Earthing Equipment Market - Growth Drivers, Opportunities and Forecast Analysis to 2023
Market
Highlights
The global Earthing
Equipment Market is
anticipated to witness sustainable growth during the forecast period.
Widespread use of earthing equipment in warehousing and manufacturing industry,
the booming construction and earthing equipment industry, is anticipated to
improve sales prospects. However, high cost of the raw materials, hinder the
growth of the earthing equipment market.
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Asia-Pacific region, to see a gradual increase in the
earthing equipment market over the forecast period
Based on region, the global earthing
equipment market has been segmented into North America, Europe, Asia-Pacific,
and the Rest of the World. North America region dominated the global earthing
equipment market, followed by Europe and Asia-Pacific, primarily due to the
increasing manufacturing sectors that has led to the demand for earthing
equipment market. Asia-Pacific is projected to be the most lucrative region
with construction industry investing in earthing equipment. Furthermore,
various global equipment manufacturers are investing in the manufacturing
sector, which is further expected to boost the demand for earthing equipment market.
Hence, the earthing equipment market is expected witness a CAGR of 5.5% between
2018 and 2023.
CI
earthing flat segment, to witness maximum growth rate in the overall earthing
equipment market
Based on product, the CI earthing flat
segment, accounted for the highest contributor to the global earthing equipment
market in terms of value and volume both in 2017, which is expected to contnue
its dominance between 2018 and 2023, which is attributable to the rapid
urbanization and increase in construction activities in the industrial and
residential projects across the emerging economies. However, the MS earthing
flat segment is anticipated to exhibit maximum growth rate in the earthing
equipment market between 2018 and 2023. This is attributed to its lucrative
features such as high strenght and excellent resistivity against corrosion of
the product.
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Scope of the Report
This study provides an overview of the global
earthing equipment market, tracking two market segments across four geographic
regions. The report studies key players, providing a five-year annual trend
analysis that highlights market size, volume and share for North America,
Europe, Asia-Pacific and the rest of the world (ROW). The report also provides
a forecast, focusing on the market opportunities for the next five years for
each region. The scope of the study segments the global earthing equipment
market by product, end-user, and region.
- By
Product
- MS Earthing Flat
- GI Earthing Flat
- CI Earthing Flat
- By
End-User
- Industrial
- Commercial
- Residential
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
Key Players
The prominent players in the earthing equipment
market are ABB Ltd (Switzerland), Alstom SA (France), Crompton Greaves,
Eaton (Ireland), Emerson Electric (US), GE (US), Harger Lightning &
Grounding (US), Schneider Electric (France), Kingsmill Industries UK Ltd, and
Toshiba (Japan).
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Earthing Equipments Distributors
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