional Analysis, Competitive Landscape and Forecast 2023
Global Earthing Equipment Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India – June 11, 2019 /MarketersMedia/ —
Earthing Equipment Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product (MS Earthing Flat, GI Earthing Flat, and CI Earthing Flat), End-User (Industrial, Commercial, and Residential) and Region — Global Forecast till 2023
Earthing is done to reduce the risk of electric shock from uninsulated parts of electrical devices by creating an alternative low resistance path for current. The global earthing equipment market’s growth has been solid in the past few years, and Market Research Future (MRFR) has anticipated the market to witness renewed growth in the coming years. As per MRFR’s latest report, the market is likely to capture a CAGR of 5.5% over the forecast period of 2018-2023.
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Infrastructural activities are primarily driving the growth of the earthing equipment market. The governments in various developing countries have raised their infrastructure spending which is likely to spur the demand for earthing equipment over the forecast period.
Expansion of the consumer electronics industry is also set to augment the growth of the market. Increase in spending capabilities across the globe has raised the demand for electronic goods which require earthing. Moreover, to keep pace with advancements in material mixes and inter-related technology, the earthing equipment market has also progressed considerably over the years. Technological advances in earthing equipment has created opportunities for an additional number of applications which is fostering the growth of the market. Moreover, developments in the earthing equipment space have led to increased demand from automotive OEMs who are increasingly leveraging earthing equipment to achieve benefits of reduction in installation time and cost.
Conversely, the growth of the market might be dampened by impeded by volatility in the price of raw materials.
Key Players
• Schneider Electric (France)
• Crompton Greaves
• Eaton (Ireland)
• ABB Ltd (Switzerland)
• Alstom SA (France)
• Toshiba (Japan)
• GE (US)
• Kingsmill Industries UK Ltd.
• Harger Lightning & Grounding (US)
• Emerson Electric (US)
Industry Updates
November 2018 – Embattled power utility Eskom and the African Development Bank (AfDB) entered into an agreement to improve power transmission in Southern Africa. The deal would upgrade sub-station equipment including earthing systems at various sub-stations in Mpumalanga.
Segmentation
The earthing equipment market has been segmented based on product and end-user. By product, the earthing equipment market has been segmented into MS earthing flat, GI earthing flat, and CI earthing flat. Product-wise, the CI earthing segment led the market in 2017 and is likely to retain its lead over the forecast period. The rise in industrial constructional activities has bolstered the demand for earthing equipment which is driving the CI earthing segment.
By end-user, the earthing equipment market has been segmented into commercial, industrial and residential. The industrial segment dominated the market in 2017 and is also predicted to exhibit maximum grow3th over the forecast period. The industrial revolution in developing countries such as China and India account for the majority demand in the market. Expansion of manufacturing capabilities in the APAC region is also generating demand for earthing equipment.
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Regional Analysis
By region, the earthing equipment market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America holds the most significant share of the market and is spurred by technological advancements in the electrical equipment industry. The US is the major contributor to the North America market. The presence of leading earthing equipment manufacturers such as Emerson Electric, GE, and Harger Lightning & Grounding is based in the region which gives it unprecedented leverage.
The APAC earthing equipment market is likely to witness the highest rate of growth over the forecast period. Even though major earthing equipment players based in the US, non-US-based companies are setting up operations in the APAC region to capitalize on the tax benefits offered by the governments in the region. Moreover, the cost of operating in the APAC is relatively lesser than in other regions which acts as an advantage.
Intended Audience:
• Raw Material Suppliers
• End Users
• Equipment Manufacturers
• Traders & Distributors
• Regulatory Bodies
• Market Research and Consulting Firms
List of Tables
Table 1 Global Earthing Equipment Market: by Region, 2018-2023
Table 2 North America Earthing Equipment Market: by Country, 2018-2023
Table 3 Europe Earthing Equipment Market: by Country, 2018-2023
Table 4 Asia-pacific Earthing Equipment Market: by Country, 2018-2023
Table 5 Row Earthing Equipment Market: by Country, 2018-2023
Table 6 Global Earthing Equipment Market, by Product, by Region, 2018-2023
Table 7 North America Earthing Equipment Market, by Product, by Country, 2018-2023
Table 8 Europe Earthing Equipment Market, by Product, by Country, 2018-2023
Continued……..
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued…….
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
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