Earthing Equipment Market Analysis 2022-2027, Industry Size According to the latest report by IMARC Group, titled “Earthing Equipment Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, Offers a comprehensive analysis of the industry, which comprises insights on earthing equipment market share.
The global earthing equipment market size reached US$ 4.6 Billion in 2021. Earthing equipment is used for transmitting electricity directly to the plate of the Earth. It ensures the safety of electrical appliances and devices from electric shock and overvoltage. It also helps avoid the risk of fire in electrical installation systems. Some of the commonly available earthing equipment includes low resistance cables, clamp sticks, operating rod bags, pruning heads, and earth clamp application heads.
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Market Trends:
A significant increase in the construction of residential and commercial complexes, coupled with the implementation of favorable government policies for improving existing infrastructure, represents one of the major factors bolstering the market growth. In addition, key players are introducing portable equipment and smart earthing monitors enabled with big data, internet of things (IoT), artificial intelligence (AI), digital platforms, and smart sensors. This, in confluence with the rising number of mining activities worldwide, is anticipated to influence the market positively in the coming years. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.87% during 2022-2027.
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:
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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